BIP 176: Utilization of bits denomination #618

pull jimmysong wants to merge 1 commits into bitcoin:master from jimmysong:unit-bias changing 2 files +64 −0

jimmysong commented at 2:33 am on December 23, 2017: contributor
luke-jr added the label New BIP on Dec 23, 2017
luke-jr renamed this:
~~New BIP: Formalize "bits" as 1/1,000,000 of a bitcoin~~
BIP 176: Utilization of bits denomination
on Dec 23, 2017
luke-jr commented at 3:24 am on December 23, 2017: member
For merge, rename to use BIP 176 and add to README.

Suggestions:
- Definition should probably be specified in satoshis
- Title might be better off something like “Bits denomination” or something
jimmysong force-pushed on Dec 23, 2017
jimmysong commented at 3:34 am on December 23, 2017: contributor

@luke-jr Suggestions addressed!

in bip-0176.mediawiki:5 in 0f2139cb33 outdated

0@@ -0,0 +1,57 @@
1+<pre>
2+    BIP: 176
3+    Title: Bits denomination
4+    Author: Jimmy Song <jaejoon@gmail.com>
5+    Comments-URI:  https://github.com/bitcoin/bips/wiki/Comments:BIP-????

luke-jr commented at 3:36 am on December 23, 2017:

Needs fixing

luke-jr commented at 3:36 am on December 23, 2017:

Need Comments-Summary too

in bip-0176.mediawiki:10 in 0f2139cb33 outdated

 5+    Comments-URI:  https://github.com/bitcoin/bips/wiki/Comments:BIP-????
 6+    Status: Draft
 7+    Type: Informational
 8+    Created: 2017-12-12
 9+    License: BSD-2-Clause
10+    License-Code: BSD-2

luke-jr commented at 3:36 am on December 23, 2017:

There’s no code in this?

jimmysong force-pushed on Dec 23, 2017
jimmysong force-pushed on Dec 23, 2017
jimmysong commented at 3:39 am on December 23, 2017: contributor

Apologies for the premature squash. I think I’ve addressed your comments. @luke-jr
jimmysong force-pushed on Dec 23, 2017
jimmysong force-pushed on Dec 23, 2017
jimmysong force-pushed on Dec 23, 2017
Bits Denomination BIP 7e4d602585
jimmysong force-pushed on Dec 23, 2017
jimmysong commented at 3:55 am on December 23, 2017: contributor

Got build to pass. Apologies for not checking that earlier.
luke-jr merged this on Dec 23, 2017
luke-jr closed this on Dec 23, 2017
tamasblummer commented at 6:46 am on December 23, 2017: none

Amounts denominated in bits would fit nicely into legacy database structures and UIs with two decimal places for currency.
luke-jr commented at 6:39 pm on December 23, 2017: member

This isn’t the right place to comment on the BIP.

https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
stefek99 commented at 12:52 pm on January 2, 2018: none
@luke-jr I’ve followed your advice about mailing list:

Detailed patch discussion generally better on a GitHub PR.

Plus there is nothing on the list:

Bitcoin: 1 BTC

Satoshi: 0.00000001 BTC

The only other units I’ve ever heard in my life:
- millis
- bits
In my head 1 bit is 0.001 (one thousand of the BTC)

At the current rates 1 bit (according to my head) is $13.5 - I can handle such denomination in my head:
- lunch is 1 bit
- beer in a pub is 0.3 bits
- plane ticket is 10 bits
My suggestion would be to revisit this BIP and PR and do a poll… I don’t see much activity here, sample is too small.
luke-jr commented at 8:26 pm on January 2, 2018: member

That’s the moderation ML, not the bitcoin-dev ML…

This PR is merged; it’s a closed topic.

Feel free to do whatever polling you want, but BIPs are optional regardless.
stefek99 commented at 10:07 am on January 4, 2018: none
Ouch. Wrong list.

This is the correct link: https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-December/015399.html

Github PRs are not set in stone. It is always possible to revisit the thing

Did Google search for “bitcoin bits” and you are probably right
- https://en.bitcoin.it/wiki/Units#Bits
- https://support.xapo.com/what-are-bits
cos musialo mi sie pojebac

(a polish phrase)

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jimmysong luke-jr tamasblummer stefek99

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