XBT > BTC

[grondilu]

I like it.   Seems consistent with XAU (gold) and XAG (silver).  But I guess it makes sense, as these conform to this very ISO.

Notice that XBC is already taken for https://en.wikipedia.org/wiki/European_Unit_of_Account_9.  So XBT it will be.

[ArticMine]

My suggestion remains XBT for millibitcoin and keep BTC for bticoin. So 1 BTC = 1000 XBT

[camem]

snap. that venture capital chap thought valuations should go up by 30x if the sort of use cases an international currency code would merit came into being. (about 3 USD per mBTC)

time to make the jump now and apply for XBT to be a millibitcoin ?

(yes you could do satoshis too but seriously, when's the last time you divided something by 10^8?)

[Brushan]

My suggestion remains XBT for millibitcoin and keep BTC for bticoin. So 1 BTC = 1000 XBT

Great idea!

[Walter Rothbard]

XSatoshi

[oOoOo]

My suggestion remains XBT for millibitcoin and keep BTC for bticoin. So 1 BTC = 1000 XBT

XMB ??

[franky1]

i propose for the asset/trading investment of bitcoin to be
XBT

and for the currency version (thinking about far in the future when we will be doing daily transactions in satoshi's)
SAT

[oleganza]

Every Bitcoin user recognizes BTC as Bitcoin code. ISO reserves BT* for Bhutan, but Bhutan does not use BTC yet. When it will, that might be a problem for them, not for anyone around. I'm not offending anyone in Bhutan, it's just if I was in Bhutan and there were tons of people already putting particular meaning in BTC, I would think twice before using it for some currency project.

[jubalix]

In light of recent implementation of BTC prices on some sites such as CNBC, I think it's time we follow the ISO 4217 currency code standard in preparation of larger organizations.

Yes, there are a plethora of threads just like this one, one posted even last month and some 2 years ago. That doesn't change the fact that it's an important topic that needs attention.

This standard is created by the International Organization for Standardization and is published as a list of standard currency codes referred to as the ISO 4217 code list.

Currency codes are composed of a country's two-character Internet country code plus a third character denoting the currency unit. For example, the Canadian Dollar code (CAD) is made up of Canada's Internet code ("CA") plus a currency designator ("D").

In the event a code is not sponsored by a government or country in specific (Bitcoin), it is preceded with an "X". If Bitcoin is ever to be added to the ISO 4217 currency code list, it is the belief of many including myself, that this will happen as XBC or XBT (edit: XBC being unlikely since the EU has used it to refer to a bond). To facilitate this transition, from this day forward I will be referring to bitcoin as either XBC or XBT in all of my projects, writings, and work. I ask that those interested in the standardization and mainstream adoption of Bitcoin do the same, or in the very least explore and share their opinions on what we can do to make the code more standardized.

I really really don't care if they don't call it anything....you have it wrong.....their currencies will likley be defunct in 15 -20 it years or a remnant of a bygone age.....seriously its like you want to be ruled.....over by some insignificant organization

[Hei_]

0100110001100101011101000010011101110011001000000111010101110011011001010010000 0010110000100001001000011001011100010000001010100011010000110100101110011001000 0001101001011100110010000001110100011011110110111100100000011010000110000101110 0100110010000100000011101000110111100100000011100100110010101100001011001000010 1110

0010101100110001

+2

[Matthew N. Wright]

their currencies will lkiely be defunct in 15 -20 it years or a remnant of a bygone age.....

[solex]

Every Bitcoin user recognizes BTC as Bitcoin code. ISO reserves BT* for Bhutan, but Bhutan does not use BTC yet. When it will, that might be a problem for them, not for anyone around. I'm not offending anyone in Bhutan, it's just if I was in Bhutan and there were tons of people already putting particular meaning in BTC, I would think twice before using it for some currency project.

The minor currency in Bhutan is called the chhertum which means they may already use BTC for this internally. They have every right to.

