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Respect Satoshi! The decimal place rule is important for adoption.

Respect Satoshi! The decimal place rule is important for adoption.
So I found out something interesting. Bitcoin/Bitcoin cash is in denominated in satoshi which is 8 decimal places. However a lot of currency converters truncate the number of decimal places e.g. showing 4 or 5 or 6 or 7 decimal places instead of the full 8. In fact coingecko widget showed 12 decimal places!
I found this when trying to determine the number of satoshi that make 1 US cent at the current BCH market price using google's converter, coinmill, currencio and even coingecko and coinmarketcap who I expected to know better than disrespect the decimal place rule of bitcoin.
Decimal places for BCH on coingecko widget.

This poses a problem when you are trying to find how much satoshi is needed for a tx or how much satoshi you get for x. A lay person might mistaken the smallest digit of the truncated figure to represent satoshi when it isn't.
I found only one site that respected the 8 decimal places rule when displaying converted amounts. https://coinpaprika.com/converte

Example
A) On coinmarketcap I put 1 cent and it displayed as 0.000039 when converting to bch (6 decimal places)
B) In coingecko widget I put 0.01 usd and got 0.000039436842 bch (12 decimal places)
C) On coinpaprika 1 cent is displayed correctly as 0.00003926 when converting to bch (8 decimal places)
Now in the absence of a BCH satoshi converter (I did not find one), a lay person might easily conclude 1 cent is 39 satoshi if they used coinmarket cap or 39436842 satoshi if the used coingecko when in fact it is 3,926 satoshi (coinpaprika got it right).
Crypto must be made easier for the masses to adopt. Especially for a cryptocurrency aiming to be used as everyday currency.
This is something the whole bitcoin community should take seriously. If bitcoin and bch are denominated in satoshi then it is important converters respect the decimal places rule. A step in the right direction would be for crypto sites to get their decimal places displayed right at least for major cryptos.
submitted by iammultiman to btc [link] [comments]

UPDATE: Dogecoin meetup welcomes Bitcoin, Litecoin Vertcoin and more to a bar crawl for BARCS!

What: Dogecoin Meetup
When: March 22 | 4:00 p.m. - 8:00p.m.
Where: Frazier's on the Avenue | 919 W 36th St, Baltimore, MD 21211
De Kleine Duivel | 3602 Hickory Ave, Baltimore, MD 21211
The 14ers here with another update on the March 22 Dogecoin meetup in Hampden. We would like to extend this event to all facets of the altcoin world. Our overall goal is to bring people together to discuss how this technology is reshaping the future of the world economy. We invite all altcoin users to come and join the conversation; bitcoin, litecoin, vertcoin, etc. are all welcome!
The event will kick off at Frazier's on the Avenue, where we will be accepting Dogecoin for beer and food from 4:00 p.m. to 6:00 p.m. Then we'll be walking over to De Kleine Duivel for more of the same from 6:00 p.m. to 8:00 p.m. If you don't have any doge to spend, don't worry. These establishments will still be accepting OG currency, the good ol' USD.
Give some doge back to the dogs!
We will be accepting donations (doge or USD) at both locations for BARCS, the Baltimore Animal Rescue and Care Shelter, so you can help support homeless shibes.
Other news
So much has happened in the altcoin world in just the past week; we’ll have plenty to discuss at this event. We will continue to post updates as we draw closer to the meetup. Here are a few of this week’s stories of interest, as well as some additional resources, including a link to our original post:
the14ers meetup post 1: http://www.reddit.com/baltimore/comments/1z7fix/dogecoin_meetup_in_baltimore/
Stories of interest for the week of 3/3/2014:
Vault of Satoshi announced cessation of operations in the United States due to what is described as an “increasingly hostile” regulatory environment
http://newsbtc.com/2014/03/06/vault-satoshi-ceasing-u-s-operations-due-increasingly-hostile-regulatory-environment/
Controversial article claims to have located the real Satoshi Nakamoto.
http://mag.newsweek.com/2014/03/14/bitcoin-satoshi-nakamoto.html
MtGox files for bankruptcy:
http://www.npr.org/blogs/thetwo-way/2014/02/28/283863219/mtgox-files-for-bankruptcy-nearly-500m-of-bitcoins-lost
Mining and trading resources:
http://www.cryptobadger.com/build-your-own-litecoin-mining-rig/http://doge.yottabyte.nu/
http://www.coinwarz.com/cryptocurrency http://coinmill.com/XDG_calculator.html
We will continue to post additional information next week. Comments and questions are welcome!
TL;DR -
-The meetup will kickoff March 22nd 4PM at Fraziers on the Ave
-We will be raising money for the Baltimore Animal Rescue and Care Shelter (BARCS)
-For now, we will only be accepting dogecoin (and USD) for goods and donations at this event, but everyone is welcome to come and join us.
submitted by The14ers to baltimore [link] [comments]

