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Poll
Question: What should be the name of .00000001 BTC?
Satoshi
microBitCents (or uBTcents, or microns, or anything else with the same meaning)
.00000001 (leave it unnamed)
1 BTC (change the base to the smallest possible)
Don't care, as long as a consensus is reached
It doesn't matter
Other (please elaborate in post)

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Author Topic: Unit name for 1e-8 BTC  (Read 3681 times)
CJYP
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August 24, 2011, 04:26:23 AM
 #1

I've been seeing a lot of discussion about smaller units of BTC, so I decided to make a poll to see what the consensus is, if there is one, about the name of the smallest unit possible with the current software.
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August 24, 2011, 04:36:22 AM
 #2

If Bitcoin grows to become widespread, we need a very easy, comfortable name - nothing techy like "uBTcents". Bleh.

I think something like "minicoins" would be perfect. Your Starbucks latte will cost perhaps 15 minicoins.

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August 24, 2011, 05:05:17 AM
 #3

10^-8
ten to the negative 8th power
ten to the neg eight
neg eight
negate
"Gimme those negates"
hmm, nuggets?
"Eighteen nuggets for a beer? Outrageous"

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FreeMoney
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Strength in numbers


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August 24, 2011, 05:06:37 AM
 #4

If Bitcoin grows to become widespread, we need a very easy, comfortable name - nothing techy like "uBTcents". Bleh.

I think something like "minicoins" would be perfect. Your Starbucks latte will cost perhaps 15 minicoins.



.001 is a millicoin (millie)
.000001 is a microcoin (mike)
.00000001 is a nugget

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geek-trader
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August 24, 2011, 05:21:35 AM
 #5



.001 is a millicoin (millie)
.000001 is a microcoin (mike)
.00000001 is a nugget

I like.

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August 24, 2011, 05:30:52 AM
 #6

1e-8 BTC = 10 nanocoins.


Insti
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August 24, 2011, 05:33:00 AM
 #7

Stick with SI prefixes.

10-9 is nano

So the smallest (current) unit would be 10 nano(bit)coins.


Edit: It seems helloworld posted the same thing, but more quickly. I agree with him.
marhjan
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August 24, 2011, 06:28:00 AM
 #8

It's a satoshi, deal with it.  Just like officially in the US the $0.01 coin is technically called a cent, but many people refer to it as a penny.  The United States has NEVER minted pennies but people still call them that.  So ok, technically it's 10 nanocoins, but realistically people will be saying SAT, or satoshi.  People can tear their hair about what it's officially called, but there are already euphemisms floating around that can't realistically be revoked.

0.01btc is either 1 bitcent or 10 bitmill, no matter what you tell me, and 0.00054026btc is 54,026 SAT, or perhaps rounded to 0.54btm.

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Serith
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August 24, 2011, 06:37:52 AM
 #9

Stick with SI prefixes.

10-9 is nano

So the smallest (current) unit would be 10 nano(bit)coins.


Edit: It seems helloworld posted the same thing, but more quickly. I agree with him.
As I described in this post, using nano have it's implications.

Everyone used to see portraits of leaders on money. Why shouldn't we have personality attached to bitcoin as well?
Vote for Satoshi!
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August 24, 2011, 07:51:42 AM
 #10

I too think that using SI is the way to go. 10 nano it is.
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August 24, 2011, 07:58:46 AM
 #11

The United States has NEVER minted pennies but people still call them that.

Not the US, but remember there was a time before the US.  Cool

The word Dollar comes from the Thaler, and the word Penny from the Pfennig.

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the joint
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August 24, 2011, 08:17:10 AM
 #12

My candidates.

Poorcoins
want-me-some-mo-coins
grubcoins
invisicoins
badcoins
nigcoins
derka-derka-coins
pesos

Saturn7
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August 24, 2011, 09:28:15 AM
 #13

I think it should be left as it is,
bitcoin should be a global reserve currency where each coin is worth billions of dollars  Grin

Then everybody else can use other chain blocks of unit sizes for everyday use, where 1 bitcoin would be worth millions of other crypto currency units.

Basically a bitcoin is big gold bar, and all the other crypto currencies should be small silver coins.



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August 24, 2011, 10:26:43 AM
 #14

How about the "Teetominnie" ?


Thought process: 10^-8, Ten2theminusEight, T2-E Teetominnie

 Grin

gressen
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August 24, 2011, 10:55:18 AM
 #15

How about the "Teetominnie" ?


Thought process: 10^-8, Ten2theminusEight, T2-E Teetominnie

 Grin



Take me to your dealer Wink
Sukrim
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August 24, 2011, 11:04:50 AM
 #16

What's "tentominuseleven" then?! Roll Eyes

Currently "Satoshi" is widespread...

What's far more important imho is to shift the decimal point by 3 or 6 digits to the right. 1 single Bitcoin being worth as much as ~ a meal at McDonalds is psychologically not intelligent.

There's a reason why you can buy hundreds or even thousands of Nintendo/X-Box/... "points" even if all prices there could be divided by 10 or 100 without any problems. While handling money, many people don't like decimal places and are especially NOT able to grasp the concept of a third relevant decimal place! (0.001 BTC = ~1 US cent!)

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wumpus
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August 24, 2011, 02:43:26 PM
 #17

I've been seeing a lot of discussion about smaller units of BTC, so I decided to make a poll to see what the consensus is, if there is one, about the name of the smallest unit possible with the current software.
It is just an implementation detail of the current software that will change eventually. You can call it "Satoshi" to honor the author, but please simply use SI units officially. 1e-8 is 10 nanobitcoin (nBTC). Nanobitcoins won't be useful in the forseeable future, though.

I've used the SI convention in the Qt (experimental) UI by supporting entry and showing amounts in mBTC (1e-3) and μBTC (1e-6). So people like Sukrim that like to see large numbers can simply change a config option Smiley


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stryker
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August 24, 2011, 03:20:55 PM
 #18

If bitcoing goes widespread then 1 bitcoin should be renamed unobtainium  Grin
iBug
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August 24, 2011, 03:57:58 PM
 #19

There's no need for a name yet. Let's discuss about it when the $/BTC ratio reaches 1,000 USD.
And when the ratio reaches 1 million, the 1e-8 will be 1 USD cent ($0.01).
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August 24, 2011, 07:09:53 PM
 #20

The United States has NEVER minted pennies but people still call them that.

Not the US, but remember there was a time before the US.  Cool

The word Dollar comes from the Thaler, and the word Penny from the Pfennig.

Check this out:

The Thaler (or Taler or Talir) was a silver coin used throughout Europe for almost four hundred years. Thal is German for "valley". A "thaler" is a person or a thing "from the valley".

California (ie Silicon Valley) has the largest GDP of any state. The biggest source of US GDP is "from the valley".  Cool
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