Name the 0.0001 BTC unit - 1st POLL

[westkybitcoins]

The contest to propose a name for the 0.0001 BTC unit continues! Details below....

Please read carefully:

The name list in the poll is set in stone. The primary criteria that held sway was the number of recommendations (including duplicate or similar submissions) for each name, followed by terseness and marketability. That said, I thought some of the suggestions that didn't make the cut were pretty good, but these to some degree or another seemed to spark more interest from the community.

So... please go ahead and vote for whichever name you feel is "best", based on your own personal criteria/preferences/etc. You also get a second vote if you want to throw your weight behind another name in case your first choice doesn't get into the final four (I strongly recommend doing so.) Note that you will not be able to change your votes! Feel free to comment on the choices, or to make the case for one choice over others. As usual, please stay on topic, etc.

Voting will be closed and the thread locked at 23:59:59 CST (GMT-6) on Wednesday, January 8. Shortly thereafter the final poll presenting the final four names will be posted. The final four will be chosen from the highest-voted names that are not found to be obviously flawed (see first thread for examples.)

One final thought: keep in mind that a name for the unit wouldn't necessarily be used as-is; variations of it, or even abbreviations or prefixes derived from it could just as well take hold.

With that, we're off. May the best name win!

bip - arcke
bit - jakioflap
bitdime - amincd
bitski - Bobsurplus
decimillibit - Lorum_Ipsum
finney - bassclef
littlebit - Steef
man/maan-satoshi - wjmilne
minicoin - gbianchi
nakamoto - HairyMaclairy
pbit - Glynn
sbit - arcke

[joeroxor]

Such a difficult decision!

When said aloud "3 bits" as apposed to "3 bitskis", bit ended up sounding the best. Reminds me of a 'buck'. 3 bits, 3 bucks.

[Dr Bloggood]

Bitski, braski!!

I also like minicoin and maybe littleshit, I mean littlebit (funny!).

[HairyMaclairy]

1 Nakamoto could be shorted to 1 Nak or 1 Naka just like 1 Satoshi will probably be shortened to 1 Sat.

Disclosure:  I am talking my own book 

[BittBurger]

They all suck

+ 100

[fiatsux]

how about a "bleiber"   

[empoweoqwj]

All bad - just stick with 0.0001

[jonanon]

Not keen on any of them really, I would prefer grambit as a viable name, none of these here are easy to the ear.

[medUSA]

They all suck

+ 100

+1000

There were a few really good ones and none of them are in the poll?

[Duane Vick]

"Shave and a haircut, two bits"

A bit is about 12.5 cents in US money before the decimal system did away with it. Prior to that, one bit was 1/8th of a Spanish dollar. See pieces-of-eight.

When bitcoin peaked, 0.0001 btc would have been on par with the US bit.

[empoweoqwj]

Do we really have to give names to all 8 decimal points? I thought bitcoin was supposed to make our lives easier .....

[xenotrunksx]

I agree that each decimal place doesn't really need its own name.  For me 0.0001 BTC is either 0.1 mBTC (millibitcoins/millibits/em-bits/em-bitcoins - whichever you fancy) or 100 uBTC (microbitcoins/microbits/u-bits).  That being said I chose decimillibit since it follows the same format.

[empoweoqwj]

I agree that each decimal place doesn't really need its own name.  For me 0.0001 BTC is either 0.1 mBTC (millibitcoins/millibits/em-bits/em-bitcoins - whichever you fancy) or 100 uBTC (microbitcoins/microbits/u-bits).  That being said I chose decimillibit since it follows the same format.

Did you honestly say "decimillibit"? ..... this is how silly this debate is. We are trying to invent words that nobody can spell or say .... when we have numbers already.

[xenotrunksx]

I agree that each decimal place doesn't really need its own name.  For me 0.0001 BTC is either 0.1 mBTC (millibitcoins/millibits/em-bits/em-bitcoins - whichever you fancy) or 100 uBTC (microbitcoins/microbits/u-bits).  That being said I chose decimillibit since it follows the same format.

Did you honestly say "decimillibit"? ..... this is how silly this debate is. We are trying to invent words that nobody can spell or say .... when we have numbers already.

As I said I do not think any new names are necessary but that is not a choice in the poll.

[BlueNote]

Bitcoin/Bit/Satoshi is the way to go. Each range of 4 decimal places will cover 10,000 units, which is easy to remember, and the names are easy to say. And look at this beautiful little thing below. You can express this whole naming scheme in two lines!

1 Bitcoin = 10,000 Bits
1 Bit = 10,000 Satoshis

Simplicity. Marketability. Roll-off-the-tongue-ness.

[BlueNote]

Do we really have to give names to all 8 decimal points? I thought bitcoin was supposed to make our lives easier .....

No. You missed the point of the poll. The point is to do away with naming each decimal place by naming just the 4th since it is the midpoint of the range. We already have Bitcoin for the whole unit and Satoshi for the 8th place. So we can move forward with just three names that will help people to more easily deal with the smaller units.

We'll express values as 50 bits, rather than the bewildering .00500000 bitcoins. This could be used as the new standard unit for everyday transactions. This one name is all we'd need for a very long time since it covers a range of 10,000 units. The benefit of such a naming scheme is that we'd almost always be dealing in whole numbers. Whole numbers are more visually appealing and there's much less of a chance of missing a decimal place and sending a costly erroneous payment.

At the current exchange rate, you can buy 10 bits for $1. So the BIT price would be displayed as $.10 rather than a BTC price of $1000. Many people see this as a refreshing step forward in terms of simplicity and marketability. If the exchanges adopted this scheme, many think that the $.10 price would make it much easier for people to buy in as, again, they'd be dealing in whole numbers of the named midpoint subunit rather than fractions of the main unit.

We are stuck dealing with the smaller units, so why not make it as simple as possible by just naming the 4th place so we can quote prices and payments in convenient whole numbers?

[darbon]

1 finney!!

[empoweoqwj]

Do we really have to give names to all 8 decimal points? I thought bitcoin was supposed to make our lives easier .....

No. You missed the point of the poll. The point is to do away with naming each decimal place by naming just the 4th since it is the midpoint of the range. We already have Bitcoin for the whole unit and Satoshi for the 8th place. So we can move forward with just three names that will help people to more easily deal with the smaller units.

We'll express values as 50 bits, rather than the bewildering .00500000 bitcoins. This could be used as the new standard unit for everyday transactions. This one name is all we'd need for a very long time since it covers a range of 10,000 units. The benefit of such a naming scheme is that we'd almost always be dealing in whole numbers. Whole numbers are more visually appealing and there's much less of a chance of missing a decimal place and sending a costly erroneous payment.

At the current exchange rate, you can buy 10 bits for $1. So the BIT price would be displayed as $.10 rather than a BTC price of $1000. Many people see this as a refreshing step forward in terms of simplicity and marketability. If the exchanges adopted this scheme, many think that the $.10 price would make it much easier for people to buy in as, again, they'd be dealing in whole numbers of the named midpoint subunit rather than fractions of the main unit.

We are stuck dealing with the smaller units, so why not make it as simple as possible by just naming the 4th place so we can quote prices and payments in convenient whole numbers?

OK fair enough, but good luck on the community ever deciding on a name

And also, as the price of BTC increases, if we go the naming route, we'll probably have to name all the other buggers as well

[bryant.coleman]

They all suck

Agree with that. None of the names are short and easy to remember.

[waxaddict]

That was pointless, why not just poll all the entries?

Agree, all those suck.

Babybit BTW.