Use code XBT, not BTC for bitcoins - page 3.

solex

legendary

Activity: 1078

Merit: 1006

100 satoshis -> ISO code

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/

Daily Anarchist

hero member

Activity: 614

Merit: 500

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.

solex

legendary

Activity: 1078

Merit: 1006

100 satoshis -> ISO code

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?

Daily Anarchist

hero member

Activity: 614

Merit: 500

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.

solex

legendary

Activity: 1078

Merit: 1006

100 satoshis -> ISO code

Quote from: Peter Lambert on May 07, 2013, 10:02:15 PM

Quote from: Rassah on May 07, 2013, 09:59:19 PM

What the hell is up with all these old necro threads coming back this week? O.o
Are we really running out of topics to discuss?

I have just seen a bunch of threads related to this topic, I wanted to resurrect this thread since it has all been discussed before and so that the new people would see we already had this conversation a long time ago.

Peter, I confess that I didn't find this thread when I kicked off the subject again a few months ago. You were certainly thinking ahead.
However, one new conclusion (thanks grau) is that XBT best represents 100 satoshi, not 1 BTC.

https://bitcointalksearch.org/topic/m.1630511

There are huge advantages. It means Bitcoin can easily be represented in all the world's FX and accounting systems, plus it leaves our favorite BTC as the informal code for one Bitcoin.

As the fx rate comes to exceed $1,000 then quoting rates in XBT will become more sensible.

With all the talk of regulation and seeing some banks boycotting Bitcoin businesses, it is becoming more urgent than ever that Bitcoin becomes meshed into computer systems worldwide. The more it is integrated the harder it will be for the banking system to strangle it, or a single national regulator to attack it.
If the Bitcoin Foundation has any purpose (apart from funding Gavin) then it should be pursuing this a matter of priority.

Peter Lambert

hero member

Activity: 756

Merit: 500

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

Quote from: Rassah on May 07, 2013, 09:59:19 PM

What the hell is up with all these old necro threads coming back this week? O.o
Are we really running out of topics to discuss?

I have just seen a bunch of threads related to this topic, I wanted to resurrect this thread since it has all been discussed before and so that the new people would see we already had this conversation a long time ago.

Rassah

legendary

Activity: 1680

Merit: 1035

What the hell is up with all these old necro threads coming back this week? O.o
Are we really running out of topics to discuss?

Peter Lambert

hero member

Activity: 756

Merit: 500

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

Quote from: elggawf on July 20, 2011, 04:21:22 PM

Quote from: Nagios on July 20, 2011, 03:43:02 PM

Did I miss something critically important here? Why all the discussion to change the name.

Because non-conformity to ISO 4217 is the only thing stopping them recognizing Bitcoin as a legitimate world currency! \o/

It is not necessary, but in some situations having a proper ISO code would be useful.

Raoul Duke

legendary

Activity: 1358

Merit: 1002

Quote from: Rassah on July 21, 2011, 01:52:15 PM

Maybe you guys should start a war over this. Help get the Eurozone economy going Grin

That war should've been started when the politicians had the "wonderful" idea of copying the federal reserve scheme and introduce it in the EU back in the 90's, not because of a common way to use the currency symbol Wink

riceberry

hero member

Activity: 491

Merit: 500

I like the IBC idea, internet origins

Rassah

legendary

Activity: 1680

Merit: 1035

Quote from: dserrano5 on July 21, 2011, 01:36:59 PM

Quote from: Raoul Duke on July 15, 2011, 08:48:21 PM

Quote from: elements on July 15, 2011, 08:41:28 PM

Quote from: Raoul Duke on July 15, 2011, 12:38:50 PM

Quote from: elements on July 15, 2011, 08:39:04 AM

Furthermore I don't like the usage of currency symbols anyway since they are applied differently anywhere which only leeds to confusion and misunderstanding in a global community

Exp: USA: $1'000'000.00
EU: 1.000.000,00 €

I'll take it that you are not from the EU, or else you would know that the Euro symbol (€) is always used BEFORE the ammount, like this: €5.000.000,00(five million euros and zero cents) Wink

Hm, funny thing. I don't know in which part of the EU you are, but in Germany the Euro symbol is always behind the numbers.

Actually this constitutes my point - too confusing.

I'm in Portugal, altho i lived for several years in The Netherlands and they use the sign before the amount, like they do in Belgium. Can't speak about other places cause i haven't been there. But i remember when the Euro was introduced in Portugal and they specificaly said that the symbol should laways come before the amount, so i was thinking it would be like that in the whole EU. It seems it isn't after all Undecided

Never visited Germany, so i can't tell.

