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Title: Bitcoin XBT - Exodus from BTC to XBT? Post by: SpeculateThis on September 20, 2013, 05:13:06 PM I assume most of you have read the article below, or are at least aware of the "XBT" currency code news by now.
http://www.coindesk.com/bitcoin-gaining-market-based-legitimacy-xbt/ (http://www.coindesk.com/bitcoin-gaining-market-based-legitimacy-xbt/) So I'm wondering if "BTC" will stick around, or people and bitcoin-businesses will adopt "XBT"? Thoughts? :) Title: Re: Bitcoin XBT - Exodus from BTC to XBT? Post by: tgerring on September 20, 2013, 06:38:21 PM I assume most of you have read the article below, or are at least aware of the "XBT" currency code news by now. http://www.coindesk.com/bitcoin-gaining-market-based-legitimacy-xbt/ So I'm wondering if "BTC" will stick around, or people and bitcoin-businesses will adopt "XBT"? Thoughts? :) Both Title: Re: Bitcoin XBT - Exodus from BTC to XBT? Post by: becoin on September 20, 2013, 09:12:26 PM I assume most of you have read the article below, or are at least aware of the "XBT" currency code news by now. Why do you think it is a good news for Bitcoin? IMO good news would have been if BTC was accepted, not XBT.http://www.coindesk.com/bitcoin-gaining-market-based-legitimacy-xbt/ So I'm wondering if "BTC" will stick around, or people and bitcoin-businesses will adopt "XBT"? Thoughts? :) Title: Re: Bitcoin XBT - Exodus from BTC to XBT? Post by: SpeculateThis on September 20, 2013, 09:42:07 PM I assume most of you have read the article below, or are at least aware of the "XBT" currency code news by now. Why do you think it is a good news for Bitcoin? IMO good news would have been if BTC was accepted, not XBT.http://www.coindesk.com/bitcoin-gaining-market-based-legitimacy-xbt/ So I'm wondering if "BTC" will stick around, or people and bitcoin-businesses will adopt "XBT"? Thoughts? :) I'm not saying it's neither good nor bad. I bring up the point as an objective question. I haven't found much discussion on the communities' thoughts about it. Yeah, there are some threads on the idea, but they are just filled with bickering on whether or not the currency code should be implemented. I'd like to know what people think about it after the fact. Title: Re: Bitcoin XBT - Exodus from BTC to XBT? Post by: 2048-bit on September 20, 2013, 09:44:00 PM What is the XBT abbreviation derived from?
Title: Re: Bitcoin XBT - Exodus from BTC to XBT? Post by: Meni Rosenfeld on September 21, 2013, 05:48:45 PM Just to make sure I'm not missing anything... Are there actually any "news" in http://www.coindesk.com/bitcoin-gaining-market-based-legitimacy-xbt/? I just see that they mention a few places are using XBT, not that anything official happened...
the BT in BTC means Bhutan. BTC will over time be used less and less as we adapt to the international standard. The ISO currency code for the New Israeli Shekel is ILS, though NIS is more commonly used. I expect something similar will happen with BTC.Title: Re: Bitcoin XBT - Exodus from BTC to XBT? Post by: p2pbucks on September 21, 2013, 11:00:52 PM XBT ... WTF ;D what's letter X stand for ?
