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Question: Consider you are running a commercial website that needs to quote small amounts of bitcoin, how would you call 100 satoshis?
100 satoshis - 49 (44.1%)
0.000001 BTC - 4 (3.6%)
0.001 mBTC - 2 (1.8%)
1 µBTC - 16 (14.4%)
1 bit - 33 (29.7%)
Something else (Please state your ideas in this thread!!) - 7 (6.3%)
Total Voters: 111

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Author Topic: When quoting small amounts of bitcoin, how do you call 100 satoshis?  (Read 8401 times)
angeloanggam
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October 13, 2014, 12:30:25 PM
 #101

I remember seeing  somebody saying "Centoshi" or "Bitcent"
sorry forgot who you were too lazy to find it.

I really liked that

Centoshi is something like a Super Mario Character, bitcent sounds professional.

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fabiola!
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October 13, 2014, 07:04:12 PM
 #102

I remember seeing  somebody saying "Centoshi" or "Bitcent"
sorry forgot who you were too lazy to find it.

I really liked that

Centoshi is something like a Super Mario Character, bitcent sounds professional.

Yeah it does but that should be a good thing, no? Everyone loves Super Mario <3
Jimmy_Zed
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October 13, 2014, 09:33:18 PM
 #103

I remember seeing  somebody saying "Centoshi" or "Bitcent"
sorry forgot who you were too lazy to find it.

I really liked that

Centoshi is something like a Super Mario Character, bitcent sounds professional.

Yeah it does but that should be a good thing, no? Everyone loves Super Mario <3

Honestly, Bitcent sounds geeky and odd , whereas Centhoshi is a catchy fun name ,that's easy to remember - and most of the people will know what it stands for. Bitcent is just to vague.

Jimmy Zed
Ricke
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October 13, 2014, 10:06:04 PM
 #104

100 Satoshis is called 100 Satoshis

Keep it simple, Bitcoin is complex anyways, don't introduce additional complexity to confuse newbies.

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SomethingElse
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October 13, 2014, 11:42:27 PM
 #105

I use:

1 BTC: one bitcoin
0.1 BTC: ten bitcents or zero point one bitcoins
0.01 BTC: one bitcent
0.001 BTC: one millibit
0.0001 BTC: ten thousand satoshis (edit: or one pip)
0.00001 BTC: one thousand satoshis
0.000001 BTC: one hundred satoshis, one microbit or one mike
0.0000001 BTC: ten satoshis
0.00000001 BTC: one satoshi (obviously)

So I voted for "100 satoshis".

That is basically how I say it, but I think the whole scheme is absolutely terrible.  Looks like a bunch of computer geeks made it up.

NEM
Jimmy_Zed
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October 15, 2014, 01:31:35 AM
 #106

I use:

1 BTC: one bitcoin
0.1 BTC: ten bitcents or zero point one bitcoins
0.01 BTC: one bitcent
0.001 BTC: one millibit
0.0001 BTC: ten thousand satoshis (edit: or one pip)
0.00001 BTC: one thousand satoshis
0.000001 BTC: one hundred satoshis, one microbit or one mike
0.0000001 BTC: ten satoshis
0.00000001 BTC: one satoshi (obviously)

So I voted for "100 satoshis".

That is basically how I say it, but I think the whole scheme is absolutely terrible.  Looks like a bunch of computer geeks made it up.

You are right. This whole discussion is completely pointless. Call it what you want - in the end if BTC ever makes it full mainstream, then the potential nicknames will or will not be adopted by the people using it. Simple as that.

Jimmy Zed
101111
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October 15, 2014, 02:54:21 AM
 #107

I use:

1 BTC: one bitcoin
0.1 BTC: ten bitcents or zero point one bitcoins
0.01 BTC: one bitcent
0.001 BTC: one millibit
0.0001 BTC: ten thousand satoshis (edit: or one pip)
0.00001 BTC: one thousand satoshis
0.000001 BTC: one hundred satoshis, one microbit or one mike
0.0000001 BTC: ten satoshis
0.00000001 BTC: one satoshi (obviously)

So I voted for "100 satoshis".

That is basically how I say it, but I think the whole scheme is absolutely terrible.  Looks like a bunch of computer geeks made it up.

one of the reasons for 'bits'

short, sweet, simple, easy to say, easy to understand
dserrano5
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October 15, 2014, 07:01:55 AM
 #108

I use:
[…]

That is basically how I say it, but I think the whole scheme is absolutely terrible.  Looks like a bunch of computer geeks made it up.

Call it what you want - in the end if BTC ever makes it full mainstream, then the potential nicknames will or will not be adopted by the people using it.

Yeah the language will evolve by itself in a way no one is able to predict right now. That's why I said "I use", because that's all we can say. If "bits" wins over the other options then I'm not going to be the weird one who insists on using "mikes".
terman45x
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October 15, 2014, 08:47:27 AM
 #109

I'm brainstorming about it right now and I wonder how to display to the users what amount of bitcoin they'll receive.
The average payout will be smaller than 0.01$ in bitcoins.