Bitcoin is a global currency, which is what the X-codes are for. So XBT is the best choice, as XBC has been used by the European central bank.
BTC is fine for informal use, just as many computer systems hold YEN instead of JPY.  Not having an ISO code is a monumental handicap for Bitcoin.

[Matthew N. Wright]

The minor currency in Bhutan is called the chhertum which means they may already use BTC for this internally. They have every right to.

Bitcoin is a global currency, which is what the X-codes are for. So XBT is the best choice, as the XBC has been used by the European central bank.
BTC is fine for informal use, just as many computer systems hold YEN instead of JPY.  Not having an ISO code is a monumental handicap for Bitcoin.

Thank you for contributing to this thread. I liked yours a lot!  


As for the argument people are making to making a symbol for the ISO will somehow:

• harm bitcoin
• subject it to government reptilian control
• ruin their domain naming scheme

All I can say is, KRW is never referred to here in Korea as KRW-- it's called WON and the only time you see KRW is when dealing with transactions to other countries, their currencies, etc.

ISO 4217 is a reference table for everyone to know what something is called when they're talking about it so that they are all on the page and can have confidence that it won't be misunderstood. Any argument against making things simpler for everyone in the world is one of cultist paranoia, and the person arguing so might as well extend their argument to speaking in tongues throughout their work day. Afterall, who cares if anyone understands a single word you're saying? Standards are for pussies! From this moment on, all the words I use in the standardized English language will have new made-up meanings by me, because bitcoin.

[solex]

Thank you Matthew for picking up the baton!

I sent an email to SIX standards about a month ago, but no reply, which is par for the course with them.
I also sent an inquiry to Peter and Lindsay at the Bitcoin Foundation to ask if they were making any representation to SIX and whether they wanted any help with that, but no replies yet either. However, Bitcoin has done its merry price dance since then, so maybe they are distracted.

Edit:
Precious metals have X-codes, which includes palladium, XPD. The world reserves are about 1,000 million ounces. This is worth about $7 billion. Bitcoin's monetary base is about $1.4 billion. I think that once it closes in on the value of the palladium stockpile, then it will be untenable for an official ISO code to be withheld.

http://palladium-bar.blogspot.co.nz/2007/09/palladium-reserves-and-palladium.html

[Matthew N. Wright]

Thank you Matthew for picking up the baton!

I sent an email to SIX standards about a month ago, but no reply, which is par for the course with them.
I also sent an inquiry to Peter and Lindsay at the Bitcoin Foundation to ask if they were making any representation to SIX and whether they wanted any help with that, but no replies yet either. However, Bitcoin has done its merry price dance since then, so maybe they are distracted.

Yes, well, let's try not to give the Bitcoin Foundation any power they don't deserve. I registered the Bitcoin Association of Korea afterall, I can email them with just the same amount of furious backing and authority to act on behalf of bitcoin --- none whatsoever.

As for needing evidence for the ISO to take it seriously, FinCEN's various rulings could be used to our advantage building the case for legitimacy.

[jubalix]

0100110001100101011101000010011101110011001000000111010101110011011001010010000 0010110000100001001000011001011100010000001010100011010000110100101110011001000 0001101001011100110010000001110100011011110110111100100000011010000110000101110 0100110010000100000011101000110111100100000011100100110010101100001011001000010 1110

6e 6f 70 65 2e 6a 70 67

[the founder]

Unfortunately, that's not a property people look for in a currency. The reaction to Bitcoin's volatility should be evidence of that.

Volatile Gold Down $60  

http://www.nasdaq.com/article/gold-massacre-gold-down-60-cm236691#.UXFCc0rnEVA

Currency Code for Gold :  XAU

As for needing evidence for the ISO to take it seriously, FinCEN's various rulings could be used to our advantage building the case for legitimacy.

I agree.

[yona]

How about we use XXX, that would make an impact...

[Walter Rothbard]

How about we use XXX, that would make an impact...

I like it!

Alternatively, how about three animated pseudo-kanji characters, moving from top to bottom on a black background?  I think that would be appropriate.

[Matthew N. Wright]

How about we use XXX, that would make an impact...

Already taken.