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Foundations / Units & Symbols #61

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johnsBeharry opened this issue Dec 4, 2020 · 3 comments · Fixed by #63
Closed

Foundations / Units & Symbols #61

johnsBeharry opened this issue Dec 4, 2020 · 3 comments · Fixed by #63
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@johnsBeharry
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johnsBeharry commented Dec 4, 2020

type: page
title: Units & Symbols
permalink: /guide/payments/units-and-symbols/
file: guide/payments/units-and-symbols.md

Looking for someone to research and write this foundations page relating to payments.
Below is a rough outline to get you going.

Units

Currently there are two units that are widely used in apps, bitcoin and satoshi (sats). Satoshi seems to be what is used mostly within apps that support lightning payments. Bitcoin with 8 decimals is the unit common to onchain payments. Making a 1 satoshi payment in a transaction onchain isn't going to be so economical.

On lightning network the base unit is millisatoshi/msats which is a subunit of satoshis (I've never seen this exposed in a UI though).

There are also other units which are less used colloquially, and it's an interesting the process of how these units come into use. Should they also be included in the guide (see Units)?

Symbols / Codes

Consider Amount Display

Once these foundations are written - you should have a good base to explore Amount Displays more deeply. @GBKS has captured some of the early conversations around amount display in the community slack in issue #3 and can actually be included as is for a first version.

REF

@johnsBeharry johnsBeharry added the Good first issue Good for newcomers label Dec 4, 2020
@johnsBeharry johnsBeharry linked a pull request Dec 5, 2020 that will close this issue
@johnsBeharry johnsBeharry added this to the Sprint #5 milestone May 10, 2021
@GBKS GBKS removed this from the Sprint #5 milestone Jun 7, 2021
@ConorOkus
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@ConorOkus
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Proposal by Mark Nugent - https://medium.com/@mark.nugent.iv/grouping-bitcoins-fractional-digits-an-idea-whose-time-has-come-22d9dad8ac51

@pavlenex
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pavlenex commented Jul 28, 2021

A question from Slack that we should answer to on this page.

Hey all I have a question, how is this symbol used exactly? It’s not explained in the Open Source guide “₿” is it supposed to be the equivalent of the “$” sign?

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4 participants