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Author Topic: What to call 0.001 BTC? (5 BTC Bounty)  (Read 63358 times)
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May 14, 2011, 03:52:22 PM
 #1

So now that prices have risen and transaction amounts will be smaller in numerical value for exchanges,
I feel we need to have a word for 0.001 of a Bitcoin.    Bitcent, BitNick and BitDime  work well for 0.01, 0.05 and 0.10 BTC, respectively,
but what should we call a milli-Bitcoin  ?

I've been thinking a little.   I tried saying Milli-Bitcoin really fast a few times (ok it was more than a few)
and came up with   Milbice  -- or perhaps we just call it a "Bice"

Then I thought how its nice in numismatics for money to have a cultural identity,
perhaps we should call 0.001 BTC a "Sat" or a "Nak" in honour of Satoshi Nakamoto

Then we could call a micro BTC a "Gav" (for Gavin!)  

Anyhow I need a name to use for some upcoming Bonus Programs.  

What do you think should be the name?  Bitcoin Bonus will send 5 Bitcoins to the person who is the first to submit the winning term
which will be what we end up choosing to use for our site.  We'll issue a full report of all the terms submitted and the number of votes they received.  Multiple entries permitted (each must have a different term per person), submit any term you'd feel comfortable using.

Submit your entries here


Once you've submitted your idea, I'd encourage you to announce it here and encourage others to vote for it at Bitcoin Bonus.
Wining term and winner to be announced by Sunday, May 22nd here!

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May 14, 2011, 04:02:15 PM
 #2

How about just a Bit?

EDIT: to also propose the suggestion Bbit (pronounce "bee bit") and to second the suggestion of bitbit.

And just a random suggestion, perhaps the new unit name should belong to the 0.0001 denomination (cent of a cent).  We'll go through fewer names that way, less confusion.  The most useful significant digits will all remain near the decimal point (four to the left, four to the right of it), it could be the only new name we ever need.

I am not sure that SI patterns or prefixes are the way to go.  I occasionally use SI in regular speech just to be geeky (example, I like to say 5 "kilodollars" instead of 5 "grand"), and people look at me like I'm nuts and often don't even know what I mean, even though it should be obvious.  No one seems to expect to see money measured like kilograms or millimeters.

Beyond the currently accepted "satoshi", I don't feel fond of honorary names ("gav" etc.), these seem like they could be a turnoff.

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May 14, 2011, 04:02:56 PM
 #3

singular - milli
plural - millies

1milli
10 millies
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May 14, 2011, 04:04:03 PM
 #4

I always liked btch (h == hecto)

h on the end becasue it is sub hecto, h in the front would imply a hecto of them.

1 btch == 00.001 btc
1 hbtc == 100 btc

Make sense?

kilo is next up the ladder from hecto so...

1btck == 00.0001 btc

For some reason I don't like the sound of milli bitcoin.

My $00.02


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May 14, 2011, 04:07:20 PM
 #5

And just a random suggestion, perhaps the new unit name should belong to the 0.0001 denomination (cent of a cent).  We'll go through fewer names that way, less confusion.

I am not sure that SI prefixes are the way to go.  I occasionally use SI in regular speech just to be geeky (example, I like to say 5 "kilodollars" instead of 5 "grand"), and people look at me like I'm nuts and often don't even know what I mean, even though it should be obvious.  No one seems to expect to see money to be measured like kilograms or millimeters.

Great point.  I don't think we'll know until this all shakes out in a few years.  I hope to have future contests as needed.

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May 14, 2011, 04:07:33 PM
 #6

I always liked btch (h == hecto)
Make that a "bitch" so it's easier to pronounce.

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May 14, 2011, 04:08:35 PM
 #7

Cent is from centum means hundred in latin, and mille means thousand so

1 Bitcoin = 100 Bitcents = 1000 Bitmils

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May 14, 2011, 04:16:19 PM
 #8

Millies, as a friendly form of millibitcoins.

I like it because it goes with Mikes, a friendly form of microbitcoins, and someone is sure to do a nice logo of Millie and Mike.
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May 14, 2011, 04:24:05 PM
 #9

Millies, as a friendly form of millibitcoins.

I like it because it goes with Mikes, a friendly form of microbitcoins, and someone is sure to do a nice logo of Millie and Mike.

Millies have a nice sound to it. Mikes - I'm not so sure about
I would call 1/1000th a Millibit for business (semi-official of Millibitcoin) and Millies in casual dealings
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May 14, 2011, 04:24:38 PM
 #10

Another idea to give names basing on how many times you have to divide Bitcoin by 10:

1 Bitcoin = Bitcoin
1/10/10 = 0.01 Bitcoin = Dibit
1/10/10/10 = 0.001 Bitcoin = Tribit

Use greek prefixes mono, di, tri, tetra, penta, hexa, hepta, octa, nona, deca

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May 14, 2011, 04:25:54 PM
 #11

1 satoshi = 1 credit (bitcred?)
1 BTC = 100M credits
edit: 1 bitcent = 1 megacred
.001 BTC = "100k credits, 100 kilocreds"
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May 14, 2011, 04:45:19 PM
 #12

millicoin
0.001 BTC = 1 mBTC

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May 14, 2011, 04:47:38 PM
 #13

Millies, as a friendly form of millibitcoins.

I like it because it goes with Mikes, a friendly form of microbitcoins, and someone is sure to do a nice logo of Millie and Mike.

Millie and Mike could even be friends with Bob and Alice
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May 14, 2011, 05:39:33 PM
 #14

The problem is that none of us probably have enough influence to get a unique name like 'Gav' to really catch on (unless it was especially catchy), so it would have to be immediately intuitive to anyone who saw it that you mean 0.001 Bitcoins. Using milli- is the most obvious, but milliBitcoins doesn't exactly roll off the tongue. I would recommend shortening it to something like "mCoins", and then abbreviate as mBTC until perhaps mC catches on. But, that's just my two Bitcents. Someone will probably have a better idea and we'll end up using that instead.

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https://bitcointalk.org/index.php?topic=88927.0
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May 14, 2011, 05:56:34 PM
 #15

Well we're gonna have to do this again when we get down to microbitcoins... the advantage of defining 1 satoshi = 1 credit now, is that we never have to deal with this again
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May 14, 2011, 06:21:07 PM
 #16

the advantage of defining 1 satoshi = 1 credit now, is that we never have to deal with this again

Why use the confusing term credits?  Facebook uses that term already, as do many others.  Satoshis aren't used anywhere else.

I could see that term becoming more widely used.

The equivalent to a $9.75 USD online purchase of a movie ticket would be 114.7 mSats  (megasatoshis)  (at today's  BTC/USD exchange rate of $8.50)

To send a micropayment to a blogger using YouTipIt, for instance, 3 msats (worth just about $0.25 USD)

After some more bitcoin deflation, micropayments will be priced in terms of hundreds of kSats (kilosatoshis) while more significant amounts still can use mSats.

That could work!

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May 14, 2011, 06:27:41 PM
 #17

the advantage of defining 1 satoshi = 1 credit now, is that we never have to deal with this again

Why use the confusing term credits?  Facebook uses that term already, as do many others.  Satoshis aren't used anywhere else.

I could see that term becoming more widely used.

The equivalent to a $9.75 USD online purchase of a movie ticket would be 114.7 mSats  (megasatoshis)  (at today's  BTC/USD exchange rate of $8.50)

To send a micropayment to a blogger using YouTipIt, for instance, 3 msats (worth just about $0.25 USD)

After some more bitcoin deflation, micropayments will be priced in terms of hundreds of kSats (kilosatoshis) while more significant amounts still can use mSats.

That could work!

As much as I am a fan of SI, mega, milli and micro might be a bit confusing for general public. Why not just call it - millies, mikes and satoshis?
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May 14, 2011, 06:28:03 PM
 #18

1 MilBit, 2 MilBits

In the hopes that there will never be such inflation, so that the term should rather stand for 1 Million BTC.
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May 14, 2011, 07:01:15 PM
 #19

Millie and Mike could even be friends with Bob and Alice
...and enemies of Fannie and Freddie.
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May 14, 2011, 07:12:58 PM
 #20

.001 or .0001 BTC could be empowering.

I resist a psychological argument for any changes in bitcoin. Most of the time such are proposed by elitists who wish to insult the community by suggesting that there is no self-motivation (MOJO) in the culture or the community.

A small contribution can be amplified if others feel little resistance to contributing in small amounts.

Proposal: http://forum.bitcoin.org/index.php?topic=11541.msg162881#msg162881
Inception: https://github.com/bitcoin/bitcoin/issues/296
Goal: http://forum.bitcoin.org/index.php?topic=12536.0
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May 14, 2011, 07:13:53 PM
 #21

I submitted Bit-Tot. That'll be 845 bit-tots , or 845 btt.

In case you don't like the hyphen, I also submitted bitbit. 845 bb.


They both have the advantage of sounding like toddler food or baby dinosaurs. Which implies that real men only play with real btc (jk).

edit: now I have decided the tidbit is my main entry.

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May 14, 2011, 07:26:31 PM
 #22

point zero zero one bee tee see

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May 14, 2011, 07:35:54 PM
 #23

0.001 BTC = 1 mBTC


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May 14, 2011, 08:03:40 PM
 #24

Millies, as a friendly form of millibitcoins.

I like it because it goes with Mikes, a friendly form of microbitcoins, and someone is sure to do a nice logo of Millie and Mike.

