Bitcoin XBT - Exodus from BTC to XBT?

solex

legendary

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100 satoshis -> ISO code

Quote from: wnetwork on December 13, 2013, 10:31:41 PM

Seeing that there is few comments or interests here, changing to XBT isn't happening. Everywhere I go, I see BTC.

BTC is fine as an informal code for use in print, webpages, consumer/user display info. This won't go away.

XBT is required for professional terminology, background intersystem communication, Bitcoin represented within existing accounting/financial systems.

wnetwork

newbie

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Seeing that there is few comments or interests here, changing to XBT isn't happening. Everywhere I go, I see BTC.

Meni Rosenfeld

donator

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Merit: 1054

Quote from: monsterer on November 27, 2013, 04:40:13 PM

Nope, XBT is confusing as hell; the last thing we need is a name change.

Why isn't USD, XUS? Or GBP XGB?

ISO or not, BTC is the right three letter abbreviation for the currency.

USD is issued by the US.
GBP is issued by GB.
Bitcoin is not issued by Bhutan.

That said see my comment above, XBT will be the ISO code but I believe BTC will still be used.

crazy_rabbit

legendary

Activity: 1204

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RUM AND CARROTS: A PIRATE LIFE FOR ME

Quote from: monsterer on November 27, 2013, 04:40:13 PM

Nope, XBT is confusing as hell; the last thing we need is a name change.

Why isn't USD, XUS? Or GBP XGB?

ISO or not, BTC is the right three letter abbreviation for the currency.

Too late. It's going to be XBT regardless of what people think now.

monsterer

legendary

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Nope, XBT is confusing as hell; the last thing we need is a name change.

Why isn't USD, XUS? Or GBP XGB?

ISO or not, BTC is the right three letter abbreviation for the currency.

GigaCoin

sr. member

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Merit: 251

Giga

i fully support xbt as the standard and i think we should transition to this new term, starting in this forum.

crescendo

newbie

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you have first to edit the section of history, then proceed forward.

solex

legendary

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100 satoshis -> ISO code

Quote from: Meni Rosenfeld on September 22, 2013, 05:07:51 AM

Quote from: solex on September 22, 2013, 05:00:57 AM

It says proposed ISO code for Bitcoin.

It says "proposed" because I edited it to say "proposed".

If you looked at the edit history you'd see that before I got there it said "The ISO 4217 standard currency code for Bitcoin".

Ah, OK. Then you did exactly the right thing. Good spot.
In fact it should be merged with the first line which has the XBT/USD example.

Meni Rosenfeld

donator

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Quote from: solex on September 22, 2013, 05:00:57 AM

It says proposed ISO code for Bitcoin.

It says "proposed" because I edited it to say "proposed".

If you looked at the edit history you'd see that before I got there it said "The ISO 4217 standard currency code for Bitcoin".

solex

legendary

Activity: 1078

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100 satoshis -> ISO code

Quote from: Meni Rosenfeld on September 22, 2013, 04:56:32 AM

Quote from: TheButterZone on September 22, 2013, 04:24:11 AM

XBT http://en.wikipedia.org/wiki/XBT

Someone added an entry there that XBT is the ISO currency code for Bitcoin. Did this really happen? Or are we going to see the "Bitcoin is now a bank in Europe" story all over again?

It's bad enough when clueless reporters misinterpret news and spread FUD, but when we do it ourselves it's worse.

It says proposed ISO code for Bitcoin.

BTC is an informal code, so is XBT at present. No disinformation there.

I checked the Bitcoin article itself, and XBT has reference 5, the usage seen on xe.com
http://www.xe.com/currency/xbt-bitcoin

Meni Rosenfeld

donator

Activity: 2058

Merit: 1054

Quote from: TheButterZone on September 22, 2013, 04:24:11 AM

XBT http://en.wikipedia.org/wiki/XBT

Someone added an entry there that XBT is the ISO currency code for Bitcoin. Did this really happen? Or are we going to see the "Bitcoin is now a bank in Europe" story all over again?

