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tgerring
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Hive/Ethereum
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September 20, 2013, 06:38:21 PM |
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becoin
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September 20, 2013, 09:12:26 PM |
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Why do you think it is a good news for Bitcoin? IMO good news would have been if BTC was accepted, not XBT. |
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SpeculateThis (OP)
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September 20, 2013, 09:42:07 PM |
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Why do you think it is a good news for Bitcoin? IMO good news would have been if BTC was accepted, not XBT. I'm not saying it's neither good nor bad. I bring up the point as an objective question. I haven't found much discussion on the communities' thoughts about it. Yeah, there are some threads on the idea, but they are just filled with bickering on whether or not the currency code should be implemented. I'd like to know what people think about it after the fact. |
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2048-bit
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September 20, 2013, 09:44:00 PM |
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What is the XBT abbreviation derived from?
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Meni Rosenfeld
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September 21, 2013, 05:48:45 PM
Last edit: September 21, 2013, 06:02:00 PM by Meni Rosenfeld |
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Just to make sure I'm not missing anything... Are there actually any "news" in http://www.coindesk.com/bitcoin-gaining-market-based-legitimacy-xbt/? I just see that they mention a few places are using XBT, not that anything official happened... the BT in BTC means Bhutan. BTC will over time be used less and less as we adapt to the international standard.
The ISO currency code for the New Israeli Shekel is ILS, though NIS is more commonly used. I expect something similar will happen with BTC. |
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p2pbucks
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September 21, 2013, 11:00:52 PM |
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XBT ... WTF  what's letter X stand for ? why we should follow bloomberg's rules ? |
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becoin
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September 22, 2013, 05:58:10 AM |
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XBT ... WTF what's letter X stand for ? why we should follow bloomberg's rules ? X means no country. Shows it is not govt fiat. X means it is not a currency. |
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TheButterZone
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RIP Mommy
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September 22, 2013, 09:24:11 AM |
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Saying that you don't trust someone because of their behavior is completely valid.
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Meni Rosenfeld
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September 22, 2013, 09:56:32 AM |
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Someone added an entry there that XBT is the ISO currency code for Bitcoin. Did this really happen? Or are we going to see the "Bitcoin is now a bank in Europe" story all over again? It's bad enough when clueless reporters misinterpret news and spread FUD, but when we do it ourselves it's worse. |
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solex
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100 satoshis -> ISO code
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September 22, 2013, 10:00:57 AM |
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Someone added an entry there that XBT is the ISO currency code for Bitcoin. Did this really happen? Or are we going to see the "Bitcoin is now a bank in Europe" story all over again? It's bad enough when clueless reporters misinterpret news and spread FUD, but when we do it ourselves it's worse. It says proposed ISO code for Bitcoin. BTC is an informal code, so is XBT at present. No disinformation there. I checked the Bitcoin article itself, and XBT has reference 5, the usage seen on xe.com http://www.xe.com/currency/xbt-bitcoin |
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Meni Rosenfeld
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September 22, 2013, 10:07:51 AM |
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It says proposed ISO code for Bitcoin.
It says "proposed" because I edited it to say "proposed". If you looked at the edit history you'd see that before I got there it said "The ISO 4217 standard currency code for Bitcoin". |
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solex
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100 satoshis -> ISO code
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September 22, 2013, 10:12:07 AM |
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It says proposed ISO code for Bitcoin.
It says "proposed" because I edited it to say "proposed". If you looked at the edit history you'd see that before I got there it said "The ISO 4217 standard currency code for Bitcoin". Ah, OK. Then you did exactly the right thing. Good spot. In fact it should be merged with the first line which has the XBT/USD example. |
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crescendo
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September 23, 2013, 08:56:55 AM |
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you have first to edit the section of history, then proceed forward.
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GigaCoin
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Giga
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November 27, 2013, 09:24:37 PM |
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i fully support xbt as the standard and i think we should transition to this new term, starting in this forum.
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monsterer
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November 27, 2013, 09:40:13 PM |
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Nope, XBT is confusing as hell; the last thing we need is a name change.
Why isn't USD, XUS? Or GBP XGB?
ISO or not, BTC is the right three letter abbreviation for the currency.
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crazy_rabbit
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RUM AND CARROTS: A PIRATE LIFE FOR ME
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November 27, 2013, 10:44:24 PM |
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Nope, XBT is confusing as hell; the last thing we need is a name change.
Why isn't USD, XUS? Or GBP XGB?
ISO or not, BTC is the right three letter abbreviation for the currency.
Too late. It's going to be XBT regardless of what people think now. |
more or less retired.
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Meni Rosenfeld
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November 27, 2013, 11:03:03 PM |
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Nope, XBT is confusing as hell; the last thing we need is a name change.
Why isn't USD, XUS? Or GBP XGB?
ISO or not, BTC is the right three letter abbreviation for the currency.
USD is issued by the US. GBP is issued by GB. Bitcoin is not issued by Bhutan. That said see my comment above, XBT will be the ISO code but I believe BTC will still be used. |
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wnetwork
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December 14, 2013, 03:31:41 AM |
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Seeing that there is few comments or interests here, changing to XBT isn't happening. Everywhere I go, I see BTC.
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solex
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100 satoshis -> ISO code
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December 14, 2013, 06:06:42 AM |
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Seeing that there is few comments or interests here, changing to XBT isn't happening. Everywhere I go, I see BTC.
BTC is fine as an informal code for use in print, webpages, consumer/user display info. This won't go away. XBT is required for professional terminology, background intersystem communication, Bitcoin represented within existing accounting/financial systems. |
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