Bitcoin Forum

... if it weren't "Satoshi".

What about Bitlet?

a millibit

An Octbit...

Cent.

And shift the decimal point six places so that it matches regular currencies. No regular currency is divisible to eight places. We talk about thousands or millions or billions of dollars or francs or euros, not megadollars or petafrancs. Millibits or microbits might work for geeks but not for average people.

It is called a "bitcoin".

An IttyBity

a rand

The problem here is: You cannot produce more Bitcoins to cause inflation if they deflate to much (I guess thats what is done with 'regular' money).
What would you do if in a couple of years 1 BTC is worth $5000? You would have to pay $50 for your Coffee because there is no smaller value.

bitty

A Gox.

If 1 BTC = $5000, I assume you are talking about the current BTC worth roughly $20 currently increasing in value by a factor of 250x. That doesn't take into account the shift of six decimal places I mentioned. In such a case, a $2 cup of coffee would cost .0004 old BTC or 400.00 new BTC .

If you are talking about an increase in value of 250,000,000x, I think that is unreal! But if it did happen, maybe with the use of BTCs as a pan-Galactic currency, then it wouldn't be too hard to shift the decimal point another six or ten places as needed.

A Pointless.

.1E-7

Borrowed from E notation. Go to http://www.easysurf.cc/scintd.htm for a notation converter.

It is a good solution, however it can not be true E notation. Maybe we could call it BTC notation.

To figure this out. The 1 (really .1) is the amount of the piece of BTC. The E-7 means the amount of zeros. So .1E-5 would be 0.000001 and .111E-5 is 0.00000111

The reason why this could not be true E notation is because 50.1E-7 is 0.00000501 or .501E-5

If this is adopted (only time will tell) and is on used for fractions of BTC, then we could drop the - and just call it .1E7

An E-Zevanbit... E7, Easy7, Easyvan-bit

How about simply "bit"

or maybe bitcent, there are dollar cents and eurocents, so why not bitcents ?

Cent by nature refers to a division of 100... There already is a bitcent, 0.01 btc :)

An insignifibit. (or ib)

(as in 'insignificant')

titbit.

invisibit

 ;D

Thats a Good One. Now Use it in a Phrase "I Wouldn't give 2 ib for What You think". Yea Sounds Right Too... LOL :)

how about "wtf is this bit"
:D that was lame lol

Picobit?

Mountie

SATOSHI!

I really don't think we need names for these things.  It will complicate things for normal users to have to remember all these names for 8 decimal places.

Please send me "0.00000001 Bitcoin"

is fine.


(not that you would ever even need to ask for that amount)

Now Thats What I'm Talkin About, There They All Are.... Job Well Done. I Commend Thee.

A Bitbit

voidbit

Octobit !

+1  :)

In another 10 years, the dollar.

LOL.  Seriously.  And I hardly use "LOL".  Ever.


My entry:  bitsh*t

+1

Basebit

A "bitcoin".

bitfuck, as in:

I don't give one bitfuck about you, Johnny.

or

Here's a bitfuck.

Awl.. Golly Gush, I'm the only one with Up-Votes :)  Thanks orcalvr64, and stergium, May the Coins Flow4U...

nanobit

how about a tiny, itty bittycoin

In SI units, 1E-8 BTC would be 10 nBTC (read: nano-BTC). So I guess any of "10 nBTC", "10 nanoBTC", "10 nanocoins" or "10 nanos". XD

p.s. The 1E-8 atomic unit isn't fixed in stone. It could very well change tomorrow: as such it's pointless searching for a name...

0.00000001 Bitcoin = 1 Bernanke

Bitmao.
As in 比特毛。

On a second thought, may be bitfen would be more correct.
As in 比特分。

How about this...  消极亿位

How about the "Teetominnie" ?


Thought process: 10^-8, Ten2theminusEight, T2-E Teetominnie

 ;D

+1

How about 10 nanocoins? Or call it 10 nBTC

I can't beleive no one's hit this one yet...

Since it's a digital currency my mind warps right back to the original Tron (I'm such a geek) where everything was "bits" and "bytes", therefore everything that is a sub-BitCoin is a Byte or ByteCoin.

Still like the Greek sub-decimal layout though.

octobit or lilbit

I can't believe I had to get to page 3 of this thread before someone suggested this... finally, thank you, we have a winner.

Wow, missed that one. Have to say that's got my vote as well.

That's not the only thing you missed. I proposed the very same name just 7 posts before apidya... XD

bitto

You didn't make it shiney enough. 8)

I think a bitcent would be just fine.

