Name the 0.0001 BTC unit - Final Poll

[westkybitcoins]

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

It's probably safe to say that those who voted for bit really don't like millibit/millibitcoin as a name.

[DeluxBoy]

what's wrong with scientific notation?

1 x 10^-4 btc

[westkybitcoins]

what's wrong with scientific notation?

1 x 10^-4 btc

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.

[jbreher]

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'.

[empoweoqwj]

what's wrong with scientific notation?

1 x 10^-4 btc

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.

[FenixRD]

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...)

[cAPSLOCK]

I hate all those names.   

[Glynn]

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.

[empoweoqwj]

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

[guybrushthreepwood]

what's wrong with scientific notation?

1 x 10^-4 btc

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

Lol, somehow I can't see these catching on  . You need short and sweet little names that are memorable and  don't all sound the same.

[westkybitcoins]

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.

[flynn]

0.0001 BTC = 1 square-rooted satoshi

[FenixRD]

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.

[udecker]

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.)

[R2D221]

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.

[Cyberdyne]

0.1 mBTC

This one.

[udecker]

But millibitcoin is 0.00X. You can't just redefine SI prefixes. You can come up with new names, if you want.

Fixed.   

[flynn]

BTW, the KON in that Kanji is already the Chinese pronunciation, so it's a triple win.

So, 1 BITKON = 0.0001 BTC ?

[bucktotal]

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.

[the_poet]

1 bitty = 0.0001 BTC

I love 'bitty', because it's catchy and memorable just like 'penny'.

My 2 bitties, ops... cents!