+.001

Smiley

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May 14, 2011, 08:24:25 PM
 #25

Quote
Millies, as a friendly form of millibitcoins.

I like it because it goes with Mikes, a friendly form of microbitcoins, and someone is sure to do a nice logo of Millie and Mike.

Why not let a thousandth of a Bitcoin be one Mill? Then 'Millies' can be the informal form.
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May 14, 2011, 08:31:39 PM
 #26

Quote
Bitcoin Bonus will send 5 Bitcoins to the person who is the first to submit the winning term
which will be what we end up choosing to use for our site.

How about you first pay out the bonus you owe me that's been in "payment pending" for about four weeks now on your site.   Tongue


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May 14, 2011, 08:33:52 PM
 #27

Quote
Bitcoin Bonus will send 5 Bitcoins to the person who is the first to submit the winning term
which will be what we end up choosing to use for our site.

How about you first pay out the bonus you owe me that's been in "payment pending" for about four weeks now on your site.   Tongue



Did you claim it?

Proposal: http://forum.bitcoin.org/index.php?topic=11541.msg162881#msg162881
Inception: https://github.com/bitcoin/bitcoin/issues/296
Goal: http://forum.bitcoin.org/index.php?topic=12536.0
Means: Code, donations, and brutal criticism. I've got a thick skin. 1Gc3xCHAzwvTDnyMW3evBBr5qNRDN3DRpq
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May 14, 2011, 08:35:10 PM
 #28

As much as I am a fan of SI, mega, milli and micro might be a bit confusing for general public.

s/general/general US/

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May 14, 2011, 08:41:18 PM
 #29

I think creating names for 0.001, 0.00001, etc. is silly.
Just use two different units BTC and something like satoshi/bitcoinunits/bitcreds/credits representing 0.00000001 BTC.
The problem with milli/micro/nano is that when you get a bitcoin amount like 0.00245678, what random btc name do you use..?

Also it's a LOT easier to tell the size of something when it's larger because of commas and no leading zeros:
eg 34,400 BCU vs 0.00034400 BTC
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May 14, 2011, 09:15:57 PM
 #30

I think creating names for 0.001, 0.00001, etc. is silly.
Just use two different units BTC and something like satoshi/bitcoinunits/bitcreds/credits representing 0.00000001 BTC.
The problem with milli/micro/nano is that when you get a bitcoin amount like 0.00245678, what random btc name do you use..?

Also it's a LOT easier to tell the size of something when it's larger because of commas and no leading zeros:
eg 34,400 BCU vs 0.00034400 BTC

That would be 2 millies, 456 mikes and 78 satoshis
or
245678 satoshis
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May 14, 2011, 09:24:36 PM
 #31

That would be 2 millies, 456 mikes and 78 satoshis
or
245678 satoshis

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Proposal: http://forum.bitcoin.org/index.php?topic=11541.msg162881#msg162881
Inception: https://github.com/bitcoin/bitcoin/issues/296
Goal: http://forum.bitcoin.org/index.php?topic=12536.0
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May 14, 2011, 09:28:37 PM
 #32

I think that the best way to give .001 bitcoins a name is to call it a bitmill.  People say abbreviate bitcoin as BTC, so similarly, a bitmill will be abbreviated as BTM.

One dime could be .1 BTC
but .09 bitcoins could be called 90 BTM or .09 BTC.

In a summery, people should name things as bitcoins or bitmills, no bitcents (since BTC could stand for bitcoin or bitcent).  Bitmills could be abbreviated as BTM.

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May 14, 2011, 09:41:34 PM
 #33

I propose "Wei" (pronounced "we" or "way") to acknowledge the true inventor of bitcoin, the mysterious and low-key Dr. Wei Dai.

"There are thousand ways in bitcoin"

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May 14, 2011, 09:58:21 PM
 #34

Another idea to give names basing on how many times you have to divide Bitcoin by 10:

1 Bitcoin = Bitcoin
1/10/10 = 0.01 Bitcoin = Dibit
1/10/10/10 = 0.001 Bitcoin = Tribit

Use greek prefixes mono, di, tri, tetra, penta, hexa, hepta, octa, nona, deca

I really like this one - it follows a set pattern and is easily memorable. Additionally, it means we won't have this debate every time a decimal point moves... Definitely my vote!
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May 14, 2011, 10:36:50 PM
 #35

Millie for .001 is the winner, imo.

May I propose 'milray' for .0001?

Quote
Mark Twain introduced a fictional elaboration of the mill in A Connecticut Yankee in King Arthur's Court. When Hank Morgan, the American time traveler, introduces decimal currency to Arthurian Britain, he has it denominated in cents, mills, and "milrays", or tenths of a mill (the name perhaps suggested by "myriad", meaning ten thousand or by the Portuguese and Brazilian milreis).

http://en.wikipedia.org/wiki/Mill_%28currency%29#Fiction

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May 14, 2011, 10:41:04 PM
 #36

Another idea to give names basing on how many times you have to divide Bitcoin by 10:

1 Bitcoin = Bitcoin
1/10/10 = 0.01 Bitcoin = Dibit
1/10/10/10 = 0.001 Bitcoin = Tribit

Use greek prefixes mono, di, tri, tetra, penta, hexa, hepta, octa, nona, deca

by far the best discussion. it has something the other suggestions lack:
- it scales
- it sets the matter down to the smallest unit, once and for all
- it is logical, a very important prequesite for the units that will be the most common ones once btc is widespread

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May 15, 2011, 01:39:29 AM
 #37

That would be 2 millies, 456 mikes and 78 satoshis
or
245678 satoshis

A party at the Playboy mansion?
Cheesy Cheesy


Another idea to give names basing on how many times you have to divide Bitcoin by 10:

1 Bitcoin = Bitcoin
1/10/10 = 0.01 Bitcoin = Dibit
1/10/10/10 = 0.001 Bitcoin = Tribit

Use greek prefixes mono, di, tri, tetra, penta, hexa, hepta, octa, nona, deca

by far the best discussion. it has something the other suggestions lack:
- it scales
- it sets the matter down to the smallest unit, once and for all
- it is logical, a very important prequesite for the units that will be the most common ones once btc is widespread

But bitcoins are only divisible upto 10^-8, so why not just use the atomic state of bitcoins to discuss bitcoins in small quantaties as it is a unit that can even be fairly easily be used to describe larger quantaties.
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May 15, 2011, 01:57:58 AM
 #38

I like "mills" or "millies".

The new default transaction fee is 5 mills per kilobyte, by the way.

How often do you get the chance to work on a potentially world-changing project?
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May 15, 2011, 02:03:16 AM
 #39


by far the best discussion. it has something the other suggestions lack:
- it scales
- it sets the matter down to the smallest unit, once and for all
- it is logical, a very important prequesite for the units that will be the most common ones once btc is widespread

It teaches people how to count in Latin.

of course it fails at deca since thats 10 BTC not .howmanythefuzzthat'ssposedtobe

then again doesn't bitcoin stop at 8 places?

Anyways

Mine is the Do bit
Ahem

Do bit do bit
Da ba da ba di bit
Di ba da ba do bit
Da bi do bit do bit

Do bit do bit
Da ba da ba di bit
Di ba da ba do bit
Da bi do bit do bit

Duh bit da bit di bit da ba
Duh bit da bit dididi da bit

Duh ba do bit di bit do ba
Duh ba do bit dididi do bit

Do bit do bit
Da ba da ba di bit
Di ba da ba do bit
Da bi do bit do bit

Do bit do bit
Da ba da ba di bit
Di ba da ba do bit
Da bi do bit do bit

Duh bit da bit di bit da ba
Duh bit da bit dididi dididi

Dididi do bit dididi dididi
Dididi do bit dididi dididi

Di didi dididi didi didi di di di dibada dibada dibada di di bada dibada dididi diba dibadada dibadada di di diba daba dida di di dibada diba dada do bit

So um. Sinatra vs Latin lessons. Tough choice. Smiley

Proposal: http://forum.bitcoin.org/index.php?topic=11541.msg162881#msg162881
Inception: https://github.com/bitcoin/bitcoin/issues/296
Goal: http://forum.bitcoin.org/index.php?topic=12536.0
Means: Code, donations, and brutal criticism. I've got a thick skin. 1Gc3xCHAzwvTDnyMW3evBBr5qNRDN3DRpq
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May 15, 2011, 02:25:01 AM
 #40

Another idea to give names basing on how many times you have to divide Bitcoin by 10:

1 Bitcoin = Bitcoin
1/10/10 = 0.01 Bitcoin = Dibit
1/10/10/10 = 0.001 Bitcoin = Tribit

Use greek prefixes mono, di, tri, tetra, penta, hexa, hepta, octa, nona, deca

by far the best discussion. it has something the other suggestions lack:
- it scales
- it sets the matter down to the smallest unit, once and for all
- it is logical, a very important prequesite for the units that will be the most common ones once btc is widespread

But bitcoins are only divisible upto 10^-8, so why not just use the atomic state of bitcoins to discuss bitcoins in small quantaties as it is a unit that can even be fairly easily be used to describe larger quantaties.

This is a better suggestion, further, nobody wants to change what they are talking about every 10x.  We're all used to changing every three 0's (eg, one thousand - 1,000, one million 1,000,000).

I would take the OP's logic and build from the base like you.