1) a knacker
2) a gota
3) a div
4) a geek (in tribute to its origins)
5) a twat (just to be purile)

How about Dust?

10 nBTC is fine :P

a spooge? That would be cool

similar to the current naming system

A bitcoin that is little. So a bittle. :P

Observation, a Funny thing about Calling them "Bit's", Money has already been called "Bit's", and that it was a division of 8 Bits to a Whole 'Spanish Milled Dollar", The Bitcoin divisible to an 8th decimal...  https://secure.wikimedia.org/wikipedia/en/wiki/Bit_%28money%29 (https://secure.wikimedia.org/wikipedia/en/wiki/Bit_%28money%29) and there's a link to Bitcoin at the Bottom of the Page... It's a No-Brainer... LOL :)

NanoBits is cool.

+1

 ;D

+1

1 = 1 bitcoin = 1 BTC
0.001 = 1 bitthousandth = 1 BTT
0.000001 = 1 bitmillionth = 1 BTM
0.000000001 = 1 bitbillionth = 1 BTB

Pretty soon, US Dollar

HAHA

A Billionth of a Bitcoin, "BillionthBit", or "BB"

I don't have any idea for what to call Satoshi instead of Satoshi. Instead I'd like to start a habit to lump bitcoins into group of eights and call them 'bytecoins' or 'bytes'. It's much cooler to say I have three bytes than two dozens of bitcoins... right?

Well, to be honest I'm just spamming to get past this great spam-preventing newbie restriction.

I like μBTC

a hmBit.  Hundred Millionth of a Bit

A credit.

0.01 µBTC:  Microcent  or Microbitcent

or my favorit: 10 nBTC:  Nanogroschen  (speak it Nanogroshn)

For english speaking people the latter one would be somewhat like a Nanodime but that's not that good because dime comes from disme = 1/10.

When I think about it, it actually is a bit confusing to call it 10 nBTC when there is (currently) no smaller unit.  It's impossible in the current system to have just 1 nBTC...

So yeah, 0.01 µBTC (or uBTC if your keyboard doesn't have an AltGr press for that) sounds nicer.

+1 on that but i personally think it sounds way better as "Octobit". "Bit" is obvious to be used and "Octo" stand for the eight sign after the decimal point.

Microcent.
1 BTC = Bitcoin, commonly called "Big bit"
0.01 BTC = Bitcent (practical today)
0.001 BTC = Millibit (future de facto unit)
0.000001 BTC = Microbit (more futuristic)
0.00000001 BTC = Microcent

1 BTC = Bitcoin
0.01 BTC = Knob
0.001 BTC = Pube
0.000001 BTC = Fried Egg
0.00000001 BTC = Hamster

I'm sure we can all agree?

OMG This is just too funny

+1 for You Too... :)

But a Byte is made up of 8 bits soooo this makes no sense for the geeks among us.  When talking bits and bytes...bits are smaller.

On another note we can refer to 8 BTC as a BYTE!!!!  1024 BTC = a KILOBYTE etc. etc. Bet no one thought of that yet!

Millionnaires and billionnaires will be replaced with Bytennaires and Kilobytennaires LoL  Can't wait to see who becomes the world's first  Megabytennaire (1,048,576 BTC)

+1 for this one also, My Girlfriend explained it to me... :)

Extreme Prefixes Chart... http://www.lewrockwell.com/orig/kinsella6.html (http://www.lewrockwell.com/orig/kinsella6.html)

And Here is a Metrics Prefix Chart to make sure you all get your "Ento-Bits" worth... http://www.essex1.com/people/speer/large.html (http://www.essex1.com/people/speer/large.html)

a super cala fragalistic expialidoshus.

I'd call it a benny.

I second this.

Not even!  This is where the dollar is better. (makin' straws, giving off heat while burning, and wiping your ass with!)

screw 10 nanobits. what about 10,000 picobits or 10,000,000 femtobits.  That sounds like a shitload of money!

LittleBit and the Nanogroschen idea sounds great. ;D

What about Coint, Bent, Boint or Bint?

It's a mixture of Cent and BitCoin,

If the time comes when botnets are mining all coins we can honor this by naming the smallest unit: BotCoin. :D

You got math in my geek logic. :)~

I know the mathematical breakdown doesn't add up (ha) but I was going for more of the asthetic of the naming convention. I was trying to avoid the 8 sub decimal naming schemes that keeps cropping up. Interesting and well thought out as they may be, but for the mainstream to get on board I would think that we need to keep it with a "dollars & cents" mindset.

