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Colloquial terms will vary by culture.
The question of what unit to use and what name to give it will depend on the economic context and local culture.
As far as what I want my Bitpay invoices and coinbase balance to show me, it's microbitcoins...which I call bits...but if I were buying a car or house, I'd use the unit and name bitcoins.
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I like it when they get it. I help when they don't. I dislike it when they think Bitcoin is a get rich quick scheme. I can't stand it when they are rude, demanding, or entitled. I hate it when they think Bitcoin requires no work.
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Well this sounds evil but make a low res copy while your at it so we can get it over with It's not evil, information wants to be free. Someone please do this. Maybe we should start a BTC pool bounty for whoever gets us a copy first? "Beware those who would deny you access to information, for in their hearts they dream themselves to be your masters" No....that's beyond dumb. That's like me asking you to go to work for 6 months for free. That's like saying all food wants to be eaten, so let's rob the grocery store. I'll play no part in theft. |
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I think some cultures will chose to use milliBits and other bits. With a bit having essentially zero value now, it will be a while before they are likely to be used (in single units) economically. But, it doesn't hurt to prepare. I don't think a Satoshi will be an economically useful unit in my lifetime (ie, >1˘). Satoshi's will be useful for non-economic tasks (like trading large volumes of altcoins values in pennies), but even the poorest of the poor wouldn't use any currency unit of so little value.
The advantage to bits is that the two decimal places following a bit gives precision down to the Satoshi. Lots of cultures use 2 or 3 decimal places after their major currency unit. Not culture uses 5 or more (some international banking currency units use 4 decimal places).
At any rate, I think we should have unique unicode symbols for 4 denominations such that they don't casefold (eg, a lowercase Ƀ is ƀ...they both can't be used as symbols like $ and ˘...otherwise a sticky caps lock key could cost a fortune!)
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How about 4 denominations, each with its own Unicode character? Formal names vs colloquial names need some work...here's a vague scheme (with approximated glyphs)
B⃦*,BITCOIN SIGN, value: 1 bitcoin
₥ BITCOIN MILLIBITCOIN SIGN, value: 0.001 bitcoins
ƀ BITCOIN BIT SIGN, value 0.001 millibitcoins
s̸ or s⃫, BITCOIN BITCENT SIGN, value 0.01 bits
B⃦*(similar to ฿ with two vertical bars for those with old browsers)
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I'm very excited about bitcoin 2.0 and the next years of bitcoin. I think we have finally arrived.
What bitcoin 2.0? You mean alt coin? I'm just excited for when Bitcoin actually becomes 1.0 instead of 0.9 =) Well...the next version will be 0.10, not 1.0... https://bitcoinfoundation.org/2014/07/07/floating-fees/ |
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My wife will be there for the race weekend...hmmm...
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For some reason everytime I see Brock's name I think of Phineaus Gage. I guess this forum just needs some drama sometimes, especially when news has been slow and people need something to talk about.
Name: Phinnaeus Gage Posts: 21320 Activity: 1106 Position: Hero Member Date Registered: June 16, 2011, 03:38:53 PM Last Active: June 17, 2014, 06:38:34 PM Did they silence him ? No. He's probably on vacation. He's well respected. |
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Any news on the return of Bitbills?
Last I heard (6 months...maybe a year ago?), Doug was working on patent / IP issues. |
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wow you're dumb as fuck if you think realcoin is just fiat in digital form.
For a "hero member", i dont see any other way but you're pumping for your gain.... aside from being a typical scammer...
Wow. Do you even know who Dmitry is? Don't forget, we are all real people here. Before you go about being much ruder to someone online than you would be in real life, think about who you're talking to. Otherwise, you are just going to end up looking uninformed...as in this thread. Anyhow, Rassah -- I didn't connect the dots between decentralized exchange and this Brock backed venture. You make a great observation. Very good news for Bitcoin indeed. |
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The Bitcoin Foundation needs to be disbanded. I certainly didn't vote on having a Foundation and I don't think many/any of us did. It violates the entire principal of decentralization.
A centralized entity such as the Bitcoin Foundation will only try to introduce centralized solutions to a decentralized technology, and it can become a target for governments and corruption and manipulation.
I suspect The Bitcoin Foundation has motives counter to the purpose of Bitcoin itself. It wouldn't surprise me if goverments are trying to plant people inside this Foundation to alter its course and attempt to gain a foothold on how Bitcoin develops.
Without the Foundation there is no central target, which is how it is supposed to be.
The next step is: How is this accomplished?
No need to disband it if people simply ignore it. The bit coin foundation is irrelevant. No need to give them any relevance by trying to disband them. I'm curious why people think centralized efforts and pooling of resources somehow "violates" some fundamental principle of Bitcoin. The foundation can not hurt Bitcoin. The foundation can not "run" Bitcoin. Centralized efforts and decentralized efforts are orthogonal to each other -- both can exist without affecting the other. The foundation is, at worst, a paper tiger. Having the foundation as "a central target" would amount to nothing but a decoy -- the foundation is not Bitcoin. If I pay a developer's salary, or 5 developers salaries, does that make me a centralized entity? What if theymos used donated funds to pay Bitcoin core devs? Would he be a centralized entity? Of course not. |
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Indeed. And as it was mentioned before word "virtual" mean something "not real"-virtual.
The "virtual" in "virtual currency" means acting like the corresponding physical object, but having its attributes created and maintained by the operation of software, just like in the terms "virtual reality" and "virtual machine". I don't particularly like the term "virtual currency" because it doesn't really describe any interesting or meaningful distinction between, say, Bitcoins and dollars. One can make physical Bitcoins, and most dollars are virtual. As a regulatory specific term, it looks like FinCEN has already defined it. As a general term, I don't use it. I use digital or crypto currency. |
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Thanks for the link. This seems very interesting. There is quite a lot to listen and learn for listeners - good job. +10 for doing those 6 sections. (I see you are just about to record SECTION 5: Bitcoin Wallets - that will be very interesting I need to ask you a question about those records - PM sent) I will listen to some of them for sure. Regards. I can only take credit for a few of the lectures. The lion's share of the work belongs to Charles Hoskinson. |
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This seems like an answer to the problem. Well I must tell that I was saying about the Bitcoin that it is a "virtual currency" as some people understand this term better than "digital currency" when you want to explain what Bitcoin is. But nowadays I used to say "cryptocurrency" - is a 'digital currency' really the best choice as Foundation prefers that one or is it just a matter of what we like to say better. I think both terms seems good. Crypto currency Digital currency - in both cases name include a deep meaning of what it really is. Maybe we should split them together and say Digital crypto currency  What do you think about it? Regards. I agree and use the terms crypto and digital similarly. There are dozens of turn of the century crypto / non-crypto digital currencies. (If you want to learn a bitbabout the history, check out my history lectures here: https://www.udemy.com/bitcoin-or-how-i-learned-to-stop-worrying-and-love-crypto/ ) |
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