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Author Topic: BitCoin Denomination Naming Conventions for Startups?  (Read 1875 times)
darbsllim
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May 30, 2011, 05:09:45 AM
 #1

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?

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Ricochet
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May 30, 2011, 06:50:48 AM
 #2

At the moment, no.  It's an ongoing effort though, and it's actively being worked on. 
foo
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May 30, 2011, 08:05:54 AM
 #3

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.
Use microcoins. 100,000 micros sounds fairly impressive. Grin

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jon_smark
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May 30, 2011, 09:06:54 AM
 #4

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).
FreeMoney
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May 30, 2011, 09:19:19 AM
 #5

+1 for Mille and Mike.

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Alex Beckenham
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May 30, 2011, 10:07:34 AM
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+1 for Mille and Mike.

And their Nano who they hardly ever visit and always smells like mothballs and pee.

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May 30, 2011, 06:07:15 PM
 #7

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?
PLATO
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May 30, 2011, 06:14:28 PM
 #8

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
1 mBTC = 1000 uBTC
1 uBTC = 100 credits

1000 credits   = 1 kilocred
1000 kilocreds = 1 megacred
100  megacreds = 1 Bitcoin
where 1 'credit' = 1 'satoshi.'

People need to be aware that these don't line up.
Dobrodav
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May 30, 2011, 06:50:44 PM
 #9

Maybe we should name them in more casual way ? Gold BTC silver BTC copper BTC and so on.

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