Post
Topic
Board Bitcoin Discussion
Re: Is there a difference of opinions at Bitcoin Foundation regarding XBT proposal?
by
Biodom
on 21/10/2014, 21:12:43 UTC

Non-mathematicians have difficulty picturing sums like 0.00014321 BTC, which would be 143.21 XBT if XBT=100 satoshi(s)
The transition would be even more seamless because people already started thinking in bits. If 1XBT=1bit=100 satoshi, it would all make sense.

I see your point, but agree with R2D221 and Jon Matonis. Don't know whether 'catastrophic' is the right word, but it would create too much confusion.

As per your example, from the small/medium business or even customer's perspective, you'll be more likely dealing with amounts ranging say between BTC0.01 to BTC100 rather than BTC0.00014321. A few examples:

BTC99.15 = XBT99150000
BTC1.456 = XBT1456000
BTC0.025 = XBT25000

To me, that doesn't look much better than 0.00014321, does it?

Why would it be a problem? right now yen is ~1:100 of the dollar, so I presume movie ticket cost 1000-2000 yen, so btc 0.025 ($10)=25000 XBT would be no problem.
people will just say "thou"-in your last example-25 thou or 25k bits