Bitcoin Forum

So now that prices have risen and transaction amounts will be smaller in numerical value for exchanges,
I feel we need to have a word for 0.001 of a Bitcoin.    Bitcent, BitNick and BitDime  work well for 0.01, 0.05 and 0.10 BTC, respectively,
but what should we call a milli (http://en.wikipedia.org/wiki/Milli-)-Bitcoin  ?

I've been thinking a little.   I tried saying Milli-Bitcoin really fast a few times (ok it was more than a few)
and came up with   Milbice  -- or perhaps we just call it a "Bice"

Then I thought how its nice in numismatics for money to have a cultural identity,
perhaps we should call 0.001 BTC a "Sat" or a "Nak" in honour of Satoshi Nakamoto

Then we could call a micro BTC a "Gav" (for Gavin!)  

Anyhow I need a name to use for some upcoming Bonus Programs.  

What do you think should be the name?  Bitcoin Bonus (http://bitcoinbonus.com) will send 5 Bitcoins to the person who is the first to submit the winning term
which will be what we end up choosing to use for our site.  We'll issue a full report of all the terms submitted and the number of votes they received.  Multiple entries permitted (each must have a different term per person), submit any term you'd feel comfortable using.

Submit your entries here
 (https://bitcoinbonus.com/name0-001btc)

Once you've submitted your idea, I'd encourage you to announce it here and encourage others to vote for it at Bitcoin Bonus.
Wining term and winner to be announced by Sunday, May 22nd here!

--Darrell

How about just a Bit?

EDIT: to also propose the suggestion Bbit (pronounce "bee bit") and to second the suggestion of bitbit.

And just a random suggestion, perhaps the new unit name should belong to the 0.0001 denomination (cent of a cent).  We'll go through fewer names that way, less confusion.  The most useful significant digits will all remain near the decimal point (four to the left, four to the right of it), it could be the only new name we ever need.

I am not sure that SI patterns or prefixes are the way to go.  I occasionally use SI in regular speech just to be geeky (example, I like to say 5 "kilodollars" instead of 5 "grand"), and people look at me like I'm nuts and often don't even know what I mean, even though it should be obvious.  No one seems to expect to see money measured like kilograms or millimeters.

Beyond the currently accepted "satoshi", I don't feel fond of honorary names ("gav" etc.), these seem like they could be a turnoff.

singular - milli
plural - millies

1milli
10 millies

I always liked btch (h == hecto)

h on the end becasue it is sub hecto, h in the front would imply a hecto of them.

1 btch == 00.001 btc
1 hbtc == 100 btc

Make sense?

kilo is next up the ladder from hecto so...

1btck == 00.0001 btc

For some reason I don't like the sound of milli bitcoin.

My $00.02


Award money goes here --> 16XsR5E7HLckohNgYUZ52QQDvnr8Nn2mYG

Great point.  I don't think we'll know until this all shakes out in a few years.  I hope to have future contests as needed.

Make that a "bitch" so it's easier to pronounce.

Cent is from centum means hundred in latin, and mille means thousand so

1 Bitcoin = 100 Bitcents = 1000 Bitmils

Millies, as a friendly form of millibitcoins.

I like it because it goes with Mikes, a friendly form of microbitcoins, and someone is sure to do a nice logo of Millie and Mike.

Millies have a nice sound to it. Mikes - I'm not so sure about
I would call 1/1000th a Millibit for business (semi-official of Millibitcoin) and Millies in casual dealings

Another idea to give names basing on how many times you have to divide Bitcoin by 10:

1 Bitcoin = Bitcoin
1/10/10 = 0.01 Bitcoin = Dibit
1/10/10/10 = 0.001 Bitcoin = Tribit

Use greek prefixes mono, di, tri, tetra, penta, hexa, hepta, octa, nona, deca

1 satoshi = 1 credit (bitcred?)
1 BTC = 100M credits
edit: 1 bitcent = 1 megacred
.001 BTC = "100k credits, 100 kilocreds"

millicoin
0.001 BTC = 1 mBTC

Millie and Mike could even be friends with Bob and Alice

The problem is that none of us probably have enough influence to get a unique name like 'Gav' to really catch on (unless it was especially catchy), so it would have to be immediately intuitive to anyone who saw it that you mean 0.001 Bitcoins. Using milli- is the most obvious, but milliBitcoins doesn't exactly roll off the tongue. I would recommend shortening it to something like "mCoins", and then abbreviate as mBTC until perhaps mC catches on. But, that's just my two Bitcents. Someone will probably have a better idea and we'll end up using that instead.

Well we're gonna have to do this again when we get down to microbitcoins... the advantage of defining 1 satoshi = 1 credit now, is that we never have to deal with this again

Why use the confusing term credits?  Facebook uses that term already, as do many others.  Satoshis aren't used anywhere else.

I could see that term becoming more widely used.

The equivalent to a $9.75 USD online purchase of a movie ticket would be 114.7 mSats  (megasatoshis)  (at today's  BTC/USD exchange rate of $8.50)

To send a micropayment to a blogger using YouTipIt, for instance, 3 msats (worth just about $0.25 USD)

After some more bitcoin deflation, micropayments will be priced in terms of hundreds of kSats (kilosatoshis) while more significant amounts still can use mSats.

That could work!

As much as I am a fan of SI, mega, milli and micro might be a bit confusing for general public. Why not just call it - millies, mikes and satoshis?

1 MilBit, 2 MilBits

In the hopes that there will never be such inflation, so that the term should rather stand for 1 Million BTC.

...and enemies of Fannie and Freddie.

.001 or .0001 BTC could be empowering.

I resist a psychological argument for any changes in bitcoin. Most of the time such are proposed by elitists who wish to insult the community by suggesting that there is no self-motivation (MOJO) in the culture or the community.

A small contribution can be amplified if others feel little resistance to contributing in small amounts.

I submitted Bit-Tot. That'll be 845 bit-tots , or 845 btt.

In case you don't like the hyphen, I also submitted bitbit. 845 bb.


They both have the advantage of sounding like toddler food or baby dinosaurs. Which implies that real men only play with real btc (jk).

edit: now I have decided the tidbit is my main entry.

point zero zero one bee tee see

0.001 BTC = 1 mBTC


1BRsTuYvGB5ALSTuk7GXb8R5kkW5j9ic3C

+.001

:)

Why not let a thousandth of a Bitcoin be one Mill (http://en.wikipedia.org/wiki/Mill_(currency))? Then 'Millies' can be the informal form.

How about you first pay out the bonus you owe me that's been in "payment pending" for about four weeks now on your site.   :P

Did you claim it?

s/general/general US/

Cheers,

I think creating names for 0.001, 0.00001, etc. is silly.
Just use two different units BTC and something like satoshi/bitcoinunits/bitcreds/credits representing 0.00000001 BTC.
The problem with milli/micro/nano is that when you get a bitcoin amount like 0.00245678, what random btc name do you use..?

Also it's a LOT easier to tell the size of something when it's larger because of commas and no leading zeros:
eg 34,400 BCU vs 0.00034400 BTC

That would be 2 millies, 456 mikes and 78 satoshis
or
245678 satoshis

A party at the Playboy mansion?

I think that the best way to give .001 bitcoins a name is to call it a bitmill.  People say abbreviate bitcoin as BTC, so similarly, a bitmill will be abbreviated as BTM.

One dime could be .1 BTC
but .09 bitcoins could be called 90 BTM or .09 BTC.

In a summery, people should name things as bitcoins or bitmills, no bitcents (since BTC could stand for bitcoin or bitcent).  Bitmills could be abbreviated as BTM.

I propose "Wei" (pronounced "we" or "way") to acknowledge the true inventor of bitcoin, the mysterious and low-key Dr. Wei Dai.

"There are thousand ways in bitcoin"

I really like this one - it follows a set pattern and is easily memorable. Additionally, it means we won't have this debate every time a decimal point moves... Definitely my vote!

Millie for .001 is the winner, imo.

May I propose 'milray' for .0001?


12GHuMPPZDxDqtZZS6wP2FTv2c4V4KPohW

by far the best discussion. it has something the other suggestions lack:
- it scales
- it sets the matter down to the smallest unit, once and for all
- it is logical, a very important prequesite for the units that will be the most common ones once btc is widespread

:D :D



But bitcoins are only divisible upto 10^-8, so why not just use the atomic state of bitcoins to discuss bitcoins in small quantaties as it is a unit that can even be fairly easily be used to describe larger quantaties.

I like "mills" or "millies".

The new default transaction fee is 5 mills per kilobyte, by the way.

It teaches people how to count in Latin.

of course it fails at deca since thats 10 BTC not .howmanythefuzzthat'ssposedtobe

then again doesn't bitcoin stop at 8 places?