1 bit
100 dibit
1,000 tribit
1,000,000 hexabit
1,000,000,000 nonabit

This also loses the decimal completely, not sure why it's even used.
casascius
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May 15, 2011, 03:31:51 AM
 #41

I had one more random idea: CUBE.

Acronym for Convenient Unit of Bitcoin Exchange, but just written cube.

Just think of the Bitcoin logo on a golden cube.  Think of a stack or pile of such cubes, sized like dice. Lots of image possibilities and it doesn't sound weird. Also connotes a small tangible object just like a coin.  A currency symbol (sort of like dollar's ˘) could be based upon a superscripted 3 with a vertical line. It might be called a cube or bitcube interchangeably.

If this gets liked and gets any traction I would strongly propose it refer to 0.0001 BTC not 0.001 BTC or we will be starting a trend of needing names for all 8 decimal places, messy as pre-decimalisation GBP.  I would rather see it be one name at 4th decimal place so we may never need another name.

Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable.  I never believe them.  If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins.  I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion.  Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice.  Don't keep coins online. Use paper or hardware wallets instead.
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May 15, 2011, 04:10:15 AM
 #42

man my song is at the bottom of the previous page lol

do bit - what will you do in the world with a tiny bit of influence?

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May 15, 2011, 05:01:59 AM
 #43

In many fiat currencies, a particular denomination of note displays a particular important figure, with the lower the value (and therefore the most commonly used note) is the most important person.  Of course, these people are usually already dead, and as far as we know all of the important persons surrounding Bitcoin are not.  But since Satoshi is IMHO the most important person, and Gavin is very close these days; .000001 bitcoin should be a Satoshi and .001 should be a Gavin.  There should not be a name for a bitcoin denomination beyond the sixth decimal place.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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May 15, 2011, 06:49:44 AM
 #44

I always liked btch (h == hecto)

1 btch == 00.001 btc

I suppose most of us will pronounce it as
one bitch

So, Warren, wannt You say "I always liked btchs"?
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May 15, 2011, 07:09:12 AM
 #45

Someone mentioned this in the tweettip thread:

1 mBTC = 1 internet
1 BTC = 1000 internets
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May 15, 2011, 07:17:37 AM
 #46

Came up with another one. The tidbit (aka tBC aka tidbitcoin).

You can thank me later  Cool

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May 15, 2011, 07:44:21 AM
 #47

I kind of like the idea of "mick" with no 's' as in:

"Hey, can you loan me 50 mick?"
"Apples are on for mick and half at the grocer."
"Hey, you still owe me a mick for the last time you bet me BitCoin wouldn't double again."

'Mick' being of course short for "millicoin" which in formal settings is much less of a mouthful than "millibitcoin".  It would have an easy and natural abbreviation (mC) and would also provide a standard format for future extension ("nick" for nanocoin "pick" for picocoin etc.).  Plus, it's fun to use!  200 mick says this option is the one that gets chosen.


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May 15, 2011, 08:13:52 AM
 #48


1 satoshi  =  1e-9 BTC (since it/he doesn't really exist)

0.001 BTC = 1e-3 BTC  = = 1 millibitcoin  =  1 million satoshi  = 1 mill


I propose "1 mill"


we can have two camps one going to the left of the decimal, the other to the right and things can be thoroughly confused (and conflict with abbreviated millilitres and milligrams) but they will both agree on the mill.


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May 15, 2011, 09:03:19 AM
 #49

I suggest to trivially adopt a name of an existing small coin, which rates 1/1000 to its base currency unit.

1 ฿ =
=1000 bitfils (  one bitfils=1btf    http://en.wikipedia.org/wiki/Fils_%28currency%29)
=1000 bitmillims (one bitmillim =1mbtc=1btm        http://fr.wikipedia.org/wiki/Millime)

=109satoshi (1shi)

I'm absolutely agree that 'satoshi' is a fine name for the least part of btc.
 

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May 15, 2011, 12:01:33 PM
 #50

I don't know bout y'all, but I'm going to start using the Dibit, Tribit, etc. nomenclature...
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May 15, 2011, 12:47:01 PM
 #51

mBTC - mills ftw! A single syllable and easy to understand.
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May 15, 2011, 01:34:29 PM
 #52

How about Lilbit?  :-)

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May 15, 2011, 01:37:52 PM
 #53

A lillbit of this a lillbit of that? Baby I just need a lillbit  Grin
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damn 50 cent is satoshi!!!!
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May 15, 2011, 01:47:55 PM
 #54

I've tried to submit it a couple times but I got the following error:


(Object)
Array
(
    [nid] => 4897
    [type] => bonus
    [language] => en
    [uid] => 1
    [status] => 1
    [created] => 1305386070
    [changed] => 1305389400
    [comment] => 0
    [promote] => 0
    [moderate] => 0
    [sticky] => 0
    [tnid] => 0
    [translate] => 0
    [vid] => 5194
    [revision_uid] => 1
    [title] => What should the name of 0.001 BTC Be?  Submit your entry here!
    [body] =>

   



   So now that prices have risen and transaction amounts will be smaller in numerical value for exchanges, I need to have a word for 0.001 of a Bitcoin and I know everyone else does too.   Bitcent, BitNick and BitDime work well for 0.01, 0.05 and 0.10 BTC, respectively, but what should we call a milli-Bitcoin  ?

   

   I need a name to use for some upcoming Bonus Programs.

   
…  A few pages more of code which I decided not to copy…  I figured this was sufficient.

What should I do? To check your database, I'm using this ID.

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May 15, 2011, 02:02:47 PM
 #55

@mewantsbitcoins:

:-) awesome.  I was thinking more along the lines of Aretha Franklin but this will do.

BTC = RESPECT

Give me some of that BTC, find out what it means to me.

http://www.youtube.com/watch?v=z0XAI-PFQcA

As for 50 cent being Satoshi, I don't think that 50 cent knows how to spell "Satoshi."

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May 15, 2011, 02:51:15 PM
 #56

A coinbit Smiley

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May 15, 2011, 03:18:34 PM
 #57

I like using the slang of "millies" and "mikes" for the more formal "millibits" and "microbits", respectively.

These names are very easy to remember, for those of us that understand that 1 milli = 1e-3 and 1 micro = 1e-6.  Certainly almost everyone on this forum is going to intuitively grok that nomenclature.  It also gives me the mental picture of a bill with a face printed on it, in the same way that the term "Benjamin" refers to a $100 bill.

[Edited]Also, it appears that we already have general consensus that 0.00000001 BTC = 1 satoshi.
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May 15, 2011, 03:23:20 PM
 #58

http://gobarbra.com/hit/new-e3911045c62c35ace3732c5dc91fff6f
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May 15, 2011, 06:01:11 PM
 #59

+1 to mBTC

Let's not complicate things too much...

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May 16, 2011, 04:24:05 AM
 #60

mBTC is fine for .001btc for the moment, trades on exchanges should probably remain denominated in BTC for the near and medium terms.

Reasons "credit" is better than "satoshi":
-It's only two syllables and scales well with SI prefixes (kilocred, megacred [.01btc], gigacred [10btc], etc)
-Universally accepted in sci-fi culture as 'money of the future'
-The name itself implies value
-It's two syllables
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May 16, 2011, 04:35:10 AM
 #61


while we are juxtaposing any manner of syllables ...

.... how about "bitcred" or "credbit"  ??

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May 16, 2011, 05:05:49 AM
 #62

I don't like "credit". Bitcoin is not based on credits. Bitcoin by design promotes savings over credits. "Credit" sounds like world government fiat inflating money not voluntary "anarchistic" P2P currency.

I find "it's described as 'money of the future'" argument ridiculous. Sci-fi literature with "credits" usually describes future that I wouldn't want to live in (all powerful worldwide/space government and corporations). The fact that it's universally accepted in sci-fi culture almost looks like some Keynesian conspiracy Wink I vote NO to any "credit" connection.

If I would have to use something "futuristic" Crypto would be better in my opinion. But I think Satoshi is good name.


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May 16, 2011, 05:43:45 AM
 #63


crypts

cryptobit

cryptbit

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May 16, 2011, 08:17:36 AM
 #64

It would be downright foolish not to just use SI units. People can cope.
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May 16, 2011, 09:08:34 AM
 #65

I agree with the abbreviation mbtc, the formal conventional form, millibits, in formal long form, millibitcoins, and in slang, mills or millis,
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May 16, 2011, 12:27:20 PM
 #66

Another idea to give names basing on how many times you have to divide Bitcoin by 10:

1 Bitcoin = Bitcoin
1/10/10 = 0.01 Bitcoin = Dibit
1/10/10/10 = 0.001 Bitcoin = Tribit

Use greek prefixes mono, di, tri, tetra, penta, hexa, hepta, octa, nona, deca

Use greek prefixes mono, di, tri, tetra, penta, hexa, hepta, octa, nona, deca

I like this.
I also like the idea prefixing the amount with the number of leading zeros so there is no doubt:
.0001 = 3฿1
.0000023 = 5฿23
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May 16, 2011, 08:37:51 PM
 #67

millicoin
0.001 BTC = 1 mBTC

From page 1 +1
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May 16, 2011, 09:54:43 PM
 #68

I vote for "BITMILL"
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May 16, 2011, 09:56:07 PM
 #69

I vote for "BITMILL" too

Easy to remember, difficult to get confused in common speech or in text.  I like it.

+1

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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May 17, 2011, 01:39:39 AM
 #70

I like:
Littlebit
Itsy Bit
Teeny Bit
Smidgen

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May 17, 2011, 01:54:00 AM
 #71

I vote for "BITMILL" too

Easy to remember, difficult to get confused in common speech or in text.  I like it.

