We need a 1-syllable word

[Speakeron]

Mib.

[1714163528]

1714163528

[1714163528]

1714163528

[1714163528]

1714163528

[leemar]

Hal or Fin  (Hal Finney),

or

Max  (mXBT)

[theonewhowaskazu]

We have our Western blinkers on. If China becomes a major (majority ) owner of bitcoins we have to consider a mandarin word. Heres a few (hundred)  Choose some

http://mandarin.about.com/od/vocabulary/tp/most_common_mandarin_words_abc.htm

băi
""

Traditional: 百
Simplified: 百
Pinyin: băi

Meaning: hundred

There may even be a Character that LOOKS like a bitcoin symbol

I nominate this.

[FenixRD]

I'm on board the uBTC as "bit" train, having slapped the SI out of myself. Too many syllables, the general public will never go for it. Even I don't really feel like saying more than a syllable -- it's why everyone says "bucks" for dollars. Simplicity is the reason for not having a name for mBTC and a separate one for uBTC. No major currency does this. It allows for two decimal places for satoshis (which, probably, will never really be called that), eg 25.44 bits. Very comfortable for people. Larger amounts are comfortable too. Even now, one bit is already 1/10th of a US cent (more like 1/9th I guess, as of now). In Japan (where they also group in digits of 4, btw) 10000 JPY = 100 USD = .09 BTC. They don't do decimals, so large numbers are already pocket change.

I also like "mikes" as short for micro, but that is well-used as shorthand for "minutes" in some areas, so idk.

Oddly, I haven't seen this mentioned yet in reasons for using "bits" but, the bit has a history predating computing as a unit of money: http://en.wikipedia.org/wiki/Bit_(money) ...I find this very fitting, tying two eras together. It was only very recently that all reference to a bit as a unit of money has been fairly lost from our consciousness. Also, Wikipedia above already links to the Bitcoin page, lol.

A million bits in a Bitcoin. 100 "satoshis" or whatever we end up calling it, in a bit. This gives plenty of room for growth, even if we add more decimals down the road (maybe we plan ahead, and assume we'll need to add six more decimals later, and save millibits and microbits or "mikes" for that, mikes as in microbits where a bit was already .000001 BTC, therefore a microbit is 1e-12) and is logical for the general population. If anything, we haven't planned ever more than a few months ahead with Bitcoin so far.

[FenixRD]

We have our Western blinkers on. If China becomes a major (majority ) owner of bitcoins we have to consider a mandarin word. Heres a few (hundred)  Choose some

http://mandarin.about.com/od/vocabulary/tp/most_common_mandarin_words_abc.htm

băi
""

Traditional: 百
Simplified: 百
Pinyin: băi

Meaning: hundred

There may even be a Character that LOOKS like a bitcoin symbol

I nominate this.

I appreciate the thought behind this sentiment, but I think I'll let the Chinese pick a meaningful unit. I can only read Mandarin at about a kindergarten level, but since 1 BTC approaches the magic 8888 CNY, I have to assume they're talking about the same thing. I figure, with the economy relatively half-and-half, we'll need a word of our own for a while, and so will they (can you imagine, at this stage, trying to convince a self-described "american patriot" to invest in a Chinese-named currency? The public, and in most countries, not just the US, wouldn't be receptive at all, not in 2013. We'll get there, but it's too soon -- we want to let Bitcoin be a subtle tool of unification, not a blunt instrument), and as the world unifies as "people" over countries, we'll each know each others' words. At that time, we can collectively decide as a culture which word will win.

[Ruzka]

bytes sounds good to me.

[b!z]

a bit.

1000 bits to a Bitcoin.

I think this is a good idea. mBTC = bit?

[FenixRD]

a bit.

1000 bits to a Bitcoin.

I think this is a good idea. mBTC = bit?

A more common conclusion (one which I share) is that with the speed of adoption and some of the things that are being rolled out this fall / spring, we should skip mBTC as a named unit altogether and just go with 1 bit = 1 uBTC, as in 1,000,000 bits in a Bitcoin. People will have no trouble talking about things up to units of 1 million. They do it all the time now. Using bits up on mBTC will immediately create the problem again very soon for what to call uBTC.

• 100 Satoshis(?) in a Bit. (Maybe these will be Bitcents or something, idk.)
• 1000 Bits just is 1000 Bits. Or a kBit. Probably more like, 1K Bits, in writing, no different than dollars. "A cup of coffee currently runs you around 6K Bits at Starbucks." I doubt people will run into confusion regarding data vs. currency. Particularly since the whole point is that data CAN be currency, it's rather fitting, the correlation, for the average joe.
• 1M Bits. Just like dollars. 1 million Bits in a Bitcoin.

Maybe, like cents, the symbol can eventually be a lowercase "b" with a hashmark or slash or something like BTC uses.

[Johnny Bitcoinseed]

I am thinking metric-term + "Bit"; for example 7 CentiBits

After all, it is "BitCoin", it makes sense to keep the "Bit" when describing the fraction of a BitCoin as this would connotate we are speaking of Bitcoins.

Likewise for LiteCoin use MilliLite etc

[hmmkay]

Ticks, Clicks and Micks,

Maybe with the B in front of it.
B-ticks, B-clicks and B-micks.

It should roll nicely of your tongue.. I wouldn't try to incorporate the 'meaning' of the decimal places in the name.

[qwerty555]

We have our Western blinkers on. If China becomes a major (majority ) owner of bitcoins we have to consider a mandarin word. Heres a few (hundred)  Choose some

http://mandarin.about.com/od/vocabulary/tp/most_common_mandarin_words_abc.htm

băi
""

Traditional: 百
Simplified: 百
Pinyin: băi

Meaning: hundred

There may even be a Character that LOOKS like a bitcoin symbol

I nominate this.

I appreciate the thought behind this sentiment, but I think I'll let the Chinese pick a meaningful unit. I can only read Mandarin at about a kindergarten level, but since 1 BTC approaches the magic 8888 CNY, I have to assume they're talking about the same thing. I figure, with the economy relatively half-and-half, we'll need a word of our own for a while, and so will they (can you imagine, at this stage, trying to convince a self-described "american patriot" to invest in a Chinese-named currency? The public, and in most countries, not just the US, wouldn't be receptive at all, not in 2013. We'll get there, but it's too soon -- we want to let Bitcoin be a subtle tool of unification, not a blunt instrument), and as the world unifies as "people" over countries, we'll each know each others' words. At that time, we can collectively decide as a culture which word will win.

Agreed. What I was hoping for that there is a word that crosses over / has meaning to both cultures/languages. A win/win word.

[Bicknellski]

Moo

[phelix]

open ended poll

[phelix]

open ended poll

do it already 

[b!z]

Satoshi = sat
uBTC= you
mBTC = mil
BTC= bit

[MatthewLM]

"Mil" will not be confused with million if you say "mils", ie. "That will be 2.56 mils please". You could also apply it to one ("one mils"), even if it sounds a bit weird at first. "Mike" makes sense for micro-bitcoins, and you could say "mikes" to be consistent with "mils".