FWIW, in Spain we write it after the number: 123 €.

I recall reading something official (hosted on ecb.europa.eu, or maybe ecb.int, or maybe ecb.eu, or maybe...) about the usage of both the word "EURO" and its symbol, but I'm known for not being able to find something for the second time despite my best efforts...

Maybe you guys should start a war over this. Help get the Eurozone economy going Grin

dserrano5

legendary

Activity: 1974

Merit: 1030

Quote from: Raoul Duke on July 15, 2011, 08:48:21 PM

Quote from: elements on July 15, 2011, 08:41:28 PM

Quote from: Raoul Duke on July 15, 2011, 12:38:50 PM

Quote from: elements on July 15, 2011, 08:39:04 AM

Furthermore I don't like the usage of currency symbols anyway since they are applied differently anywhere which only leeds to confusion and misunderstanding in a global community

Exp: USA: $1'000'000.00
EU: 1.000.000,00 €

I'll take it that you are not from the EU, or else you would know that the Euro symbol (€) is always used BEFORE the ammount, like this: €5.000.000,00(five million euros and zero cents) Wink

Hm, funny thing. I don't know in which part of the EU you are, but in Germany the Euro symbol is always behind the numbers.

Actually this constitutes my point - too confusing.

I'm in Portugal, altho i lived for several years in The Netherlands and they use the sign before the amount, like they do in Belgium. Can't speak about other places cause i haven't been there. But i remember when the Euro was introduced in Portugal and they specificaly said that the symbol should laways come before the amount, so i was thinking it would be like that in the whole EU. It seems it isn't after all Undecided

Never visited Germany, so i can't tell.

FWIW, in Spain we write it after the number: 123 €.

I recall reading something official (hosted on ecb.europa.eu, or maybe ecb.int, or maybe ecb.eu, or maybe...) about the usage of both the word "EURO" and its symbol, but I'm known for not being able to find something for the second time despite my best efforts...

Rassah

legendary

Activity: 1680

Merit: 1035

Oh, hey, how about IBC, for Internet currency BitCoin? If what people are saying about alternative currencies being an eventual possibility, having them classified as internet-based as opposed to country or local region based would help. Plus it'll give Bitcoin the "first to use I" status.

phelix

legendary

Activity: 1708

Merit: 1020

Quote from: Fireball on July 20, 2011, 03:34:40 PM

Any standard has exceptions, as has been stated about EUR. So why not push an exception to this standard too and list Bitcoin as BTC?

After all, bitcoin is all about community, and if millions of people use BTC, then BTC becomes the de-facto standard, not vice-versa.

+1

That is what will happen anyway because changing habits is hard.

elggawf

sr. member

Activity: 308

Merit: 250

Quote from: Nagios on July 20, 2011, 03:43:02 PM

Did I miss something critically important here? Why all the discussion to change the name.

Because non-conformity to ISO 4217 is the only thing stopping them recognizing Bitcoin as a legitimate world currency! \o/

nmat

hero member

Activity: 602

Merit: 502

I like XBC or XBT.

Nagios

member

Activity: 71

Merit: 10

thevapebook.com

Did I miss something critically important here? Why all the discussion to change the name.

Fireball

hero member

Activity: 674

Merit: 500

Any standard has exceptions, as has been stated about EUR. So why not push an exception to this standard too and list Bitcoin as BTC?

After all, bitcoin is all about community, and if millions of people use BTC, then BTC becomes the de-facto standard, not vice-versa.

Or, well, someone should fly to Bhutan and get them to officially use bitcoin as their national currency

Peter Lambert

hero member

Activity: 756

Merit: 500

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

XBC currently stands for the "European Unit of Account", which was discontinued in 1979. Since that currency is now defunct, I think we can request the code be used for bitcoins.

elements

full member

Activity: 182

Merit: 100

Quote from: Peter Lambert on July 16, 2011, 09:33:11 AM

Euros should really be EUE - European Union Euros.

I think its important we start with X, but remember x stands for nothing, so dont say it! XAU is gold, not X-gold.

XBT I think is unused, could that work?

Not true - the EU is a supranational organization not a country (at least for now).
So to be consistent it would have to be XEU.

But that EUR was chosen only shows that the ISO commitee isn't consistent anyway

Topic: Use code XBT, not BTC for bitcoins - page 3. (Read 9832 times)