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additional thoughts

sandervandenberg 2017-12-23 21:36:54 +01:00
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Comments:BIP-0176.md

@ -12,3 +12,9 @@ Why not use microbits instead of bits? That way it corresponds to the [standardi
1 millibit = 1/1000 BTC, could also be written as mbit or mBTC
1 microbit = 1/1000000 BTC, could also be written as μbit or μBTC
[edit: sorry, missed the line about micro-bitcoin in the Rationale]
As a shorthand version of micro-bitcoin, "bits" could work, but may be confusing for newcomers, because it goes against the standardized SI prefixes. If Bitcoin goes to USD 1,000,000 then 1 bit would be $100 and 1 mBTC/mbit would be $100,000. To me that would be confusing.
Maybe we should not use bits/millibits/microbits in writing, and only use them in speech. Then the mBTC and μBTC could be made to be the official ways to write them?