Name the 0.0001 BTC unit - 1st POLL

[Bobsurplus]

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.

3 bits just sounds so plain though, and can be confused with 3 tits!

I like bitski!

[chaoticbrain]

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.

I like this, but the amounts wouldn't make sense to people in terms of most transactions, buying a coffee would cost 100 bits ?

[2tights]

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.

I like this, but the amounts wouldn't make sense to people in terms of most transactions, buying a coffee would cost 100 bits ?

Well, shit why not? Certainly at least 100 units of value can be extrapolated from a cup of coffee, right? maybe 10 units for the cup, 10 units for the water, 50 units for energy consumption, 30 units for service.

[Altoidnerd]

They all suck

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

Yes.

I hate all these names, and I also hate the idea of making 10^-4 special.  It's not.  Just say "one tenth of one millibitcoin."

1 bitcoin
.001 bit dollar
.0001 bit pennies

or

1 bitcoin
.001 millicoin
.0001 microcoin?

Microcoin is a horrible idea, since micro implies 10^-6.

[chaoticbrain]

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.

I like this, but the amounts wouldn't make sense to people in terms of most transactions, buying a coffee would cost 100 bits ?

Well, shit why not? Certainly at least 100 units of value can be extrapolated from a cup of coffee, right? maybe 10 units for the cup, 10 units for the water, 50 units for energy consumption, 30 units for service.

It's considered a small purchase, so it's kind of a clusterfrack for most people to call it 100 of a currency, therefore we need something like 'bitdollars' or 'bitpennies' that represent 100 of them.

Then again if we ever reach the point where people regularly buy coffee with bitcoin around the world, maybe 10 bits will really be what it takes to buy a coffee.

[chaoticbrain]

They all suck

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

Yes.

I hate all these names, and I also hate the idea of making 10^-4 special.  It's not.  Just say "one tenth of one millibitcoin."

1 bitcoin
.001 bit dollar
.0001 bit pennies

or

1 bitcoin
.001 millicoin
.0001 microcoin?

Microcoin is a horrible idea, since micro implies 10^-6.

Alright, I still like my names better than 'millibitcoin' though.

[bitcoinpreneur]

10 KiloBit?

http://bitcoindenominations.org/

[yenom]

I didn't vote because there wasn't an option for "Don't name it at all."

I am seriously opposed to all naming and converting of Bitcoin decimals to other formats other than simply 0.0001 BTC (Point Zero Zero Zero ONE BTC) or ONE TEN THOUSANDTH of a Bitcoin. It really helps put into perspective the value of the amount being offered and eliminates any confusion.

When you start saying millibits, billybits, bips and all this mess then people will disagree. How hard is it to understand that 1 Bitcoin has 100 Million Bits? Why should we name 5000 Bits something and name 10000 Bits something else?

It would make more sense to call 0.00000001 BTC a BIT, but there is already a name in honor of Satoshi.

So if anything, 0.0001 should be called 10,000 Satoshis which sounds way cooler than anything else on the list.

Corrected that for you.

[rhyso]

or 1000BTC = 1 Megacoin... 

lol

[jackjack]

It must be the thousandth thread about naming a bitcoin subunit, yet the answer will still be "there will be no name for this unit, and even if one will be used it won't have been decided from this thread"

I kinda like the finney though, we owe Hal so much...

[dnaleor]

I prefer 0.1 millibit or 100 microbit

but if you want to give it a name, chose for

1 decimilibitcoin / decimilibit / decimili / decimil
or
1 hectomicrobitcoin / hectomicrobit / hectormicro

[vadoff]

These are all kind of bad imo. I'd rather just have microBTC (uBTC).
I've also heard the term bitcent around, and I think that sounds the best.

[Altoidnerd]

or 1000BTC = 1 Megacoin... 

lol

But that would also be ridiculous...it would be kBTC or killibitcoin...mega is 10⁶ of a quantity, or one million bitcoins.

Why can't we just use SI? These names already exist for a reason.

[Kluge]

Let's call it a facgtthunlu

[thaaanos]

Let's call it a facgtthunlu

+2 facgtthunlu

[jackjack]

Let's call it a facgtthunlu

This

[chaoticbrain]

or 1000BTC = 1 Megacoin...  

lol

But that would also be ridiculous...it would be kBTC or killibitcoin...mega is 10⁶ of a quantity, or one million bitcoins.