Anyways

Mine is the Do bit
Ahem

Do bit do bit
Da ba da ba di bit
Di ba da ba do bit
Da bi do bit do bit

Do bit do bit
Da ba da ba di bit
Di ba da ba do bit
Da bi do bit do bit

Duh bit da bit di bit da ba
Duh bit da bit dididi da bit

Duh ba do bit di bit do ba
Duh ba do bit dididi do bit

Do bit do bit
Da ba da ba di bit
Di ba da ba do bit
Da bi do bit do bit

Do bit do bit
Da ba da ba di bit
Di ba da ba do bit
Da bi do bit do bit

Duh bit da bit di bit da ba
Duh bit da bit dididi dididi

Dididi do bit dididi dididi
Dididi do bit dididi dididi

Di didi dididi didi didi di di di dibada dibada dibada di di bada dibada dididi diba dibadada dibadada di di diba daba dida di di dibada diba dada do bit

So um. Sinatra vs Latin lessons. Tough choice. :)

This is a better suggestion, further, nobody wants to change what they are talking about every 10x.  We're all used to changing every three 0's (eg, one thousand - 1,000, one million 1,000,000).

I would take the OP's logic and build from the base like you.

1 bit
100 dibit
1,000 tribit
1,000,000 hexabit
1,000,000,000 nonabit

This also loses the decimal completely, not sure why it's even used.

I had one more random idea: CUBE.

Acronym for Convenient Unit of Bitcoin Exchange, but just written cube.

Just think of the Bitcoin logo on a golden cube.  Think of a stack or pile of such cubes, sized like dice. Lots of image possibilities and it doesn't sound weird. Also connotes a small tangible object just like a coin.  A currency symbol (sort of like dollar's ¢) could be based upon a superscripted 3 with a vertical line. It might be called a cube or bitcube interchangeably.

If this gets liked and gets any traction I would strongly propose it refer to 0.0001 BTC not 0.001 BTC or we will be starting a trend of needing names for all 8 decimal places, messy as pre-decimalisation GBP.  I would rather see it be one name at 4th decimal place so we may never need another name.

man my song is at the bottom of the previous page lol

do bit - what will you do in the world with a tiny bit of influence?

In many fiat currencies, a particular denomination of note displays a particular important figure, with the lower the value (and therefore the most commonly used note) is the most important person.  Of course, these people are usually already dead, and as far as we know all of the important persons surrounding Bitcoin are not.  But since Satoshi is IMHO the most important person, and Gavin is very close these days; .000001 bitcoin should be a Satoshi and .001 should be a Gavin.  There should not be a name for a bitcoin denomination beyond the sixth decimal place.

I suppose most of us will pronounce it as
one bitch

So, Warren, wannt You say "I always liked btchs"?
;D

Someone mentioned this in the tweettip thread:

1 mBTC = 1 internet
1 BTC = 1000 internets

Came up with another one. The tidbit (aka tBC aka tidbitcoin).

You can thank me later  8)

I kind of like the idea of "mick" with no 's' as in:

"Hey, can you loan me 50 mick?"
"Apples are on for mick and half at the grocer."
"Hey, you still owe me a mick for the last time you bet me BitCoin wouldn't double again."

'Mick' being of course short for "millicoin" which in formal settings is much less of a mouthful than "millibitcoin".  It would have an easy and natural abbreviation (mC) and would also provide a standard format for future extension ("nick" for nanocoin "pick" for picocoin etc.).  Plus, it's fun to use!  200 mick says this option is the one that gets chosen.

1 satoshi  =  1e-9 BTC (since it/he doesn't really exist)

0.001 BTC = 1e-3 BTC  = = 1 millibitcoin  =  1 million satoshi  = 1 mill


I propose "1 mill"


we can have two camps one going to the left of the decimal, the other to the right and things can be thoroughly confused (and conflict with abbreviated millilitres and milligrams) but they will both agree on the mill.

I suggest to trivially adopt a name of an existing small coin, which rates 1/1000 to its base currency unit.

1 ฿ =
=1000 bitfils (  one bitfils=1btf    http://en.wikipedia.org/wiki/Fils_%28currency%29)
=1000 bitmillims (one bitmillim =1mbtc=1btm        http://fr.wikipedia.org/wiki/Millime)

=10⁹satoshi (1shi)

I'm absolutely agree that 'satoshi' is a fine name for the least part of btc.
 

I don't know bout y'all, but I'm going to start using the Dibit, Tribit, etc. nomenclature...

mBTC - mills ftw! A single syllable and easy to understand.

How about Lilbit?  :-)

A lillbit of this a lillbit of that? Baby I just need a lillbit  ;D
http://www.youtube.com/watch?v=GllEDACUbNo

damn 50 cent is satoshi!!!!

I've tried to submit it a couple times but I got the following error:


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    [title] => What should the name of 0.001 BTC Be?  Submit your entry here!
    [body] =>

   



   So now that prices have risen and transaction amounts will be smaller in numerical value for exchanges, I need to have a word for 0.001 of a Bitcoin and I know everyone else does too.   Bitcent, BitNick and BitDime work well for 0.01, 0.05 and 0.10 BTC, respectively, but what should we call a milli-Bitcoin  ?

   

   I need a name to use for some upcoming Bonus Programs.

   
…  A few pages more of code which I decided not to copy…  I figured this was sufficient.

What should I do? To check your database, I'm using this ID.

@mewantsbitcoins:

:-) awesome.  I was thinking more along the lines of Aretha Franklin but this will do.

BTC = RESPECT

Give me some of that BTC, find out what it means to me.

http://www.youtube.com/watch?v=z0XAI-PFQcA

As for 50 cent being Satoshi, I don't think that 50 cent knows how to spell "Satoshi."

A coinbit :)

I like using the slang of "millies" and "mikes" for the more formal "millibits" and "microbits", respectively.

These names are very easy to remember, for those of us that understand that 1 milli = 1e-3 and 1 micro = 1e-6.  Certainly almost everyone on this forum is going to intuitively grok that nomenclature.  It also gives me the mental picture of a bill with a face printed on it, in the same way that the term "Benjamin" refers to a $100 bill.

[Edited]Also, it appears that we already have general consensus that 0.00000001 BTC = 1 satoshi.

http://gobarbra.com/hit/new-e3911045c62c35ace3732c5dc91fff6f

+1 to mBTC

Let's not complicate things too much...

mBTC is fine for .001btc for the moment, trades on exchanges should probably remain denominated in BTC for the near and medium terms.

Reasons "credit" is better than "satoshi":
-It's only two syllables and scales well with SI prefixes (kilocred, megacred [.01btc], gigacred [10btc], etc)
-Universally accepted in sci-fi culture as 'money of the future'
-The name itself implies value
-It's two syllables

while we are juxtaposing any manner of syllables ...

.... how about "bitcred" or "credbit"  ??

I don't like "credit". Bitcoin is not based on credits. Bitcoin by design promotes savings over credits. "Credit" sounds like world government fiat inflating money not voluntary "anarchistic" P2P currency.

I find "it's described as 'money of the future'" argument ridiculous. Sci-fi literature with "credits" usually describes future that I wouldn't want to live in (all powerful worldwide/space government and corporations). The fact that it's universally accepted in sci-fi culture almost looks like some Keynesian conspiracy ;) I vote NO to any "credit" connection.

If I would have to use something "futuristic" Crypto would be better in my opinion. But I think Satoshi is good name.

crypts

cryptobit

cryptbit

It would be downright foolish not to just use SI units. People can cope.

I agree with the abbreviation mbtc, the formal conventional form, millibits, in formal long form, millibitcoins, and in slang, mills or millis,

I like this.
I also like the idea prefixing the amount with the number of leading zeros so there is no doubt:
.0001 = 3฿1
.0000023 = 5฿23

From page 1 +1

I vote for "BITMILL"

Easy to remember, difficult to get confused in common speech or in text.  I like it.

+1

I like:
Littlebit
Itsy Bit
Teeny Bit
Smidgen

Despite my stated non-preference of SI for this, I actually like this too.

We already call 0.01 BTC a "bitcent".

For the smallest unit (.00000001) how about "bitbyte"? 

I also really like the "dibit" and "tribit"... very smooth to say if you assume a soft "I" sound in the first syllable.

bitcoin = +1
bitcent = 0.99
bit = 0.0099
:P just bit.. who needs more than that? its just a bit!

Rule 34 has just been invoked.

We call that, the satoshi.

Haha, nice.

Not sure if this has been mentioned, but a millcoin makes the most sense to me.  1 mill = 1/10th of a cent.

mBitcoin is also another good one.

generally coinage is counted in double digit or tripple digit groups..
99 cents, 50grand, so forth..
milli is essentially a penni-dime or .0010 its a sensical way to do it mathmatically, but in currency, you want .00,00,00 or .000,000
I think this is more the fundamental thing we need to think about.

I agree with you, which is actually why I'm so vociferous about this. I kinda wish one "bitcoin" was defined as 10e9 satoshis, since it would have made 1 satoshi = 1 nanobitcoin.

Currently, 1 BTC = 1000 mBTC, 1mBTC = 1000 uBTC, 1uBTC = 100 satoshi/credits.

