BTC - XBT / mBTC - Choosing a better trade unit

[btcusr]

May be, XBT can be pushed down to 1 satoshi.

There are currency codes with no minor units like, cents, etc.

http://www.currency-iso.org/dam/downloads/dl_iso_table_a1.xls

I think this is so important to Bitcoin ecosystem. What's happening? Could somebody please update.

[tutkarz]

all i have to say we should find a solution that will solve this problem once for all and the sooner the better.

[btcusr]

There's already been a change.org petition,

http://www.change.org/petitions/six-interbank-clearing-include-a-symbol-for-bitcoin-in-iso-4217

I'm not sure this would help, yet I signed it.

Anyone believing in, please proceed and sign.

[solex]

May be, XBT can be pushed down to 1 satoshi.

There are currency codes with no minor units like, cents, etc.

http://www.currency-iso.org/dam/downloads/dl_iso_table_a1.xls

I think this is so important to Bitcoin ecosystem. What's happening? Could somebody please update.

1 XBT = 100 satoshi is definitely the answer to get Bitcoin supportable by any financial system. It also leaves BTC as the main code. 1 BTC = 1 million XBT.

Indeed, it is important, but the standards people have rejected an application in 2012 with the following:

"1. The currency code is not linked to any country code.
2. The currency code is considered a 'private currency' and not used for
tender in any country.
3. There will be no international payments denominated in Bitcoin
therefore an ISO currency code for the Bitcoin is not applicable.
4. The Institution responsible for the Bitcoin does not appear to be
recognized internationally or have any official status. Neither Reuters
or Bloomberg provides market data related to its use. "

https://bitcointalk.org/index.php?topic=123600.msg1327579#msg1327579

It was necessary to address each point with a constructive rebuttal. This was done, but no reply came back.
A petition has also been running. http://www.change.org/petitions/six-interbank-clearing-include-a-symbol-for-bitcoin-in-iso-4217

[btcusr]

May be this XBT usage can be pushed to exchanges easily..

Btc foundation org is not so active.

Sometimes I wonder what they actually do. 

[btcusr]

And, to Bitcoin wallets, clients and other services..

[tutkarz]

i think 1XBT=100satoshi is better for few reasons
- it looks better, for example 0.0375 btc = 3,750,000 XBT or 37,500 XBT (1 XBT  = 1 or 100 satoshi) and this is worth around $4.5
- 1 satoshi already has name, so its logical to add new name to new entity, 100 satoshi in this case

i changed my game to reflect changes so you can see the difference btctreasure.com to me XBT notation is much better

[grau]

i changed my game to reflect changes so you can see the difference btctreasure.com to me XBT notation is much better

+1 thats how it gets traction.
All my example programs use XBT.

[btcusr]

i changed my game to reflect changes so you can see the difference btctreasure.com to me XBT notation is much better

+1 thats how it gets traction.
All my example programs use XBT.

Great. I'll try to push it to wallets..

[btcusr]

Bitcoin-wallet,

https://code.google.com/p/bitcoin-wallet/issues/detail?id=186

[grau]

Bitcoin-wallet,

https://code.google.com/p/bitcoin-wallet/issues/detail?id=186

The BOP clone of BitcoinSpinner Android Wallet is already using XBT.

https://github.com/bitsofproof/bop-bitcoinspinner

[btcusr]

Communicated to BTXTrader thread, and corresponding team. 

https://bitcointalk.org/index.php?topic=208102.new#new

help@btxtrader.com

[btcusr]

Communicated to FYB-SG (singapore) exchange. @nagato.

[btcusr]

communicating to these top 10 sites...

http://www.forbes.com/sites/jonmatonis/2013/05/24/top-10-bitcoin-merchant-sites/

[btcusr]

communicated to wordpress.org / Matt.

may be Matt wouldn't have time to read my messages.

still, it is just a try.


--

Hi Matt, Thanks for accepting bitcoin payments for wordpress.

Bitcoin forum (bitcointalk.org) is pushing for standard ISO currency code, XBT adoption. Hope wordpress starts using new currency code XBT, along with current unit of bitcoin currency BTC.

New unit will be like, 1 BTC = 1 million XBT.

change.org petition is here, http://www.change.org/en-GB/petitions/six-interbank-clearing-include-a-symbol-for-bitcoin-in-iso-4217

Many Thanks.

[btcusr]

Communicated to thepiratebay.se/contact

---

Hi, Thanks for accepting bitcoin payments for, thepiratebay.

Bitcoin forum (bitcointalk.org) is pushing for standard ISO currency code, XBT adoption. Hope thepiratebay starts using new currency code XBT, along with current unit of bitcoin currency BTC.

New unit will be like, 1 BTC = 1 million XBT.

change.org petition is here, http://www.change.org/en-GB/petitions/six-interbank-clearing-include-a-symbol-for-bitcoin-in-iso-4217

Many Thanks.

[btcusr]

voted up reddit post,

http://www.reddit.com/r/Bitcoin/comments/1c4c0f/bitcoin_needs_your_help_to_get_the_iso_code_xbt/

created a new post, with change.org link,

http://www.reddit.com/r/Bitcoin/comments/1fp6yy/xbt_iso_standard_currency_code_adoption_please/

(this is not the same as communicating to reddit payments team, so this one is pending.)

[btcusr]

Posted to Google plus Bitcoin community.

https://plus.google.com/103965075891217393092/posts/gV3dwocGbBn

[btcusr]

Communicated to btcedproject.org

Charles and Brian.

[btcusr]

Communicated to bitcoinfoundation.org members.

peter, jon, mark, gavin, charlie, patric and lindsay.

Hope I am not spamming.