Bitcoin Forum

for a mBTC.

Like, quid/buck/etc...

Bitty.

Lol, doesn't sound moneyish enough.

That's 2 syllables.

Agreed! As the price continues to rise, the smaller denominations will start to become more widely used.

How bout a byte?

You know, byte -> bit. Might be confusing, but I'm just throwing it out

http://www.urbandictionary.com/define.php?term=bitty&defid=922903  (NSFW, clearly).

Bit for BTC, or Millie for mBTC.

It can't be bitty

http://www.youtube.com/watch?v=tyHm8oqkOB0

 ;D  spoil sports

A Moin

hahahaha!!

As someone who believes that BTC will eventually rule a substantial amount of the GDP, I think the focus on naming at this stage is meaningless.
BTC will grow 10-1000X times fold; do we keep re-inventing the names over and over, or just accept the basic arithmetic?

The important point is the deflationary nature of the coin. When people fully realize that, they'll come to terms with any unit of choice.

mBTC, uBTC, nBTC are just fine.

Bitty.

Mit

tic

mill

+1

A pill... Rhymes with mill at least and sounds cool.

a bit.

1000 bits to a Bitcoin.

milli-bit

Agreed we need a good nickname as I plan on giving away a lot of "bits" to friends and family this year.

How are you going to do that? I was planning to do the same, but wasn't sure of the best way. I'd like to give them a QR code or something?

'Bits' might work...

There is already a word for a thousandth unit of a currency:  a mill.  A mill is a thousandth of a dollar.
The word mill appears in the U.S. Constitution, along with the words dime and cent.
I mentioned in another post that at one time there were actual mill coins, issued by some states.  Apparently the feds didn't issue any mills.
The ones I handled as a child were made of red plastic.
I'm going with bitmill or just plain mill.

"gox" was suggested in another thread

100th of a dollar ... centi => cents
1000th of a bitcoin ... milli => mills

Might myte work?

Why make up a new word when the mill (or mille or mil) is already used with many currencies?

Mill (currency)
From Wikipedia, the free encyclopedia
The mill or mille (₥) (sometimes mil in the UK, when discussing property taxes in the United States, or previously in Cyprus and Malta) is a now-abstract unit of currency used sometimes in accounting. In the United States, it is a notional unit equivalent to 1⁄1000 of a United States dollar (a tenth of a cent). In the United Kingdom it was proposed during the decades of discussion on the decimalization of the pound as a 1⁄1000 division of the pound sterling. Several other currencies used the mill, such as the Maltese lira.
The term comes from the Latin "millesimum", meaning "thousandth part".

big

ming

grain

A Fin (after Hal Finney: https://bitcointalk.org/index.php?topic=155054.0)

m /ˈɛm/

Dosh
Dash
Mizz
Fizz
Bizz
Jizz
Whizz
Blam
Slam
Wham
Trick
Treat
Slack
Wack
Jack
Mack
Grim
Quim
Blimp
Whimp
Squib
Fib    play boggle

--> TABAFFO

Yea only when you say 10 mill I think ten million.

A 'lame' because that's how I feel describing bitcoin (or any whole unit of currency not rounded to the nearest integer, see $4.99 FUCK YOU IT'S $5 /pennjillette) out loud instead of just pointing at the amounts on a screen.

LOL

mBTC should be called a "Point"

I just realized i have no idea what the Euro people call cents. Do they just call them cents? What the hell.

Just cents or sometimes eurocents

In case switch really happens, i guess we should switch to µBTC immediately and call one unit "a Mike". Then we have 2 more extra decimals for cents.

+1

Josh

Millieme

Yes.  This fits well with the way people already abbreviate common units with SI-prefixes such as "40 meg" for 40 MB or "15 mill" for 15 ml (millilitres).  Additionally, I like how focusing on the SI-prefix highlights the divisibility by drawing a subconcious parallel with physical dimensions.  I'll certainly not adopt either of the obvious, overused, and suggestively discrete terms: "bit" and "coin".

I have a fondness for both "em" and "fin" and could be won over to either but do prefer "mill" at present.  Indeed, mBTC (read as "mill") has been my preferred way of communicating non-whole numbers of bitcoins for over 2 years (although recently, due to the high value, have taken to using uBTC (read as "mike") for non-whole numbers of mBTC).

'bit'

http://www.reddit.com/r/Bitcoin/comments/1rmto3/its_bits/

Even though "mills" might seem more logical, I like the sound of "bits" better.

It's like you break the whole coin into bits :)

That's the key, i think most people would agree that it's more logical to use mBTC and uBTC, but in terms of widespread adoption and for allowing people to relate it to 'real money', as well as getting over this 'I can't afford a whole bitcoin' aspect of adoption, using 1 BTC = 1 000 000 bits is far more user friendly and thus actually more practical.

I've seen some people say they are buying Litecoins because they 'can't afford bitcoins'.

A quelm ;)

+1

I like these from above. Grain may be a little difficult to pronounce for non native English speakers.

