Please support the new XBT bitcoin abbreviation

[8xbt.com]

XBT is a new abbreviation for bitcoin since 2014, maybe not many people know this by now, but it is design as an ISO standard, also many big site such as XE.com, bloomberg, cnn money, etc., use this abbreviation to display the bitcoin exchange rate. I just hope people can use the symbol XBT more frequently.

[MingLee]

I personally don't see why it matters, if it has something to do with a market listing then set it as XBT (I know of some exchanges that already use XBT for their listing), however it shouldn't matter beyond that. People talking on here probably have a good idea of what others are talking about regardless of what abbreviation they use.

Plus something 2 years old isn't really new, but that's just my opinion.

[botany]

XBT is a new abbreviation for bitcoin since 2014, maybe not many people know this by now, but it is design as an ISO standard, also many big site such as XE.com, bloomberg, cnn money, etc., use this abbreviation to display the bitcoin exchange rate. I just hope people can use the symbol XBT more frequently.

Some self-interest because your website is also named that way?   
That said, I think XBT is used on bloomberg as well. So it makes sense to popularize it.

[8xbt.com]

I personally don't see why it matters, if it has something to do with a market listing then set it as XBT (I know of some exchanges that already use XBT for their listing), however it shouldn't matter beyond that. People talking on here probably have a good idea of what others are talking about regardless of what abbreviation they use.

Plus something 2 years old isn't really new, but that's just my opinion.

'2 years' is definitely not a long period for bitcoin. Not many people aware of bitcoin before 2011.

[groll]

Thank you for that wonderful explanation. Now I learned something but I do not easily believe on things rather I will do some quick research about it later.  I thought it is a new altcoin.  Your username has it and I think you just wanted us to use that xbt for free promotion.  I still like to use Btc instead of that xbt.

[8xbt.com]

XBT is a new abbreviation for bitcoin since 2014, maybe not many people know this by now, but it is design as an ISO standard, also many big site such as XE.com, bloomberg, cnn money, etc., use this abbreviation to display the bitcoin exchange rate. I just hope people can use the symbol XBT more frequently.

Some self-interest because your website is also named that way?   
That said, I think XBT is used on bloomberg as well. So it makes sense to popularize it.

Thanks for your comment. It makes sense to make it more popular. My website just serves this purpose.

[8xbt.com]

Thank you for that wonderful explanation. Now I learned something but I do not easily believe on things rather I will do some quick research about it later.  I thought it is a new altcoin.  Your username has it and I think you just wanted us to use that xbt for free promotion.  I still like to use Btc instead of that xbt.

Thanks. I think these abbreviations can all co-exist. We can use btc, xbt, satoshi, bit, etc.

[ajaxmoor]

Still prefer BTC over XBT. Any reason why XBT was adopted by a lot of companies for official use ?

[8xbt.com]

Have a search on duckduckgo, when you type xbt, it shows up the exchange rate, but when you type btc, it still shows up the same xbt exchange rate, quite interesting.

[Kprawn]

The introduction of a new abbreviation for Bitcoin will just confuse a lot of people now. With all the Alt coins out there, people would think

that it is a Alt coin, and then they will not buy it. We have been using BTC for many years now, and there was nothing wrong with it.. why

change something, if it is working?

[BitcoinNewsMagazine]

Bitcoin will always be BTC to most of us.

[franky1]

most "wall street" exchanges dont hold bitcoins as bitcoin..
they hold it as "baskets" and trade shares of the baskets

and base the shares on the wallstret supply and demand value that supposedly is similar to the real bitcoin market.

emphasis: this is not true bitcoin market value, and so although XBT "kind of" meant to follow the btc price. wall street exchanges have their own price which can go up and down separately and unarbitraged between proper bitcoin deposit/withdrawal exchanges,

as i said XBT are trading ETF shares, not withdrawable bitcoins..
so it makes sense to keep XBT and btc separate so people know XBT is the ETF shares valuation of bitcoin. and btc is the withdrawable bitcoin valuation of bitcoin.

however. i have nothing against wall street promoting XBT as long as its made clear that people trading on wall street are not able to withdraw bitcoin because they are trading ETF shares of baskets instead.

