Post
Topic
Board Bitcoin Discussion
Re: Start Using mBTC as Standard Denomination?
by
grau
on 31/05/2013, 14:57:45 UTC
I like that idea a lot. If it were up to me I think I'd go with it, BUT how would that change the public's perception?

People new to Bitcoin will like it from the beginning since it is closer to what they are used to.

It is rather the old Bitcoiners who have to finally get it, that this would help adoption and is actually a must if you were to store Bitcoins in a database or system shared with other currencies.



Can you explain how it's a must?
Virtually none of the existing finance applications or databases storing currency support a precision more than two decimal digits. All finance applications use three capital letter ISO currency codes (mBTC is 4 and mixed case).

You want to store and process Bitcoin where the other currencies are, then it is a must.

Here again a reasoning in more detail: https://bitcointalk.org/index.php?topic=220761.msg2326526#msg2326526