The SI prefixes working upwards, e.g. 'kCredits' and the SI prefixes working down, e.g. 'mBTC', are incompatible as they're off by one decimal place. mBTC is a sensible denotation and I intend to use it for now, but in the medium/long term we will be dealing with much smaller units, and we'll have to argue about this again.  Let's say a cheeseburger costs 0.0002 bitcoins. Maybe that price will be written as "0.0002 BTC" or ".2 mBTC" or "200 uBTC", but I think it's more likely to be "20 kilocreds".*

*for several reasons - one, it's a true unit of account. two, lots of people don't understand decimal points. three, merchants will prefer non-decimal denotations of prices. four, again, it's fewer syllables, which imo is really important.  

Hopefully 1 dollar.

"BitLit" is a good name too!  ::)

SmallBit or MilliBit?

How about just sticking with BTC (and whatever symbol we finally agree on eventually) and using scientific notation? 1E-3BTC for 0.001, 1E-8BTC for one Satoshi etc

You guys crack me up. It's pretty-much a law of disruptive technologies that they fail if they try to do too many things at once.

If you want the public to use a new money system, you can't also expect them to use an unfamiliar system of numbers. That would restrict the target users to the intersection of those who are interested in new money systems, and those who are interested in unfamiliar numbering systems.

The fact that the general public doesn't use scientific notation anywhere else, suggests that they won't want a money system that adopts it.

So, if you want BTC to succeed, scientific notation is out. Tonal notation is out. Greek suffixes are out. The SI (metric) prefixes (milli, micro etc) I think are OK. They are already familiar to most of the world's population, and even the 'Merkins will get the hang of them eventually.

and Microsoft too ... as the actress said to the Bishop! :)

+1

• Teracoin (just kidding, there aren't so many)
• Megacoin
• Kilocoin
• Bitcoin
• millicoin
• microcoin
• nanocoin

Keep it systematic!
Although calling the smallest unit a Satoshi would be great too.

What ribuck said following your post. Also: WAY too many syllables. We're discussion shorthand here. One E minus three B T C is NOT shorthand.

I would just call them credits.

I think that this discussion is not very relevant, because general public will decide which option is the best anyway because of Network Effects (http://en.wikipedia.org/wiki/Network_effect).

After one option is selected by the most of people, there will be no stopping it.

With a strong sense of irony, I hope, since they are designed to be the economic opposite of "credits".

How about:
1 = bit
0.01 = 10^-2 = nit
10^-4 = mit
10^-6 = dit
10^-8 = pit

or substitute for your favorite 1st letters.

Actually, maybe nit and mit might sound too similar, e.g. over the phone, "WHAT, you're selling your car for 99 nits???? That's a hundred times more than I expected,... ahh, mits, mits, now I understand. Haha, I thought you said nits, haha."

A car for 99 mits... hmm, that'd be about $200,000 per bit, depending on your definition of car.  Guess it'll take a while to get that high, though if it went up a factor of 10 every month, like last month, then we've only to wait until 2012 at the latest.

How much for tit?

BITcoin
BITcent
...
BITlit

 :D

bitlet

or nitcoin

Either bitcent, bitmill etc.. or millicoin, microcoin, nanocoin etc..

I think that using prefixes is more practical than suffixes, but suffixes are more traditional so both systems have advantages.

With money people aren't used to the fractional SI prefixes, just writing the letter in small caps might not be enough to avoid confusion...

Bytecent  :D

millibit
millicoin

Since the value of Bitcoins most likely will raise drastically I'd recommend using the smallest unit in the currency as basis.

Like for example the Japanese Yen does.

Price Numbers seem to be rather high compared to other currencies, but as seen by example it works.


so 1E-8 BTC = 1 Bitcoin
or 0.0000001

The only problem would be to bridge the gap aslong as BitCoins aren't as valuable.
There you can throw in filler units:

Like 1 BitCoinCluster for the current 1 BTC setup instead of 10 million BitCoins
and another unit for the transition between the two:

demi- or di- (Bit)Coin - ( demi = half ) which deals with 1E-4 or 0.0001 of the BitCoinClusters or 1000 BitCoins
160 di(Bit)Coins would approximate to about 10 cents/0.10$ at the moment.


1 BitCoinCluster = 10000 diCoins/demiBitCoins
1 diCoin = 1000 BitCoins
1 BitCoin = 0.0000001 BitCoinCluster

10.000.000 BitCoins = 1 BitCoinCluster
500.000.000 BitCoins = 50 BitCoinClusters ( upon each successful solve )

The prefixes could be:

BitCoinCluster -> either remain 'BTC' ( so the market dimension doesn't necesserily need to change ( like when 1 BTC suddenly is only 1E-8 of the previous BTC )) or 'BCC' for better fit
BitCoins -> depending on the Clusters either 'BTC' or just 'BC'

'BC' would be a gimmick since it is usually used as "Before Christ" and BC(BitCoins) are before BTC(BitCoinClusters) so it would make 'BTC' the initial coin into "Christ" and rendering the creator of these namely "Satoshi Nakamoto" into "our Savior".  ;D


also instead of solid prefixes something like:

C-Coin(Cluster-Coin)
D-Coin(Demi-Coin)
B-Coin(Bit-Coin)

could be used.

SI units will win in the end.

Mibit, short and sweet!

Well, while we are at it, let's reserve µbit (myu-bit) for millionth part of a bitcoin,

Here are submissions so far, in roughly reverse alphabetical order:

zibit

ubitcoin

TriBit (2)

Tiny-Bit

tidbit

tBit - pronounced tee-Bit; t as in one thousandth of a BitCoin

nibit

Nibble

nanocoin

Milth

millie(s)

millicoin,milicoin (9)

millicent

milliBitty

Millibitcoin

millibit,milibit (15)

Millebit

millcoin

MillBit

MiliBit

miliBC

milbtc

MilBits

mil

Microcoin

mic

mBTC og 1000-parts

mBitcoin

m1, 2m etc.

Little Penny Bitcoin

Litbit

LilBit  (2)

Kris

groat

farthing

do bit - at this small size it's no longer a question of value but principles - what will you do in the world with a tiny little influence?

credit

Bity

BittyCoin

BittyCent

bitty bitlet (then 0.01 is a bitlet, then 0.01 is a bit, then 1.0 is a bitcoin)

Bitty (plural form: Bitties)

bitty

Bitping

bitney

bitmillit

BitMillen

10 satoshi's

BitMill, Bitmil - (10)

Bitmi

bitly

Bitlet, bitlit (4)

bithun

Bithou

BitDots

Bitcoin atom

Bitchit

bitcent (2)

BitByte  (2)

bitbit (3)

Bitbat

Bit-Tot

Bit-Mini

bit-hundredth

bit

BB

bantam bit

BajtCent

Amir

bitpence

bitk, pronounced bit-kay. Simple, short, and 1000 bitk would be one bitcoin.

bitillion

I'd encourage people to look over all of these and continue the discussion about what is the most useful name.  Spelling isn't so relevant for now, its the phonetic sound I'm curious about, I've doubled up those suggestions that have the same sound.

AntiVigilate suggested:
"do bit - at this small size it's no longer a question of value but principles - what will you do in the world with a tiny little influence?"

I really like this suggestion, it indicates and celebrates the fact that the Bitcoin community is an open source community that relies on the contributions and efforts of its members. Its in many ways a "Do-ocracy (http://www.communitywiki.org/DoOcracy)".

One of the more recent criticisms of Bitcoin is that it is a scam that only benefits only the miners and initial users (http://www.quora.com/Is-the-cryptocurrency-Bitcoin-a-good-idea).   This will turn out to be the case if the community of people using Bitcoin don't continue "Doing" thing --writing shopping cart software, making web applications that allow for transacting, trading, managing, and using Bitcoin, preferably in an open source manner.  Other ways to contribute include advertising Bitcoin, learning about it and explaining it to others,  working to defend Bitcoin's legality, making it easy to generate tax records as needed for the use of Bitcoin,  and keeping Bitcoin's image and value as something that is useful for a wide range of transactions strong.     I'm not too worried about finding a few people who will use Bitcoin, but I am concerned that there could be a general consensus by many people that Bitcoin is a "Bad Thing" and shouldn't be used at all.

I think its important for people to remember that with using Bitcoin comes a responsibility for sharing the effort of building out many legitimate uses for Bitcoin and allow it  'To give us control over our finances by establishing a stable, secure, global, "democratic" currency.' to quote Gavin.  This won't happen without a lot of "do"-ing by many people who want to be Bitcoin succeed.  To that end, I think that to name 0.001 of a Bitcoin a "Do Bit" and even publicize it as to why we (might) choose this name, to serve as a reminder of service for the collective good, as seen by the many individuals in this Open Source project would mean a lot and look good for this effort.

People are naturally going to ask for a long time where whatever the name for 0.001 Bitcent ends up coming from. While we could just use a name based on existing scientific naming conventions, if we take an opportunity to add more cultural value to the name, we can make the social aspects of Bitcoins stronger.