It's bad enough when clueless reporters misinterpret news and spread FUD, but when we do it ourselves it's worse.

TheButterZone

legendary

Activity: 3038

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RIP Mommy

XAG http://en.wikipedia.org/wiki/XAG
XAU http://en.wikipedia.org/wiki/XAU
XBT http://en.wikipedia.org/wiki/XBT

becoin

legendary

Activity: 3431

Merit: 1233

Quote from: ?? on ??

Quote from: p2pbucks on September 21, 2013, 06:00:52 PM

XBT ... WTF Grin

what's letter X stand for ?
why we should follow bloomberg's rules ?

X means no country. Shows it is not govt fiat.

X means it is not a currency.

p2pbucks

hero member

Activity: 642

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Evolution is the only way to survive

XBT ... WTF Grin

what's letter X stand for ?
why we should follow bloomberg's rules ?

Meni Rosenfeld

donator

Activity: 2058

Merit: 1054

Just to make sure I'm not missing anything... Are there actually any "news" in http://www.coindesk.com/bitcoin-gaining-market-based-legitimacy-xbt/? I just see that they mention a few places are using XBT, not that anything official happened...

Quote from: ?? on ??

the BT in BTC means Bhutan. BTC will over time be used less and less as we adapt to the international standard.

The ISO currency code for the New Israeli Shekel is ILS, though NIS is more commonly used. I expect something similar will happen with BTC.

2048-bit

newbie

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What is the XBT abbreviation derived from?

SpeculateThis

newbie

Activity: 50

Merit: 0

Quote from: becoin on September 20, 2013, 04:12:26 PM

Quote from: SpeculateThis on September 20, 2013, 12:13:06 PM

I assume most of you have read the article below, or are at least aware of the "XBT" currency code news by now.

http://www.coindesk.com/bitcoin-gaining-market-based-legitimacy-xbt/

So I'm wondering if "BTC" will stick around, or people and bitcoin-businesses will adopt "XBT"?

Thoughts?

Why do you think it is a good news for Bitcoin? IMO good news would have been if BTC was accepted, not XBT.

I'm not saying it's neither good nor bad.

I bring up the point as an objective question. I haven't found much discussion on the communities' thoughts about it. Yeah, there are some threads on the idea, but they are just filled with bickering on whether or not the currency code should be implemented. I'd like to know what people think about it after the fact.

becoin

legendary

Activity: 3431

Merit: 1233

Quote from: SpeculateThis on September 20, 2013, 12:13:06 PM

I assume most of you have read the article below, or are at least aware of the "XBT" currency code news by now.

http://www.coindesk.com/bitcoin-gaining-market-based-legitimacy-xbt/

So I'm wondering if "BTC" will stick around, or people and bitcoin-businesses will adopt "XBT"?

Thoughts?

Why do you think it is a good news for Bitcoin? IMO good news would have been if BTC was accepted, not XBT.

tgerring

full member

Activity: 142

Merit: 100

Hive/Ethereum

Quote from: SpeculateThis on September 20, 2013, 12:13:06 PM

I assume most of you have read the article below, or are at least aware of the "XBT" currency code news by now.

http://www.coindesk.com/bitcoin-gaining-market-based-legitimacy-xbt/

So I'm wondering if "BTC" will stick around, or people and bitcoin-businesses will adopt "XBT"?

Thoughts?

Both

SpeculateThis

newbie

Activity: 50

Merit: 0

I assume most of you have read the article below, or are at least aware of the "XBT" currency code news by now.

http://www.coindesk.com/bitcoin-gaining-market-based-legitimacy-xbt/

So I'm wondering if "BTC" will stick around, or people and bitcoin-businesses will adopt "XBT"?

Thoughts?

Topic: Bitcoin XBT - Exodus from BTC to XBT? (Read 3325 times)