Topic: is it official? (Read 2631 times)
I'm not sure if I like XBT. Can't seem to put my finger on why...
Thanks a lot to litecoinguy who posted the link to the external article that presumably the OP was referring to implicitly. I agree that given the rules of the currency monikers, bitcoin's would have to start with an X since it's not tied to any nation. But yeah, folks who are worried that this would make the use of BTC go away can relax. Remember. the nice thing about standards is that there are so many to choose from 
IMO, the coindesk blog post makes a compelling case for XBT. BTC cannot be the ISO moniker for Bitcoin, so there's no sense in pushing for it. Just because XBT may become the ISO standard name for Bitcoin doesn't mean everyone has to use it all the time. Do cashiers routinely state the total price in "USD"? No.
Official as in approved by ISO, no.
Likely to become official, yes.
BTC is out of the game because non-country codes can only start with an X.
Therefore, currently running candidates are XBT and XBI with rare mentions of others. Before you suggest XBC, it's already taken by European Union (though not in active use any more). Trust me, once you get used to it, XBT sounds quite powerful, definitely more so than XBI.
Likely to become official, yes.
BTC is out of the game because non-country codes can only start with an X.
Therefore, currently running candidates are XBT and XBI with rare mentions of others. Before you suggest XBC, it's already taken by European Union (though not in active use any more). Trust me, once you get used to it, XBT sounds quite powerful, definitely more so than XBI.
BTC is the official symbol for Bitcoin.
XBT looks very confusing if used as Bitcoin symbol, looks more like one of the altcoin
XBT looks very confusing if used as Bitcoin symbol, looks more like one of the altcoin
First of all it is not a sign. It is a unit of measurement. And the question whether it will become official, i don't think so. The community certainly needs to agree with one voice
Who will say its official or not?
Official in this case is the most used symbol or symbol used by the most reputable trading/information services.
Who will say its official or not?
CNN Money
Who cares if it is "official"? And what does that even mean?
What actually matters is that it is used all over the place already, i.e. it is a de-facto standard! That's "official" enough, in my opinion.
Who will say its official or not?
Lets stay on topic.
I do not believe it is official at this point.
I do not believe it is official at this point.
Weird looking though, XBT instead of btc
Have you tried contacting Chhophel Lam, yet? Maybe they would do us a little favour and officially adopt bitcoin in Bhutan, then we could have BTC as an official ISO code!
/joke
Some websites that let you convert different kind of currencies are already using XBT, some exchanges do, Bloomberg does.
Google is using BTC instead of XBT. Perhaps they will use XBT later.
Google is using BTC instead of XBT. Perhaps they will use XBT later.
Weird looking though, XBT instead of btc
I agree although familiarity goes a long way towards combating the "weird looking" feeling.
Still, I might start using XBT instead of BTC, primarily because I like how, in contrast with USD, EUR, GBP, and CNY, the X serves as a constant reminder of Bitcoin's decentralisation.
Weird looking though, XBT instead of btc
Why Bitcoin Needs an ISO-Certified Currency Code
http://www.coindesk.com/bitcoin-needs-iso-certified-currency-code/
soon.
Thanks for your useful information. It's great news to me http://www.coindesk.com/bitcoin-needs-iso-certified-currency-code/
soon.
what it said in the news? i can't open the link above
Yes, it's official in kraken
But isn't Kraken just an exchange? That's much different than being internationally recognized as the official international code.
Why Bitcoin Needs an ISO-Certified Currency Code
http://www.coindesk.com/bitcoin-needs-iso-certified-currency-code/
soon.
Thanks for your useful information. It's great news to me http://www.coindesk.com/bitcoin-needs-iso-certified-currency-code/
soon.
Yes, it's official in kraken
Just because XBT is an ISO for bitcoin doesn't mean we can't use BTC or even BTC. It's easier to reffer from "BTC" to bitcoin that what it is to do so from "XBT". Some exchanges are now using XBT as their ticker and exchange symbol, but it doesn't really make a difference. I guess people will keep using BTC for the reason I mentioned above.
There is no authority that controls this.
I'm pretty sure OP is referring to currency codes. In this case, the appropriate "office" is the International Organisation for Standardisation (ISO) and XBT will be the "official" currency code for bitcoin precisely if/when this organisation declares it to be so.
Yeh, this isn't for the bitcoin community to decide but whoever controls the currency codes. Is BTC already taken or can it not be used? If so XBT would be fine I suppose, but I prefer BTC.
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