I know that I'm being over optimistic that we here in this forum might actually be able to come up with it - Thanks for the point about the Network Effect (http://en.wikipedia.org/wiki/Network_effect), ShadowOfHarbringer.  But if we had a chance to set it, and have the back story about why many people started calling 0.001 bitcoins "Do Bits", that is, to encourage users to "Do things of value to the community of Bitcoin users, based on principles of OSS & Do-Ocracy", I think we'll be able to put off most of those who see Bitcoin as a scam.  I don't want people to "Do" blindly, or just because they'll get a good investment out of Bitcoin, I want them to "Do" because they see the value of an open source based financial system and the gifts of transparency, ease of transaction and more that it offers.

Perhaps there is another name which does an even better job of summing up the culture and values of the Bitcoin community other than Do Bit (DoBit)--I'd like to hear about it. 

Sorry if my idealism is uncomfortable, I'd be interested to hear what others think.  Thanks for the great suggestion, Anti Vigilante!   

I vote for "mil".

It's short and sweet.  It's technically correct.  It's ambiguous enough that Americans won't immediately think of it as having very little value.

Maybe "Bick" to remind "Buck"?
But on second thoughts, it sounds a bit like "dick".

I can't say "bitbat" with a straight face.

Bounty

Thx - Speaking of which, 2000 do bits for a good C programming cheat sheet (multiple (gnu extensions preferred). I need to get out of my fear of PCRS (Program, Compile, Run, Sacrifice virgin routine). It's just that I've seen C code and the amount of bootstrapping for doing file reading and networking is um, hideous. Assembly language is less insane. Not joking. Still it's a stumbling block I picked up because of a learning disability I finally resolved so I'd like to crack that glass ceiling once and for all.

I mispell and leave out syntax (Kate editor / Emacs both help but I still have jitters). I suppose this reveals my Kryptonite but I don't care. I'm asking for help and I promise to return the favor with some new bitcoin software.

Cubit as in Cube Bit as in Cube it. :)

Spoken it sounds too much like "qubit" which will eventually be confusing once quantum computers are a reality.

I'm a meme hacker. I use cider war and cider terriblism to cause fits and seizures in ppl who try to scare us about computers.

I can't beat bitbat for explosive power.

Stolen.

Still I like the do bit as a name. And I put up a bounty for 2000 do bits. What will you do in the world with a tiny little influence?

Fermented apples?

How about a Myte?

Combination of Milli and Byte

There are pretty negative and wrong statements on BTC in the press, suggesting there is an actual shortage of granularity in the payment system, quoting techcrunch: "And, crucially, no more than 21 million will ever exist.".
To overcome this big hurdle of perception i decided to suggest a complete SI-style renaming system in the dev forum, heres a link: http://forum.bitcoin.org/index.php?topic=9299.0

Well, you're right, but I think it has such memetic potential because it's an Inherently Funny Word, like "shoehorn" or "platypus".

I'm still advocating for bitmill for several reasons.
1. People can easily attribute BITmill to the bitcoin service.
2. It follows the pattern of BITcoins BITcent, blah blah blah.
3. A mill is a legit piece of currency within the Unites States.  Gas prices have a mill price at the end of the price.
4.  It flows together in a phonic manner.
 

The reason I liked tidbit when I came up with it because tidbit is already a word that indicates a small quantity that manages to not be insignificant (ie it reveals enough) and I thought it would be cool that anyone who wanted to start with bitcoin could go to the faucet or similar site in the future and get a few tidbits to start their journey. just a couple of tidbits and they would feel compelled to know more / would go deeper into the bunny hole. After putting enough tidbits together they would have a new understanding (or a whole bitcoin).

1 = bitcoin
0.1 = little bit or "little"
0.01 = little bitty or "bitty"
0.001 = itsy bitsy or "itsy"

Each is aurally distinct.

1 BTC = 10 MegaSatoshis? (just checking if my math is right)

Tiago - Nope, 1 BTC = 100 megacreds / megasatoshis

You didn't include my "coinbit" :(

Satoshi!

1 BTC = 0,001 SAT
1 SAT = 1000 BTC

Like! Easy.

Million =  1,000,000 BTC
Thousand = 1,000 BTC
Bitcoin = 1 BTC
Bitcent = 0.01 BTC
MilliBitcoin = 0.001 BTC <- Current value ~7/10 cents.
MicroBitcoin = 0.000001 BTC

The world has never seen a currency that was divisible further than .01. This is actually a very interesting issue to me. Here is a few that may work.

0 decimal place - 1 - Bitcoin - BTC

3 decimal place - .001 - Token - mBTC

6 Decimal place - .000001 - Tidbit - µBTC

8 decimal place - .00000001 - Waif - wBTC

Waif is a word for stray or single. I thought it would be appropriate for the smallest denomination of bitcoin.

I could just see the financial news one evening saying: "the DOWJONES industrial average ended the day a 'littlebit' higher today, but this is still down from 'quiteabit' yesterday.

I just wanted to throw in "NIbble" because it sounds cute. Plus it stands for a half-byte so what the hell. ^^ But I'm not gonna register on that strange Bonus site since even when logging in with OpenID you need to create an account, which I think totally goes against the idea of OpenID. ;)

If you like my idea, feel free to send a few Nibbles my way: 165xtcXSciSXg32y6X43xd81PAqNVGnGzb.

So its now Monday the world over and the votes are all in at Bitcoin Bonus.  Here's the final list there:

zibit

ubitcoin

TriBit  (2)

Tiny-Bit

tidbit

tBit - pronounced tee-Bit; t as in one thousandth of a BitCoin

smilibit

nibit

Nibble

nanocoin

m฿

mint

Milth

millie(s)

millicoin (8)

millicent

milliBitty

Millibitcoin

milliBit (mB)  (15)
 
millebit

millcoin

MillBit

milicoin

milibit

MiliBit

miliBC

milbtc

MilBits

mil

Microcoin (2)

mic

mBTC og 1000-parts

mBitcoin

MBC (pronounced like the letters)

m1, 2m etc.

Little Penny Bitcoin

Litbit (3)

Kris

groat

Free

farthing

do bit - at this small size it's no longer a question of value but principles - what will you do in the world with a tiny little influence?

credit

Bity

BittyCoin

BittyCent

bitty bitlet (then 0.01 is a bitlet, then 0.01 is a bit, then 1.0 is a bitcoin)

Bitty (plural form: Bitties) (2)

Bitping

bitney

bitmillit

BitMillen

bitmill, bitmile(11)

Bitmi

bitly

bitli

Bitlet (3)

bithun

Bithou

BitDots

bitcoinmill

Bitcoin is very good.

Bitcoin atom

Bitchit

bitcent (2)

BitByte (2)

bitbit (4)

Bitbat

Bit-Tot

Bit-Mini

bit-hundredth

bit

BB

bantam bit

BajtCent

Amir

A bitpence

A bitk, pronounced bit-kay. Simple, short, and 1000 bitk would be one bitcoin.

A bitillion

1 Milicoin = 0.001 BTC

0,001 bitz


So with that, we had 15 votes for milliBit:  it is the winner, although it will likely be abbreviated down to be Mill/Mille as Gavin suggested.
zeploum was the first to suggest this, along with 'mille'    Congratulations!

I'm also awarding AntiVigiliate 5 BTC for his suggestion of Do Bit.  I'll likely use that at times in the hopes that it becomes an informal name for 0.001 BTC, the same way that we have crown, farthing, sovereign and guinea for Pound,  or Buck for Dollar. 

I like whoever suggested "hopefully 1 Dollar"!

Thanks for everyones thoughts and helpful suggestions.  Let the Network Effect take over from here and lets see what sticks!

Great option, BitcoinBonus  ;D

Thx :)

Made my morning to be down $.17 in 'valium' and 5 BTC up in 'howmuchigots'.

Has anyone even considered a bitpip?  The other currencies are like penny, nickel and dime; shouldn't we go with the next smaller pip?

I like millibit myself. 

As said before it lends itself to be used a millie, and could end up being a common transaction amount.

1 Bitcoin
.01 Bitcent
.001 Millibit

and so forth.

Skysurfer808

I propose we call them Bints

Bitcoinbonus is probably a scam - my BTC for registration have not been paid since days and now the bonus has simply been cut to a quarter of the original value >:(

It's the most sane name. Calling them "mill" or "millies" risk causing confusion with "million" though (esp. if capitalizing!). As suggested in another thread, mBit ("embit" - two syllables) sounds nice.

I got a few thoughts here...

First of all, I know there is an understandable move to NOT using actual currency denominations, "cents" "pennies" "dimes".  Most of us will be very comfortable with this, but there are many who use other currencies, who may not.  Also, aren't we semi-revolting against paper/coin currencies?

Second:  Making up names like "bitmil" or "bitsies" or whatever will be very confusing, because in basic conversation, it may take a very long time of regular use before we become that comfortable with whether a "bitsie" is .001 or .0001 or .00001.

