Contest to name the 0.0001 BTC unit (0.1 BTC prize!)

[tokona]

Ore

[1714824561]

1714824561

[1714824561]

1714824561

[Engineer2B]

Aladeen - we need to get Arab money on the bitcoin bandwagon.

[desertfox470]

Microbit!

[westkybitcoins]

incribit

Centoshi
Itsy
Mitsubitsy

Ore

'Aladeen'

[mises]

Call it a Bittlet

[Krellan]

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

[hahahafr]

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

[chalkyuk]

bits

[hahahafr]

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)

[Engineer2B]

iBTC - the bitcoin becomes personal  .

[medUSA]

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)

[Glynn]

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

[westkybitcoins]

Call it a Bittlet

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

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

[CoinThinker]

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.

[hahahafr]

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

[Qim]

… ...

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 ?

[marcus_of_augustus]

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

that sounds like it could be a bit-shit

[jongameson]

Mc

[Glynn]

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)

[R2D221]

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.