westkybitcoins (OP)
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January 11, 2014, 07:29:04 PM |
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And the winning name, 29.3% of the votes to the 24.8% of the runner-up:
One bit = 0.0001 BTC
The 0.1 BTC prize belongs to jakioflap for the initial proposal.
The acceptance of the name is still up in the air, of course; the final competition wasn't far behind vote-wise.
Congratulations on the win!
So 1 bit = .1 millibits ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) It's probably safe to say that those who voted for bit really don't like millibit/millibitcoin as a name.
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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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DeluxBoy
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January 11, 2014, 08:14:04 PM |
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what's wrong with scientific notation? 1 x 10 -4 btc ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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westkybitcoins (OP)
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January 11, 2014, 08:36:50 PM |
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what's wrong with scientific notation? 1 x 10 -4 btc ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) There's nothing wrong with it per se, or with using metric terms for that matter. I don't even have a strong aversion to either, myself. But how often do people or cultures apply either to their money? No one walks around talking about kilo-dollars or deci-dollars, or using scientific notation when selling either mansions or bubblegum. It's mainstream for measuring quantities... not for abstract tools like currencies. The "millibitcoin" term obviously originates from the geekier parts of Bitcoin culture, and is going to face some resistance from non-technical types (read: most people) even outside the USA. Had there already been a name (even a metric shorthand, the equivalent of "cents") for the 0.0001 BTC unit early on, no one would have ever even suggested mBTC, uBTC and the like.
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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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jbreher
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lose: unfind ... loose: untight
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January 11, 2014, 10:56:03 PM |
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No one walks around talking about kilo-dollars ...
Nonsense. 'How much is that house, Mr. Realtor?' "Two-Hundred and Fifty K" 'Quarter-Mil? Cool'. or deci-dollars
True, although 'centi-dollars' is so common that we abbreviate it to 'cents'.
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Anyone with a campaign ad in their signature -- for an organization with which they are not otherwise affiliated -- is automatically deducted credibility points.
I've been convicted of heresy. Convicted by a mere known extortionist. Read my Trust for details.
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empoweoqwj
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January 12, 2014, 02:45:50 AM |
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what's wrong with scientific notation? 1 x 10 -4 btc ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) There's nothing wrong with it per se, or with using metric terms for that matter. I don't even have a strong aversion to either, myself. But how often do people or cultures apply either to their money? No one walks around talking about kilo-dollars or deci-dollars, or using scientific notation when selling either mansions or bubblegum. It's mainstream for measuring quantities... not for abstract tools like currencies. The "millibitcoin" term obviously originates from the geekier parts of Bitcoin culture, and is going to face some resistance from non-technical types (read: most people) even outside the USA. Had there already been a name (even a metric shorthand, the equivalent of "cents") for the 0.0001 BTC unit early on, no one would have ever even suggested mBTC, uBTC and the like. I got shot down for "liking" nakamoto purely on the basis it was 4 syllables so millibitcoin fails that test as well.
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FenixRD
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January 12, 2014, 04:57:28 AM |
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Again, I must point out that in Japanese (and Chinese) cultures, numbers are grouped in chunks of 4, not 3; and they are spoken in couplets. This is why there are 21,000,000 and not something convenient for tri-grouping.
2100 0000 main units. Each main unit has 1 0000 0000 subunits, and therefore 2100 0000 0000 0000 total.
Also, decimals basically are read as "integer ten (meaning point) decimal" -- no thousandths or whatever. Just leading zeroes.
I still feel, if we must name something, I guess of those choices a Finney, easily shortened to Fin in speech, works for mBTC. I don't really like it though. A "rin" (pronounced "reen") is old Japanese for a thousandth. I could be persuaded to try that if I must. But that's a decimal short. 0.001, and we are trying to name 0.0001.
I guess I'd have to vote for Finney... Fincoins? (Sounds like Coinyes...)
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Uberlurker. Been here since the Finney transaction. Please consider this before replying; there is a good chance I've heard it before.
-Citizenfive
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cAPSLOCK
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Whimsical Pants
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January 12, 2014, 05:21:58 AM |
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I hate all those names. ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif)
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Glynn
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January 12, 2014, 06:32:14 AM Last edit: January 12, 2014, 10:05:57 AM by Glynn |
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Let one ten thousandth of a bitcoin be 1/10000 b, where the unit of "b" uses lowercase since bitcoin is not a proper name, like h for hash instead of H for Hertz. Then, 0.0001 b = 0.1 mb = 100 μb = 10 kiloSat, or say ".1 em-bee is 100 mu-bee is 10 kSa," if you like...or 10kS, i.e. 10 kSatoshi.
