Bitcoin Forum
December 05, 2016, 10:43:49 AM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Let us switch to milli and micro bits  (Read 1035 times)
J180
Full Member
***
Offline Offline

Activity: 122


View Profile
July 21, 2011, 04:54:16 PM
 #1

Ie. If you have 2.31B, you would switch it in the menu to get 2310mB, or 2310000 uB. It makes it easier to talk about prices when there isn't a decimal place.
1480934629
Hero Member
*
Offline Offline

Posts: 1480934629

View Profile Personal Message (Offline)

Ignore
1480934629
Reply with quote  #2

1480934629
Report to moderator
1480934629
Hero Member
*
Offline Offline

Posts: 1480934629

View Profile Personal Message (Offline)

Ignore
1480934629
Reply with quote  #2

1480934629
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1480934629
Hero Member
*
Offline Offline

Posts: 1480934629

View Profile Personal Message (Offline)

Ignore
1480934629
Reply with quote  #2

1480934629
Report to moderator
1480934629
Hero Member
*
Offline Offline

Posts: 1480934629

View Profile Personal Message (Offline)

Ignore
1480934629
Reply with quote  #2

1480934629
Report to moderator
nafai
Member
**
Offline Offline

Activity: 112



View Profile
July 21, 2011, 05:15:05 PM
 #2

Some places already do this. Betco.in uses "bitcents" as chips, 1 chip = 0.01 BTC. So the .01/.02 tables actually have btc blinds of .0001 and .0002.

My point is, you can already do this in your application or in your dealings with other people if you want. Just like in the store the price for something might be $0.50 or it might be 50 cents, it's the same thing. It's the person who makes the tags who makes the choice of how to display the price.

Likewise, I could tell you I got a $2000 tax refund this year (I wish lol) or I got a $2k tax refund. It's the same thing. It's the choice of the market participants to use whatever they want. No need to make anything "official".

Of course, eventually there will be a need for bitcoins to be divisible beyond 8 decimal places. This may not happen until miners only get transaction fees and the block reward itself is zero, but eventually it will happen if bitcoin persists.  When they need to add more decimal precision to the system/official client, that might be a good time to consider moving the decimal point...

1HQiS9PLHPcoQMgN8ZdcGwhoMHWh2Hp37p
J180
Full Member
***
Offline Offline

Activity: 122


View Profile
July 22, 2011, 11:42:33 AM
 #3

Some places already do this. Betco.in uses "bitcents" as chips, 1 chip = 0.01 BTC. So the .01/.02 tables actually have btc blinds of .0001 and .0002.

My point is, you can already do this in your application or in your dealings with other people if you want. Just like in the store the price for something might be $0.50 or it might be 50 cents, it's the same thing. It's the person who makes the tags who makes the choice of how to display the price.

Likewise, I could tell you I got a $2000 tax refund this year (I wish lol) or I got a $2k tax refund. It's the same thing. It's the choice of the market participants to use whatever they want. No need to make anything "official".

Of course, eventually there will be a need for bitcoins to be divisible beyond 8 decimal places. This may not happen until miners only get transaction fees and the block reward itself is zero, but eventually it will happen if bitcoin persists.  When they need to add more decimal precision to the system/official client, that might be a good time to consider moving the decimal point...

I'm not asking to make an official proclamation. Just for the client to allow us to change how it's displayed.
vermorel
Newbie
*
Offline Offline

Activity: 14


View Profile WWW
July 22, 2011, 02:35:29 PM
 #4

I second the idea of mBTC and uBTC, though of the same thing on my side actually.
wumpus
Hero Member
*****
qt
Offline Offline

Activity: 798

No Maps for These Territories


View Profile
July 22, 2011, 04:32:54 PM
 #5

I'm thinking of making this configurable in my client, so people can choose for themselves whether they want their prices in BTC, uBTC, uBTC, etc. I have already explicitly marked all places where prices are shown with "BTC".

Bitcoin Core developer [PGP] Warning: For most, coin loss is a larger risk than coin theft. A disk can die any time. Regularly back up your wallet through FileBackup Wallet to an external storage or the (encrypted!) cloud. Use a separate offline wallet for storing larger amounts.
cbeast
Donator
Legendary
*
Offline Offline

Activity: 1722

Let's talk governance, lipstick, and pigs.


View Profile
July 23, 2011, 03:55:44 PM
 #6

I like the idea of naming the decimal places after rainbow colors ROYGBIV, or maybe after the Brady Bunch family (minus Alice cuz she's the maid) =p

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!