[Senor.Bla]

BTC was an abbreviation that made sense, because it sounds right. but if you go by the ISO 4217 standards it does not anymore.
the first two letter indicate the nation and the third is mostly the first letter of the currency. USD (USA/Dollar) or AUD (Australia/Dollar) or GBP (GreatBritan/Pound).
an X at the beginning indicates that it does not belong to a nation. XAU for Gold, where AU is the symbol from the periodic table.
So for bitcoin XBC would make sense, but it is already taken, so XBT was made the suggestion.
using XBT would make it easier for the financial wold, but since bitcoin wants to change the financial world i think we can push for an exception and stay with the more common BTC.
it would not be the first exception. EUR is also one.

[xdrpx]

I've gotten so used to denoting and representing Bitcoins using BTC or Bits. Most of my wallets are configured to it as well. I think the only reason XBT would be a useful notation for representing Bitcoins is to denote that it's not a part of any country as 'X' represents a currency not belonging to any country just like gold is for XAU.

[European Central Bank]

if the world standard designates xbt then that's what it should be. what bitcoiners think should be irrelevant. we're not the rest of the world.

[MingLee]

I personally don't see why it matters, if it has something to do with a market listing then set it as XBT (I know of some exchanges that already use XBT for their listing), however it shouldn't matter beyond that. People talking on here probably have a good idea of what others are talking about regardless of what abbreviation they use.

Plus something 2 years old isn't really new, but that's just my opinion.

'2 years' is definitely not a long period for bitcoin. Not many people aware of bitcoin before 2011.

In Bitcoin, 2 years is a really long time. We've gone from $250 to $780 to $600 over the course of 2 years, and we have movements that would take decades in the normal markets. Even then, having an abbreviation for 2 years is still a decent period of time. The specific time period when people become more aware about Bitcoin doesn't really matter in this instance.

[8xbt.com]

I personally don't see why it matters, if it has something to do with a market listing then set it as XBT (I know of some exchanges that already use XBT for their listing), however it shouldn't matter beyond that. People talking on here probably have a good idea of what others are talking about regardless of what abbreviation they use.

Plus something 2 years old isn't really new, but that's just my opinion.

'2 years' is definitely not a long period for bitcoin. Not many people aware of bitcoin before 2011.

In Bitcoin, 2 years is a really long time. We've gone from $250 to $780 to $600 over the course of 2 years, and we have movements that would take decades in the normal markets. Even then, having an abbreviation for 2 years is still a decent period of time. The specific time period when people become more aware about Bitcoin doesn't really matter in this instance.

That $250 price period is special, as I remember it is at around $600 for a long time few months before that around $250. It is not ' building up' from that $250. Sometimes it can drop $150 in a day such as the bitfinex incident.

[rapazev]

should we support this simple because your website will benefit? if you want it, you should at least show us some good reason.. i know it is designed to be that way but the market embraced btc, so why change now?

[Yakamoto]

should we support this simple because your website will benefit? if you want it, you should at least show us some good reason.. i know it is designed to be that way but the market embraced btc, so why change now?

Personally I see it as a suspicious conflict of interest between him pushing this abbreviation that has been around since late 2013 (when I first heard of it) and he is now trying to publish XBT as a "new" abbreviation while also neatly tucking XBT into his site name, shown on his account.

I don't care about any abbreviation, and neither should you. The market can decide how it wants to abbreviate Bitcoin, and there isn't any reason to push an old market ticker listing as something new and fresh. It's quite stale.

[8xbt.com]

should we support this simple because your website will benefit? if you want it, you should at least show us some good reason.. i know it is designed to be that way but the market embraced btc, so why change now?

I just want to raise the awareness and have some discussion. It is free for what the market embrace.