Therefore I suggest using more of a route of what we do when we use base numbering systems larger than base 10.  We go to letters.

Therefore,

a-bit = .1 btc
b-bit = .01 btc
c-bit = .001 btc
d-bit = .0001 btc
e-bit = .00001 btc
f-bit = .000001 btc
g-bit = .0000001 btc
h-bit = .00000001 btc
i-bit = .000000001 btc
j-bit = .0000000001 btc

In every instance, we keep the "bit" nomenclature, and also use the letter to easily identify how many decimal places are needed.

What do you guys think?

Phoneticly that can be confusing.  But using a phonetic alphabet would work...

Bitcoin

.1 = Alphabit
.01 = Bravobit/Betabit
.001 = Charliebit/Gammabit

and so on.

 0.001 BTC=1 minicoin

You have to claim the bonus.

And the bounty for this is paid.

I'm not referring to the naming-whatever-bounty - I'm referring to the registration bonus which I claimed days ago and was BTC 0.02 at that time, but now has been changed to BTC 0.005. Its status is still "pending". Well that's not much BTC, but I still would appreciate this site paying what has been promised.  ???

j-bit  .... sounds like something you might find on the silk road (not that I've ever been there)

If the decimal place moves 6 places to the right as described in the other thread then this is a moot discussion, as fun as it is. Then we go back to super-naming instead of sub-naming.

Where has this bloody dobit thing come from all of a sudden? SI makes instinctive sense to most of the world: why would you ruin that? Just as we talk in megahashes, millibitcoins is the future. It's not creating some confusing new scheme, it's purely logical.

I think that instead of coming up with names for 0.001 and 0.000001 bitcoins we should seriously consider changing the value of 1 bitcoin. I propose that what now is 0.000001 bitcoins becomes the new bitcoin. If we want bitcoin to be widely used we have start thinking about how to make things simple for Average Joe. So, a couple of reasons why this would be better:

• Bitcoin sounds like a small amount.
• While milli- and micro- is very simple to understand for a scientific community, "a thousand" and "a million" is understood more intuitively by Average Joe. So instead of having "a microbitcoin", "a millibitcoin" and "a bitcoin" in everyday use it would be better to have "a bitcoin", "a thousand bitcoins" and "a million bitcoins".
• No currency that I have used have smaller amounts than 0.01 main units. Using the new definition of a bitcoin the smallest possible amount would be just that, 0.01 bitcoins.

I don't think that it's too late to make a change like this.

I would have to agree, but if we are going to move the decimal point, we need to do it sooner rather than later.

Instead of milbit, what about: milfbit

The standard going rate, then?

I hate having to agree with you, but the recent accident in Fukushima is a good example. Both mass media and the general public were completely unable to understand and communicate the difference between micro and milli - leading to headlines that there had been increases in radiation because TEPCO stated "14 microsievert" when they had previously said "0.6 millisievert" etc.

Falkvinge expressed similar views:

{amount}[k|m|u]

The amount 0.00141 could have been better written as 1.41m (1.41 millibitcoin), or 1410u for those who prefer (1,410 microbitcoin). It makes it much more readable. Readability is strongly preferable. (The k prefix works similarly for kilo and will probably only be used to buy mansions and luxury sports cars. I do not foresee a need for a mega prefix.)


http://falkvinge.net/2011/06/06/bitcoins-four-hurdles-part-two-transactions/

0.000001 old btc = 1 btc (so we'll still use "bitcoin", we'll just have  1e6 times more bitcoins)
0.001 old btc  =  1 000 btc = 1K bt = kilobit
1 old btc = 1 000 000 btc  = 1M bt =  megabit
1 000 old btc = 1 000 000 000 btc = 1G bt = gigabit
1 000 000 old btc = 1 000 000 000 000 btc= 1T bt = terabit

You use bitCOINS when it's a small number, but when it's a big number you don't use coins.

I'm completely with D.H.

all these prefixes and suffixes are a mess to handle by average Joe.

I've never seen a currency with more than two decimal places; how are you supposed to pay for you daily loaf of bread or newspaper?

How much for that .... (you name it)? 

You need to answer such a question with something which can be spelled easily; try to ask your grandma for some coins, are you going to ask her a few milli/nano something (not to mention a few btches)?

So, the bitcoin HAS to be equivalent to 100 satoshis (or 1000, if we want to use some of those decimal places), and from there we simply go up until we reach 1 million (new) bitcoins where we simply remove the decimal place which is there now and keep going up.

1 billion new bitcoins == 1,000.00 current bitcoins
1 trillion new bitcoins == 1,000,000.00 current bitcoins

and so on .

my 2s  (satoshis) :)

I'm sure that's what the guy who bought the 10K BTC pizza was thinking, too.

2.1 quadrillion satoshis is a lot of supply ... what if we have inflation? (just kidding folks)

my money is on the satoshi ... 100 satoshis to the bitbuck and go from there.

Although it doesn't really matter what joe average thinks or if he eve needs to, the computer does it all for him.

1 Coin = 10 bents = 100 cents = 1,000 dents = 10,000 fents = 100,000 gents

Bitbit.

thanks for the vote of confidence. As I said when I posted it, it has the advantage of sounding like toddler food or a baby dinosaur.

yeah. It' s also very simple.

throwing my hat in the ring: bitprom. or bithou.

(cause it's a thousandth)

just my 00.2 btc's (;

D.H. nailed it here.  This should be the new standard.

+1

Just call it what it is -- a tenth of a Bitcent.  Why does it have to be dumbed down?  I don't want to trade in BTC with morons anyway.  If you can't understand decimal places, gtfo imho.

Perhaps the Wiki should be updated to reflect this approach? https://en.bitcoin.it/wiki/FAQ#What_do_I_call_the_various_denominations_of_Bitcoins? (https://en.bitcoin.it/wiki/FAQ#What_do_I_call_the_various_denominations_of_Bitcoins?)

It should be called an "ibbit" or "ibit".

Pronounced ib-et, rhymes with ribbit - the sound a frog makes.

No! It should be called litllebit
http://www.youtube.com/watch?v=GllEDACUbNo

Damn baby all I need is just a littlebit

"cent" or "milli" sound like something small. People may feel uncomfortable buying 1 bit"cent" for 5 dollars, for example.
I like "Gavin" (not "Gav", Gav sounds a little funny in Russian). Or maybe think about some other human names. First of all, it must be beautiful and human-oriented, not necessarily compared with some bitcoiner.

Not sure if still useful to post here, but what about

0.1 BTC = a digidollar
0.001 BTC = a digicent

posting in a (i think resolved by now) necro thread

0.00000001 = 1 Satoshi
0.00001000 = 1 kilosat
0.01000000 = 1 megasat

just call them satoshis!!!

How about just "embee" ... mb .. mili-bit. 

20 embee' for that cup of coffee!  Has the added bonus of being abbreviated as mb or MB.  Might get confused with a Megabit or byte, though.. although if someone takes Megabits for food, that might be full of win.

I'll give credit and attribution where due, so don't accuse me if I'm accidentally borrowing too much.

"embee"   MBTC   (1e+6 BTC)   -short 'e' (I borrowed this, but changed the magnitude). <attr> Inaba.
"kibee"     KBTC   (1e+3 BTC)   -short 'i'
"bitcee" / "bickee"   BTC     (1 BTC)       -short 'i' and unique naming playing on acronym [ B ]i[ T ][ C ]ee.
"dibee"    dBTC    (1e-1 BTC)   -short 'i'
"cibee"     cBTC    (1e-2 BTC)   -short 'i'
"mibee"    mBTC   (1e-3 BTC)   -short 'i'
"ubee"     uBTC    (1e-6 BTC)   - pronounced "youbee" or alternatively "myubee" (I borrowed this).
"nabee"    nBTC   (1e-9 BTC)   - if necessary in future, or for amounts >= 10 Satoshis.

And for nickles and dimes: nickee/nickit (.05 BTC) and dimee/dimit (.1 BTC, or 1 dibee).

I tried to find as many unique pronuciations (prevent miscommunications) and maintain as close a resemblence to the metric prefix notation as possible. I also tried to keep it at 2 syllables. I tried one syllable, but it didn't sound unique enough.

Wha'dya think?

The ?ibee's would be a problem.  They are close to the should-have-been-aborted SI units, which, at least to AmGen speakers sound like baby talk and mush mouth, making them somewhat distasteful to say. 

So kibee, bitcee, dibee, cibee, mibee and nabee would probably not find wide adoption and suffer the same ill-fate as the SI prefixes. 

What modifications would work and keep the "common" numerical prefixes? How about a different suffix? Perhaps a -bits suffix would sound less "baby talk".

Sure - kibits, mibits, mubits, etc. I like that.

Also, the greek "μ" isn't pronounced "myu", it's more like "mu".

