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Updated Comments:BIP 0176 (markdown)

Erik 2017-12-23 18:32:07 -05:00
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Comments:BIP-0176.md

@ -18,3 +18,6 @@ Why not use microbits instead of bits? That way it corresponds to the [standardi
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. 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? 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?
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I agree bits is not the best name and could lead to confusion given existence of mBits which I have seen in various wallets. If you don’t like the way micro bits sounds why not come up with new name for them like microns. I think this would be pretty intuitive for people realize that you get a micron by shifting the decimal 3 more places from a milli bit.