XBT vs BTC, what is the story?

[btcusury]

It has nothing to do with government ssued or not, it is because of country codes (ISO 3166-1)

[...]

This has nothing to do with government propaganda, it's just following protocol.

No non-government-backed currencies are accepted into the ISO 4217 standard (except as X__). Hence, country codes = government codes. "Protocol" = government protocol. LOL, thanks for a great example of "I don't mind conforming to the invisible bars of my prison."

this has nothing to do with government, it's an international agreed standard just like the metric system.

"International" = government-approved.

Having one unified standard is a good thing.

That completely depends on what kind of standard you are dealing with. How "standardized" do you suppose the people in Soviet Russia or Nazi Germany were? Extremely standardized. Unless you learn to apply discernment (thinking for yourself rather than equating truth with "authoritativeness"), standardization/normalization can be a euphemism for enslavement.

[PolarPoint]

Banks can use whenever they need to fit into their system. For me, it will always be BTC or the BTC symbol. There will never be consensus on abbreviations. We are still debating which system to use for naming fractions of a bitcoin.

[minero1]

This is silly to have as an exchange name.
I saw it and said "What is this new coin and where is the BTC at!?"
 

[BiTZeD]

i think XBT is bitcoinXT ,or im wrong, i didn't saw any XBT tag on exchanger that i've visited before

No it is not BitcoinXT. All the currencies usually have their ticker of three letters starting by X. BTC has been used by people because it is more nice-looking.

[DooMAD]

It's partially to do with ISO standards, but there's also the distinct possibility that the most vocal proponents of the XBT currency code have bought up a load of related domain names and would very much like for them to increase in value.  In a similar way to how "bitcoin" and "btc" related domain names tend to be quite valuable and sought after.  See http://xbt.net/ as an example:

XBT.net is for Sale
Inquire about this domain: domain@xbt.net

[Yakamoto]

No idea about a XBT. Sounds like bitcoin xt, but not really now if it is so.

IIRC XBT was supposed to be something to liken Bitcoin to Gold or Silver via similar stock market tickers, as gold is listed as XAU on most (if not all) exchanges.

I personally prefer just using something like BTC, since we have been using it for a long time now and there aren't any new forms of market ticker restrictions we have to fulfil.

[CryptoVzla]

I like BTC but i think that we need to take the XBT to "fit" in the financial terms (aka ISO 4217), remember, right now Bitcoin it's seemed like an asset or like an "supranational currency" like gold (XAU), silver (XAG) or the East Caribbean Dollar (XCD) used in 6 countries in the caribbean sea. Probably it's a 'way' to bring more bitcoin to the financial system.