[Bitcoin-development] moving the default display to mbtc

[Mark Friedenbach]

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Whoops, this was meant for the list:

Drawing on analogues from national currencies, it's also possible to
alleviate the confusion by switching currency symbols, e.g. to XBT or
NBC (New Bitcoin).

1 XBC == 1 uBTC

On 11/14/13 2:03 PM, Jeff Garzik wrote:
> Go straight to uBTC. Humans and existing computer systems handle
> numbers to the left of the decimals just fine (HK Dollars, Yen).
> The opposite is untrue (QuickBooks really does not like 3+ decimal
> places).
> 
> - Jeff
> 
> On Nov 14, 2013 4:40 PM, "Mark Friedenbach" <mark at monetize.io 
> <mailto:mark at monetize.io>> wrote:
> 
> For this reason I'm in favor of skipping mBTC and moving straight
> to uBTC. Having eight, or even five decimal places is not intuitive
> to the average user. Two decimal places is becoming standard for
> new national currencies, and we wouldn't be too far from human
> scale everyday numbers: 25.00uBTC ~= $0.01 currently. And I don't
> think very many people on this list would consider bitcoin
> overvalued in the long term perspective.
> 
> Better to go through a confusing renumbering only once.
> 
> Mark
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