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Author Topic: I propose as name for the smallest bitcoin unit: mic (micro cent)  (Read 3874 times)
allocater
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June 13, 2011, 08:54:16 AM
 #1

The common names are:
10-2: cent
10-3: milli
10-6: micro
10-9: nano

The smallest bitcoin is 10-8

So we do 10-6 * 10-2
= micro * cent
= mic

I currently have 0.00875801 bitcoins, so 875,801 mics!

I am almost a mic millionaire!

and 1 mic million = 1 cent (0.01000000)
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Alex Beckenham
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June 13, 2011, 09:25:20 AM
 #2

Some people already use 'mike' to mean 1 µBTC.

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June 13, 2011, 10:17:57 AM
 #3

The name "satoshi" is already in common use as the name of the smallest bitcoin unit.

As in, "I paid 140 satoshis for my house." Smiley

Jere
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June 13, 2011, 10:36:56 AM
 #4

One millibitcoin (a "Millie") is 0.001 BTC.
One microbitcoin (a "Mike") is 0.000001 BTC.
The base unit (0.00000001 BTC) is a "Satoshi".

These names are unofficial but have some actual usage. I feel it would be confusing to call a "Mic" a micro-bitcent rather than a micro-bitcoin.
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June 13, 2011, 10:46:25 AM
 #5

yeah you should'nt use cent as that is abreviation for 100, as in 100 cent in dollar no ?  either way it has too much connotation with current currency

my suggestion microbit or microcoin ?

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July 27, 2013, 07:11:07 PM
 #6

One millibitcoin (a "Millie") is 0.001 BTC.
One microbitcoin (a "Mike") is 0.000001 BTC.
The base unit (0.00000001 BTC) is a "Satoshi".

These names are unofficial but have some actual usage. I feel it would be confusing to call a "Mic" a micro-bitcent rather than a micro-bitcoin.

microsatoshis will be able to be implemented when Bitcoins hit 200K~USD . If BTC turns bitcoin millionares then it's a nobrainer!~lol  Cool easy!

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July 27, 2013, 08:48:37 PM
 #7

The common names are:
10-2: cent
10-3: milli
10-6: micro
10-9: nano

The smallest bitcoin is 10-8

So we do 10-6 * 10-2
= micro * cent
= mic

I currently have 0.00875801 bitcoins, so 875,801 mics!

I am almost a mic millionaire!

and 1 mic million = 1 cent (0.01000000)

I second this idea! I will start using mic units around the forum to try to get it to catch on Cheesy. Good idea.
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July 27, 2013, 11:52:04 PM
 #8

The common names are:
10-2: cent
10-3: milli
10-6: micro
10-9: nano

The smallest bitcoin is 10-8

So we do 10-6 * 10-2
= micro * cent
= mic

I currently have 0.00875801 bitcoins, so 875,801 mics!

I am almost a mic millionaire!

and 1 mic million = 1 cent (0.01000000)

I second this idea! I will start using mic units around the forum to try to get it to catch on Cheesy. Good idea.


naw man it's all full melt ASIC FEES mode now days way too much dust on the blockchain  needs more zeros when we fly lol  Cool



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sevenVII
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July 29, 2013, 05:47:10 AM
 #9

The common names are:
10-2: cent
10-3: milli
10-6: micro
10-9: nano

The smallest bitcoin is 10-8

So we do 10-6 * 10-2
= micro * cent
= mic

I currently have 0.00875801 bitcoins, so 875,801 mics!

I am almost a mic millionaire!

and 1 mic million = 1 cent (0.01000000)

I have to agree with the other users, this is a bit too confusing.
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