+1

Despite my stated non-preference of SI for this, I actually like this too.

We already call 0.01 BTC a "bitcent".

Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable.  I never believe them.  If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins.  I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion.  Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice.  Don't keep coins online. Use paper or hardware wallets instead.
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May 17, 2011, 02:08:02 AM
 #72

For the smallest unit (.00000001) how about "bitbyte"? 

I also really like the "dibit" and "tribit"... very smooth to say if you assume a soft "I" sound in the first syllable.
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May 17, 2011, 02:11:10 AM
 #73

bitcoin = +1
bitcent = 0.99
bit = 0.0099
Tongue just bit.. who needs more than that? its just a bit!

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May 17, 2011, 02:23:29 AM
 #74

. . . someone is sure to do a nice logo of Millie and Mike.

Rule 34 has just been invoked.

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May 17, 2011, 02:24:12 AM
 #75

For the smallest unit (.00000001) how about "bitbyte"? 

I also really like the "dibit" and "tribit"... very smooth to say if you assume a soft "I" sound in the first syllable.

We call that, the satoshi.

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May 17, 2011, 02:25:27 AM
 #76

Millie and Mike could even be friends with Bob and Alice
...and enemies of Fannie and Freddie.

Haha, nice.

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May 17, 2011, 02:56:58 AM
 #77

Not sure if this has been mentioned, but a millcoin makes the most sense to me.  1 mill = 1/10th of a cent.

mBitcoin is also another good one.
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May 17, 2011, 03:07:51 AM
 #78

generally coinage is counted in double digit or tripple digit groups..
99 cents, 50grand, so forth..
milli is essentially a penni-dime or .0010 its a sensical way to do it mathmatically, but in currency, you want .00,00,00 or .000,000
I think this is more the fundamental thing we need to think about.

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May 17, 2011, 05:05:05 AM
 #79

It would be downright foolish not to just use SI units. People can cope.

I agree with you, which is actually why I'm so vociferous about this. I kinda wish one "bitcoin" was defined as 10e9 satoshis, since it would have made 1 satoshi = 1 nanobitcoin.

Currently, 1 BTC = 1000 mBTC, 1mBTC = 1000 uBTC, 1uBTC = 100 satoshi/credits.

The SI prefixes working upwards, e.g. 'kCredits' and the SI prefixes working down, e.g. 'mBTC', are incompatible as they're off by one decimal place. mBTC is a sensible denotation and I intend to use it for now, but in the medium/long term we will be dealing with much smaller units, and we'll have to argue about this again.  Let's say a cheeseburger costs 0.0002 bitcoins. Maybe that price will be written as "0.0002 BTC" or ".2 mBTC" or "200 uBTC", but I think it's more likely to be "20 kilocreds".*

*for several reasons - one, it's a true unit of account. two, lots of people don't understand decimal points. three, merchants will prefer non-decimal denotations of prices. four, again, it's fewer syllables, which imo is really important.  
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May 17, 2011, 07:34:11 AM
 #80

Hopefully 1 dollar.

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May 18, 2011, 12:17:55 PM
 #81

"BitLit" is a good name too!  Roll Eyes
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May 18, 2011, 12:32:34 PM
 #82

SmallBit or MilliBit?
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May 18, 2011, 01:37:28 PM
 #83

How about just sticking with BTC (and whatever symbol we finally agree on eventually) and using scientific notation? 1E-3BTC for 0.001, 1E-8BTC for one Satoshi etc

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May 18, 2011, 02:00:45 PM
 #84

1E-3BTC for 0.001, 1E-8BTC for one Satoshi etc
You guys crack me up. It's pretty-much a law of disruptive technologies that they fail if they try to do too many things at once.

If you want the public to use a new money system, you can't also expect them to use an unfamiliar system of numbers. That would restrict the target users to the intersection of those who are interested in new money systems, and those who are interested in unfamiliar numbering systems.

The fact that the general public doesn't use scientific notation anywhere else, suggests that they won't want a money system that adopts it.

So, if you want BTC to succeed, scientific notation is out. Tonal notation is out. Greek suffixes are out. The SI (metric) prefixes (milli, micro etc) I think are OK. They are already familiar to most of the world's population, and even the 'Merkins will get the hang of them eventually.
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May 18, 2011, 02:03:11 PM
 #85

SmallBit...

and Microsoft too ... as the actress said to the Bishop! Smiley
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May 18, 2011, 02:12:41 PM
 #86

millicoin
0.001 BTC = 1 mBTC
+1

  • Teracoin (just kidding, there aren't so many)
  • Megacoin
  • Kilocoin
  • Bitcoin
  • millicoin
  • microcoin
  • nanocoin
Keep it systematic!
Although calling the smallest unit a Satoshi would be great too.

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May 18, 2011, 02:25:45 PM
 #87

How about just sticking with BTC (and whatever symbol we finally agree on eventually) and using scientific notation? 1E-3BTC for 0.001, 1E-8BTC for one Satoshi etc

What ribuck said following your post. Also: WAY too many syllables. We're discussion shorthand here. One E minus three B T C is NOT shorthand.

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May 18, 2011, 03:52:30 PM
 #88

I would just call them credits.
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May 18, 2011, 04:00:10 PM
 #89

I think that this discussion is not very relevant, because general public will decide which option is the best anyway because of Network Effects.

After one option is selected by the most of people, there will be no stopping it.

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May 18, 2011, 04:16:07 PM
 #90

I would just call them credits.

With a strong sense of irony, I hope, since they are designed to be the economic opposite of "credits".

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May 18, 2011, 09:39:02 PM
 #91

How about:
1 = bit
0.01 = 10^-2 = nit
10^-4 = mit
10^-6 = dit
10^-8 = pit

or substitute for your favorite 1st letters.

Actually, maybe nit and mit might sound too similar, e.g. over the phone, "WHAT, you're selling your car for 99 nits?Huh That's a hundred times more than I expected,... ahh, mits, mits, now I understand. Haha, I thought you said nits, haha."

A car for 99 mits... hmm, that'd be about $200,000 per bit, depending on your definition of car.  Guess it'll take a while to get that high, though if it went up a factor of 10 every month, like last month, then we've only to wait until 2012 at the latest.
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May 18, 2011, 10:55:39 PM
 #92


How much for tit?

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May 18, 2011, 11:46:48 PM
 #93

BITcoin
BITcent
...
BITlit

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May 18, 2011, 11:52:25 PM
 #94

bitlet

or nitcoin

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May 19, 2011, 02:51:16 AM
 #95

Either bitcent, bitmill etc.. or millicoin, microcoin, nanocoin etc..

I think that using prefixes is more practical than suffixes, but suffixes are more traditional so both systems have advantages.
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May 20, 2011, 11:10:45 PM
 #96

With money people aren't used to the fractional SI prefixes, just writing the letter in small caps might not be enough to avoid confusion...

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May 21, 2011, 04:23:59 AM
 #97

Bytecent  Cheesy
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May 21, 2011, 04:24:12 AM
 #98

millibit
millicoin
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May 21, 2011, 07:30:32 AM
 #99

Since the value of Bitcoins most likely will raise drastically I'd recommend using the smallest unit in the currency as basis.

Like for example the Japanese Yen does.

Price Numbers seem to be rather high compared to other currencies, but as seen by example it works.


so 1E-8 BTC = 1 Bitcoin
or 0.0000001

The only problem would be to bridge the gap aslong as BitCoins aren't as valuable.
There you can throw in filler units:

Like 1 BitCoinCluster for the current 1 BTC setup instead of 10 million BitCoins
and another unit for the transition between the two:

demi- or di- (Bit)Coin - ( demi = half ) which deals with 1E-4 or 0.0001 of the BitCoinClusters or 1000 BitCoins
160 di(Bit)Coins would approximate to about 10 cents/0.10$ at the moment.


1 BitCoinCluster = 10000 diCoins/demiBitCoins
1 diCoin = 1000 BitCoins
1 BitCoin = 0.0000001 BitCoinCluster


10.000.000 BitCoins = 1 BitCoinCluster
500.000.000 BitCoins = 50 BitCoinClusters ( upon each successful solve )

The prefixes could be:

BitCoinCluster -> either remain 'BTC' ( so the market dimension doesn't necesserily need to change ( like when 1 BTC suddenly is only 1E-8 of the previous BTC )) or 'BCC' for better fit
BitCoins -> depending on the Clusters either 'BTC' or just 'BC'

'BC' would be a gimmick since it is usually used as "Before Christ" and BC(BitCoins) are before BTC(BitCoinClusters) so it would make 'BTC' the initial coin into "Christ" and rendering the creator of these namely "Satoshi Nakamoto" into "our Savior".  Grin


also instead of solid prefixes something like:

C-Coin(Cluster-Coin)
D-Coin(Demi-Coin)
B-Coin(Bit-Coin)


could be used.

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May 21, 2011, 09:13:49 AM
 #100

SI units will win in the end.

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May 21, 2011, 09:14:23 AM
 #101

Mibit, short and sweet!

