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Author Topic: Contest to name the 0.0001 BTC unit (0.1 BTC prize!)  (Read 8444 times)
tokona
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January 03, 2014, 10:38:39 PM
 #101

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January 03, 2014, 10:40:56 PM
Last edit: January 03, 2014, 11:27:25 PM by Engineer2B
 #102

Aladeen - we need to get Arab money on the bitcoin bandwagon.
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January 03, 2014, 10:43:39 PM
 #103

Microbit!
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January 03, 2014, 10:56:17 PM
 #104

incribit

Centoshi
Itsy
Mitsubitsy

Ore

'Aladeen'

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
...
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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!)
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The idea that deflation causes hoarding (to any problematic degree) is a lie used to justify theft of value from your savings.
mises
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January 03, 2014, 10:59:22 PM
 #105

Call it a Bittlet

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January 03, 2014, 11:01:18 PM
 #106

I rather like the idea of grouping Bitcoin units by 10,000 as others have said.

It fits in well with Bitcoin's design of 8 decimal places in total.

Grouping by 4 decimal places makes sense here, because 8 decimal places fits cleanly into two groups of 4.

Japanese culture already uses grouping by 4 decimal places: man, oku, chou, kei.  (Maybe this is why Satoshi chose to divide Bitcoin into 8 decimal places, and not 6 or 9, as a Western designer might have done?)

Chinese culture also groups by 4, and we all know how important China is to Bitcoin.

And, we already have a unit for 10,000 BTC, the Pizza (named after the first successful real-world transaction), so this is a smooth progression of units.

10,000 Satoshi = 1 ?

10,000 ? = 1 BTC

10,000 BTC = 1 Pizza

OK, enough rambling, here are my nominations for the "?" unit:

Nakamoto (goes with Satoshi)

Finney (memorable, and a tribute)

Others have already mentioned these, but I agree with them.

Josh

1JUZr4TZ5zuB4WdEv4mrhZMaM7yttpJvLG Smiley
hahahafr
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January 03, 2014, 11:11:00 PM
 #107

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




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January 03, 2014, 11:16:40 PM
 #108

bits
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January 03, 2014, 11:16:45 PM
Last edit: January 04, 2014, 12:22:51 AM by hahahafr
 #109

I rather like the idea of grouping Bitcoin units by 10,000 as others have said.

It fits in well with Bitcoin's design of 8 decimal places in total.

Grouping by 4 decimal places makes sense here, because 8 decimal places fits cleanly into two groups of 4.

Japanese culture already uses grouping by 4 decimal places: man, oku, chou, kei.  (Maybe this is why Satoshi chose to divide Bitcoin into 8 decimal places, and not 6 or 9, as a Western designer might have done?)

Chinese culture also groups by 4, and we all know how important China is to Bitcoin.

And, we already have a unit for 10,000 BTC, the Pizza (named after the first successful real-world transaction), so this is a smooth progression of units.

10,000 Satoshi = 1 ?

10,000 ? = 1 BTC

10,000 BTC = 1 Pizza

OK, enough rambling, here are my nominations for the "?" unit:

Nakamoto (goes with Satoshi)

Finney (memorable, and a tribute)

Others have already mentioned these, but I agree with them.

Josh


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)




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January 03, 2014, 11:27:39 PM
 #110

iBTC - the bitcoin becomes personal  Wink.
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January 04, 2014, 12:20:43 AM
 #111

I would keep the japanese theme, japanese for 10000 is "man"

Matoshi

If worried about getting mixed up with "milli" or "micro", could use:

Yorozu (ybtc)

From the denominated bitcoin perspective:

Elebit (ebtc)
Element of Bitcoin

Rather comical as in "wee bit":

wibit (wbtc)
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January 04, 2014, 12:28:18 AM
 #112

pip bit = 1/100 of 1% of 1 bitcoin = 1 pbit = 1 pb
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January 04, 2014, 12:35:38 AM
 #113

Call it a Bittlet

Matoshi
Yorozu (ybtc)
Elebit (ebtc)
wibit (wbtc)

pip bit = 1/100 of 1% of 1 bitcoin = 1 pbit = 1 pb

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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January 04, 2014, 12:53:38 AM
 #114

threezerobitcoin, trizebitcoin, triobitcoin, trinbitcoin, trinubitcoin, trizibitcoin, trezebitcoin - or some other variation of the same theme; the idea is that 0.0001 is composed of THREE ZEROS (000) followed by one bit (1); of course variations are written as they are pronounced, not gramatically p

