I see X more as a superattic.
Actually, we need 'X' more than possible. If they used 'BTC', it could be claimed by any country that begins with 'B'. 'X' represents it's not owned by any country.
Topic: XBT > BTC (Read 7679 times)
I see X more as a superattic.
No. The naming system is a tacit endorsement of the idea that something issued by a government is more official then something that is not. We should not voluntarily put ourselves in the X subbasement.
This. 0100110001100101011101000010011101110011001000000111010101110011011001010010000 0010110000100001001000011001011100010000001010100011010000110100101110011001000 0001101001011100110010000001110100011011110110111100100000011010000110000101110 0100110010000100000011101000110111100100000011100100110010101100001011001000010 1110
00101011001100010100100100100000011000010110001101110100011101010110000101101100011011000111100 1001000000111000001110010011001010110011001100101011100100010000001110100011010 00011010010111001100101110
XBT is designated for a currency that doesn't belong to a currency, and BTC's acronym.
We could just call it XBT or BTC if we want. No need to do 'BTC for this' or 'SAT for that'. Plus, SAToshi and a SAT could get confused.
We could just call it XBT or BTC if we want. No need to do 'BTC for this' or 'SAT for that'. Plus, SAToshi and a SAT could get confused.
Just because the official name is XBC doesn't mean that we can't use the term BTC on this forum and with other people. Let's make things simpler.
This. The official code of the US dollar is USD, but we still call them "dollars", "bucks", "greenbacks", "$", etc.
way to bump an old thread, but finding a time traveler is worth it.
Just because the official name is XBC doesn't mean that we can't use the term BTC on this forum and with other people. Let's make things simpler.
This. The official code of the US dollar is USD, but we still call them "dollars", "bucks", "greenbacks", "$", etc.
Use XBT when referring to the currency for trading purposes. Use BTC when referring to complex transactions and derivatives such as securities and virtual commodities. use Unicode Characters Alt +0243 or Alt +0E3F when labeling merchandise with pricing.
good idea. 
Use XBT when referring to the currency for trading purposes. Use BTC when referring to complex transactions and derivatives such as securities and virtual commodities. use Unicode Characters Alt +0243 or Alt +0E3F when labeling merchandise with pricing.
XBiteCoin=XBC
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How about we use XXX, that would make an impact...
I like it!
Alternatively, how about three animated pseudo-kanji characters, moving from top to bottom on a black background? I think that would be appropriate.
How about we use XXX, that would make an impact...
Unfortunately, that's not a property people look for in a currency. The reaction to Bitcoin's volatility should be evidence of that.
Volatile Gold Down $60
http://www.nasdaq.com/article/gold-massacre-gold-down-60-cm236691#.UXFCc0rnEVA
Currency Code for Gold : XAU
Quote
As for needing evidence for the ISO to take it seriously, FinCEN's various rulings could be used to our advantage building the case for legitimacy.
I agree.
0100110001100101011101000010011101110011001000000111010101110011011001010010000 0010110000100001001000011001011100010000001010100011010000110100101110011001000 0001101001011100110010000001110100011011110110111100100000011010000110000101110 0100110010000100000011101000110111100100000011100100110010101100001011001000010 1110
6e 6f 70 65 2e 6a 70 67
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Thank you Matthew for picking up the baton!
I sent an email to SIX standards about a month ago, but no reply, which is par for the course with them.
I also sent an inquiry to Peter and Lindsay at the Bitcoin Foundation to ask if they were making any representation to SIX and whether they wanted any help with that, but no replies yet either. However, Bitcoin has done its merry price dance since then, so maybe they are distracted.
I sent an email to SIX standards about a month ago, but no reply, which is par for the course with them.
I also sent an inquiry to Peter and Lindsay at the Bitcoin Foundation to ask if they were making any representation to SIX and whether they wanted any help with that, but no replies yet either. However, Bitcoin has done its merry price dance since then, so maybe they are distracted.