Well, while we are at it, let's reserve µbit (myu-bit) for millionth part of a bitcoin,
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May 21, 2011, 09:42:41 AM
 #102

Here are submissions so far, in roughly reverse alphabetical order:

zibit

ubitcoin

TriBit (2)

Tiny-Bit

tidbit

tBit - pronounced tee-Bit; t as in one thousandth of a BitCoin

nibit

Nibble

nanocoin

Milth

millie(s)

millicoin,milicoin (9)

millicent

milliBitty

Millibitcoin

millibit,milibit (15)

Millebit

millcoin

MillBit

MiliBit

miliBC

milbtc

MilBits

mil

Microcoin

mic

mBTC og 1000-parts

mBitcoin

m1, 2m etc.

Little Penny Bitcoin

Litbit

LilBit  (2)

Kris

groat

farthing

do bit - at this small size it's no longer a question of value but principles - what will you do in the world with a tiny little influence?

credit

Bity

BittyCoin

BittyCent

bitty bitlet (then 0.01 is a bitlet, then 0.01 is a bit, then 1.0 is a bitcoin)

Bitty (plural form: Bitties)

bitty

Bitping

bitney

bitmillit

BitMillen

10 satoshi's

BitMill, Bitmil - (10)

Bitmi

bitly

Bitlet, bitlit (4)

bithun

Bithou

BitDots

Bitcoin atom

Bitchit

bitcent (2)

BitByte  (2)

bitbit (3)

Bitbat

Bit-Tot

Bit-Mini

bit-hundredth

bit

BB

bantam bit

BajtCent

Amir

bitpence

bitk, pronounced bit-kay. Simple, short, and 1000 bitk would be one bitcoin.

bitillion

I'd encourage people to look over all of these and continue the discussion about what is the most useful name.  Spelling isn't so relevant for now, its the phonetic sound I'm curious about, I've doubled up those suggestions that have the same sound.

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May 21, 2011, 10:15:01 AM
 #103


Mine is the Do bit
Ahem


AntiVigilate suggested:
"do bit - at this small size it's no longer a question of value but principles - what will you do in the world with a tiny little influence?"

I really like this suggestion, it indicates and celebrates the fact that the Bitcoin community is an open source community that relies on the contributions and efforts of its members. Its in many ways a "Do-ocracy".

One of the more recent criticisms of Bitcoin is that it is a scam that only benefits only the miners and initial users.   This will turn out to be the case if the community of people using Bitcoin don't continue "Doing" thing --writing shopping cart software, making web applications that allow for transacting, trading, managing, and using Bitcoin, preferably in an open source manner.  Other ways to contribute include advertising Bitcoin, learning about it and explaining it to others,  working to defend Bitcoin's legality, making it easy to generate tax records as needed for the use of Bitcoin,  and keeping Bitcoin's image and value as something that is useful for a wide range of transactions strong.     I'm not too worried about finding a few people who will use Bitcoin, but I am concerned that there could be a general consensus by many people that Bitcoin is a "Bad Thing" and shouldn't be used at all.

I think its important for people to remember that with using Bitcoin comes a responsibility for sharing the effort of building out many legitimate uses for Bitcoin and allow it  'To give us control over our finances by establishing a stable, secure, global, "democratic" currency.' to quote Gavin.  This won't happen without a lot of "do"-ing by many people who want to be Bitcoin succeed.  To that end, I think that to name 0.001 of a Bitcoin a "Do Bit" and even publicize it as to why we (might) choose this name, to serve as a reminder of service for the collective good, as seen by the many individuals in this Open Source project would mean a lot and look good for this effort.

People are naturally going to ask for a long time where whatever the name for 0.001 Bitcent ends up coming from. While we could just use a name based on existing scientific naming conventions, if we take an opportunity to add more cultural value to the name, we can make the social aspects of Bitcoins stronger.

I know that I'm being over optimistic that we here in this forum might actually be able to come up with it - Thanks for the point about the Network Effect, ShadowOfHarbringer.  But if we had a chance to set it, and have the back story about why many people started calling 0.001 bitcoins "Do Bits", that is, to encourage users to "Do things of value to the community of Bitcoin users, based on principles of OSS & Do-Ocracy", I think we'll be able to put off most of those who see Bitcoin as a scam.  I don't want people to "Do" blindly, or just because they'll get a good investment out of Bitcoin, I want them to "Do" because they see the value of an open source based financial system and the gifts of transparency, ease of transaction and more that it offers.

Perhaps there is another name which does an even better job of summing up the culture and values of the Bitcoin community other than Do Bit (DoBit)--I'd like to hear about it. 

Sorry if my idealism is uncomfortable, I'd be interested to hear what others think.  Thanks for the great suggestion, Anti Vigilante!   



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May 21, 2011, 10:25:02 AM
 #104

I vote for "mil".

It's short and sweet.  It's technically correct.  It's ambiguous enough that Americans won't immediately think of it as having very little value.

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May 21, 2011, 12:36:50 PM
 #105

Maybe "Bick" to remind "Buck"?
But on second thoughts, it sounds a bit like "dick".

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May 21, 2011, 05:48:42 PM
 #106

I can't say "bitbat" with a straight face.

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May 21, 2011, 06:27:34 PM
 #107


Mine is the Do bit
Ahem


AntiVigilate suggested:
"do bit - at this small size it's no longer a question of value but principles - what will you do in the world with a tiny little influence?"

I really like this suggestion, it indicates and celebrates the fact that the Bitcoin community is an open source community that relies on the contributions and efforts of its members. Its in many ways a "Do-ocracy".

One of the more recent criticisms of Bitcoin is that it is a scam that only benefits only the miners and initial users.   This will turn out to be the case if the community of people using Bitcoin don't continue "Doing" thing --writing shopping cart software, making web applications that allow for transacting, trading, managing, and using Bitcoin, preferably in an open source manner.  Other ways to contribute include advertising Bitcoin, learning about it and explaining it to others,  working to defend Bitcoin's legality, making it easy to generate tax records as needed for the use of Bitcoin,  and keeping Bitcoin's image and value as something that is useful for a wide range of transactions strong.     I'm not too worried about finding a few people who will use Bitcoin, but I am concerned that there could be a general consensus by many people that Bitcoin is a "Bad Thing" and shouldn't be used at all.

I think its important for people to remember that with using Bitcoin comes a responsibility for sharing the effort of building out many legitimate uses for Bitcoin and allow it  'To give us control over our finances by establishing a stable, secure, global, "democratic" currency.' to quote Gavin.  This won't happen without a lot of "do"-ing by many people who want to be Bitcoin succeed.  To that end, I think that to name 0.001 of a Bitcoin a "Do Bit" and even publicize it as to why we (might) choose this name, to serve as a reminder of service for the collective good, as seen by the many individuals in this Open Source project would mean a lot and look good for this effort.

People are naturally going to ask for a long time where whatever the name for 0.001 Bitcent ends up coming from. While we could just use a name based on existing scientific naming conventions, if we take an opportunity to add more cultural value to the name, we can make the social aspects of Bitcoins stronger.

I know that I'm being over optimistic that we here in this forum might actually be able to come up with it - Thanks for the point about the Network Effect, ShadowOfHarbringer.  But if we had a chance to set it, and have the back story about why many people started calling 0.001 bitcoins "Do Bits", that is, to encourage users to "Do things of value to the community of Bitcoin users, based on principles of OSS & Do-Ocracy", I think we'll be able to put off most of those who see Bitcoin as a scam.  I don't want people to "Do" blindly, or just because they'll get a good investment out of Bitcoin, I want them to "Do" because they see the value of an open source based financial system and the gifts of transparency, ease of transaction and more that it offers.

Perhaps there is another name which does an even better job of summing up the culture and values of the Bitcoin community other than Do Bit (DoBit)--I'd like to hear about it. 

Sorry if my idealism is uncomfortable, I'd be interested to hear what others think.  Thanks for the great suggestion, Anti Vigilante!   

Bounty

Thx - Speaking of which, 2000 do bits for a good C programming cheat sheet (multiple (gnu extensions preferred). I need to get out of my fear of PCRS (Program, Compile, Run, Sacrifice virgin routine). It's just that I've seen C code and the amount of bootstrapping for doing file reading and networking is um, hideous. Assembly language is less insane. Not joking. Still it's a stumbling block I picked up because of a learning disability I finally resolved so I'd like to crack that glass ceiling once and for all.

I mispell and leave out syntax (Kate editor / Emacs both help but I still have jitters). I suppose this reveals my Kryptonite but I don't care. I'm asking for help and I promise to return the favor with some new bitcoin software.

Proposal: http://forum.bitcoin.org/index.php?topic=11541.msg162881#msg162881
Inception: https://github.com/bitcoin/bitcoin/issues/296
Goal: http://forum.bitcoin.org/index.php?topic=12536.0
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May 21, 2011, 06:50:35 PM
 #108

Cubit as in Cube Bit as in Cube it. Smiley

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May 22, 2011, 12:01:56 AM
 #109

Cubit as in Cube Bit as in Cube it. Smiley

Spoken it sounds too much like "qubit" which will eventually be confusing once quantum computers are a reality.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

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May 22, 2011, 12:55:21 AM
 #110

I can't say "bitbat" with a straight face.

I'm a meme hacker. I use cider war and cider terriblism to cause fits and seizures in ppl who try to scare us about computers.

I can't beat bitbat for explosive power.

Stolen.

Still I like the do bit as a name. And I put up a bounty for 2000 do bits. What will you do in the world with a tiny little influence?

Proposal: http://forum.bitcoin.org/index.php?topic=11541.msg162881#msg162881
Inception: https://github.com/bitcoin/bitcoin/issues/296
Goal: http://forum.bitcoin.org/index.php?topic=12536.0
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May 22, 2011, 01:06:55 AM
 #111

Fermented apples?