My personal favorite is triobitcoin or threeObitcoin (toBTC). I think that it would be very important to add the word bitcoin into this, instead of calling it satoshi, jimmyes, etc... because it will help promote the currency and make more people familiar with it. Let's not forget that the more people are going to use, the more places it is going to be used the less chances are that govs will be able to stop it.
The other reason why I really like this version is that many people have problems remembering the number of zeros following the decimal point. This way the denomination would actually contain it, so there would be no missunderstanding.

bitpence (altough pence should refer to 1/100 part of it)

biteight/eightbit - because if we reverse the decimal part of 0.0001, we get 1000 and that's the binary equivalent of 8 (I think nothing represents more a digital coin that including in its name some binary stuff). This I think it's to advanced and many people will not understand it easily.

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January 04, 2014, 12:54:08 AM
 #115

Call it a Bittlet

Matoshi
Yorozu (ybtc)
Elebit (ebtc)
wibit (wbtc)

pip bit = 1/100 of 1% of 1 bitcoin = 1 pbit = 1 pb


+
Mansat
Finney




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January 04, 2014, 12:59:03 AM
 #116

… ...

II.) Shortly after the deadline, a new thread will be started; it will host a poll of the top twelve names. Comments and suggested modifications on the names will be sought in the thread, along with votes. The top twelve names will be selected for the poll from this thread, based on: apparent popularity in this thread, terseness (fewer syllables is generally better,) lack of obvious faults (a name that's offensive in German probably isn't going to make it,) reflection of related technical or liberty-oriented themes, ease of pronunciation, general marketability, and my own personal bias (I'll try to eliminate it, but let's be upfront: some bias will probably still slip through.) Until the next thread is posted, this contest may be cancelled due to lack of interest or other relevant circumstance. But once that next thread is posted, you can presume I'm 100% committed to giving someone the 0.1 BTC.

Voting and comments for the poll will be open until January 18 January 8, 23:59:59 CST.

… ...

Well, who have the right to decide the top 12 names ? To make it really fair, how about to put all the names to the poll ?
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January 04, 2014, 01:42:07 AM
 #117

I'd take some letters from "Satoshi" and some from "bit", so I propose SHIT.

that sounds like it could be a bit-shit

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January 04, 2014, 01:46:06 AM
 #118

Mc

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January 04, 2014, 02:57:25 AM
Last edit: January 04, 2014, 10:01:12 AM by Glynn
 #119

A consensus for the .0001 bitcoin, could evolve from the terminology around basis points.  Without adding any new nomenclature, a bitcoin moving one basis point moves 0.0001 bitcoin = 1 btc bp.  One basis point is a pip.  So, 1 bitcoin pip = 0.0001 btc = 1 btc pip = 1 btc basis point = 1 btc bps.  

One could consider names:

.0001 bitcoins = bitcoin pip
.0001 bitcoins = btc pip
.0001 bitcoins = bit pip

"Bitcoin pip" is not a new identifier since a pip is already defined as 1/100 of 1%, and "Bitcoin pip" describes a pip, not a type of bitcoin.  Besides, if "Bit pip" were to work as new nomenclature, then bp would be the abbreviation which already means basis point.  

That is the context for proposing that a 1 basis point move, a bitcoin pip, be called a pip bit = 1/100 of 1% of 1 bitcoin = 1 pbit = 1 pb .  

PS - How do I modify the site's spell checker to accept the word "bitcoin" as a correct spelling? (by modifying my browser's dictionary)


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January 04, 2014, 03:27:28 AM
 #120

threezerobitcoin, trizebitcoin, triobitcoin, trinbitcoin, trinubitcoin, trizibitcoin, trezebitcoin - or some other variation of the same theme; the idea is that 0.0001 is composed of THREE ZEROS (000) followed by one bit (1); of course variations are written as they are pronounced, not gramatically p

I would like to give some feedback on this. Using “three” as the name of 0.0001 is misleading, because mathematically it's 10-4, so it should use “four” or some variation of it as part of its name.

An economy based on endless growth is unsustainable.
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