Use code XBT, not BTC for bitcoins - page 2.

Peter R

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Quote from: tvbcof on April 26, 2014, 12:56:39 PM

Quote from: tvbcof on July 15, 2011, 01:43:26 PM

My vote (if this were a vote and I had any voting power) would be 'XC0' for 'Chain #0'.

...just in case there develops an interest in 'sidechains' when it is more widely appreciated (in, say, 2.83 years) that high Bitcoin utilization rates can cause problems for a design with something like the enduring blockchain which can at best be only partially reorganized for optimization.

My understanding is that the innovation and appeal of sidechains is the two-way peg (bitcoins can freely more from the main chain to any sidechain and back, paying only transaction fees). If this is the case, then arbitrage would close any difference in exchange-rate between Sidechain N and the main chain.

Bitcoinpro

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Bhutan has only 700,000 people so I'm pretty sure its not going to make much difference if we take BTC

tvbcof

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Quote from: tvbcof on July 15, 2011, 01:43:26 PM

My vote (if this were a vote and I had any voting power) would be 'XC0' for 'Chain #0'.

...just in case there develops an interest in 'sidechains' when it is more widely appreciated (in, say, 2.83 years) that high Bitcoin utilization rates can cause problems for a design with something like the enduring blockchain which can at best be only partially reorganized for optimization.

Minnlo

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Quote from: joinmicah on April 26, 2014, 10:02:02 AM

Very Interesting Discussion I noticed a while ago I believe it was about year ago that on the Global Currency Exchange website known as http://xe.com you can see under Special Currencies XBT and it lists it as BITCOIN.

I thought that was very interesting when I found that. I wonder what the T stands for?

XBC has been taken already, so the closest we can have is XBT.

joinmicah

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Crypto-Commodities are the People's Money!

Very Interesting Discussion I noticed a while ago I believe it was about year ago that on the Global Currency Exchange website known as http://xe.com you can see under Special Currencies XBT and it lists it as BITCOIN.

I thought that was very interesting when I found that. I wonder what the T stands for?

Aswan

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Quote from: Peter Lambert on April 26, 2014, 07:21:33 AM

Quote from: Aswan on April 25, 2014, 03:28:37 PM

Quote from: Bitcoin Magazine on April 25, 2014, 03:01:34 PM

this thread makes me want to cry. BTC is much more valiant of a nomenclature Sad

This.

I will stick with BTC. There is no reason to go with an X for the word Bitcoin....

The X is not for the word "bitcoin" any more than the X is for the word "gold" in XAU.

Sure but theres literally no reason to have it for gold as well. Just AU will do, or just go with Gold. Its short and even shorter than "AU" or "XAU" when spoken and written its not that much longer. Sure some people started using it and other adapted but for BTC that will most likely not be the case since BTC is an established term that won't go away or be replaced by a random X thingy. if you dont like BTC, writing out bitcoin shouldn't be too much trouble.

Quote from: Soappa on April 26, 2014, 08:24:06 AM

Quote from: Xello on April 26, 2014, 07:59:16 AM

code XBT is very new to me. Where can i read more about it?

XBT is proposed to follow the ISO 4217 standard. You can find the details of the standard on the wiki page http://en.wikipedia.org/wiki/ISO_4217.

I think this isn't relevant to bitcoin. The term "BTC" has been established and adapted by most bitcoiners and it works. I think we dont need a switch =/

Quote from: syebotext on April 26, 2014, 07:35:47 AM

a few of you guys can use XBT all you want but everyone else is going to use BTC and it is and will continue to be the standard...sorry.

I think thats the point here. Everyone is free to use whatever he wants and I dont discriminate against people using XBT. However, when people talk or write about "XBT" and it only becomes apparent that it's something about bitcoin after others ask what this "XBT" is, the switch to BTC will be an immediate one.

If XBT was used from the beginning it might have had a chance, but it's too late now.

Soappa

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Quote from: Xello on April 26, 2014, 07:59:16 AM

code XBT is very new to me. Where can i read more about it?

XBT is proposed to follow the ISO 4217 standard. You can find the details of the standard on the wiki page http://en.wikipedia.org/wiki/ISO_4217.

Xello

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code XBT is very new to me. Where can i read more about it?

syebotext

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a few of you guys can use XBT all you want but everyone else is going to use BTC and it is and will continue to be the standard...sorry.

Peter Lambert

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It's all fun and games until somebody loses an eye

Quote from: Aswan on April 25, 2014, 03:28:37 PM

Quote from: Bitcoin Magazine on April 25, 2014, 03:01:34 PM

this thread makes me want to cry. BTC is much more valiant of a nomenclature Sad

This.