I appreciate the heads up, I've been pronouncing it that way for awhile now. Hopefully with the -bits suffix, it will sound a little more professional but keep the brevity roll-off-the-tongue convenience in every day talk.

I agree with Inaba. The cibee name for example sounds like a certain swearword in Asian regions. I prefer the -bits suffix too.

I'll give credit and attribution where due, so don't accuse me if I'm accidentally borrowing too much.

"embit"   MBTC   (1e+6 BTC)   -short 'e' (I borrowed this, but changed the magnitude).
"kibit"     KBTC   (1e+3 BTC)   -short 'i'
"bitcee" / "bickee"   BTC     (1 BTC)       -short 'i' and unique naming playing on acronym [ B ]i[ T ][ C ]ee.
"dibit"    dBTC    (1e-1 BTC)   -short 'i'
"cibit"     cBTC    (1e-2 BTC)   -short 'i'
"mibit"    mBTC   (1e-3 BTC)   -short 'i'
"ubit" / "mubit"    uBTC    (1e-6 BTC)   - pronounced youbit, oobit or moobit.
"nabit"    nBTC   (1e-9 BTC)   - if necessary in future, or for amounts >= 10 Satoshis.

And for nickles and dimes: nickee/nickit (.05 BTC) and dimee/dimit (.1 BTC, or 1 dibee).

I'll leave the nickles and dimes the same as they're kind of one-offs anyway. Also I left the single bitcoin as unique too.

Appreciate the input guys.

microbit.

How about we call it a gavin and the rest after the other developers.

millibit

When people talk about their own country's currency, the don't suffix it with the country name. They talk about dollars, cents, pfennigs, etc.

We should do the same. When it's obvious from context that we're talking about bitcoin, just use 'cents' and 'mills' (don't use 'mikes' - has some unsavoury drug connotations in my country). If you do need to refer to microbitcoin, just do it in terms of hundreds or thousands of satoshis.

This way 'satoshis' remains unique, and talking about prices stays simple.

I think it needs to remain simplified. In dollars we say 10 cents and 1 cent. Cent doesn't change, so why does it have to change in this case.

My proposal:

Everything before the decimal: bit|bar
Everything after the decimal: sat

When saying Sat we could extend the "a" so the word drags out a bit more. Spelt like "Sat", said like "Saaat(s)".

"bitcent" is the most straightforward name that everybody can understand instantly without any confusion

A lot of people already call 0.01 a bitcent,

0.001 would i guess be bitmil following that

FPGA hashers are 'bit mills'. Cut the 'bit', just leave 'mils'.

This

Or sometimes a thousandth of an inch it referred to as a "thou", so  "thoubit"

Yeah, I think I agree... keeping the bit suffix is the way to go. 

This. True.

BTW just realized than denominatons of 10K BTC could be called "pizzas" :)

This I like very much.

Millbit? I think that's the most realistic

millibit.

Accurate, easy, and short. 

Also the nice thing is that since bit (general nonbitcoin word) is a discrete unit there is no such concept of sub bit.  Therefore without spelling out "coin" it becomes disambiguous that the speaker is talking about only bitcoin.

Keep the bitcoins accord with the International System of Units.
So everybody will know how to call 0.001 Btc ,1 miliBtc.

Much easier for everyone and easier for globalisation.

I'm not sure what to call these things, but if you ever get around to naming 1 millionth of a bitcoin (0.000001) I get dibs on the name "Microshi".

And I get first dibs on calling the time period between February and June a "Mag".

~Cackling Bear~

PS: Glad to Matthew as his old self with him uploading another stupid avatar in 3...2...

I guess I thought people were already referring to them as millibits.

I've only seen bitmil and btm used, but in the end both millibit and bitmil keep to measurements and are easy to tell


maybe something like this?

0.01btc - bitcent - centibit - MEGA SATOSHI!   
0.001btc - bitmil - millibit
0.0001btc - 10 kilosat - 0.1 bitmil/millbit
0.00001btc - Kilosat
0.000001btc - bitmicro - microbit
0.0000001btc - 10 satoshis
0.00000001btc - satoshi

0.001 BTC = "one milliBTC" or one Millie
0.000001 BTC = "one microBTC" or one Mike

+1 for satoshi based naming. I prefer names that refer to multiples of satoshis rather that fractions of bitcoin. In example; Product X is on sale for 13 Kilo-Satoshis, which will over time be shortened to 13 Kilo-Satosh, 13 Kilo-Sats, 13 kS etc.

 

Kilotoshis

'Hey man.. got any S-Coin?!'

 :P

A  lily  silly

ZERO POINT ZERO ZERO ZERO ONE BEE TEE CEE.
Not ambiguous at all. :P

I vote for "lily silly".

1 BTC = 100,000,000 satoshis
1 XBT = 100 satoshis

1 BTC = 1,000 mBTC = 1,000,000 XBT = 1M XBT = 1 MXBT
0.001 BTC = 1 mBTC = 1000 XBT = 1k XBT = 1 kXBT
0.000,001 BTC = 0.001 mBTC = 1 XBT

At the moment:

$1 = 2160 XBT = 2.16 mBTC
1000 XBT = 1 mBTC = $0.46
1 XBT = 0.001 mBTC = $0.00046

Phase out BTC over time, because it'll just be too big.

Call it BTM = Bit Million , easy to remember : )

Yep. Something like this ... giving the one hundred satoshi unit a specific name is a good way all around. Better hurry though I think the Foundation is already working on getting XBT into ISO currency definitions.

third bitcoin :)TB

Coinlet ? :D

BitNugget

Satoshi's

0.1 = Sbit
0.01 = aBit
0.001 = tBit
0.0001 = oBit
0.00001= sBit
0.000001= hBit
0.0000001 = iBit
0.00000001 = Satotshi

http://shadowrun.wikia.com/wiki/Nuyen

For giggles, today only, I think a great name for 0.001 BTC is a dollar.

haha, the day has arrived when we can officially mock the dollar and be justified. as we move forward, the dollar will slowly become obsolete with cryptocurrencies replacing it along with the BRIC nations basket currencies I think.

I feel as if we should stray from common names (e.g. Mike), since they don't exactly loan credibility to our money. What if a cent was actually a John? I don't think it'd work out well.

As for 0.001, I propose that we call it the "mille". It has a nice, flowing sound to it, and has established ground in the SI prefix system as well as in "permille" (as opposed to percent).

It also works well pluralized (see milles).

Anyways, those are just my ten milles on the idea. :)

A problem is that mille is French for the number 1000.

0.001 BTC = 1 mib

Lets look at bitcoin (the blockchain) as a global database and a Satoshi as the minimal unit to save data in there.
So the currency could become an equivalent for the capacity to store data there, to write history. Maybe that is some day more important then money?
What are our measurements for data capacity?
Bit is the smallest unit for information. So a Satoshi could be equivalent to 1 bit.

1000 Satoshis = 1 kilobit ~ 1 cent (USD) at the current price
0.01 BTC = 1 000 000 Satoshi = 1 megabit ~ 10 USD

Of cours it could be confusing to use kilobit/megabit for a currency. Also it does not sound well. So a better name is needed, but maybe the analogy leads somebody to a nice name.
Satoshi is by far the best name for a currency, better then bitcoin IMHO.

Decimal/Cubic/Satoshi (DeCuSa) for 10^3 Satoshis (1000 Satoshis ~ 1 cent)?
And that as symbol: Đ as sign for the leaving dollar ;-)
Or maybe better a mathematical symbol like: Ξ or θ

I actually really like this idea.
We could make it a "Dolla" or something close?

Nah, we should try to lose fiat ties at least in names.

What the hell with all these nerdy names? ;D Normal plz we need speaking-friendly names ;D

How about

1 Bitcoin = 1,000 SilverBit = 1,000,000 = CopperBit = 100,000,000 Sato-Bit

Yes relating the units to Copper, Bronze, Silver, Gold and Platinum is a great idea.

These are both already commodities of ascending value and widely recognised.

1BTC = 1Bitcoin
0.1BTC= 1Plat
0.01BTC= 1G
0.001BTC = 1S
0.0001BTC = 1B
0.00001BTC = 1C

for example.

Nobody wants to call it a "gavin"?

You sure worked hard to dig this thread up didn't you?
Especially as they already have established names, note this thread was created 3 years ago.
Go spam somewhere else to get your post count up, like, active posts?

The last post before his is from December of 2013 and there really aren't any catchy names for these values that are established. Pipe down.

The december post was also a necro.
It's a mbtc, we all know that.

.. and mbtc is soooo catchy. I use it all the time.

oh point oh oh one bitcoins.  /thread

I'll wait for those catchier nicknames.

Interestingly, I've noticed that I never speak about bitcoin amounts in other than either full value or satoshi amounts, and when writing about a thousandth of a bitcoin I just write "0.001 btc".

Maybe the "mbtc" range is not needed.

