At 15:04 1996-05-22 -0400, Perry E. Metzger wrote:
However, accounting systems DO NOT use 32 bit fixed point arithmetic.
One client of mine had around $10Billion under management. Do you think they were doing their accounting on a system that could only deal with fixed point numbers of 45Million or so? Hell, individual trades are larger.
Sure, but we were really discussing Ecash(tm), not accounting. To quote from the FAPI: /* An EC_Amount is a signed 32-bit integer. It represents an amount * of money in units of the coinage's base value. */
Accounting systems require exact math -- down to the cent.
Come on, we're not talking cents here. Question is, how do you represent a one ITL coin in Ecash(tm) with a USD mint? We are way below the cent level, where no accountant has ever gone before... Regards, Matts