Why can't we just use SI? These names already exist for a reason.

Well the goal should be marketability and catchiness, not what is mathematically correct. People put a lot of research into choosing titles of books and movies for a reason, it's because the name can have importance in how much people value it. Milibit is not catchy.

[TheQuote]

Guys! And girls offcourse  
Stop making stuppid names..   There is no need for more names!  

.00000001 BTC = 1 satoshi
.0000001 BTC = 10 satoshi
.000001 BTC = 1 uBTC (Micro)
.00001 BTC = 10 uBTC
.0001 BTC = 100 uBTC
.001 BTC = 1 mBTC (Milli)
.01 BTC = 10 mBTC
.1 BTC = 100 mBTC
1 BTC = 1 BTC
10 BTC = 10 BTC
100 BTC = 100 BTC
1.000 BTC = 1 KBTC (Kilo)
10.000 BTC = 10 KBTC
100.000 BTC = 100 KBTC
1.000.000 BTC = 1 MBTC (Mega)
10.000.000 BTC = 10 MBTC

[hahahafr]

Guys! And girls offcourse  
Stop making stuppid names..   There is no need for more names!  

.00000001 BTC = 1 satoshi
.0000001 BTC = 10 satoshi
.000001 BTC = 1 uBTC (Micro)
.00001 BTC = 10 uBTC
.0001 BTC = 100 uBTC
.001 BTC = 1 mBTC (Milli)
.01 BTC = 10 mBTC
.1 BTC = 100 mBTC
1 BTC = 1 BTC
10 BTC = 10 BTC
100 BTC = 100 BTC
1.000 BTC = 1 KBTC (Kilo)
10.000 BTC = 10 KBTC
100.000 BTC = 100 KBTC
1.000.000 BTC = 1 MBTC (Mega)
10.000.000 BTC = 10 MBTC

Why should it be centered around the 1.00000000 (100000000) instead of 0.00000001 (1)?
Bitcoin is storing the value as integer anyway.

_______________________________________	_______________________________________
¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯	¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯
00000000.00000001 = 1 satoshi	(1 s or 1 sat)
00000000.00000010 = 10 satoshi	(10 s or 10 sat)
00000000.00000100 = 100 satoshi	(100 s or 100 sat)
00000000.00001000 = 1 kilo-satoshi	(1 ks or 1 ksat)
00000000.00010000 = 10 kilo-satoshi	(10 ks or 10 ksat)
00000000.00100000 = 100 kilo-satoshi	(100 ks or 100 ksat)
00000000.01000000 = 1 mega-satoshi	(1 Ms or 1 Msat)
00000000.10000000 = 10 mega-satoshi	(10 Ms or 10 Msat)
00000001.00000000 = 100 mega-satoshi	(100 Ms or 100 Msat)
00000010.00000000 = 1 giga-satoshi	(1 Gs or 1 Gsat)
00000100.00000000 = 10 giga-satoshi	(10 Gs or 10 Gsat)
00001000.00000000 = 100 giga-satoshi	(100 Gs or 100 Gsat)
00010000.00000000 = 1 terasatoshi	(1 Ts or 1 Tsat)
00100000.00000000 = 10 tera-satoshi	(10 Ts or 10 Tsat)
01000000.00000000 = 100 tera-satoshi	(100 Ts or 100 Tsat)
10000000.00000000 = 1 peta-satoshi	(1 Ps or 1 Psat)
20999999.97690000 ~ 2.1 peta-satoshi	(2.1 Ps or 2.1 Psat, it's already beautiful!)
_______________________________________	_______________________________________
¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯	¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯

So I think this is the future-proof way to go.

[kwukduck]

.00000001 BTC = 1 satoshi
.0000001 BTC = 10 satoshi
.000001 BTC = 1 uBTC (micro)
.00001 BTC = 10 uBTC
.0001 BTC = 100 uBTC
.001 BTC = 1 mBTC (milli)
.01 BTC = 10 mBTC
.1 BTC = 100 mBTC
1 BTC = 1 BTC
10 BTC = 10 BTC
100 BTC = 100 BTC
1.000 BTC = 1 kBTC (kilo)
10.000 BTC = 10 kBTC
100.000 BTC = 100 kBTC
1.000.000 BTC = 1 MBTC (mega)
10.000.000 BTC = 10 MBTC



Why make it harder than needed?

This