I will stick with BTC. There is no reason to go with an X for the word Bitcoin....

The X is not for the word "bitcoin" any more than the X is for the word "gold" in XAU.

Aswan

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Quote from: Bitcoin Magazine on April 25, 2014, 03:01:34 PM

this thread makes me want to cry. BTC is much more valiant of a nomenclature Sad

This.

I will stick with BTC. There is no reason to go with an X for the word Bitcoin....

Bitcoin Magazine

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this thread makes me want to cry. BTC is much more valiant of a nomenclature Sad

Stemby

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OpenStreetMap currently uses XBT:

http://wiki.openstreetmap.org/wiki/Key:currency#Notes

Peter Lambert

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It's all fun and games until somebody loses an eye

Quote from: solex on June 13, 2013, 06:52:55 PM

After nearly two years since this thread was started XBT has now been added to Wikipedia by an official editor. The usage by xe.com was decisive.

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

Some companies thinking of representing bitcoin in their systems will check this source.

This is awesome.

notme

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Quote from: solex on May 08, 2013, 08:24:20 PM

Quote from: Daily Anarchist on May 08, 2013, 08:17:33 PM

Quote from: solex on May 08, 2013, 08:09:58 PM

Quote from: Daily Anarchist on May 08, 2013, 08:07:30 PM

Two things you're forgetting. Gold is quite often referred to as GLD and silver is referred to as SLV. Plus, in the not-too-distant future all of those other bullshit national currencies aren't going to exist anyways, flushing all of the current ISO labels right down the toilet. The new labels will be BTC, LTC, FRC, NMC, etc.

Yes. But don't you want that future to arrive faster, and help raise the probability that it arrives at all?

Yes, but I'm not convinced that placating the current system is the way to do that.

It's not placating, it's using a larger opponent's strength against him. I see it like this:

http://www.grapplearts.com/Blog/2012/09/stabilizing-and-attacking-larger-opponents-from-sidemount/

You mean farting in their face?

solex

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100 satoshis -> ISO code

After nearly two years since this thread was started XBT has now been added to Wikipedia by an official editor. The usage by xe.com was decisive.

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

Some companies thinking of representing bitcoin in their systems will check this source.

Ares

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Xzibit

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Gabi

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If you want to walk on water, get out of the boat

Currencies are all fiat money. Bitcoin is like gold and silver. So, GLD, SLV and BTC!

Daily Anarchist

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Quote from: Peter Lambert on May 09, 2013, 08:28:25 AM

Quote from: Daily Anarchist on May 08, 2013, 08:07:30 PM

Two things you're forgetting. Gold is quite often referred to as GLD and silver is referred to as SLV. Plus, in the not-too-distant future all of those other bullshit national currencies aren't going to exist anyways, flushing all of the current ISO labels right down the toilet. The new labels will be BTC, LTC, FRC, NMC, etc.

Maybe you do not understand what ISO is? They are an international standard setting organization, the currency codes are just one of many, many things they have set standards for. Most people in the US never use the abbreviation USD, they just say $. But people in many other countries also use $ as the symbol for their currency, and so in places (like foreign exchange) where there is room for confusion it is better to use the clear, standardized form, USD. There is a systematic standard set up, it is useful, we should embrace it and use it to our advantage rather than just throwing it out.

I'm actually indifferent to the idea of the ISO using XBT, but I don't think it makes sense for "us" as a community to use XBT in our everyday lives.

Peter Lambert

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It's all fun and games until somebody loses an eye

Quote from: Daily Anarchist on May 08, 2013, 08:07:30 PM

Two things you're forgetting. Gold is quite often referred to as GLD and silver is referred to as SLV. Plus, in the not-too-distant future all of those other bullshit national currencies aren't going to exist anyways, flushing all of the current ISO labels right down the toilet. The new labels will be BTC, LTC, FRC, NMC, etc.

Maybe you do not understand what ISO is? They are an international standard setting organization, the currency codes are just one of many, many things they have set standards for. Most people in the US never use the abbreviation USD, they just say $. But people in many other countries also use $ as the symbol for their currency, and so in places (like foreign exchange) where there is room for confusion it is better to use the clear, standardized form, USD. There is a systematic standard set up, it is useful, we should embrace it and use it to our advantage rather than just throwing it out.

Topic: Use code XBT, not BTC for bitcoins - page 2. (Read 9818 times)