bg002h (OP)
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I outlived my lifetime membership:)
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August 17, 2012, 02:58:57 AM |
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Bit - it has two relevant meanings for BTC. The lesser known one is a slang term in many western countries for cash (eg, a US bit is worth 1/8 USD...see http://en.m.wikipedia.org/wiki/Bit_(money) ) If there is an intentional double entendre here and Satoshi thought of it...perhaps he was, culturally speaking, western and not Japanese. His posts sound American to me, but I've only read a few.
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notme
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Activity: 1904
Merit: 1002
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August 17, 2012, 03:01:05 AM |
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Bit - it has two relevant meanings for BTC. The lesser known one is a slang term in many western countries for cash (eg, a US bit is worth 1/8 USD...see http://en.m.wikipedia.org/wiki/Bit_(money) ) If there is an intentional double entendre here and Satoshi thought of it...perhaps he was, culturally speaking, western and not Japanese. His posts sound American to me, but I've only read a few. Are you American? I'm guess no, because the term bit hasn't been used here in about 100 years.
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CIYAM
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Ian Knowles - CIYAM Lead Developer
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August 17, 2012, 03:07:02 AM |
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Are you American? I'm guess no, because the term bit hasn't been used here in about 100 years.
So the slang "two-bit" (such as a "two-bit company") is not used in the US (thought I'd read some joke about Microsoft Windows years ago that had that term in it)?
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FreeMoney
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Strength in numbers
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August 17, 2012, 03:08:05 AM |
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I dunno what Satoshi was thinking but his coin bit me.
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Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
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CIYAM
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Activity: 1890
Merit: 1086
Ian Knowles - CIYAM Lead Developer
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August 17, 2012, 03:09:10 AM |
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Are you American? I'm guess no, because the term bit hasn't been used here in about 100 years.
So the slang "two-bit" (such as a "two-bit company") is not used in the US (thought I'd read some joke about Microsoft Windows years ago that had that term in it)? From http://c2.com/cgi/wiki?MicrosoftWindows: Windows was once famously described as "32 bit extensions and a graphical shell [on top of] a 16 bit patch to an 8 bit operating system originally coded for a 4 bit microprocessor, written by a 2 bit company, that can't stand 1 bit of competition." This was attributed to Art Bahrs (an HP guy) in Aug 1997, although it probably predates that.
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BkkCoins
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August 17, 2012, 03:22:24 AM |
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Oh, won't the banks be bitter when Bitcoin becomes more popular than they.
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unclemantis
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(:firstbits => "1mantis")
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August 17, 2012, 03:28:38 AM |
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Is the Bit in Bitcoin the 1.0 or the 0.00000001?
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cypherdoc
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August 17, 2012, 03:31:25 AM |
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I dunno what Satoshi was thinking but his coin bit me.
how businesses have name variations from those 3 words: Coinbit, Bitcoin, Bitme. there is a Coinbit isn't there?
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notme
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August 17, 2012, 03:43:42 AM |
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Are you American? I'm guess no, because the term bit hasn't been used here in about 100 years.
So the slang "two-bit" (such as a "two-bit company") is not used in the US (thought I'd read some joke about Microsoft Windows years ago that had that term in it)? Yes, that specific phrase is used occasionally to mean something cheap/worthless, but that's the only usage I've ever heard,
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cypherdoc
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August 17, 2012, 03:49:32 AM |
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Are you American? I'm guess no, because the term bit hasn't been used here in about 100 years.
So the slang "two-bit" (such as a "two-bit company") is not used in the US (thought I'd read some joke about Microsoft Windows years ago that had that term in it)? Yes, that specific phrase is used occasionally to mean something cheap/worthless, but that's the only usage I've ever heard, "i'm feeling a bit tired".
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notme
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August 17, 2012, 03:52:51 AM |
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Are you American? I'm guess no, because the term bit hasn't been used here in about 100 years.
So the slang "two-bit" (such as a "two-bit company") is not used in the US (thought I'd read some joke about Microsoft Windows years ago that had that term in it)? Yes, that specific phrase is used occasionally to mean something cheap/worthless, but that's the only usage I've ever heard, "i'm feeling a bit tired". That's just means small.... I was referring to using it as a monetary term, but I suppose only the OP said that, not me.
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The-Real-Link
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August 17, 2012, 05:24:45 AM |
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Perhaps simply that bits make up one of the foundations of digital data? ByteCoin doesn't sound as cool anyway...
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Oh Loaded, who art up in Mt. Gox, hallowed be thy name! Thy dollars rain, thy will be done, on BTCUSD. Give us this day our daily 10% 30%, and forgive the bears, as we have bought their bitcoins. And lead us into quadruple digits
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organofcorti
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Poor impulse control.
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August 17, 2012, 05:38:41 AM |
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Are you American? I'm guess no, because the term bit hasn't been used here in about 100 years.
So the slang "two-bit" (such as a "two-bit company") is not used in the US (thought I'd read some joke about Microsoft Windows years ago that had that term in it)? Yes, that specific phrase is used occasionally to mean something cheap/worthless, but that's the only usage I've ever heard, "i'm feeling a bit tired". Try "I'm as tired as a two bit hooker" instead.
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Phinnaeus Gage
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Activity: 1918
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Bitcoin: An Idea Worth Spending
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August 17, 2012, 06:25:37 AM |
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One bit Two Bits Three Bits A dollar All for Satoshi ...
You get the idea. I remember this during the prep rallies in high school--100 years ago.
~Bruno~
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repentance
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August 17, 2012, 06:52:50 AM |
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Are you American? I'm guess no, because the term bit hasn't been used here in about 100 years.
Ah but, two hours of pushing broom Buys an eight by twelve four-bit room. King of the Road, written and recorded in 1964.
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All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
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Phinnaeus Gage
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Bitcoin: An Idea Worth Spending
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August 17, 2012, 08:49:48 AM |
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http://en.wikipedia.org/wiki/Bit_(money) The New York Stock Exchange continued to list stock prices in eighths of a dollar until June 24, 1997, at which time it started listing in sixteenths. It did not fully implement decimal listing until January 29, 2001.
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Gabi
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If you want to walk on water, get out of the boat
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August 17, 2012, 09:08:41 AM |
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Captain Obvious here: for me bit means like byte, in the informatic sense
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bg002h (OP)
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I outlived my lifetime membership:)
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August 17, 2012, 11:09:25 AM |
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Perhaps simply that bits make up one of the foundations of digital data? ByteCoin doesn't sound as cool anyway...
It is possible that no double entendre was intended. As others have pointed out, the phrase is so uncommon people don't even recognize it when they use it ("two bit" being a phrase that pre-dates computers meaning small for its small monetary value ... A quarter). Perhaps Satoshi didn't think about how very appropriate the name was, but I'd like to think he did
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dancupid
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August 17, 2012, 02:05:01 PM |
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It could refer to the bit in the horse's mouth allowing you to take control of the unruly beast.
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Phinnaeus Gage
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Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
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August 17, 2012, 06:01:45 PM |
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Or maybe Bitcoin was spelled incorrectly: Bitchin
And if a relic collector: BitChen
~Cackling Bear~
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