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Title: History never repeats, but it sure does rhyme.. Post by: piecesofeight on June 11, 2011, 04:44:37 PM Well... Hello all. I found out about bitcoins a day ago, and boy, am I kicking myself for not knowing about this a few months ago!
This 8bit thing, you all know where pirates "pieces of eight" came from? http://en.wikipedia.org/wiki/Bit_%28money%29 Quote In the U.S., the "bit" as a designation for money dates from the colonial period, when a common unit of currency was the Spanish milled dollar. As a way of making change, these dollars were cut into eight pie-slice shaped pieces which were called "bits". (For this reason, the whole coin was known as a "piece of eight.") Each eighth-dollar bit was then worth 12.5 cents, "two bits" was a quarter of a dollar (25 cents), "four bits" was a half-dollar (50 cents) and "six bits" was 75 cents. Because there was no one-bit coin, a dime (10 ¢) was sometimes called a short bit and 15¢ a long bit. Bitcoin has a great and long future ahead of it. Title: Re: History never repeats, but it sure does rhyme.. Post by: Jaime Frontero on June 11, 2011, 05:16:18 PM Well... Hello all. I found out about bitcoins a day ago, and boy, am I kicking myself for not knowing about this a few months ago! This 8bit thing, you all know where pirates "pieces of eight" came from? http://en.wikipedia.org/wiki/Bit_%28money%29 Quote In the U.S., the "bit" as a designation for money dates from the colonial period, when a common unit of currency was the Spanish milled dollar. As a way of making change, these dollars were cut into eight pie-slice shaped pieces which were called "bits". (For this reason, the whole coin was known as a "piece of eight.") Each eighth-dollar bit was then worth 12.5 cents, "two bits" was a quarter of a dollar (25 cents), "four bits" was a half-dollar (50 cents) and "six bits" was 75 cents. Because there was no one-bit coin, a dime (10 ¢) was sometimes called a short bit and 15¢ a long bit. Bitcoin has a great and long future ahead of it. yes - i know about that. and i really like the thought that went into your user name. howdy, and welcome. |