Yes, well, let's try not to give the Bitcoin Foundation any power they don't deserve. I registered the Bitcoin Association of Korea afterall, I can email them with just the same amount of furious backing and authority to act on behalf of bitcoin --- none whatsoever.
As for needing evidence for the ISO to take it seriously, FinCEN's various rulings could be used to our advantage building the case for legitimacy.
Thank you Matthew for picking up the baton!
I sent an email to SIX standards about a month ago, but no reply, which is par for the course with them.
I also sent an inquiry to Peter and Lindsay at the Bitcoin Foundation to ask if they were making any representation to SIX and whether they wanted any help with that, but no replies yet either. However, Bitcoin has done its merry price dance since then, so maybe they are distracted.
Edit:
Precious metals have X-codes, which includes palladium, XPD. The world reserves are about 1,000 million ounces. This is worth about $7 billion. Bitcoin's monetary base is about $1.4 billion. I think that once it closes in on the value of the palladium stockpile, then it will be untenable for an official ISO code to be withheld.
http://palladium-bar.blogspot.co.nz/2007/09/palladium-reserves-and-palladium.html
I sent an email to SIX standards about a month ago, but no reply, which is par for the course with them.
I also sent an inquiry to Peter and Lindsay at the Bitcoin Foundation to ask if they were making any representation to SIX and whether they wanted any help with that, but no replies yet either. However, Bitcoin has done its merry price dance since then, so maybe they are distracted.
Edit:
Precious metals have X-codes, which includes palladium, XPD. The world reserves are about 1,000 million ounces. This is worth about $7 billion. Bitcoin's monetary base is about $1.4 billion. I think that once it closes in on the value of the palladium stockpile, then it will be untenable for an official ISO code to be withheld.
http://palladium-bar.blogspot.co.nz/2007/09/palladium-reserves-and-palladium.html
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The minor currency in Bhutan is called the chhertum which means they may already use BTC for this internally. They have every right to.
Bitcoin is a global currency, which is what the X-codes are for. So XBT is the best choice, as the XBC has been used by the European central bank.
BTC is fine for informal use, just as many computer systems hold YEN instead of JPY. Not having an ISO code is a monumental handicap for Bitcoin.
Bitcoin is a global currency, which is what the X-codes are for. So XBT is the best choice, as the XBC has been used by the European central bank.
BTC is fine for informal use, just as many computer systems hold YEN instead of JPY. Not having an ISO code is a monumental handicap for Bitcoin.
Thank you for contributing to this thread. I liked yours a lot!
As for the argument people are making to making a symbol for the ISO will somehow:
- harm bitcoin
- subject it to government reptilian control
- ruin their domain naming scheme
All I can say is, KRW is never referred to here in Korea as KRW-- it's called WON and the only time you see KRW is when dealing with transactions to other countries, their currencies, etc.
ISO 4217 is a reference table for everyone to know what something is called when they're talking about it so that they are all on the page and can have confidence that it won't be misunderstood. Any argument against making things simpler for everyone in the world is one of cultist paranoia, and the person arguing so might as well extend their argument to speaking in tongues throughout their work day. Afterall, who cares if anyone understands a single word you're saying? Standards are for pussies! From this moment on, all the words I use in the standardized English language will have new made-up meanings by me, because bitcoin.
Every Bitcoin user recognizes BTC as Bitcoin code. ISO reserves BT* for Bhutan, but Bhutan does not use BTC yet. When it will, that might be a problem for them, not for anyone around. I'm not offending anyone in Bhutan, it's just if I was in Bhutan and there were tons of people already putting particular meaning in BTC, I would think twice before using it for some currency project.
The minor currency in Bhutan is called the chhertum which means they may already use BTC for this internally. They have every right to.
Bitcoin is a global currency, which is what the X-codes are for. So XBT is the best choice, as XBC has been used by the European central bank.
BTC is fine for informal use, just as many computer systems hold YEN instead of JPY. Not having an ISO code is a monumental handicap for Bitcoin.
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their currencies will lkiely be defunct in 15 -20 it years or a remnant of a bygone age.....
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