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Author Topic: POLL: What name would you give to the smallest unit of bitcoin (0.00000001)?  (Read 13407 times)
VertexEx
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July 01, 2011, 10:06:49 AM
 #121

picoBit?
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July 01, 2011, 02:08:17 PM
 #122

coinbit
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July 01, 2011, 02:29:51 PM
 #123

I vote for 10 nanoBitcoins and Bernanke's as a secondary alias.
ForceField
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July 01, 2011, 02:30:52 PM
 #124

Or simply a Unit, or BitUnit.

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July 01, 2011, 02:49:26 PM
 #125

How about NZ (non-zero)

... if it weren't "Satoshi".
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July 01, 2011, 02:52:51 PM
 #126

Nanocoin

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July 01, 2011, 03:49:57 PM
 #127

"worthless" at the present exchange rate Wink
cocodapuf
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July 01, 2011, 05:10:55 PM
 #128

Just use SI prefixes!

1BTC = 1 bitcoin
0.1BTC = 1dBTC = 1 decibitcoin
0.01BTC = 1cBTC = 1 centibitcoin...

The prefixes "deci" and "centi" are not SI prefixes. They are leftovers from the pre-SI metric system, and they add more complexity than benefit. So let's keep it simple...

1 BTC = 1 bitcoin
0.001 BTC = 1 mBTC = 1 millibitcoin (nickname "one Millie")
0.000001 BTC = 1 uBTC = 1 microbitcoin (nickname "one Mike")

The base unit of 0.00000001 BTC is the same as 10 nanobitcoins, but I think this will be confusing because we cannot represent 1 nanobitcoin (so how can we have ten of them?). The existing usage seems to work well enough:

0.00000001 BTC (nickname "one Satoshi").

That makes total sense.  It's simple, it's easily converted (as most people are familiar with metric system) and the nicknames are totally usable. 

As far as the last two digits go, I think the setup you have will work out fine as it is.  In the same way most people would say $1.35 as "a dollar, thirty five" people could also say 1.28 uBTC (0.00000128) as "a mike, twenty eight".  So a name for the last two digits isn't really necessary.  As they are the last two digits, you could call them cents (mike-cents) if you really wanted to.  The thing is though, years from now as we approach the point when we actually need a name for those digits, we'll also need a system that works further than 8 decimal points anyway.  So before we ever need a common name for the last few digits, the system will already need to have been extended to include nanobitcoins, picobitcoins, etc.  Technically, the furthest few digits in the system will never really need a common usage name.
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July 01, 2011, 05:11:10 PM
 #129

A qBIT.
Giraffe.BC
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July 01, 2011, 06:35:17 PM
 #130

I vote nanocoin. 
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July 01, 2011, 07:13:26 PM
 #131

tidbit
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July 01, 2011, 08:58:53 PM
 #132

0.1 BTC = 1 dBTC = 1 decibitcoin
0.01 BTC = 1 cBTC = 1 centibitcoin
0.001 BTC = 1 mBTC = 1 millibitcoin
0.0001 BTC = 100 μBTC = 100 microbitcoins
0.00001 BTC = 10 μBTC = 10 microbitcoins
0.000001 BTC = 1 μBTC = 1 microbitcoin
0.0000001 BTC = 100 nBTC = 100 nanobitcoins
0.00000001 BTC = 10 nBTC = 10 nanobitcoins

http://en.wikipedia.org/wiki/Si_prefixes
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July 01, 2011, 09:30:20 PM
 #133

Picoin

PicoIn

PiCoin

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Alex Beckenham
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July 19, 2011, 11:25:01 PM
 #134

Picoin

PicoIn

PiCoin

Picoin is already reserved. It means 3.14159 BTC.

FCTaiChi
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July 20, 2011, 02:00:21 AM
 #135

0.1 BTC = 1 dBTC = 1 decibitcoin
0.01 BTC = 1 cBTC = 1 centibitcoin
0.001 BTC = 1 mBTC = 1 millibitcoin
0.0001 BTC = 100 μBTC = 100 microbitcoins
0.00001 BTC = 10 μBTC = 10 microbitcoins
0.000001 BTC = 1 μBTC = 1 microbitcoin
0.0000001 BTC = 100 nBTC = 100 nanobitcoins
0.00000001 BTC = 10 nBTC = 10 nanobitcoins

http://en.wikipedia.org/wiki/Si_prefixes

^  this is what I was about to say, glad I read every post

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July 20, 2011, 04:44:24 AM
 #136

Bitlet
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July 20, 2011, 05:21:44 AM
 #137

picobit?

A "Bernanke" is also good.

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July 20, 2011, 06:14:11 AM
 #138

0.1 BTC = 1 dBTC = 1 decibitcoin
0.01 BTC = 1 cBTC = 1 centibitcoin
0.001 BTC = 1 mBTC = 1 millibitcoin
0.0001 BTC = 100 μBTC = 100 microbitcoins
0.00001 BTC = 10 μBTC = 10 microbitcoins
0.000001 BTC = 1 μBTC = 1 microbitcoin
0.0000001 BTC = 100 nBTC = 100 nanobitcoins
0.00000001 BTC = 10 nBTC = 10 nanobitcoins

http://en.wikipedia.org/wiki/Si_prefixes
I agree with using the SI system. I think 10 nBTC is fine, would have fitted better with nine decimals though.

Might be nice to give the smallest unit it's own name. I like the following suggestions:
microcent (since it's 1/100 [a cent] of a μBTC)
credit (standard currency in sci-fi)
bitcoin-atom (since they are indivisible)
bit (smallest digital unit)

Looking at https://secure.wikimedia.org/wiktionary/en/wiki/bit bit is actually synonymous to coin.
1 bit, 10 bits, 100 bits is 1 μBTC, 1 megabit is 1 cent and 100 megabit is 1 BTC. But maybe it's too confusing since bit is used frequently in other contexts.

My guess is that only SI prefixes will be used in the end if not, or as someone suggested, the decimal is removed entirely, so that 0.00000001 "old" btc = 1 "new" btc, it would be as easy as adding a multiplier in the software.
CoinHunter
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July 20, 2011, 06:27:15 AM
 #139

0.1 BTC = 1 dBTC = 1 decibitcoin
0.01 BTC = 1 cBTC = 1 centibitcoin
0.001 BTC = 1 mBTC = 1 millibitcoin
0.0001 BTC = 100 μBTC = 100 microbitcoins
0.00001 BTC = 10 μBTC = 10 microbitcoins
0.000001 BTC = 1 μBTC = 1 microbitcoin
0.0000001 BTC = 100 nBTC = 100 nanobitcoins
0.00000001 BTC = 10 nBTC = 10 nanobitcoins

http://en.wikipedia.org/wiki/Si_prefixes

^  this is what I was about to say, glad I read every post

Agree with this too.

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FCTaiChi
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July 20, 2011, 01:20:02 PM
 #140

Unfortunate it's not to the 9th place, yes..   
Does dBTC, mBTC, nBTC or dB, mB, nB seem more useable?

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