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Galahad (OP)
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June 20, 2013, 05:38:21 PM |
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I was just wondering what the arconyms are for different quantities of bitcoins?
For example mbtc, which I believe is for thousands?
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udet4food
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June 20, 2013, 05:45:28 PM |
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I was just wondering what the arconyms are for different quantities of bitcoins?
For example mbtc, which I believe is for thousands?
your right, I using mBTC very often. There is uBTC (micro) as well, one milionth |
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legitnick
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June 20, 2013, 06:45:07 PM |
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I think he means are their names for all the 8 digit places in bitcoin. Currently I believe we only have satoshi for the smallest denomination. I havent heard any other names.
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macintosh
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June 20, 2013, 07:03:50 PM |
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Satoshi only one I know of.
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acne
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June 20, 2013, 07:13:45 PM |
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Hmm not sure
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R3dcell
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June 20, 2013, 08:17:11 PM |
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Graciously accepting donations from you kind Sirs  1GEAhoDdL8Vcu57PRJfRrpQNBdzBsLuFrG |
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legitnick
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June 20, 2013, 08:24:59 PM |
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We should make a poll to vote for names on all the bitcoin amounts
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Galahad (OP)
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July 03, 2013, 04:27:58 PM |
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Thanks for the answers here.
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AliceWonder
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July 03, 2013, 04:54:47 PM |
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In my opinion we only need BTC, mBTC, and μBTC
More is confusing.
BTC = Bitcoin
mBTC = milli Bitcoin - 1/1000th of a BTC - .0001 BTC
μBTC = micro Bitcon - 1/1000000th of a BTC - 1/1000 of a mBTC - .000001 BTC
A Satoshi is 1/100th of a μBTC (.01 μBTC) just like a penny is 1/100th od a dollar.
A Satoshi in my opinion should not have an acronym. Metric system provides acronyms for divisions that are not powers of 3 but it is better to keep things in powers of 3 as it makes mistakes easier to spot. I'm not sure metric does 10^-8 though.
I guess BTC is only real acronym, others two are metric prefixes to it.
That's just my opinion, it is not inherently more valid than anyone else's.
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CompNsci
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July 03, 2013, 04:55:06 PM |
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Latest episode of letstalkbitcoin discussed this very issue. Aside from the satoshi, mbit for a milli-bitcoin seems to be gaining some prominence. See http://www.em-bit.org. |
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AliceWonder
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July 03, 2013, 04:57:35 PM |
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Latest episode of letstalkbitcoin discussed this very issue. Aside from the satoshi, mbit for a milli-bitcoin seems to be gaining some prominence. See http://www.em-bit.org. No I hope not = mbit being different than mBTC will only confuse people. I could see uBTC in place of μBTC because of keyboards but even that I don't really like. |
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DannyHamilton
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July 03, 2013, 04:59:00 PM |
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A Satoshi in my opinion should not have an acronym. Metric system provides acronyms for divisions that are not powers of 3 but it is better to keep things in powers of 3 as it makes mistakes easier to spot. I'm not sure metric does 10^-8 though.
You could just call it 10 nanoBTC (nBTC) if you wanted. |
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AliceWonder
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July 03, 2013, 05:12:02 PM |
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A Satoshi in my opinion should not have an acronym. Metric system provides acronyms for divisions that are not powers of 3 but it is better to keep things in powers of 3 as it makes mistakes easier to spot. I'm not sure metric does 10^-8 though.
You could just call it 10 nanoBTC (nBTC) if you wanted. Yes you could and if bitcoin is ever further divided that would probably be best but since 10 nBTC is the smallest possible amount that the blockchain can handle I would personally recommend against it at this time. If the bitcoin is further divided then use of satoshi should be faded out, and further division should probably be done to 10^-12 WHEN further division is justified. |
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