Troy Benjegerdes [ARCHIVE] on Nostr: 📅 Original date posted:2014-03-13 📝 Original message:<cynic hat: on> Every ...

📅 Original date posted:2014-03-13
📝 Original message:<cynic hat: on>

Every volatility bump messes up expectations of what a bitcoin is worth,
so why are we bikeshedding uBTC vs mBTC? Just be done with it and do mBTC
now, and plan uBTC for just after the next price spike to $10KUSD or whatever,
and then plan on rolling back to mBTC when the price crashes from altcoin
money supply inflation competition.


On Thu, Mar 13, 2014 at 09:45:54AM -0400, Jeff Garzik wrote:
> <vendor hat: on>
>
> Based on this seeming consensus, BitPay was headed towards uBTC
> internally, and hoped to coordinate messaging and rollout with others
> in the community. Ah well, proceed apace, and Bitcoin Wallet will
> catch up, I suppose.
>
> Multiple unit changes negatively impact users, but we are already there :/
>
>
> On Thu, Mar 13, 2014 at 9:34 AM, Wladimir <laanwj at gmail.com> wrote:
> >
> > On Thu, Mar 13, 2014 at 1:56 PM, Jeff Garzik <jgarzik at bitpay.com> wrote:
> >>
> >> Resurrecting this topic. Bitcoin Wallet moved to mBTC several weeks
> >> ago, which was disappointing -- it sounded like the consensus was
> >> uBTC, and moving to uBTC later --which will happen-- may result in
> >> additional user confusion, thanks to yet another decimal place
> >> transition.
> >
> >
> > I've kind of given up getting any consensus about this, or even getting
> > people to care.
> >
> > Everyone agrees that a decimal shift would be good, but it's the same boring
> > shed painting discussion every time on how many decimals. In the end nothing
> > happens.
> >
> > I can't really blame Andreas for finally taking action and making the change
> > to mBTC. People in the community are familiar with mBTC because some
> > exchanges and price sites used mBTC (at least for a while when >$1000), also
> > mBTC seems to be catching on on reddit etc.
> >
> > Moving to muBTC (which in itself would be better because it is the final
> > unit change ever needed without hardfork) would require more coordinated
> > education effort.
> >
> > Wladimir
>
>
>
> --
> Jeff Garzik
> Bitcoin core developer and open source evangelist
> BitPay, Inc. https://bitpay.com/
>
> ------------------------------------------------------------------------------
> Learn Graph Databases - Download FREE O'Reilly Book
> "Graph Databases" is the definitive new guide to graph databases and their
> applications. Written by three acclaimed leaders in the field,
> this first edition is now available. Download your free book today!
> http://p.sf.net/sfu/13534_NeoTech
> _______________________________________________
> Bitcoin-development mailing list
> Bitcoin-development at lists.sourceforge.net
> https://lists.sourceforge.net/lists/listinfo/bitcoin-development

--
----------------------------------------------------------------------------
Troy Benjegerdes 'da hozer' hozer at hozed.org
7 elements earth::water::air::fire::mind::spirit::soul grid.coop

Never pick a fight with someone who buys ink by the barrel,
nor try buy a hacker who makes money by the megahash