NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Crypto Bulls Rejoice: Congresswoman Confirms Powell’s Imminent Firing
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Crypto Bulls Rejoice: Congresswoman Confirms Powell’s Imminent Firing

Poll Review: Do You Prefer XBT or BTC?

newsbtc
newsbtc
1 year ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

It’s Sunday, and you know what that means. It’s time to take a look at last week’s poll!

In that poll we asked the seemingly age-old question of what the bitcoin abbreviation should be. Most commonly in the community, XBT or BTC have been widely used. But because bitcoin is decentralized, there has been both agreement and disagreement on standards and conventions, since there’s no one authority to say what is or is not proper.

So getting back to the results, there were a total of 308 votes (and you can look for the weekly poll in the lower right of every page if you’re interested). A whopping 275 voters, or 89.3 percent, said they prefer the BTC abbreviation. The other 10.7 percent (33 votes) were for XBT as the preferred abbreviation.

Results-XBT-or-BTC

You’ll notice a mix of abbreviation usage when it comes to businesses in the space. For example, a website like Blockchain.info uses BTC, whereas an exchange like Kraken will go by XBT.

It even goes far beyond this, with mixed usage of the bitcoin symbol and denominations.

Establishing a standard

The Bitcoin Foundation recently announced the formation of a Standards Committee to address this very issue. With the recognition that bitcoin is decentralized, the committee’s tasks are to make recommendations on which symbol, abbreviation, denominations should be used.

(Full disclosure: I am a member of that committee.)

Moving forward, it will be interesting to see developments on this front, but for now it would appear bitcoin users are quite comfortable using ‘BTC’.

Let’s take a look at this week’s poll, which has nothing to do with standards. It comes in the wake of a Wall Street Journal interview with Mark Karpeles last week, who said that he was frustrated with himself but declined to disclose why Mt. Gox fell to its knees. Which brings me to the poll itself:

[poll id=”15″]

Tweet123Share196ShareSend
newsbtc
newsbtc

newsbtc

Comments 2

  1. DennisonBertram says:
    11 years ago

    BTC is more popular for sure- but it was conceived in a time when we weren’t thinking of future implications. XBT is more standard and falls in line with things like XAU (gold). People are free to quote BTC in casual conversation, but XBT should be the official standard.

    Reply
  2. Singapura says:
    11 years ago

    XAU is a commodity and the symbol for gold is Au which is only 2 letters, hence the added “X”. Bitcoin should be a currency (even in some jurisdictons it is still considered a commodity). BTC would therefore be more future proof.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Comments 2

  1. DennisonBertram says:
    11 years ago

    BTC is more popular for sure- but it was conceived in a time when we weren’t thinking of future implications. XBT is more standard and falls in line with things like XAU (gold). People are free to quote BTC in casual conversation, but XBT should be the official standard.

    Reply
  2. Singapura says:
    11 years ago

    XAU is a commodity and the symbol for gold is Au which is only 2 letters, hence the added “X”. Bitcoin should be a currency (even in some jurisdictons it is still considered a commodity). BTC would therefore be more future proof.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

whale bitcoin

Ιστορική μεταφορά 40.000 BTC από «φάλαινα» Bitcoin προκαλεί σοκ στην αγορά

Μια από τις πιο παλιές «φάλαινες» του Bitcoin προκάλεσε αναστάτωση στην αγορά μεταφέροντας 40.000 BTC, αξίας περίπου 4,68 δισ. δολαρίων,...

Ιωάννης Ριζόπουλος 6 hours ago

La Camera approva il riesame dei disegni di legge GENIUS, CLARITY e Anti-CBDC

La Camera dei Rappresentanti ha votato una mozione per il riesame di tre leggi chiave nel panorama crypto, che il...

clararosati 7 hours ago
Pakistan and El Salvador Team Up on Crypto — What It Means for the Best Presales Right Now

Pakistan and El Salvador Team Up on Crypto — What It Means for the Best Presales Right Now

Pakistan and El Salvador have initiated a diplomatic alliance that puts crypto first. It’s the latest in a global shift...

Aaron Walker 7 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Bitcoin Sees Influx Of New Capital: First-Time Buyers Add 140,000 BTC

Keshav Verma 49 minutes ago
All 40K Remaining Bitcoin From The 80K Whale Just Moved: $4.75B In One Wallet Now

All 40K Remaining Bitcoin From The 80K Whale Just Moved: $4.75B In One Wallet Now

Sebastian Villafuerte 2 hours ago
Bitcoin

Did The US Government Dump 170,000 BTC? Marshals Reveal Shocking Bitcoin Holdings

Scott Matherson 3 hours ago

Premium Sponsors

Press Releases

  • No Mining Hardware Needed: SunnyMining’s AI Cloud Mining...

    4 hours ago
  • 仮想通貨プレセール|イーサリアム急騰で注目のアルトコインシーズンに100倍成長が期待できる銘柄

    ...

    5 hours ago
  • 「大きな一歩」―コインベースCEOが示す仮想通貨投資の『10倍成長』予測とビットコイン20万ドル目標

    ...

    5 hours ago
  • 2025年7月に注目すべき新しい仮想通貨 — 次の10倍成長が期待される銘柄とは?

    2025年7月に注目すべき新しい仮想通貨 —...

    6 hours ago
  • 仮想通貨1000倍を狙う次世代トークンとは?プレセール急成長の理由

    ...

    6 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.