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Question: Instead of 1XBT=1BTC, define 1XBT as 1/1000000BTC; are you for this (Y) or against it (N)?
Yes
No

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Author Topic: Proposal to define XBT as 0.000001BTC (Vote)  (Read 1310 times)
zimmah
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May 24, 2014, 09:58:48 PM
 #21

Do not make bitcoin too geeky or nobody but geeks will use it. Just use the metric system. Everyone already knows it.

aka bitcoin, millibitcoin, etc.


this is mostly about a formal definition to comply with ISO standard anyway
Biodom (OP)
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May 24, 2014, 10:54:31 PM
 #22

Do not make bitcoin too geeky or nobody but geeks will use it. Just use the metric system. Everyone already knows it.

aka bitcoin, millibitcoin, etc.

As came up in a previous poll discussion, some people seem to coalesce around the idea to define the proposed ISO unit (XBT) as 0.000001 BTC.
How to call the unit in slang is not relevant for this poll, but possible variants would include bit, X-bit (like in X-ray), ubt, xib/xi, microbit, etc.
Voting Yes would mean that you approve changing of XBT definition from=1BTC to equaling 0.000001 BTC.



OP, I will repeat again.
1. International finance system allows only two monetary units for a currency-a major (like USD, EUR, etc) and minor (which is a derivative, for example cents are described as 10^-2 USD).
2. As a result, as long as you want bitcoin to be traded between institutions and integrated, you have to pick up just TWO units-Major and Minor. Minor, I assume, everybody agree, would be satoshi. This poll is about a major unit.
You cannot have three official units. Of, course, if you want bitcoin NOT be connected to other financial networks, you can pick up as many units as you want (centi, milli, micro, bits, etc).
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