(I dont always get new reply notifications, pls send a pm when you think it has happened)

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May 22, 2011, 01:20:01 AM
 #112

How about a Myte?

Combination of Milli and Byte

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May 22, 2011, 01:37:21 AM
 #113

There are pretty negative and wrong statements on BTC in the press, suggesting there is an actual shortage of granularity in the payment system, quoting techcrunch: "And, crucially, no more than 21 million will ever exist.".
To overcome this big hurdle of perception i decided to suggest a complete SI-style renaming system in the dev forum, heres a link: http://forum.bitcoin.org/index.php?topic=9299.0


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May 22, 2011, 02:12:04 AM
 #114

I can't beat bitbat for explosive power.

Well, you're right, but I think it has such memetic potential because it's an Inherently Funny Word, like "shoehorn" or "platypus".

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May 22, 2011, 02:23:31 AM
 #115

I'm still advocating for bitmill for several reasons.
1. People can easily attribute BITmill to the bitcoin service.
2. It follows the pattern of BITcoins BITcent, blah blah blah.
3. A mill is a legit piece of currency within the Unites States.  Gas prices have a mill price at the end of the price.
4.  It flows together in a phonic manner.
 

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May 22, 2011, 02:38:40 AM
 #116

The reason I liked tidbit when I came up with it because tidbit is already a word that indicates a small quantity that manages to not be insignificant (ie it reveals enough) and I thought it would be cool that anyone who wanted to start with bitcoin could go to the faucet or similar site in the future and get a few tidbits to start their journey. just a couple of tidbits and they would feel compelled to know more / would go deeper into the bunny hole. After putting enough tidbits together they would have a new understanding (or a whole bitcoin).

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May 22, 2011, 04:20:04 AM
 #117

1 = bitcoin
0.1 = little bit or "little"
0.01 = little bitty or "bitty"
0.001 = itsy bitsy or "itsy"

Each is aurally distinct.
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May 22, 2011, 05:01:16 AM
 #118

1 BTC = 10 MegaSatoshis? (just checking if my math is right)

(I dont always get new reply notifications, pls send a pm when you think it has happened)

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May 22, 2011, 04:45:58 PM
 #119

Tiago - Nope, 1 BTC = 100 megacreds / megasatoshis
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May 22, 2011, 08:31:23 PM
 #120

Here are submissions so far, in roughly reverse alphabetical order:

< list >

I'd encourage people to look over all of these and continue the discussion about what is the most useful name.  Spelling isn't so relevant for now, its the phonetic sound I'm curious about, I've doubled up those suggestions that have the same sound.

You didn't include my "coinbit" Sad

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May 22, 2011, 11:34:47 PM
 #121

Satoshi!

1 BTC = 0,001 SAT
1 SAT = 1000 BTC

Like! Easy.

As this RFC: http://forum.bitcoin.org/index.php?topic=9299.0
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May 23, 2011, 01:38:06 AM
 #122

Million =  1,000,000 BTC
Thousand = 1,000 BTC
Bitcoin = 1 BTC
Bitcent = 0.01 BTC
MilliBitcoin = 0.001 BTC <- Current value ~7/10 cents.
MicroBitcoin = 0.000001 BTC


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May 23, 2011, 04:26:24 AM
 #123

The world has never seen a currency that was divisible further than .01. This is actually a very interesting issue to me. Here is a few that may work.

0 decimal place - 1 - Bitcoin - BTC

3 decimal place - .001 - Token - mBTC

6 Decimal place - .000001 - Tidbit - µBTC

8 decimal place - .00000001 - Waif - wBTC

Waif is a word for stray or single. I thought it would be appropriate for the smallest denomination of bitcoin.

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May 23, 2011, 04:29:59 AM
 #124

I could just see the financial news one evening saying: "the DOWJONES industrial average ended the day a 'littlebit' higher today, but this is still down from 'quiteabit' yesterday.

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May 23, 2011, 06:50:59 AM
 #125

I just wanted to throw in "NIbble" because it sounds cute. Plus it stands for a half-byte so what the hell. ^^ But I'm not gonna register on that strange Bonus site since even when logging in with OpenID you need to create an account, which I think totally goes against the idea of OpenID. Wink

If you like my idea, feel free to send a few Nibbles my way: 165xtcXSciSXg32y6X43xd81PAqNVGnGzb.
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May 23, 2011, 01:16:29 PM
 #126


So its now Monday the world over and the votes are all in at Bitcoin Bonus.  Here's the final list there:

zibit

ubitcoin

TriBit  (2)

Tiny-Bit

tidbit

tBit - pronounced tee-Bit; t as in one thousandth of a BitCoin

smilibit

nibit

Nibble

nanocoin

m฿

mint

Milth

millie(s)

millicoin (Cool

millicent

milliBitty

Millibitcoin

milliBit (mB)  (15)
 
millebit

millcoin

MillBit

milicoin

milibit

MiliBit

miliBC

milbtc

MilBits

mil

Microcoin (2)

mic

mBTC og 1000-parts

mBitcoin

MBC (pronounced like the letters)

m1, 2m etc.

Little Penny Bitcoin

Litbit (3)

Kris

groat

Free

farthing

do bit - at this small size it's no longer a question of value but principles - what will you do in the world with a tiny little influence?

credit

Bity

BittyCoin

BittyCent

bitty bitlet (then 0.01 is a bitlet, then 0.01 is a bit, then 1.0 is a bitcoin)

Bitty (plural form: Bitties) (2)

Bitping

bitney

bitmillit

BitMillen

bitmill, bitmile(11)

Bitmi

bitly

bitli

Bitlet (3)

bithun

Bithou

BitDots

bitcoinmill

Bitcoin is very good.

Bitcoin atom

Bitchit

bitcent (2)

BitByte (2)

bitbit (4)

Bitbat

Bit-Tot

Bit-Mini

bit-hundredth

bit

BB

bantam bit

BajtCent

Amir

A bitpence

A bitk, pronounced bit-kay. Simple, short, and 1000 bitk would be one bitcoin.

A bitillion

1 Milicoin = 0.001 BTC

0,001 bitz


So with that, we had 15 votes for milliBit:  it is the winner, although it will likely be abbreviated down to be Mill/Mille as Gavin suggested.
zeploum was the first to suggest this, along with 'mille'    Congratulations!

I'm also awarding AntiVigiliate 5 BTC for his suggestion of Do Bit.  I'll likely use that at times in the hopes that it becomes an informal name for 0.001 BTC, the same way that we have crown, farthing, sovereign and guinea for Pound,  or Buck for Dollar. 

I like whoever suggested "hopefully 1 Dollar"!

Thanks for everyones thoughts and helpful suggestions.  Let the Network Effect take over from here and lets see what sticks!


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May 23, 2011, 01:20:47 PM
 #127

Great option, BitcoinBonus  Grin
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May 23, 2011, 01:23:56 PM
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Thx Smiley

Made my morning to be down $.17 in 'valium' and 5 BTC up in 'howmuchigots'.

Proposal: http://forum.bitcoin.org/index.php?topic=11541.msg162881#msg162881
Inception: https://github.com/bitcoin/bitcoin/issues/296
Goal: http://forum.bitcoin.org/index.php?topic=12536.0
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June 04, 2011, 12:02:00 PM
 #129

Has anyone even considered a bitpip?  The other currencies are like penny, nickel and dime; shouldn't we go with the next smaller pip?

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June 04, 2011, 04:48:30 PM
 #130

I like millibit myself. 

As said before it lends itself to be used a millie, and could end up being a common transaction amount.

1 Bitcoin
.01 Bitcent
.001 Millibit

and so forth.

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June 04, 2011, 05:28:28 PM
 #131

I propose we call them Bints
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June 04, 2011, 05:57:14 PM
 #132

Bitcoinbonus is probably a scam - my BTC for registration have not been paid since days and now the bonus has simply been cut to a quarter of the original value Angry

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June 04, 2011, 07:18:01 PM
 #133

So with that, we had 15 votes for milliBit:  it is the winner, although it will likely be abbreviated down to be Mill/Mille as Gavin suggested.

It's the most sane name. Calling them "mill" or "millies" risk causing confusion with "million" though (esp. if capitalizing!). As suggested in another thread, mBit ("embit" - two syllables) sounds nice.

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June 04, 2011, 09:43:09 PM
 #134

I got a few thoughts here...

First of all, I know there is an understandable move to NOT using actual currency denominations, "cents" "pennies" "dimes".  Most of us will be very comfortable with this, but there are many who use other currencies, who may not.  Also, aren't we semi-revolting against paper/coin currencies?

Second:  Making up names like "bitmil" or "bitsies" or whatever will be very confusing, because in basic conversation, it may take a very long time of regular use before we become that comfortable with whether a "bitsie" is .001 or .0001 or .00001.

Therefore I suggest using more of a route of what we do when we use base numbering systems larger than base 10.  We go to letters.

Therefore,

a-bit = .1 btc
b-bit = .01 btc
c-bit = .001 btc
d-bit = .0001 btc
e-bit = .00001 btc
f-bit = .000001 btc
g-bit = .0000001 btc
h-bit = .00000001 btc
i-bit = .000000001 btc
j-bit = .0000000001 btc

In every instance, we keep the "bit" nomenclature, and also use the letter to easily identify how many decimal places are needed.

