[Bitcoin-development] "bits": Unit of account

Natanael natanael.l at gmail.com
Tue Apr 22 14:55:54 UTC 2014

I am in favor of xbit, my only concern is if average Joes will consider
that name "stupid" (like various attempts at "cool" branding with unusual
letters like Q, X, Z, etc). We should see if we can get support for it in
the community and if there would be any notable opposition against it or
not. If there's no significant opposition and most people are in favor, I'd
say go ahead.

- Sent from my phone
Den 21 apr 2014 11:38 skrev "Tamas Blummer" <tamas at bitsofproof.com>:

> Thomas V:
> Your proposal misses the points that:
> - this is about a unit with 1e-6 Bitcoins or 100 satoshis.
> - it is not about people who know Bitcoin and are techies, but about those
> who don’t and aren’t.
> The reasons for such a unit are more than shifting the comma some places
> for convinience,
> but to align Bitcoin with capabilities of existing financial software and
> customs of finance and average people,
> and ISO standard of currency abbreviations.
> bit and XBT seems to check the boxes.
> I would love to have some feedback on xbit as per my previous mail.
> Regards,
> Tamas Blummer
> http://bitsofproof.com
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