Post
Topic
Board Bitcoin Discussion
Re: Gavin Andresen Proposes Bitcoin Hard Fork to Address Network Scalability
by
Cryddit
on 22/10/2014, 19:08:04 UTC

As a serious answer, I was giving a history lesson on what the correct notation is before it was bastardized by other organizations not too long ago. There isn't any room to argue on this as it is historically accurate.


http://www.accountingcoach.com/blog/what-does-m-and-mm-stand-for

http://english.stackexchange.com/questions/181917/mixing-use-of-k-for-thousands-and-mm-for-millions

http://www.bankersonline.com/forum/ubbthreads.php?ubb=showflat&Number=94526


Interesting.  I had no idea, and I've BEEN working with financial data. 

Pretty much everything I've seen has used SI prefixes here in the US.  On the (rare) occasions where I've seen 'M' used to mean thousands I've briefly wondered whether it was a typo or a deliberate misstatement, but since the truth was clear enough for other reasons in those particular documents, never pursued it.

Anyway, I'm sticking with SI prefixes in everything I write.  It's the nearly-universal standard now and the sooner everybody stops using everything else the less confusion we'll have.  But now that I know some people have learned an obsolete system that will cause them to misinterpret SI prefixes, I'll at least make a footnote that says so.