In remembrance of MtGox I would call it 'Gox'  ;)

It was the first exchange that brought us to $1000 and 'Gox' sounds a bit like 'Bucks'  :)

Why can't we just use millibit and microbits?  Why do people try to give a name for every tenth.  Can't you just say 10 millibits or 100 millibits.  It's not necessary to have a new name every factor of 10.  Also I'm sure some people say this is confusing with the computer units for storage, but I'm pretty sure you can use a little context here.  There are many words with double meanings, doesn't mean we have to create a new word for every single meaning, right?

A lot of PTC / earn sites uses mbtc to describe 0.001 bitcoins.
Basically I pronounce it a millie-bitcoin, which is per definition what it is, a thousandth of a bitcoin.

Furthermore it already has been decided by network effects, and bumping this thread once every year will not change that. It wouldn't need bumping if it was ever going to get anywhere.

This is true.
It just got necro'd because someone wanted to build their post count,
then someone else complained about the term not being catchy enough.
The thread itself is stupid, it's time to let it die. :)

Just call it Gox. I think cca. 0.001 BTC will be the maximum what you will get back from every deposited BTCs.

 A Dorian.  :D

lol dammit, I came to this thread to post "a dorian"

+1

"mil", plural "mils", is still the simplest.

a hundred thou

I always seem to call it a mibit , or mib.  Like, sometimes when donating or tipping some people I'll say "That was worth a few mibs"... hahaha.  It kinda has that sort of "buck" feel in terms of wordflow. 

Anyway, that's my 2 BTCcents

man i like bit

1 dorian

I propose billi and bicro for 0.001 and 0.000001 BTC respectively.
Rolls off the tongue and it's immediately obvious what each is.

1BCUBeH5cw2BwcBDFEvnLA55NDeujcEhEp

You have a head cold?

A Dorian

microbit
minibit
fbit
fibit
bitfi
bitfive
bittle
bittins

A "thousand".

Its confusing to use decimal places, we should use satoshi instead to be prepared for deflation the coming years.

0.0000 0001 BTC = 1 satoshi

Btc@100$
1$ = 1M satoshi

Btc@1000$
1$ = 100K satoshi

Btc@10,000$
1$= 10K satoshi

Btc@100,000$
1$= 1K satoshi

Link on the first page is not working for me, but I propose:

DORIAN  ;D

For those needing obvious explained:

10^-8 BTc - 1 Satoshi

10^-3 BTC - 1 Dorian

Together: Dorian Satoshi Nakamoto, California Resident ;)

We all agree that 1 Bitcoin = 100,000,000 Satoshis

I propose:

100 Satoshis = 1 Earth Federation Space Credit (or just Credit for short)

1000 Credits = 1 Dorian

1000 Dorians = 1 Bitcoin

1000 Bitcoins = 1 Large

1000 Large = 1 Rock (Satoshi's estimated fortune?)

21 Rocks = all of Bitcoin ever

How about…
No.
I don't see this catching on, but thanks for trying to contribute.
;)

Clipped>>
 
What do you think should be the name?  Bitcoin Bonus (http://bitcoinbonus.com) will send 5 Bitcoins to the person who is the first to submit the winning term
which will be what we end up choosing to use for our site.  We'll issue a full report of all the terms submitted and the number of votes they received.  Multiple entries permitted (each must have a different term per person), submit any term you'd feel comfortable using.

Submit your entries here
 (https://bitcoinbonus.com/name0-001btc)

Once you've submitted your idea, I'd encourage you to announce it here and encourage others to vote for it at Bitcoin Bonus.
Wining term and winner to be announced by Sunday, May 22nd here!

--Darrell
[/quote]

Your site seems to be busy blowing farm animals. I was thinking to call them a "Naki" (pronounced "nah * kee")

That just sounds like we're talking about Zimbabwe dollars...

1 LOKI as in the germanic goddess

Call it a shank.

coinbit

hey ,am new here,,

What is still valid ?

I have an idea that might be considered
This word is very famous in my country Indonesia
gilacoin might be an alternative coin
GILA which means CRAZY
cause people are so crazy about bitcoin


1 gilacoin (GLC) = 0.000001 bitcoin (BTC)
10 gilacoin (GLC) = 0.00001 bitcoin (BTC)
100 gilacoin (GLC) = 0.0001 bitcoin (BTC)
1k gilacoin (GLC)  = 0.001 bitcoin (BTC)
10k gilacoin (GLC)  = 0:01 bitcoin (BTC)
100k gilacoin (GLC)  = 0.1 bitcoin (BTC)
1000k gilacoin (GLC)  =  1 bitcoin (BTC)

possible donation from you all would be helpful
1EhAo5x55zm6D1JPBfBXxgh1hMShgzrfwf  :)

How about. we call it a frag ? ;D

That would make 1 BTC a defrag. :P

"brotha .. can you spare a frag ?" lol

frac

+1 for Dorian

Haha, check the date when the thread was started mate.
I think we've all already come to terms with what the different decimals of a bitcoin are called.
Thanks for the effort though. ;)

mBIT sounds good to me

bit(s)

US Dime

tits

Free Lunch Dorian

Bitty. You got three bitty, man?

hhehe,, i just pull out the contents of the brain lol

Hit me up with a bittle homie...just a bittle bit.

Perhaps you're referring to tree fitty?

Sathoushi
Thousoshi
Dorianoshi
Moushi
Millshi
Thoutoshi
Yoshi
Nakamoshi

And the best one for last. A Snookie

Dorian

Dorian

Penky or half shank

A tank of gas

I vote "Bit" for 0.001 BTC.        Let's call the Satoshi "Chit," named after the currency in the book "Wool."     "Bits" and "Chits" would be simple and easy to say.  Much like how people prefer to say "Bucks" instead of "Dollar."

Everything should be priced in Satoshi since it's easier and more logical to count upwards than downwards.  ie:  TV for sale, 500,000 Satoshi.  Will be similar to using Yen...

Mibs... (Milli-bitcoins)

Easy to pronounce, sounds pretty digital, includes a common metric prefix that the majority of the world already knows.

That will be 5000 Mibs.  Thanks :)

Except a TV worth 500,000 Satoshis would be $3 right now.  So currently a Satoshi is worth  596,550,000 times less than a Japanese Yen.

The closest currency to a Satoshi would be a Vietnamese Dong and that is still worth  2,890,500 times one Satoshi.

noxltwerks

0.001 = milibit = "milies" (pronounced mil-E-zzz) IMO

One Praxis

Came here to post this. Lol.

+1 for Dorian.

Well actually One Dalek then  ;)
Exterminate

http://i57.tinypic.com/2lu2zw5.png
https://www.google.com/trends/explore#q=bitcoin%20satoshi%2C%20bitcoin%20ponzi%2C%20bitcoin%20gavin&cmpt=q

The most prominent person that is searched for in conjunction seems to Satoshi beyond doubt.
The second most prominent person is however...Charles Ponzi (https://en.wikipedia.org/wiki/Ponzi) ;D

I therefore suggest to call 0.001 BTC "One Ponzi"

Its short and everybody already knows it. Its perfect ;)
Ponzi

Our brains adapt.

After paying attention to all the decimal digits for all the relevant amounts for a few weeks, I became so used to mentally parse eight digits in the blink of an eye.

We can simply call 0.001 BTC, 0.001 BTC:)

This.
I found it really hard when I was new here to get a grip of what was what, I had to google which decimal was which etc.
Couple of weeks later ( now ) I don't have to think twice. The human brain is quite good, isn't it. :>

Well, it's good with simple patterns - like 1, 0.1, 0.01, 0.001 etc. I suspect it'd be harder if the pattern was something like...

• Arbitrary word chosen by members of an online forum #1
• Arbitrary word chosen by members of an online forum #2
• Arbitrary word chosen by members of an online forum #3
• ...etc... ;)

I suppose.
But still, had we had those words chosen by members of an online forum from the start of bitcoins, we wouldn't have had anything to say against it today to be honest, our brains would've adapted to that just like we do to the decimals. But changing it now? No thanks.

To be honest, I think if Bitcoin had used arbitrary words I probably would have walked away without digging deeper - "the rest of the (finance) world copes just fine with thousands and 0.001, why should I have to learn some hacker jargon in order to use Bitcoin?" (Obviously some learning is necessary, but we should aim to reduce it to what's necessary, not what's cute or what we think is easy to understand).

I suppose you're right, it's not exactly inviting if arbitrary words were used. When I think
about it I come to the same conclusion as you did, I probably would've just walked away
as well. Good point, +1.

What about 1 Bitty?

"Hacker" jargon....really?...you sound like a fool.  Hacking has nothing to do with bitcoin, or a name for 0.001 BTC

A hacker is someone - in IT - who "hacks" (creates and modifies) code (as opposed to a "cracker", who breaks into IT systems). Regardless, this is about perceptions - not necessarily our perceptions, but the perceptions of people not yet using Bitcoin. Jargon is off-putting. Foolish, even.

This this and this again. Quoting to show that I agree, lol.
You won't get people interested if you're gonna use silly made up words to describe fractions of your currency.

