[POLL] BTC or UBC? | Bitcointalksearch.org

Garrett Burgwardt

sr. member

Activity: 406

Merit: 256

Quote from: jed on June 03, 2011, 11:50:02 AM

yeah this happens with stock all the time people don't get confused. Best make the change now. Prices will always be quoted in whatever we call the smaller denomination. Might as well make that thing be bitcoin. It will be more confusing if there is this extra UBC thing floating around. People will constantly ask "well what is a bitcoin then?" "oh that isn't used anymore" huh?

I doubt that is a problem, having two different BTCs is far bigger of an issue.

jed

full member

Activity: 182

Merit: 107

Jed McCaleb

yeah this happens with stock all the time people don't get confused. Best make the change now. Prices will always be quoted in whatever we call the smaller denomination. Might as well make that thing be bitcoin. It will be more confusing if there is this extra UBC thing floating around. People will constantly ask "well what is a bitcoin then?" "oh that isn't used anymore" huh?

CoinMan

member

Activity: 104

Merit: 10

Most of the world hasn't discovered bitcoin yet, let's make the decimal shift NOW and keep BTC. The early adopters are smart enough to not be confused by this I IMO.

CoinMan

Garrett Burgwardt

sr. member

Activity: 406

Merit: 256

Using BTC is a good way to confuse anyone trying to study the history of bitcoins, as without dates on many transactions and such, how will they know whether it is new or old BTC?

UBC is much clearer and doesn't rename a fundamental part of the bitcoin client.

barbarousrelic

hero member

Activity: 675

Merit: 502

Bitcoin is still in its infancy. It won't be so hard to convert from old BTC to new BTC. I don't think anyone will be confused about the cost of a transaction, we all would notice if the cost is off by a factor of a million and ask for clarification.

But we should have a consensus agreement to refer to them as "new Bitcoins" for a month or two.

Findeton

full member

Activity: 126

Merit: 100

I want UBC. That way, 1 BTC will still mean 1 BTC, it will just be that 1 BTC = 1 000 000 UBC

PIO

newbie

Activity: 27

Merit: 0

It's too early to tell.
If the demand on Bitcoins is high then UBC would be better, but if the demand is low then BTC is better.

Cusipzzz

sr. member

Activity: 334

Merit: 250

ah...yes, thanks. Mindfreeze. That's pretty gross, long way to go before that is needed.

spleeder

newbie

Activity: 51

Merit: 0

Quote from: jed on June 01, 2011, 04:36:18 PM

Cusipzzz: I'm pretty sure he means either use UBC or change how many bitcoins 1 BTC equals. So there would be no such thing as UBC.

This ^^

jed

full member

Activity: 182

Merit: 107

Jed McCaleb

Cusipzzz: I'm pretty sure he means either use UBC or change how many bitcoins 1 BTC equals. So there would be no such thing as UBC.

Cusipzzz

sr. member

Activity: 334

Merit: 250

Keep BTC, but create a view in the client to set preferences and show Both BTc/UBC, or either.

Any transfers can be shown in both, and the entry box can cofirm the amount to prevent mistakes.

So if someone prepares a transfer, it will show "Sending 3.00000 BTC / 3000.00 UBC to '1WXaX3xz....'

Havoc

newbie

Activity: 29

Merit: 0

I think keeping BTC would be best. As someone said in the discussion thread it will cause some confusion for a week but be preferable in the long run.

qikaifu

full member

Activity: 168

Merit: 100

God creats math and math creats bitcoin.

top

ripper234

legendary

Activity: 1358

Merit: 1003

Ron Gross

Voted UTC. BTC will just spoil my T shirt.

qikaifu

full member

Activity: 168

Merit: 100

God creats math and math creats bitcoin.

This poll is very important in my view. Just make your idea into the poll, please.

spleeder

newbie

Activity: 51

Merit: 0

There is a discussion here about what the three-letter currency code will be when the decimal point moves so that 1 BTC becomes 1e-6 BTC.

There are mixed opinions (as there should be), so I decided to make a poll to get a sense of what the majority of us prefers.

Topic: [POLL] BTC or UBC? (Read 2220 times)