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Subject: Re: [Bitcoin-development] "bits": Unit of account
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I told him specifically to bring it here (on a pull request for
Bitcoin Core), as there is no point in making such convention changes
to just one client.
I wasn't aware of any discussion about the "bits" proposal here before.
On Sun, Apr 20, 2014 at 4:28 PM, Tamas Blummer <tamas@bitsofproof.com> wrote:
> People on this list are mostly engineers who have no problem dealing with
> magnitudes and have rather limited empathy for people who have a problem
> with them.
> They also tend to think, that because they invented money 2.0 they would not
> need to care of finance's or people's current customs.
>
> The importance of their decisions in these questions will fade as people
> already use wallets other than the core.
>
> Bring this particular discussion elsewhere, to the wallet developer.
>
> BTW the topic was discussed here several times, you have my support and Jeff
> Garzik's.
>
> Regards,
>
> Tamas Blummer
> http://bitsofproof.com
>
> On 20.04.2014, at 15:15, Rob Golding <rob.golding@astutium.com> wrote:
>
> The average person is not going to be confident that the prefix they
> are using is the correct one,
>
>
> The use of any 'prefix' is one of choice and entirely unnecessary, and there
> are already established 'divisions' in u/mBTC for those that feel they need
> to use such things.
>
> people WILL send 1000x more or less than
> intended if we go down this road,
>
>
> Exceptionally unlikely - I deal every day with currencies with 0, 2 and 3
> dp's in amount ranging from 'under 1 whole unit' to tens of thousands - Not
> once in 20 years has anyone ever 'sent' more or less than intended - oh,
> they've 'intended' to underpay just fine, but never *unintended*.
>
> I propose that users are offered a preference to denominate the
> Bitcoin currency in a unit called a bit. Where one bitcoin (BTC)
> equals one million bits (bits) and one bit equals 100 satoshis.
>
>
> I propose that for people unable to understand what a bitcoin is, they can
> just use satoshi's and drop this entire proposal.
>
> Rob
>
>
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