Quote from: Ares on May 24, 2013, 01:55:55 AM

Quote from: hahahafr on May 24, 2013, 01:54:14 AM

What the fuck is wrong with BTC?

Quote from: Peter Lambert on July 15, 2011, 01:13:03 PM

The ISO 4217 currency codes are an international standard way to refer to currencies. They consist of three letters, written all caps. For currencies issued by nations, the first two letters are a code for the country, and the third letter represents the currency issued. Example national currencies are the USD (United States, Dollar), GBP (Great Britain, Pound), or JPY (Japan, Yen). Non-national currencies are designated by an X (no nation) followed by a two letter code. This can be precious metals, such as XAG (Silver), XAU (Gold), or XPT (Platinum). It can also be international currencies, such as XAF (African Francs), or XCD (East Caribbean Dollars).

Many people have been using the code BTC for bitcoins, which is clearly wrong. There exists a currency BTN (Bhutan, Ngultrum); BT is the country code for Bhutan. BTC, by the code rules, stands for Bhutan Colones, or Bhutan Crunchies, or Bhutan Calafragilistics. BTC is not Bitcoins.

The rules are pretty clear. Bitcoins are not issued by a nation state, so the code should start with X. BitCoins is comprised of two words, so we can abbreviate that BC. So we should use, and ask for international recognition of, XBC. XBC = (Non-national currency) BitCoins.

This code is for use anywhere the official international codes are used. Exchanges should adopt this code immediately, and stop using BTC. For example, "The current exchange rate is 14.15 USD/XBC." Or "Please send payment of 456.78978466 XBC to the following address."

That being said, in an informal setting you can still use the abbreviation "btc" or "Btc" (lower case, to avoid confusion). I realize this is an uphill battle for implementation since the incorrect use of BTC is spread through the entire bitcoin community, but we need to change this NOW while the community is still small rather than later.

If bitcoins do well, in the future we may have very small prices for items and people will want to use millibitcoins or microbitcoins for convenience. (Reminder: 1 satoshi is 0.01 microbitcoin.) I propose using the terms mBC for millibitcoins and µBC for microbitcoins (use uBC if you can't type µ (mu)).

IN SUMMARY: Everybody, please stop using the abbreviation BTC and pretending it is a good international abbreviation, and start using XBC to refer to bitcoins.

EDIT: As was pointed out later in the thread, XBC is already claimed, so I am supporting XBT instead.
https://bitcointalk.org/index.php?action=post;quote=365979;topic=29061.0;num_DO NOT POST SESC LINKS

Europe is not a country, nor is the Euro-zone, yet we have EUR and not XER or XEU.

I don't support XBT. BTC is full of sense.