It will make the assimilation....errr...I mean..."migration" process, of the average users a bit easier if it's in a format they can already identify with. Therefore, Bits and Bytes.

That don't need a name.

A "dirty bit"

I vote for "cent". Just because people already know what cents are.

uCent

How about a "chimp"

10^-9 = 1 Chimp
10^-6 = 1 Orangutang
10^-3 = 1 Babboon
10^1 = Bitcoin

Pretty simple, I think it'll catch on

This.

Yeah, let's call them 0.00000001 btc :D

0.00000001 - 8 bit
0.0000001 - 7 bit
0.000001 - 6 bit
etc

or perhaps a TidBit

ittybittytittycoin

Benny

NotMuch :)

1 = bitcoin
0.01 = cent
0.00001 = millicent
0.00000001 = microcent

Trying to keep in line with actual units of measurements in the metric system, since we;re one decimal place off a nanobit, a good compensation would be "ninobit", in my opinion.

But I agree with some posters above, that the decimal should be shifted all the way to the right and not be used. I thinks the fact that bitcoins can be divided so small makes them seem silly to non bitocin users and can hinder their use in the real world, for average people. The decimal really serves no purpose since at the rate the value of BTC is climbing, in the future very few people will even be able to talk about whole bitcoins...

-Mike

+1

I second using this method.  Average people are not accustomed to using currency that is divisible to the 8th decimal place.  Such a change would be difficult for people to adapt to.

--Tod

UberCent

This sounds good.

Pocket Change.

Agreed. There are many currencies that don't have decimal points now, and they work just fine. See yen, krw, or the Thai Baht (satang is their 'cent' but its so small!).

Worthless

Just use SI prefixes!

1BTC = 1 bitcoin
0.1BTC = 1dBTC = 1 decibitcoin
0.01BTC = 1cBTC = 1 centibitcoin
0.001BTC = 1mBTC = 1milibitcoin
0.0001BTC = 1dmBTC = 1 deci-milibitcoin
0.00001BTC = 1cmBTC = 1 centi-milibitcoin
0.000001BTC = 1µBTC = 1 microbitcoin
0.0000001BTC = 1dµBTC = 1 deci-microbitcoin
0.00000001BTC = 1cµBTC = 1 centi-microbitcoin

The prefixes "deci" and "centi" are not SI prefixes. They are leftovers from the pre-SI metric system, and they add more complexity than benefit. So let's keep it simple...

1 BTC = 1 bitcoin
0.001 BTC = 1 mBTC = 1 millibitcoin (nickname "one Millie")
0.000001 BTC = 1 uBTC = 1 microbitcoin (nickname "one Mike")

The base unit of 0.00000001 BTC is the same as 10 nanobitcoins, but I think this will be confusing because we cannot represent 1 nanobitcoin (so how can we have ten of them?). The existing usage seems to work well enough:

0.00000001 BTC (nickname "one Satoshi").

ShitBit

Uselessbit

A NanoBit.

How about a "ringpiece"

decananobitcoin

deca=10x
nano=10^-9
=>
decanano=10^-8

How about... a Quark?

picoBit?

coinbit

I vote for 10 nanoBitcoins and Bernanke's as a secondary alias.

Or simply a Unit, or BitUnit.

How about NZ (non-zero)

Nanocoin

"worthless" at the present exchange rate ;)

That makes total sense.  It's simple, it's easily converted (as most people are familiar with metric system) and the nicknames are totally usable. 

As far as the last two digits go, I think the setup you have will work out fine as it is.  In the same way most people would say $1.35 as "a dollar, thirty five" people could also say 1.28 uBTC (0.00000128) as "a mike, twenty eight".  So a name for the last two digits isn't really necessary.  As they are the last two digits, you could call them cents (mike-cents) if you really wanted to.  The thing is though, years from now as we approach the point when we actually need a name for those digits, we'll also need a system that works further than 8 decimal points anyway.  So before we ever need a common name for the last few digits, the system will already need to have been extended to include nanobitcoins, picobitcoins, etc.  Technically, the furthest few digits in the system will never really need a common usage name.

A qBIT.

