I like that Freicoin is designed around avoiding the Tragedy of the Commons, and that the value decreases over time, which discourages hoarding.

Money is meant to be spent!

17a4L9Qu7w6MePCzzj1Vhz7RZ9ebAW6QSc

rQ3sQj7yYbrPousXDQXvHbZpFKAmvJvh7j

Really, its not all bad here, just stay away from Capitol Hill and you'll be fine, Washington, DC has a lot to offer despite the politicians!

BTC_Bear, I hope you can make it to our Bitcoin Meetup on Monday night! 

Also, Bitcoin Bonus is back after the hiatus.  I'm still fixing a few things up, but you can be shopping for bonuses now!

HI Guys,
  Just an update, I've tried to fix the site a few times with the hour or two spare time I've had in the past week and a half.  My mom got sick and had to be hospitalized.   Two days ago a diagnosis of cancer came, and I've been spending a lot of time supporting her and bringing her from facility to facility.  
My sister is coming into town this weekend and I hope to get some time to get the site back up and working and giving out bitcoins.

As for the audit, I'm amenable to this possibility once I get Bitcoin Bonus working again.

--Darrell

Did anyone get e-mails with trade notifications?   I didn't. I guess you could turn this off first but that would be hard.

Special edition of The Bitcoin Show tonight:

9-10pm Eastern TradeHill interview
10-11pm Eastern Mt. Gox interview.

Just a heads up, I've been having some database problems, the site has been up and down over the past 12 hours, I expect to have it resolved in tne next 2-4 hours. 

We can use this thread for other issues related to Bitcoin Bonus moving forward.

--Darrell

Get 10% of your purchase back in Bitcoins from Cafe Press at Bitcoin Bonus, and Zazzle, which both have a great selection of Bitcoin related Tee-Shirts!

Get 10% of your purchase back in Bitcoins from Cafe Press at Bitcoin Bonus, and Zazzle, which both have a great selection of Bitcoin related Tee-Shirts!

I'm working on getting [ur=www.stickyfingersbakery.coml]Sticky Fingers Bakery[/url] in Columbia Heights, Washington, DC (and Seoul, South Korea) to accept Bitcoin.  They're interested!

All of this makes me realize that it would be good for us to think about creating a "Bitcoin Association", a non-profit organization that has a charter to support Bitcoin.  It will likely have to have two separate organizations, one that is allowed to take contributions to do legislative advocacy on behalf of Bitcoin, and another that is a plain 501(c) 3 for doing more Public Relations and perhaps conference organizing.

I'm here in Washington, DC and would be interested in coordinating with others to help launch something like this.

I am planning on pre-emptively writing my representative in the house, even tho she can't vote.  Here in Washington, DC the citizens have limited representation--with no representation in the Senate.

--Darrell

+1

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 (

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!

While it would have been nice if Satoshi had anticipated the concern about public understanding of divisibility when he started Bitcoin, I think its way too late
to change what "a Bitcoin (BTC)" represents.  It will be too confusing, but I do think we need to have solid names for 1/1000 of a bitcoin and 1/1,000,000 of a Bitcoin and less.

Please see the thread at http://forum.bitcoin.org/index.php?topic=8282.0

For an extensive discussion of this issue.

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".

One of the more recent criticisms of Bitcoin is that it is a scam that only benefits only the miners and initial users.   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, 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!   

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.

ContactCon looks great.  So glad to see that Douglas Rushkoff will be speaking there.
We'll definitely want to have a Bitcoin Meetup at this event, I am hoping I can go to this.

This is where I think how bitcoin will survive many legal attacks.   The exchange of bitcoins is the exchange of information, and as I understand it this is protected by the first amendment.  Does anyone see a way around this by the government?  Sure, there may be some specifics cases where the use of bitcoins for committing crimes will be blocked, but just the simple use of bitcoin can't be made illegal in the US without a Constitutional Amendment.

So I just posted about Bitcoin to my Facebook status,

and I've got friends asking if my Facebook account has been hacked. 

It seems Bitcoin has a "Too good to be true" problem.

I hope that people can build extensions of block explorers to watch where these funds get sent and when they get sent to a known entity we can slowly backtrack and narrow down who the scoundrel was who did this.  Bitcoin isn't anonymous as people think---Its got Lojack built in.  Using some good old fashioned Link Analysis, thefts on a grand scale can be monitored.   I'd like to see something built into the Bitcoin user interface that would check a database of reported stolen bitcoins and send an alert when some were received from an address in the database.  We can all be Big Brother collectively.