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empoweoqwj
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January 12, 2014, 12:06:04 PM |
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Let one ten thousandth of a bitcoin be 1/10000 b, where the unit of "b" uses lowercase since bitcoin is not a proper name, like h for hash instead of H for Hertz. Then, 0.0001 b = 0.1 mb = 100 μb = 10 kiloSat, or say ".1 em-bee is 100 mu-bee is 10 kSa," if you like...or 10kS, i.e. 10 kSatoshi.
We're trying to simplify so normal people can use bitcoin and not have to rely on units to right of decimal point. I don't think your suggestion simplifies, the opposite in fact ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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guybrushthreepwood
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January 12, 2014, 01:43:05 PM |
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what's wrong with scientific notation? 1 x 10 -4 btc ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Let one ten thousandth of a bitcoin be 1/10000 b, where the unit of "b" uses lowercase since bitcoin is not a proper name, like h for hash instead of H for Hertz. Then, 0.0001 b = 0.1 mb = 100 μb = 10 kiloSat, or say ".1 em-bee is 100 mu-bee is 10 kSa," if you like...or 10kS, i.e. 10 kSatoshi.
We're trying to simplify so normal people can use bitcoin and not have to rely on units to right of decimal point. I don't think your suggestion simplifies, the opposite in fact ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Lol, somehow I can't see these catching on ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) . You need short and sweet little names that are memorable and don't all sound the same.
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westkybitcoins (OP)
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January 12, 2014, 07:28:08 PM |
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No one walks around talking about kilo-dollars ...
Nonsense. 'How much is that house, Mr. Realtor?' "Two-Hundred and Fifty K" 'Quarter-Mil? Cool'. or deci-dollars
True, although 'centi-dollars' is so common that we abbreviate it to 'cents'. People are willing to talk "cents" and "kilos" and would likely do "decis" and "micros". It's when the prefixes stay attached to the base unit ("kilo-dollars") that people start changing it up.
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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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flynn
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January 12, 2014, 07:31:47 PM |
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0.0001 BTC = 1 square-rooted satoshi
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intentionally left blank
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FenixRD
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January 12, 2014, 07:55:43 PM |
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0.0001 BTC = 1 square-rooted satoshi
Hang the fuck on. I actually REALLY, REALLY like this. The public is fine with Satoshi, which means absolutely dick to them. It's also too long to be spoken, really, so we'll have to shorten that eventually anyhow. I nominate Satoshi-root. It's clever, it gives us geeks what WE want (with our insistence on scientific notation etc), and the public doesn't give a damn anyway. I don't even care, I'm henceforth calling it a Satoshi-root; probably just roots, or the japanese for it (kon, pronounced "cone"). If using kon, just let that be singular and plural. BTW, the KON in that Kanji is already the Chinese pronunciation, so it's a triple win.
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Uberlurker. Been here since the Finney transaction. Please consider this before replying; there is a good chance I've heard it before.
-Citizenfive
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udecker
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January 12, 2014, 11:30:50 PM Last edit: January 13, 2014, 03:20:16 AM by udecker |
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X.0 = bitcoin 0.0X = bitcent 0.00X = millibitcoin
1.0 = 1 coin 0.01 = 1 cent 0.001 = 1 bit or 1 mil
2.0 = 2 coins 0.02 = 2 cents 0.002 = 2 bits or 2 mils
2.5 = 2 and a half coins, or 2 coins, 50 cents 0.21 = 21 cents 0.021 = 21 bits or 21 mils
2.212 = 2 coins, 21 cents, 2 bits (or 2 mils)
Works for me.
(edited for math. yeah.)
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R2D221
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January 12, 2014, 11:49:25 PM |
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X.0 = bitcoin 0.0X = bitcent 0.000X = millibitcoin
But millibitcoin is 0.00X. You can't just redefine SI prefixes. You can come up with new names, if you want.
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An economy based on endless growth is unsustainable.
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udecker
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January 13, 2014, 03:21:07 AM |
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But millibitcoin is 0.00X. You can't just redefine SI prefixes. You can come up with new names, if you want. Fixed. ![Cry](https://bitcointalk.org/Smileys/default/cry.gif)
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flynn
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January 13, 2014, 06:20:05 PM |
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BTW, the KON in that Kanji is already the Chinese pronunciation, so it's a triple win.
So, 1 BITKON = 0.0001 BTC ?
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bucktotal
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January 13, 2014, 07:35:00 PM |
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in my circle of "bitcoin users who dont really get the whole bitcoin thing but are certainly tech savvy and interested", they prefer calling millibits "bits" and microbits "micros or whatever.
so for them, they have naturally gravitated to:
1= bitcoins 0.001 = millibits = bits 0.000001 = microbits = micros 0.00000001 = satoshis.
im assuming this will just stick since it seems so intuitive and easy for the people who havent thought about it much.
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the_poet
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Bitcoin accepted here
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January 13, 2014, 10:06:21 PM |
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1 bitty = 0.0001 BTC I love 'bitty', because it's catchy and memorable just like 'penny'. My 2 bitties, ops... cents! ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Under construction.
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