UPDATE: Dogecoin meetup welcomes Bitcoin, Litecoin Vertcoin and more to a bar crawl for BARCS!

What: Dogecoin Meetup
When: March 22 | 4:00 p.m. - 8:00p.m.
Where: Frazier's on the Avenue | 919 W 36th St, Baltimore, MD 21211
De Kleine Duivel | 3602 Hickory Ave, Baltimore, MD 21211
The 14ers here with another update on the March 22 Dogecoin meetup in Hampden. We would like to extend this event to all facets of the altcoin world. Our overall goal is to bring people together to discuss how this technology is reshaping the future of the world economy. We invite all altcoin users to come and join the conversation; bitcoin, litecoin, vertcoin, etc. are all welcome!
The event will kick off at Frazier's on the Avenue, where we will be accepting Dogecoin for beer and food from 4:00 p.m. to 6:00 p.m. Then we'll be walking over to De Kleine Duivel for more of the same from 6:00 p.m. to 8:00 p.m. If you don't have any doge to spend, don't worry. These establishments will still be accepting OG currency, the good ol' USD.
Give some doge back to the dogs!
We will be accepting donations (doge or USD) at both locations for BARCS, the Baltimore Animal Rescue and Care Shelter, so you can help support homeless shibes.
Other news
So much has happened in the altcoin world in just the past week; we’ll have plenty to discuss at this event. We will continue to post updates as we draw closer to the meetup. Here are a few of this week’s stories of interest, as well as some additional resources, including a link to our original post:
the14ers meetup post 1: http://www.reddit.com/baltimore/comments/1z7fix/dogecoin_meetup_in_baltimore/
Stories of interest for the week of 3/3/2014:
Vault of Satoshi announced cessation of operations in the United States due to what is described as an “increasingly hostile” regulatory environment
http://newsbtc.com/2014/03/06/vault-satoshi-ceasing-u-s-operations-due-increasingly-hostile-regulatory-environment/
Controversial article claims to have located the real Satoshi Nakamoto.
http://mag.newsweek.com/2014/03/14/bitcoin-satoshi-nakamoto.html
MtGox files for bankruptcy:
http://www.npr.org/blogs/thetwo-way/2014/02/28/283863219/mtgox-files-for-bankruptcy-nearly-500m-of-bitcoins-lost
Mining and trading resources:
http://www.cryptobadger.com/build-your-own-litecoin-mining-rig/http://doge.yottabyte.nu/
http://www.coinwarz.com/cryptocurrency http://coinmill.com/XDG_calculator.html
We will continue to post additional information next week. Comments and questions are welcome!
TL;DR -
-The meetup will kickoff March 22nd 4PM at Fraziers on the Ave
-We will be raising money for the Baltimore Animal Rescue and Care Shelter (BARCS)
-For now, we will only be accepting dogecoin (and USD) for goods and donations at this event, but everyone is welcome to come and join us.
submitted by The14ers to dogecoin [link] [comments]

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