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Topic: XBT > BTC - page 2. (Read 7604 times)
In light of recent implementation of BTC prices on some sites such as CNBC, I think it's time we follow the ISO 4217 currency code standard in preparation of larger organizations.
Yes, there are a plethora of threads just like this one, one posted even last month and some 2 years ago. That doesn't change the fact that it's an important topic that needs attention.
This standard is created by the International Organization for Standardization and is published as a list of standard currency codes referred to as the ISO 4217 code list.
Currency codes are composed of a country's two-character Internet country code plus a third character denoting the currency unit. For example, the Canadian Dollar code (CAD) is made up of Canada's Internet code ("CA") plus a currency designator ("D").
In the event a code is not sponsored by a government or country in specific (Bitcoin), it is preceded with an "X". If Bitcoin is ever to be added to the ISO 4217 currency code list, it is the belief of many including myself, that this will happen asXBC or XBT (edit: XBC being unlikely since the EU has used it to refer to a bond). To facilitate this transition, from this day forward I will be referring to bitcoin as either XBC or XBT in all of my projects, writings, and work. I ask that those interested in the standardization and mainstream adoption of Bitcoin do the same, or in the very least explore and share their opinions on what we can do to make the code more standardized.
Yes, there are a plethora of threads just like this one, one posted even last month and some 2 years ago. That doesn't change the fact that it's an important topic that needs attention.
This standard is created by the International Organization for Standardization and is published as a list of standard currency codes referred to as the ISO 4217 code list.
Currency codes are composed of a country's two-character Internet country code plus a third character denoting the currency unit. For example, the Canadian Dollar code (CAD) is made up of Canada's Internet code ("CA") plus a currency designator ("D").
In the event a code is not sponsored by a government or country in specific (Bitcoin), it is preceded with an "X". If Bitcoin is ever to be added to the ISO 4217 currency code list, it is the belief of many including myself, that this will happen as
I really really don't care if they don't call it anything....you have it wrong.....their currencies will likley be defunct in 15 -20 it years or a remnant of a bygone age.....seriously its like you want to be ruled.....over by some insignificant organization
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.
i propose for the asset/trading investment of bitcoin to be
XBT
and for the currency version (thinking about far in the future when we will be doing daily transactions in satoshi's)
SAT
XBT
and for the currency version (thinking about far in the future when we will be doing daily transactions in satoshi's)
SAT
My suggestion remains XBT for millibitcoin and keep BTC for bticoin. So 1 BTC = 1000 XBT
XMB ??
XSatoshi
My suggestion remains XBT for millibitcoin and keep BTC for bticoin. So 1 BTC = 1000 XBT
Great idea!
snap. that venture capital chap thought valuations should go up by 30x if the sort of use cases an international currency code would merit came into being. (about 3 USD per mBTC)
time to make the jump now and apply for XBT to be a millibitcoin ?
(yes you could do satoshis too but seriously, when's the last time you divided something by 10^8?)
time to make the jump now and apply for XBT to be a millibitcoin ?
(yes you could do satoshis too but seriously, when's the last time you divided something by 10^8?)
My suggestion remains XBT for millibitcoin and keep BTC for bticoin. So 1 BTC = 1000 XBT
I like it. Seems consistent with XAU (gold) and XAG (silver). But I guess it makes sense, as these conform to this very ISO.
Notice that XBC is already taken for https://en.wikipedia.org/wiki/European_Unit_of_Account_9. So XBT it will be.
Notice that XBC is already taken for https://en.wikipedia.org/wiki/European_Unit_of_Account_9. So XBT it will be.
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wild, and uncontrollable;
Unfortunately, that's not a property people look for in a currency. The reaction to Bitcoin's volatility should be evidence of that.
I hardly see how something that is not controlled by the government can't equally be recognized by a body of financial institutions with a standard quote symbol though. Korea used to be spelled "Corea" until Japan changed it during their occupation to "Korea" to make "Japan" come first. Kind of sucks, but looking back, "Corea" seems like a totally retarded name for a country, don't you think?
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I've contacted SIX to see just what their objections (if any) will be to adding it as a currency code, and if none, I will follow through and see how far it can go. When it gets to a point I can't handle it all on my own, I'll pass it on to someone much more knowledgeable, and will keep this thread posted just the same. If I make no future posts in this thread, it means SIX ignored me completely.
Fuck the international standard.
What do you have against common knowledge? Is it in bitcoin's best interest to complicate things purposely because "fuck everyone"? Did you realize that the characters you're typing your opinion on are in ASCII, an international standard? Do your rights feel abused now that you know this? Did you want to talk in sticks and dots from now on?
Some standards are great. I love ISO 8601.
But I don't want to give up BTC. I want it to be noticed, when it is noticed, as something entirely new, wild, and uncontrollable; something that cannot be pigeonholed.
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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.
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I'm saying it's completely irrelevant whether we follow it or not. To change it from BTC is just a waste of "common knowledge" already established.
Compromise and conformity are not the same thing. One of them enhances exposure and acceptance of what you already believe in. It seems you believe doing this would somehow harm bitcoin or its underlying principles. The current implementation of Ripple started out as "NewCoin" btw. Aren't you glad they changed the name and "compromised" for clarity and marketing purposes? Doesn't it make it a bit easier to know what it is as a result?
I'm not against "BTC", but I think it's more likely it will be given an "X". If your argument is just "wait and see what they say" (which doesn't seem to be your argument at all), then I guess I could agree with that but wouldn't want to sit around and not have some options to toss at them.
Bottom line: we should agree on it as a community and send a clear, consistent message to the ISO, that would be great. BTC is probably impossible as Bitcoin is not a currency of Bhutan.
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.
Fuck the international standard.
What do you have against common knowledge? Is it in bitcoin's best interest to complicate things purposely because "fuck everyone"? Did you realize that the characters you're typing your opinion on are in ASCII, an international standard? Do your rights feel abused now that you know this? Did you want to talk in sticks and dots from now on?
I'm saying it's completely irrelevant whether we follow it or not. To change it from BTC is just a waste of "common knowledge" already established.
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Fuck the international standard.
What do you have against common knowledge? Is it in bitcoin's best interest to complicate things purposely because "fuck everyone"? Did you realize that the characters you're typing your opinion on are in ASCII, an international standard? Do your rights feel abused now that you know this? Did you want to talk in sticks and dots from now on?
This was discussed here not long ago:
2013: https://bitcointalk.org/index.php?topic=148229.0;all
2011: https://bitcointalksearch.org/topic/use-code-xbt-not-btc-for-bitcoins-29061
I agree with justusranvier: let's use BTC until it's so commonly accepted that ISO follows along.
2013: https://bitcointalk.org/index.php?topic=148229.0;all
2011: https://bitcointalksearch.org/topic/use-code-xbt-not-btc-for-bitcoins-29061
I agree with justusranvier: let's use BTC until it's so commonly accepted that ISO follows along.
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