Bitcoin Forum
May 12, 2024, 10:13:49 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: I propose as name for the smallest bitcoin unit: mic (micro cent)  (Read 4133 times)
allocater (OP)
Newbie
*
Offline Offline

Activity: 29
Merit: 0


View Profile
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)
1715508829
Hero Member
*
Offline Offline

Posts: 1715508829

View Profile Personal Message (Offline)

Ignore
1715508829
Reply with quote  #2

1715508829
Report to moderator
1715508829
Hero Member
*
Offline Offline

Posts: 1715508829

View Profile Personal Message (Offline)

Ignore
1715508829
Reply with quote  #2

1715508829
Report to moderator
Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715508829
Hero Member
*
Offline Offline

Posts: 1715508829

View Profile Personal Message (Offline)

Ignore
1715508829
Reply with quote  #2

1715508829
Report to moderator
Alex Beckenham
Full Member
***
Offline Offline

Activity: 154
Merit: 100


View Profile
June 13, 2011, 09:25:20 AM
 #2

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

Jere.Jones
Full Member
***
Offline Offline

Activity: 121
Merit: 100


View Profile
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
ribuck
Donator
Hero Member
*
Offline Offline

Activity: 826
Merit: 1039


View Profile
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.
haydent
Full Member
***
Offline Offline

Activity: 154
Merit: 100



View Profile
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 ?

2x Gigabyte 6950 OC @ 920/450 w/ ati tray tools (1 shader modded) - 760Mhs on ozco.in 0% fee aus pool
btc: 1HS5Brzcsh7XkJn566XYbvfpa2JuBRBdss
ASICSRUS
Member
**
Offline Offline

Activity: 70
Merit: 10


Expert Computer Geek


View Profile
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!

✰ If You Risk Nothing, You Risk Everything | PrimeDice.com | The New Way To Roll | *Thread*

<3<3:::LOVE^YOUR^NEIGHBOR!!!:::|+i|_33+(((PLEASE)))====>Donate if you like me!~> 157YEcD4WQ9UbhZ7NSC2FpuaYfxHe3JgF2
matupoiv
Newbie
*
Offline Offline

Activity: 17
Merit: 0


View Profile
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.
ASICSRUS
Member
**
Offline Offline

Activity: 70
Merit: 10


Expert Computer Geek


View Profile
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



✰ If You Risk Nothing, You Risk Everything | PrimeDice.com | The New Way To Roll | *Thread*

<3<3:::LOVE^YOUR^NEIGHBOR!!!:::|+i|_33+(((PLEASE)))====>Donate if you like me!~> 157YEcD4WQ9UbhZ7NSC2FpuaYfxHe3JgF2
sevenVII
Full Member
***
Offline Offline

Activity: 120
Merit: 100


View Profile
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.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!