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Comments:BIP 0176

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sandervandenberg edited this page Dec 23, 2017 · 7 revisions

Comments for utilizing "bits" denomination.

I propose that "bits" should be written in lowercase to differentiate as much as possible between BTC and bits.

Wallets and services do not immediately need to adopt "bits" as the default unit. Both "BTC" and "bits" could be displayed alongside each other in user interfaces for users to get accustomed to the new unit during a transitioning phase.

While I like the idea of a better denomination for 1/1000000 of a bitcoin, I feel it is confusing because there are millibits already (I believe the Electrum wallet uses them). Why not use microbits instead of bits? That way it corresponds to the standardized metric SI prefixes. So:

1 millibit = 1/1000 BTC, could also be written as mbit or mBTC

1 microbit = 1/1000000 BTC, could also be written as μbit or μBTC

https://github.com/bitcoin/bips.wiki.git

https://github.com/bitcoin/bips.wiki.git

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