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Title: BitCoin Denomination Naming Conventions for Startups? Post by: darbsllim on May 30, 2011, 05:09:45 AM If an e-commerce website wants to list prices less than 1 bitcoin, is there a proper naming convention to follow?
0.1 bitcoin seems depressing to list as the reward price. We would rather say 1 MegaBit or 1 MiliBit - is there such a naming practice in existence? Brad Title: Re: BitCoin Denomination Naming Conventions for Startups? Post by: Ricochet on May 30, 2011, 06:50:48 AM At the moment, no. It's an ongoing effort though, and it's actively being worked on.
Title: Re: BitCoin Denomination Naming Conventions for Startups? Post by: foo on May 30, 2011, 08:05:54 AM If an e-commerce website wants to list prices less than 1 bitcoin, is there a proper naming convention to follow? Use microcoins. 100,000 micros sounds fairly impressive. ;D0.1 bitcoin seems depressing to list as the reward price. Title: Re: BitCoin Denomination Naming Conventions for Startups? Post by: jon_smark on May 30, 2011, 09:06:54 AM Rather than come up with yet another new naming scheme, the (slowly building) consensus is to use SI notation: 1BTC = 1,000 milliBTC = 1,000,000 microBTC. Cutesy names like "millicoins" (or 'millies' for short) and "microcoins" (or "mikes" for short) have also been suggested (I personally like them).
Title: Re: BitCoin Denomination Naming Conventions for Startups? Post by: FreeMoney on May 30, 2011, 09:19:19 AM +1 for Mille and Mike.
Title: Re: BitCoin Denomination Naming Conventions for Startups? Post by: Alex Beckenham on May 30, 2011, 10:07:34 AM +1 for Mille and Mike. And their Nano who they hardly ever visit and always smells like mothballs and pee. Title: Re: BitCoin Denomination Naming Conventions for Startups? Post by: metamantis on May 30, 2011, 06:07:15 PM I saw someone refer to a .00000001
as a Satoshi, but we seriously need real names after the Millie Coin. After all SI notation only labels one more of the 8 decimal places we have. .000001 is one micro coin. otherwise I guess we have 1 - 99 satoshi 1-999 microcoins 1-9 milliescoins 1-9 centiecoins 1-9 decicoins Maybe we need 3 more names to start at any decimal place out to 8? Title: Re: BitCoin Denomination Naming Conventions for Startups? Post by: PLATO on May 30, 2011, 06:14:28 PM There's a thread full of... discussion about what to call stuff. I pointed out that SI units going from the bottom and SI units going from the top are incompatible:
Code: 1 BTC = 1000 mBTC People need to be aware that these don't line up. Title: Re: BitCoin Denomination Naming Conventions for Startups? Post by: Dobrodav on May 30, 2011, 06:50:44 PM Maybe we should name them in more casual way ? Gold BTC silver BTC copper BTC and so on.
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