Thit or tit

I like the Dorian suggestion I heard on Reddit.

Should call 0.001 btc a "gox".  Why?  Because it is representative of the highest percentage of coins that one could expect to get back from gox.

Bitcoin needs a cockney rhyming slang for all the statoshis. In cockney £20 is a score, £25 is a pony, £100 is a tonne, £500 is a monkey and £1000 is a grand.

How about naming 10 satoshi is a Finney, 100 satoshi is a Zimmerman, 1000 is a Szabo, 10,000 a Nakamoto etc

call it a TIT!!! hey buddy just mined a TIT today. Send me a TIT . or for 0.01 you could say tittes  ;D ha ha ha No but serious send me 23 Titties to 1DsQoZVSEaGTkPNCGmZJZruy1F9R5C2JCi thank you in advance

Dorian all the way

Can you explain the rhymes here? I can't figure them out.

Quite interesting, I can't seem to grasp it either. Care to explain?

Hmmmm a sound concept ;D

Call it a shine.

Bits, Mini-bits, Milli-bits, Micro-bits. Nano-bits

Dorian. Lol JK.

Toshi

0.001= 1 Toshi
0.002= 2 Toshi's
etc...

These are Cockney slang but not rhyming.

20: score. a very old word for 20. e.g. "threescore years and ten" is from the bible.

25: pony. no one knows for sure. some say it's because an indian 25 rupee note had a pony on it, but I've never seen anyone back that up with a picture or even any evidence that this note existed.

100: ton. tonnage is the measure of capacity of a ship (so volume not weight). 100 cubic feet are in one maritime ton.

500: monkey. again no one knows. again said to be from a 500 rupee note but no one has an image of one.

1000: grand. actually from american slang of around 1915. $1000 was "a grand sum".

You guys do know..that this thread was started 3 years ago...The OP probably already gave away the 5 BTC Bounty, which in 2011 wasn't worth much, probably 4 dollars per Bitcoin..

Ah well, thank you. I feel less foolish for not having figured the "rhymes" out.

we shoud call it a "Dorian"

Bitnote

My friends and I were launching an ecommerce site with potential of taking bitcoin.  Realized there is a big communication issue with people understanding normal priced items (coffee, gas, kindle, clothing) when expressing in bitcoin.  i.e. a shirt costing 0.0483858 BTC for $29.90

Regular people do poorly with all the 0's and decimals, and usually poorly with terms like milli/micro.  For bitcoin to be big, it has to expand to these people.
We proposed 1 bitcoin = 1024 Bitnote.

The website is: http://bitnote.co (http://bitnote.co)

"moon"  for sure

How about a miltoshi??

"nitbit"

From urban dictionary:

nit

gambling term. usually found in poolrooms. Refers to:
1. Someone who's so afraid to lose a bet that they have to be coddled and convinced for an hour that they're going to have a great time and probably win, too. Eventually they may play, but by the time they get on the table the stakes are so low the table-time will eat any winnings you make.

2. someone who won't play unless they have a guaranteed sure win.

3. someone who'll squeeze a dollar 'til george's eyes pop out of the paper.


1) In information technology as elsewhere, a nit (pronounced NIHT) is a small, usually unimportant imperfection in something. People who have unusually high or unreasonable standards for the quality of a thing are sometimes referred to as nitpickers.

2) In lighting, the nit is a unit of visible-light intensity, commonly used to specify the brightness of a cathode ray tube or liquid crystal display computer display.  One nit is equivalent to one candela per square meter.  The candela, formerly called candlepower, is approximately the amount of light emitted by a common tallow candle; technically it is the quantity of radiation emitted by 1.667 x 10-6 square meter of a blackbody at the melting point of platinum.  The candela is equal to one lumen per steradian (unit solid angle). (A blackbody is an object that radiates energy with 100 percent efficiency at all electromagnetic wavelengths. It also absorbs all electromagnetic energy that strikes it, hence the expression "black." It is a theoretical ideal of interest in physics and engineering.)

The nit is a comparatively small unit of brightness.   A typical active-matrix LCD panel has an output between 200 and 300 nit, for example.

3) In digital electronics, the term nit is occasionally used to represent an amount, or increment, of data equal to 1.44 binary digit.

Where my shines at son?

You owe me two shines. 

"I was makin' it shine up in da scrip club!"  Pacman Jones

That thing is 8 shines, what a ripoff.

"Bitch betta have my shines, through rain, sleet or snow!"  your local pimp

On a cleaner note, I gave 10 shines in church today when the QR code was passed around.  I love altruism, and baby Jesus.

Hmmm. I'm not sure this passes the Turing test. Close, but not quite.

0.001 BTC == 10^-3 BTC, so it's mBTC (1 BTC = 1000 mBTC).
So 1 mBTC should be called milliBTC, or millibitcoin.
Short version could be millibits, mibits, milbits.

Funny version: LitreBit or LitreCoin ;D

I like milbit

+1

Lol, Jeez these guys are clueless! 

Call it partbit

I already commented that when the thread was first dug up by a 2 activity newbie, however, people seem to enjoy posting their own ideas.
Let them do whatever they want, I doubt anyone is expecting a reward, lol.

I know...I was just trying to bring it up again for all these newbies!  Maybe I should post it in red!


This thread is 3 years old newbies!

A Dorian =   0.001
A Andreas/?/etc = 0.000001
A Satoshi =  0.00000001

more bitcoin drama means adding to the list

I suggest calling 1 full BTC a gallon, 1/4 a quart, 1/8 a pint, 1/16 a cup, 1/128 an ounce, 1/256 a Tablespoon, 1/768 a teaspoon, 1/6144 a dash, 1/12,288 a pinch, 1/24,576 a smidgen, 1/49,152 a nip.

Newbie hell awakens people again
Also love how I can tell old forum members had this on watchlist a long time ago Haha it happens ^_^

https://bitcointalk.org/index.php?topic=511676.0

We could do that, you know.  Bitcoin is, fundamentally, binary; and the American Standard is (largely) based upon doubling and/or halving of units.  Half-gallon is a unit, and between a cup and an ounce sits the gill (half a cup) and half-gill.  The teaspoon is the oddball; but the dram (one-quarter tablespoon) fits the pattern.

Ideas are forever many!  Why not dig up things that could get more interesting with new material?

Now donate some shines to ole Beef for, well, old times sake!

I call it a chip =)

Do you also call it a chip while having a conversation with someone else? You can't have your own name for it unless others adopt it, really.

A millibit damnit.. then we go into micro, then satosh's.

Haha, this is a very old thread. Millibitcoin is already the established name, no need to worry about it. People can make up their own names all they want but in the end they'll always have to explain themselves when interacting with other people.

For example, I could decide to call 1 USD "hdushadnj", but I'd still have to tell everyone that a "hdushadnj" was a USD.

May 22 what year :D ? Btw ur link in first post is broken.

I wondered what happened to this.... LOL if think the op must have better things to do  ;D

1 megabit or 1milibit

Oh yes, I keep getting updates from this post, it's getting annoying. So many people still making up their own names even tho there is no point of it, at all.

millibit, mega is a million.

The scale (based on ISO 2955 metric prefixes (http://isotc.iso.org/livelink/livelink/4289384/ISO_2955-1983E_repr_of_SI_units_with_limited_char_sets.pdf?func=doc.Fetch&nodeid=4289384)) goes like this:

nano-bitcoin nBTC (nanobit) (10^-9) (1/billion) 0.1 satoshi not currently possible
satoshi
micro-bitcoin µBTC (microbit)  (10^-6) (1/million) 100 satoshi
milli-bitcoin mBTC (millibit)  (10^-3) (1/thousand) 100,000 satoshi
bitcoin 100,000,000 satoshi
kilo-bitcoin kBTC (kilobit) (10³) (thousand) 100,000,000,000 satoshi
mega-bitcoin MBTC (megabit) (10⁶) (million) 100,000,000,000,000 satoshi


anything larger/smaller than that would be unnecessary.

Muahaha, what a lovely mockery of the Imperial system, well played.

1 Karpelès

... megasatoshis for all!

Sounds like something that is awakened by a deep ocean nuclear blast, and then proceeds to eat New York.

You can stop bumping this thread. The 5 BTC bounty ($30 total when this offer was made) was paid almost three years ago (the winner was "milliBit"): https://bitcointalk.org/index.php?topic=8282.msg136944#msg136944.

The reference client has had mBTC for this amount (along with µBTC) for two years.

I don't think any recent poster, including myself, has any interest in claiming the bounty. If the thread irritates you it is possible to unsubscribe via the "notify" link in the bottom right.

a dime

I think most people are fully aware of that, they're not looking for the 5 btc bounty, they just wanna throw out their own ideas, for some reason.

50 cents
four bits
half a buck

50 Cents? I don't get that.
Four bits? Would be confusing, as there's only 1 value number.
Half a buck? Would 0.002 btc be a buck? If not, would 0.002 btc he 2 half a buck(s)?