What about:

num - Bitnum

noic - Bitnoic

nok - Bitnok

nick - Bitnick

bill (from bit + mill and other monetary connotations)

Surprised that nobody has suggested "quatloos" yet.  ;D

Personally, I like any of the following:

Bits: mBTC, has an electronic feel, but if Bitcoin keeps deflating at the rate we are going, may soon be obsolete.
Millis: mBTC, short for mBTC, same problem with deflation as Bits, but leads naturally to Mikeys/Mickeys for uBTC.
Satoshis: Way to soon, and I expect Bitcoin value to level out (less than 12% deflation per year) long before a satoshi is worth even a penny.

i think mill is good enough

We have our Western blinkers on. If China becomes a major (majority ) owner of bitcoins we have to consider a mandarin word. Heres a few (hundred)  Choose some

http://mandarin.about.com/od/vocabulary/tp/most_common_mandarin_words_abc.htm

băi
""

Traditional: 百
Simplified: 百
Pinyin: băi

Meaning: hundred

There may even be a Character that LOOKS like a bitcoin symbol :)

Clicks


Gimme five clicks.

Seems "háo" means "milli" in Chinese.

Millies and Mickies?!?!?!?!


I thought that had been done already

How about "Kilobit"

Creds.

Short for credits.

Mib.

Hal or Fin  (Hal Finney),

or

Max  (mXBT)

I nominate this.

I'm on board the uBTC as "bit" train, having slapped the SI out of myself. Too many syllables, the general public will never go for it. Even I don't really feel like saying more than a syllable -- it's why everyone says "bucks" for dollars. Simplicity is the reason for not having a name for mBTC and a separate one for uBTC. No major currency does this. It allows for two decimal places for satoshis (which, probably, will never really be called that), eg 25.44 bits. Very comfortable for people. Larger amounts are comfortable too. Even now, one bit is already 1/10th of a US cent (more like 1/9th I guess, as of now). In Japan (where they also group in digits of 4, btw) 10000 JPY = 100 USD = .09 BTC. They don't do decimals, so large numbers are already pocket change.

I also like "mikes" as short for micro, but that is well-used as shorthand for "minutes" in some areas, so idk.

Oddly, I haven't seen this mentioned yet in reasons for using "bits" but, the bit has a history predating computing as a unit of money: http://en.wikipedia.org/wiki/Bit_(money) ...I find this very fitting, tying two eras together. It was only very recently that all reference to a bit as a unit of money has been fairly lost from our consciousness. Also, Wikipedia above already links to the Bitcoin page, lol.

A million bits in a Bitcoin. 100 "satoshis" or whatever we end up calling it, in a bit. This gives plenty of room for growth, even if we add more decimals down the road (maybe we plan ahead, and assume we'll need to add six more decimals later, and save millibits and microbits or "mikes" for that, mikes as in microbits where a bit was already .000001 BTC, therefore a microbit is 1e-12) and is logical for the general population. If anything, we haven't planned ever more than a few months ahead with Bitcoin so far.

I appreciate the thought behind this sentiment, but I think I'll let the Chinese pick a meaningful unit. I can only read Mandarin at about a kindergarten level, but since 1 BTC approaches the magic 8888 CNY, I have to assume they're talking about the same thing. I figure, with the economy relatively half-and-half, we'll need a word of our own for a while, and so will they (can you imagine, at this stage, trying to convince a self-described "american patriot" to invest in a Chinese-named currency? The public, and in most countries, not just the US, wouldn't be receptive at all, not in 2013. We'll get there, but it's too soon -- we want to let Bitcoin be a subtle tool of unification, not a blunt instrument), and as the world unifies as "people" over countries, we'll each know each others' words. At that time, we can collectively decide as a culture which word will win.

bytes sounds good to me.

I think this is a good idea. mBTC = bit?

A more common conclusion (one which I share) is that with the speed of adoption and some of the things that are being rolled out this fall / spring, we should skip mBTC as a named unit altogether and just go with 1 bit = 1 uBTC, as in 1,000,000 bits in a Bitcoin. People will have no trouble talking about things up to units of 1 million. They do it all the time now. Using bits up on mBTC will immediately create the problem again very soon for what to call uBTC.

• 100 Satoshis(?) in a Bit. (Maybe these will be Bitcents or something, idk.)
• 1000 Bits just is 1000 Bits. Or a kBit. Probably more like, 1K Bits, in writing, no different than dollars. "A cup of coffee currently runs you around 6K Bits at Starbucks." I doubt people will run into confusion regarding data vs. currency. Particularly since the whole point is that data CAN be currency, it's rather fitting, the correlation, for the average joe.
• 1M Bits. Just like dollars. 1 million Bits in a Bitcoin.

Maybe, like cents, the symbol can eventually be a lowercase "b" with a hashmark or slash or something like BTC uses.

I am thinking metric-term + "Bit"; for example 7 CentiBits

After all, it is "BitCoin", it makes sense to keep the "Bit" when describing the fraction of a BitCoin as this would connotate we are speaking of Bitcoins.

Likewise for LiteCoin use MilliLite etc

Ticks, Clicks and Micks,

Maybe with the B in front of it.
B-ticks, B-clicks and B-micks.

It should roll nicely of your tongue.. I wouldn't try to incorporate the 'meaning' of the decimal places in the name.

Agreed. What I was hoping for that there is a word that crosses over / has meaning to both cultures/languages. A win/win word.

Moo

open ended poll

do it already  ;)

Satoshi = sat
uBTC= you
mBTC = mil
BTC= bit

"Mil" will not be confused with million if you say "mils", ie. "That will be 2.56 mils please". You could also apply it to one ("one mils"), even if it sounds a bit weird at first. "Mike" makes sense for micro-bitcoins, and you could say "mikes" to be consistent with "mils".