What do you guys think?

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June 04, 2011, 10:02:06 PM
 #135

Phoneticly that can be confusing.  But using a phonetic alphabet would work...

Bitcoin

.1 = Alphabit
.01 = Bravobit/Betabit
.001 = Charliebit/Gammabit

and so on.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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June 04, 2011, 10:10:28 PM
 #136

 0.001 BTC=1 minicoin
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June 04, 2011, 10:47:00 PM
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Bitcoinbonus is probably a scam - my BTC for registration have not been paid since days and now the bonus has simply been cut to a quarter of the original value Angry

You have to claim the bonus.

And the bounty for this is paid.

Proposal: http://forum.bitcoin.org/index.php?topic=11541.msg162881#msg162881
Inception: https://github.com/bitcoin/bitcoin/issues/296
Goal: http://forum.bitcoin.org/index.php?topic=12536.0
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June 05, 2011, 12:07:57 AM
 #138

Bitcoinbonus is probably a scam - my BTC for registration have not been paid since days and now the bonus has simply been cut to a quarter of the original value Angry

You have to claim the bonus.

And the bounty for this is paid.

I'm not referring to the naming-whatever-bounty - I'm referring to the registration bonus which I claimed days ago and was BTC 0.02 at that time, but now has been changed to BTC 0.005. Its status is still "pending". Well that's not much BTC, but I still would appreciate this site paying what has been promised.  Huh

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June 05, 2011, 04:38:34 AM
 #139


j-bit  .... sounds like something you might find on the silk road (not that I've ever been there)

If the decimal place moves 6 places to the right as described in the other thread then this is a moot discussion, as fun as it is. Then we go back to super-naming instead of sub-naming.

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June 07, 2011, 02:22:40 AM
 #140

Where has this bloody dobit thing come from all of a sudden? SI makes instinctive sense to most of the world: why would you ruin that? Just as we talk in megahashes, millibitcoins is the future. It's not creating some confusing new scheme, it's purely logical.
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June 07, 2011, 05:10:33 PM
 #141

I think that instead of coming up with names for 0.001 and 0.000001 bitcoins we should seriously consider changing the value of 1 bitcoin. I propose that what now is 0.000001 bitcoins becomes the new bitcoin. If we want bitcoin to be widely used we have start thinking about how to make things simple for Average Joe. So, a couple of reasons why this would be better:

  • Bitcoin sounds like a small amount.
  • While milli- and micro- is very simple to understand for a scientific community, "a thousand" and "a million" is understood more intuitively by Average Joe. So instead of having "a microbitcoin", "a millibitcoin" and "a bitcoin" in everyday use it would be better to have "a bitcoin", "a thousand bitcoins" and "a million bitcoins".
  • No currency that I have used have smaller amounts than 0.01 main units. Using the new definition of a bitcoin the smallest possible amount would be just that, 0.01 bitcoins.

I don't think that it's too late to make a change like this.

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June 07, 2011, 05:42:10 PM
 #142

I think that instead of coming up with names for 0.001 and 0.000001 bitcoins we should seriously consider changing the value of 1 bitcoin. I propose that what now is 0.000001 bitcoins becomes the new bitcoin. If we want bitcoin to be widely used we have start thinking about how to make things simple for Average Joe. So, a couple of reasons why this would be better:

  • Bitcoin sounds like a small amount.
  • While milli- and micro- is very simple to understand for a scientific community, "a thousand" and "a million" is understood more intuitively by Average Joe. So instead of having "a microbitcoin", "a millibitcoin" and "a bitcoin" in everyday use it would be better to have "a bitcoin", "a thousand bitcoins" and "a million bitcoins".
  • No currency that I have used have smaller amounts than 0.01 main units. Using the new definition of a bitcoin the smallest possible amount would be just that, 0.01 bitcoins.

I don't think that it's too late to make a change like this.

I would have to agree, but if we are going to move the decimal point, we need to do it sooner rather than later.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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June 07, 2011, 07:47:55 PM
 #143

Instead of milbit, what about: milfbit
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June 07, 2011, 07:48:48 PM
 #144

Instead of milbit, what about: milfbit

The standard going rate, then?

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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June 07, 2011, 07:56:12 PM
 #145

While milli- and micro- is very simple to understand for a scientific community, "a thousand" and "a million" is understood more intuitively by Average Joe.

I hate having to agree with you, but the recent accident in Fukushima is a good example. Both mass media and the general public were completely unable to understand and communicate the difference between micro and milli - leading to headlines that there had been increases in radiation because TEPCO stated "14 microsievert" when they had previously said "0.6 millisievert" etc.

Falkvinge expressed similar views:

{amount}[k|m|u]

The amount 0.00141 could have been better written as 1.41m (1.41 millibitcoin), or 1410u for those who prefer (1,410 microbitcoin). It makes it much more readable. Readability is strongly preferable. (The k prefix works similarly for kilo and will probably only be used to buy mansions and luxury sports cars. I do not foresee a need for a mega prefix.)


http://falkvinge.net/2011/06/06/bitcoins-four-hurdles-part-two-transactions/
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June 07, 2011, 09:51:30 PM
 #146

0.000001 old btc = 1 btc (so we'll still use "bitcoin", we'll just have  1e6 times more bitcoins)
0.001 old btc  =  1 000 btc = 1K bt = kilobit
1 old btc = 1 000 000 btc  = 1M bt =  megabit
1 000 old btc = 1 000 000 000 btc = 1G bt = gigabit
1 000 000 old btc = 1 000 000 000 000 btc= 1T bt = terabit

You use bitCOINS when it's a small number, but when it's a big number you don't use coins.









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June 07, 2011, 10:32:22 PM
 #147

I think that instead of coming up with names for 0.001 and 0.000001 bitcoins we should seriously consider changing the value of 1 bitcoin. I propose that what now is 0.000001 bitcoins becomes the new bitcoin. If we want bitcoin to be widely used we have start thinking about how to make things simple for Average Joe. So, a couple of reasons why this would be better:

  • Bitcoin sounds like a small amount.
  • While milli- and micro- is very simple to understand for a scientific community, "a thousand" and "a million" is understood more intuitively by Average Joe. So instead of having "a microbitcoin", "a millibitcoin" and "a bitcoin" in everyday use it would be better to have "a bitcoin", "a thousand bitcoins" and "a million bitcoins".
  • No currency that I have used have smaller amounts than 0.01 main units. Using the new definition of a bitcoin the smallest possible amount would be just that, 0.01 bitcoins.

I don't think that it's too late to make a change like this.


I'm completely with D.H.

all these prefixes and suffixes are a mess to handle by average Joe.

I've never seen a currency with more than two decimal places; how are you supposed to pay for you daily loaf of bread or newspaper?

How much for that .... (you name it)? 

You need to answer such a question with something which can be spelled easily; try to ask your grandma for some coins, are you going to ask her a few milli/nano something (not to mention a few btches)?

So, the bitcoin HAS to be equivalent to 100 satoshis (or 1000, if we want to use some of those decimal places), and from there we simply go up until we reach 1 million (new) bitcoins where we simply remove the decimal place which is there now and keep going up.

1 billion new bitcoins == 1,000.00 current bitcoins
1 trillion new bitcoins == 1,000,000.00 current bitcoins

and so on .

my 2s  (satoshis) Smiley
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June 07, 2011, 10:38:13 PM
 #148

0.000001 old btc = 1 btc (so we'll still use "bitcoin", we'll just have  1e6 times more bitcoins)
0.001 old btc  =  1 000 btc = 1K bt = kilobit
1 old btc = 1 000 000 btc  = 1M bt =  megabit
1 000 old btc = 1 000 000 000 btc = 1G bt = gigabit
1 000 000 old btc = 1 000 000 000 000 btc= 1T bt = terabit

You use bitCOINS when it's a small number, but when it's a big number you don't use coins.



I'm sure that's what the guy who bought the 10K BTC pizza was thinking, too.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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June 08, 2011, 04:03:45 AM
 #149


2.1 quadrillion satoshis is a lot of supply ... what if we have inflation? (just kidding folks)

my money is on the satoshi ... 100 satoshis to the bitbuck and go from there.

Although it doesn't really matter what joe average thinks or if he eve needs to, the computer does it all for him.

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June 08, 2011, 09:15:59 AM
 #150

1 Coin = 10 bents = 100 cents = 1,000 dents = 10,000 fents = 100,000 gents

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June 08, 2011, 10:43:05 AM
 #151

Bitbit.
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June 08, 2011, 10:46:10 AM
 #152

Bitbit.

thanks for the vote of confidence. As I said when I posted it, it has the advantage of sounding like toddler food or a baby dinosaur.

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June 08, 2011, 10:49:55 AM
 #153

Bitbit.

thanks for the vote of confidence. As I said when I posted it, it has the advantage of sounding like toddler food or a baby dinosaur.

yeah. It' s also very simple.
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June 08, 2011, 04:02:26 PM
 #154

throwing my hat in the ring: bitprom. or bithou.