Use the same Bitcoin-qt is showing when you have to confirm payment, BTC, mBTC and µBTC. All together
teukon
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October 15, 2014, 09:42:20 AM
 #110

I use:

1 BTC: one bitcoin
0.1 BTC: ten bitcents or zero point one bitcoins
0.01 BTC: one bitcent
0.001 BTC: one millibit
0.0001 BTC: ten thousand satoshis (edit: or one pip)
0.00001 BTC: one thousand satoshis
0.000001 BTC: one hundred satoshis, one microbit or one mike
0.0000001 BTC: ten satoshis
0.00000001 BTC: one satoshi (obviously)

So I voted for "100 satoshis".

That is basically how I say it, but I think the whole scheme is absolutely terrible.  Looks like a bunch of computer geeks made it up.

one of the reasons for 'bits'

short, sweet, simple, easy to say, easy to understand

faceplantz
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October 16, 2014, 05:38:49 AM
 #111

Satoshibit is a good name..  Roll Eyes
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October 17, 2014, 02:23:03 PM
 #112

I use:

1 BTC: one bitcoin
0.1 BTC: ten bitcents or zero point one bitcoins
0.01 BTC: one bitcent
0.001 BTC: one millibit
0.0001 BTC: ten thousand satoshis (edit: or one pip)
0.00001 BTC: one thousand satoshis
0.000001 BTC: one hundred satoshis, one microbit or one mike
0.0000001 BTC: ten satoshis
0.00000001 BTC: one satoshi (obviously)

So I voted for "100 satoshis".

That is basically how I say it, but I think the whole scheme is absolutely terrible.  Looks like a bunch of computer geeks made it up.

one of the reasons for 'bits'

short, sweet, simple, easy to say, easy to understand


but ridiculously confusing when you realize that a milibit now becomes a kbit.
It's absurd to use 'bit' to mean a bitcoin and also to mean a microbitcoin.
Not to say people  aren't absurd at times tho. lol.

I'll stick to bitcoins, millies and micros for clarity.
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October 18, 2014, 02:41:49 AM
 #113

I use:

1 BTC: one bitcoin
0.1 BTC: ten bitcents or zero point one bitcoins
0.01 BTC: one bitcent
0.001 BTC: one millibit
0.0001 BTC: ten thousand satoshis (edit: or one pip)
0.00001 BTC: one thousand satoshis
0.000001 BTC: one hundred satoshis, one microbit or one mike
0.0000001 BTC: ten satoshis
0.00000001 BTC: one satoshi (obviously)

So I voted for "100 satoshis".

That is basically how I say it, but I think the whole scheme is absolutely terrible.  Looks like a bunch of computer geeks made it up.

one of the reasons for 'bits'

short, sweet, simple, easy to say, easy to understand


but ridiculously confusing when you realize that a milibit now becomes a kbit.
It's absurd to use 'bit' to mean a bitcoin and also to mean a microbitcoin.
Not to say people  aren't absurd at times tho. lol.

I'll stick to bitcoins, millies and micros for clarity.
I'm guessing you don't genuinely find 1 btc = 1,000,000 bits 'ridiculously confusing'. But it's not really about you though is it? It's about the next billion adopters - what will be easy for them to use?

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October 18, 2014, 03:53:23 AM
 #114

I'm guessing you don't genuinely find 1 btc = 1,000,000 bits 'ridiculously confusing'.

As a matter of fact, I do. The logical meaning would be “bits” = “bitcoins”. Just an abbreviation. Using a very similar word to mean something orders of magnitude smaller is very confusing, at least for me.

An economy based on endless growth is unsustainable.
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October 18, 2014, 04:51:48 AM
 #115

Sure; let's say you're in a 'we take bitcoin' coffee shop, and they charge 700 bits for a coffee. Would get confused and think it costs 700 btc?

Think of the average consumer here, not the crypto-electro-engineer in her microcomputer lab.
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October 18, 2014, 05:18:16 AM
 #116

Sure; let's say you're in a 'we take bitcoin' coffee shop, and they charge 700 bits for a coffee. Would get confused and think it costs 700 btc?

Think of the average consumer here, not the crypto-electro-engineer in her microcomputer lab.

If someone charged me 700 bits for a coffee... I would ask them to repeat the price again.

Also, why do you think cryptoelectroengineers(?) are the only ones who can grasp the SI system?

An economy based on endless growth is unsustainable.
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October 18, 2014, 07:15:36 AM
 #117

Sure; let's say you're in a 'we take bitcoin' coffee shop, and they charge 700 bits for a coffee. Would get confused and think it costs 700 btc?
If someone charged me 700 bits for a coffee... I would ask them to repeat the price again.
Yes, in your utter confusion, I'm sure you would.

Think of the average consumer here, not the crypto-electro-engineer in her microcomputer lab.

Also, why do you think cryptoelectroengineers(?) are the only ones who can grasp the SI system?
Where do I say 'only ones'? It looks like you can't understand English either.

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October 18, 2014, 09:43:10 AM
 #118

Think of the average consumer here, not the crypto-electro-engineer in her microcomputer lab.

Why choose?  I'd prefer to think of both groups.

"mikes" is just as good as "bits" for the average consumer and it's far better for crypto-electro-engineers.
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October 18, 2014, 11:13:04 AM
 #119

My vote goes to 100 satoshis. It is easier because almost everyone understands it.
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October 18, 2014, 11:38:58 AM
 #120

Think of the average consumer here, not the crypto-electro-engineer in her microcomputer lab.

Why choose?
I'd agree, but OP is looking to make a choice for a website.
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