why we should follow bloomberg's rules ? Title: Re: Bitcoin XBT - Exodus from BTC to XBT? Post by: becoin on September 22, 2013, 05:58:10 AM XBT ... WTF ;D what's letter X stand for ? why we should follow bloomberg's rules ? X means no country. Shows it is not govt fiat. Title: Re: Bitcoin XBT - Exodus from BTC to XBT? Post by: TheButterZone on September 22, 2013, 09:24:11 AM XAG http://en.wikipedia.org/wiki/XAG
XAU http://en.wikipedia.org/wiki/XAU XBT http://en.wikipedia.org/wiki/XBT Title: Re: Bitcoin XBT - Exodus from BTC to XBT? Post by: Meni Rosenfeld on September 22, 2013, 09:56:32 AM XBT http://en.wikipedia.org/wiki/XBT Someone added an entry there that XBT is the ISO currency code for Bitcoin. Did this really happen? Or are we going to see the "Bitcoin is now a bank in Europe" story all over again?It's bad enough when clueless reporters misinterpret news and spread FUD, but when we do it ourselves it's worse. Title: Re: Bitcoin XBT - Exodus from BTC to XBT? Post by: solex on September 22, 2013, 10:00:57 AM XBT http://en.wikipedia.org/wiki/XBT Someone added an entry there that XBT is the ISO currency code for Bitcoin. Did this really happen? Or are we going to see the "Bitcoin is now a bank in Europe" story all over again?It's bad enough when clueless reporters misinterpret news and spread FUD, but when we do it ourselves it's worse. It says proposed ISO code for Bitcoin. BTC is an informal code, so is XBT at present. No disinformation there. I checked the Bitcoin article itself, and XBT has reference 5, the usage seen on xe.com http://www.xe.com/currency/xbt-bitcoin Title: Re: Bitcoin XBT - Exodus from BTC to XBT? Post by: Meni Rosenfeld on September 22, 2013, 10:07:51 AM It says proposed ISO code for Bitcoin. It says "proposed" because I edited it to say "proposed".If you looked at the edit history you'd see that before I got there it said "The ISO 4217 standard currency code for Bitcoin". Title: Re: Bitcoin XBT - Exodus from BTC to XBT? Post by: solex on September 22, 2013, 10:12:07 AM It says proposed ISO code for Bitcoin. It says "proposed" because I edited it to say "proposed".If you looked at the edit history you'd see that before I got there it said "The ISO 4217 standard currency code for Bitcoin". Ah, OK. Then you did exactly the right thing. Good spot. In fact it should be merged with the first line which has the XBT/USD example. Title: Re: Bitcoin XBT - Exodus from BTC to XBT? Post by: crescendo on September 23, 2013, 08:56:55 AM you have first to edit the section of history, then proceed forward.
Title: Re: Bitcoin XBT - Exodus from BTC to XBT? Post by: GigaCoin on November 27, 2013, 09:24:37 PM i fully support xbt as the standard and i think we should transition to this new term, starting in this forum.
Title: Re: Bitcoin XBT - Exodus from BTC to XBT? Post by: monsterer on November 27, 2013, 09:40:13 PM Nope, XBT is confusing as hell; the last thing we need is a name change.
Why isn't USD, XUS? Or GBP XGB? ISO or not, BTC is the right three letter abbreviation for the currency. Title: Re: Bitcoin XBT - Exodus from BTC to XBT? Post by: crazy_rabbit on November 27, 2013, 10:44:24 PM Nope, XBT is confusing as hell; the last thing we need is a name change. Why isn't USD, XUS? Or GBP XGB? ISO or not, BTC is the right three letter abbreviation for the currency. Too late. It's going to be XBT regardless of what people think now. Title: Re: Bitcoin XBT - Exodus from BTC to XBT? Post by: Meni Rosenfeld on November 27, 2013, 11:03:03 PM Nope, XBT is confusing as hell; the last thing we need is a name change. USD is issued by the US.Why isn't USD, XUS? Or GBP XGB? ISO or not, BTC is the right three letter abbreviation for the currency. GBP is issued by GB. Bitcoin is not issued by Bhutan. That said see my comment above, XBT will be the ISO code but I believe BTC will still be used. Title: Re: Bitcoin XBT - Exodus from BTC to XBT? Post by: wnetwork on December 14, 2013, 03:31:41 AM Seeing that there is few comments or interests here, changing to XBT isn't happening. Everywhere I go, I see BTC.
Title: Re: Bitcoin XBT - Exodus from BTC to XBT? Post by: solex on December 14, 2013, 06:06:42 AM Seeing that there is few comments or interests here, changing to XBT isn't happening. Everywhere I go, I see BTC. BTC is fine as an informal code for use in print, webpages, consumer/user display info. This won't go away. XBT is required for professional terminology, background intersystem communication, Bitcoin represented within existing accounting/financial systems. |