I vote nanocoin. 

tidbit

0.1 BTC = 1 dBTC = 1 decibitcoin
0.01 BTC = 1 cBTC = 1 centibitcoin
0.001 BTC = 1 mBTC = 1 millibitcoin
0.0001 BTC = 100 μBTC = 100 microbitcoins
0.00001 BTC = 10 μBTC = 10 microbitcoins
0.000001 BTC = 1 μBTC = 1 microbitcoin
0.0000001 BTC = 100 nBTC = 100 nanobitcoins
0.00000001 BTC = 10 nBTC = 10 nanobitcoins

http://en.wikipedia.org/wiki/Si_prefixes

Picoin

PicoIn

PiCoin

Picoin is already reserved. It means 3.14159 BTC.

^  this is what I was about to say, glad I read every post

Bitlet

picobit?

A "Bernanke" is also good.

I agree with using the SI system. I think 10 nBTC is fine, would have fitted better with nine decimals though.

Might be nice to give the smallest unit it's own name. I like the following suggestions:
microcent (since it's 1/100 [a cent] of a μBTC)
credit (standard currency in sci-fi)
bitcoin-atom (since they are indivisible)
bit (smallest digital unit)

Looking at https://secure.wikimedia.org/wiktionary/en/wiki/bit (https://secure.wikimedia.org/wiktionary/en/wiki/bit) bit is actually synonymous to coin.
1 bit, 10 bits, 100 bits is 1 μBTC, 1 megabit is 1 cent and 100 megabit is 1 BTC. But maybe it's too confusing since bit is used frequently in other contexts.

My guess is that only SI prefixes will be used in the end if not, or as someone suggested, the decimal is removed entirely, so that 0.00000001 "old" btc = 1 "new" btc, it would be as easy as adding a multiplier in the software.

Agree with this too.

Unfortunate it's not to the 9th place, yes..   
Does dBTC, mBTC, nBTC or dB, mB, nB seem more useable?

Some other thread discussed using the ฿ symbol, so m฿ μ฿ n฿. It's already used for the thai baht though.

Tidbit
Little bit
Itty bit

I can't believe some creep has deleted my suggestions!

Dammit, we need some sort of bitcoin equivalent for freedom of expression up in here so I
can spread my wisdom without being encumbered by some stuffy censor.

Anyway here's my suggestions for Bitcoin denominations:

1BC = Bitcoin
0.01 BTC = Donaudampfschiffahrtsgesellschaftskapitän
0.0001 BTC = Mingepipe
0.00000001 BTC = Handbag

Come on guys, everyone's opinion matters in these matters.

A Little Bit

Bytecoin

Bitlet! It sounds adorable.

A rounding error.

nibblecoin =P

Bitplank

mobibit

Please a real real poll to this thread with the options already given, where people can vote and everyone can see what the leading choice is...  :)

Hello all,

A good name would be a digit

For short for just a dig but still with the accent on the g as if it were a j.

"Hey, lemme get a couple dig man"

"That'll be 233 dig"

-Kbundy

US Dollar.

Hi-oh!

German is an efficient and logical language. It should be employed to greatest effect.

0.01 Bitcoin = 1 Verantwortungszuständigkeiten
0.0001 Bitcoin = 1 Donaudampfschiffahrtskapitänswitwe
0.0000001 Bitcoin = Hubschrauberlandeplatz

Official terms as of now, please use liberally around the forum

Its for sure a dwarfbit

A little bit.

Zing!

But really...

The Peso.

a "bitcoin"

itty bit sounds good.
what about the other 7 digits?

"Satoshi" is such a cool name:

1 = Satoshi
1000 = Kilo-toshi
1000,000 = Mega-toshi
10 BTC = Giga-toshi

He he  ;D

 :D milepibit is the accurate denotation of this unit...

i like "bit"

A tiddly-widdly-bit!

.00000001   . . . . .   Octo-bit

"My good king, the oracle has spoken."

In all seriousness now, the best way to keep new people coming in is probably to continue moving the decimal place and calling the common unit of division a 'Bitcoin.'

Those who already use BTC will understand it and adapt.  Those who don't won't be confused and scared off by, 'I want to buy bitcoins, wait I have to buy 350 Satoshis?  WTS is a Satoshi?"

You mean old pesos, right?

10 nanobits

lonely littlest bit.  LLB for short.

PetaBit

something which has least value in bitcoin world and will be much in real world.
willberich

You don't even know how close you just stepped to the truth with that sentence.
Did you have a glance at the secret proposal by any chance?

Benjamin

I'm not sure I proposed this one already.

An atom is something that can not be broken apart (well, at least in the etymological sense).  Most atom names end in "-um"  (germanium, silicium, lithium, ...).

So what about "Satoshium" or "Bitcoinium" ?