empoweoqwj
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January 04, 2014, 03:28:51 AM |
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Someone should really put up a page or a wiki somewhere with all the denominations known for each digit place:
10,000.00000000 = 1 pizza 1.00000000 = 1 bitcoin 0.01000000 = 1 bitcent/centibit (cBTC?) 0.00100000 = 1 millibitcoin (mBTC) 0.00010000 = 1 finney 0.00000100 = 1 microbitcoin (uBTC) 0.00000001 = 1 satoshi
But there are no accepted denominations, except for bitcoin and satoshi. Any wiki page put up would be edited 10 times a day ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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son_of_a_bit
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January 04, 2014, 03:43:38 AM |
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Simple!
Son of a bit
or
Bitski
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HadToLookTwice
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January 04, 2014, 04:06:21 AM |
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I've wanted to call it minicoin too. Or maybe a centcoin.
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BitTrade
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January 04, 2014, 04:15:36 AM |
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This has probably been mentioned earlier, but I've been pushing for "bits" for about a year now
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HadToLookTwice
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January 04, 2014, 05:16:13 AM |
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This has probably been mentioned earlier, but I've been pushing for "bits" for about a year now
Mhmm I wonder why.
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coinage
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January 04, 2014, 09:55:19 AM |
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Since Hal 'Finney' has drawn attention it's reasonable to look at variations. In actual usage a shorter 1-syllable name would often be substituted:
1 hal 1 fin 1 finn
There's also a combination:
1 halfin (or halfinn)
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jonanon
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January 04, 2014, 12:13:39 PM |
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How about 'semibit', 'fracbit' as in fraction of, 'grambit' or 'fairbit' ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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CoinThinker
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January 04, 2014, 12:40:39 PM |
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Really, not because it was my idea, but so far I think the best and most marketable way to denominate bitcoin is to use the threeObitcoin, fourObitcoin, ... whatever number of zeros are after the decimal point before the first bit.
Bitcoin is used by regular people too (at least hopefully it will be used), not only by you guys, who are staying on these forums all day, and are experts in mining, programmers, mathematicians, etc. Common people understand easiest something which is DESCRIPTIVE. On the other hand if we start to give names like satoshi to each fraction on bitcoins I bet that even we are going to be messed up about all the denomination (remember, we are talking about a very unusual currency with a lot of decimals).
Also, I'd like the emphasize again the importance of having the wording BITCOIN in the denomination. Crypto currencies are still not safe from banks and governments, basically they'll always be against their interest. So I think is crucial to make them MORE AND MORE popular for the common people also (not only some experts, miners, traders), in order to make it un-stopable. It has to be a social thing, people should understand it easy, etc.
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jonanon
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January 04, 2014, 01:17:30 PM |
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Also 'nanobit', 'splitbit', 'fragbit'. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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BitCoinDream
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January 04, 2014, 01:28:08 PM Last edit: January 04, 2014, 02:02:54 PM by BitCoinDream |
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OneBTCJay
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January 04, 2014, 01:57:54 PM |
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bit
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Borbolon
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January 04, 2014, 02:07:56 PM |
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What are the proposed names until now?
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DobZombie
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January 04, 2014, 02:15:52 PM |
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0.0001 BTC
1.00000000 BTC = 10 MegaSats 0.10000000 BTC = MegaSat 0.00010000 BTC = KiloSat 0.00000001 BTC = Sat
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Tip Me if believe BTC1 will hit $1 Million by 2030 1DobZomBiE2gngvy6zDFKY5b76yvDbqRra
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bitbrasil
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January 04, 2014, 02:39:32 PM |
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This is the most insightful answer I've read here. So if I'm understanding this correctly:
1.00000000 = oku 0.00010000 = man
Edit:
1.00000000 = 1 oku satoshi 0.00010000 = 1 man satoshi (1 man) 0.00000001 = 1 satoshi (1 sat)
That's interesting, I also like the idea of using "1 man satoshi" or "1 man" for short. SO 1 BTC would be equivalent to 1 oku satoshi
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waxaddict
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January 04, 2014, 03:44:19 PM |
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A BabyBit.
Simple, catchy, rolls off the tongue, appeals to the casual user.
Bitcoin needs ease of use and simplicity if its to become widespread. Naming bits japanese words or computer jargon, while nifty, doesn't really help.
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tlo
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January 04, 2014, 04:05:59 PM |
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1 Nioc (reverse "coin") 1 Billy 1 Biccy 1 Bikky 1 Bissy 1 Biddy 1 Birry 1 Biffy 1 Bixxy
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CooterCoin
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January 04, 2014, 04:27:14 PM Last edit: January 04, 2014, 04:40:00 PM by CooterCoin |
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Try to follow this now.... (Roman numeral one)=> I (ten-thousandth)=> tt (incremented)=> i0.0001 BTC = Ittibit or IttiBitOne ten-thousandth incremented = Itti Thank you for your consideration.... ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) Cooter
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Phinnaeus Gage
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Bitcoin: An Idea Worth Spending
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January 04, 2014, 04:32:43 PM |
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+1 for Finn. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I also like Turing.
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Kluge
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January 04, 2014, 04:43:17 PM |
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What about
00.00000001 = 1 satoshi (1 s or 1 sat) 00.00000010 = 10 satoshi (10 s or 10 sat) 00.00000100 = 100 satoshi (100 s or 100 sat) 00.00001000 = 1 kilo-satoshi (1 ks or 1 ksat) 00.00010000 = 10 kilo-satoshi (10 ks or 10 ksat) 00.00100000 = 100 kilo-satoshi (100 ks or 100 ksat) 00.01000000 = 1 mega-satoshi (1 Ms or Msat) 00.10000000 = 10 mega-satoshi (10 Ms or 10 Msat) 01.00000000 = 100 mega-satoshi (100 Ms or 100 Msat) 10.00000000 = 1 giga-satoshi (1 Gs or 1 Gsat)
Chosen here or not, this will be the naming scheme in the future, and gambling establishments which regularly deal in small amounts of BTC already use an identical or similar system. There's no longer any reason to keep the radix point in Bitcoin. Most people aren't dealing with 10BTC+ transactions every day.
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westkybitcoins (OP)
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Firstbits: Compromised. Thanks, Android!
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January 04, 2014, 09:47:32 PM |
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Bitski
I've wanted to call it minicoin too. Or maybe a centcoin.
1 hal 1 fin 1 finn 1 halfin (or halfinn)
How about 'semibit', 'fracbit' as in fraction of, 'grambit' or 'fairbit'
Also 'nanobit', 'splitbit', 'fragbit'.
We already have nano-bitcoins (0.1 satoshi), sorry A BabyBit.
1 Nioc (reverse "coin") 1 Billy 1 Biccy 1 Bikky 1 Bissy 1 Biddy 1 Birry 1 Biffy 1 Bixxy
I also like Turing.
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Bitcoin is the ultimate freedom test. It tells you who is giving lip service and who genuinely believes in it.
... ... In the future, books that summarize the history of money will have a line that says, “and then came bitcoin.” It is the economic singularity. And we are living in it now. - Ryan Dickherber... ... ATTENTION BFL MINING NEWBS: Just got your Jalapenos in? Wondering how to get the most value for the least hassle? Give BitMinter a try! It's a smaller pool with a fair & low-fee payment method, lots of statistical feedback, and it's easier than EasyMiner! (Yes, we want your hashing power, but seriously, it IS the easiest pool to use! Sign up in seconds to try it!)... ... The idea that deflation causes hoarding (to any problematic degree) is a lie used to justify theft of value from your savings.
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