(cause it's a thousandth)

just my 00.2 btc's (;





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June 08, 2011, 04:06:20 PM
 #155

I think that instead of coming up with names for 0.001 and 0.000001 bitcoins we should seriously consider changing the value of 1 bitcoin. I propose that what now is 0.000001 bitcoins becomes the new bitcoin. If we want bitcoin to be widely used we have start thinking about how to make things simple for Average Joe. So, a couple of reasons why this would be better:

  • Bitcoin sounds like a small amount.
  • While milli- and micro- is very simple to understand for a scientific community, "a thousand" and "a million" is understood more intuitively by Average Joe. So instead of having "a microbitcoin", "a millibitcoin" and "a bitcoin" in everyday use it would be better to have "a bitcoin", "a thousand bitcoins" and "a million bitcoins".
  • No currency that I have used have smaller amounts than 0.01 main units. Using the new definition of a bitcoin the smallest possible amount would be just that, 0.01 bitcoins.

I don't think that it's too late to make a change like this.


D.H. nailed it here.  This should be the new standard.

+1
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June 08, 2011, 04:17:54 PM
 #156

Just call it what it is -- a tenth of a Bitcent.  Why does it have to be dumbed down?  I don't want to trade in BTC with morons anyway.  If you can't understand decimal places, gtfo imho.
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June 10, 2011, 10:37:44 PM
 #157

I think that instead of coming up with names for 0.001 and 0.000001 bitcoins we should seriously consider changing the value of 1 bitcoin. I propose that what now is 0.000001 bitcoins becomes the new bitcoin. If we want bitcoin to be widely used we have start thinking about how to make things simple for Average Joe. So, a couple of reasons why this would be better:

  • Bitcoin sounds like a small amount.
  • While milli- and micro- is very simple to understand for a scientific community, "a thousand" and "a million" is understood more intuitively by Average Joe. So instead of having "a microbitcoin", "a millibitcoin" and "a bitcoin" in everyday use it would be better to have "a bitcoin", "a thousand bitcoins" and "a million bitcoins".
  • No currency that I have used have smaller amounts than 0.01 main units. Using the new definition of a bitcoin the smallest possible amount would be just that, 0.01 bitcoins.

I don't think that it's too late to make a change like this.


D.H. nailed it here.  This should be the new standard.

+1

Perhaps the Wiki should be updated to reflect this approach? https://en.bitcoin.it/wiki/FAQ#What_do_I_call_the_various_denominations_of_Bitcoins?

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June 10, 2011, 11:32:17 PM
 #158

It should be called an "ibbit" or "ibit".

Pronounced ib-et, rhymes with ribbit - the sound a frog makes.

I'll keep my politics out of your economics if you keep your economics out of my politics.

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June 10, 2011, 11:37:53 PM
 #159

No! It should be called litllebit
http://www.youtube.com/watch?v=GllEDACUbNo

Damn baby all I need is just a littlebit
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June 17, 2011, 09:57:15 PM
 #160

"cent" or "milli" sound like something small. People may feel uncomfortable buying 1 bit"cent" for 5 dollars, for example.
I like "Gavin" (not "Gav", Gav sounds a little funny in Russian). Or maybe think about some other human names. First of all, it must be beautiful and human-oriented, not necessarily compared with some bitcoiner.
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May 24, 2012, 09:24:41 AM
 #161

Not sure if still useful to post here, but what about

0.1 BTC = a digidollar
0.001 BTC = a digicent

In theory, there's no difference between theory and practice. In practice, there is.
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May 24, 2012, 09:36:00 AM
 #162

posting in a (i think resolved by now) necro thread

0.00000001 = 1 Satoshi
0.00001000 = 1 kilosat
0.01000000 = 1 megasat

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May 24, 2012, 06:50:50 PM
 #163

just call them satoshis!!!

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May 24, 2012, 06:53:33 PM
 #164

How about just "embee" ... mb .. mili-bit. 

20 embee' for that cup of coffee!  Has the added bonus of being abbreviated as mb or MB.  Might get confused with a Megabit or byte, though.. although if someone takes Megabits for food, that might be full of win.

If you're searching these lines for a point, you've probably missed it.  There was never anything there in the first place.
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May 24, 2012, 11:24:12 PM
 #165

I'll give credit and attribution where due, so don't accuse me if I'm accidentally borrowing too much.

"embee"   MBTC   (1e+6 BTC)   -short 'e' (I borrowed this, but changed the magnitude). <attr> Inaba.
"kibee"     KBTC   (1e+3 BTC)   -short 'i'
"bitcee" / "bickee"   BTC     (1 BTC)       -short 'i' and unique naming playing on acronym [ B ]i[ T ][ C ]ee.
"dibee"    dBTC    (1e-1 BTC)   -short 'i'
"cibee"     cBTC    (1e-2 BTC)   -short 'i'
"mibee"    mBTC   (1e-3 BTC)   -short 'i'
"ubee"     uBTC    (1e-6 BTC)   - pronounced "youbee" or alternatively "myubee" (I borrowed this).
"nabee"    nBTC   (1e-9 BTC)   - if necessary in future, or for amounts >= 10 Satoshis.

And for nickles and dimes: nickee/nickit (.05 BTC) and dimee/dimit (.1 BTC, or 1 dibee).

I tried to find as many unique pronuciations (prevent miscommunications) and maintain as close a resemblence to the metric prefix notation as possible. I also tried to keep it at 2 syllables. I tried one syllable, but it didn't sound unique enough.

Wha'dya think?

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May 25, 2012, 12:00:21 AM
 #166

The ?ibee's would be a problem.  They are close to the should-have-been-aborted SI units, which, at least to AmGen speakers sound like baby talk and mush mouth, making them somewhat distasteful to say. 

So kibee, bitcee, dibee, cibee, mibee and nabee would probably not find wide adoption and suffer the same ill-fate as the SI prefixes. 

If you're searching these lines for a point, you've probably missed it.  There was never anything there in the first place.
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May 25, 2012, 12:41:14 AM
 #167

The ?ibee's would be a problem.  They are close to the should-have-been-aborted SI units, which, at least to AmGen speakers sound like baby talk and mush mouth, making them somewhat distasteful to say. 

So kibee, bitcee, dibee, cibee, mibee and nabee would probably not find wide adoption and suffer the same ill-fate as the SI prefixes. 

What modifications would work and keep the "common" numerical prefixes? How about a different suffix? Perhaps a -bits suffix would sound less "baby talk".

http://payb.tc/evo or
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May 25, 2012, 12:57:38 AM
 #168

What modifications would work and keep the "common" numerical prefixes? How about a different suffix? Perhaps a -bits suffix would sound less "baby talk".
Sure - kibits, mibits, mubits, etc. I like that.

Also, the greek "μ" isn't pronounced "myu", it's more like "mu".

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May 25, 2012, 01:11:02 AM
 #169

What modifications would work and keep the "common" numerical prefixes? How about a different suffix? Perhaps a -bits suffix would sound less "baby talk".
Sure - kibits, mibits, mubits, etc. I like that.

Also, the greek "μ" isn't pronounced "myu", it's more like "mu".

I appreciate the heads up, I've been pronouncing it that way for awhile now. Hopefully with the -bits suffix, it will sound a little more professional but keep the brevity roll-off-the-tongue convenience in every day talk.

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May 25, 2012, 01:16:00 AM
 #170

I'll give credit and attribution where due, so don't accuse me if I'm accidentally borrowing too much.

"embee"   MBTC   (1e+6 BTC)   -short 'e' (I borrowed this, but changed the magnitude). <attr> Inaba.
"kibee"     KBTC   (1e+3 BTC)   -short 'i'
"bitcee" / "bickee"   BTC     (1 BTC)       -short 'i' and unique naming playing on acronym [ B ]i[ T ][ C ]ee.
"dibee"    dBTC    (1e-1 BTC)   -short 'i'
"cibee"     cBTC    (1e-2 BTC)   -short 'i'
"mibee"    mBTC   (1e-3 BTC)   -short 'i'
"ubee"     uBTC    (1e-6 BTC)   - pronounced "youbee" or alternatively "myubee" (I borrowed this).
"nabee"    nBTC   (1e-9 BTC)   - if necessary in future, or for amounts >= 10 Satoshis.

And for nickles and dimes: nickee/nickit (.05 BTC) and dimee/dimit (.1 BTC, or 1 dibee).

I tried to find as many unique pronuciations (prevent miscommunications) and maintain as close a resemblence to the metric prefix notation as possible. I also tried to keep it at 2 syllables. I tried one syllable, but it didn't sound unique enough.

Wha'dya think?

The ?ibee's would be a problem.  They are close to the should-have-been-aborted SI units, which, at least to AmGen speakers sound like baby talk and mush mouth, making them somewhat distasteful to say. 

So kibee, bitcee, dibee, cibee, mibee and nabee would probably not find wide adoption and suffer the same ill-fate as the SI prefixes. 
I agree with Inaba. The cibee name for example sounds like a certain swearword in Asian regions. I prefer the -bits suffix too.

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May 25, 2012, 01:22:34 AM
 #171

I'll give credit and attribution where due, so don't accuse me if I'm accidentally borrowing too much.

"embit"   MBTC   (1e+6 BTC)   -short 'e' (I borrowed this, but changed the magnitude).
"kibit"     KBTC   (1e+3 BTC)   -short 'i'
"bitcee" / "bickee"   BTC     (1 BTC)       -short 'i' and unique naming playing on acronym [ B ]i[ T ][ C ]ee.
"dibit"    dBTC    (1e-1 BTC)   -short 'i'
"cibit"     cBTC    (1e-2 BTC)   -short 'i'
"mibit"    mBTC   (1e-3 BTC)   -short 'i'
"ubit" / "mubit"    uBTC    (1e-6 BTC)   - pronounced youbit, oobit or moobit.
"nabit"    nBTC   (1e-9 BTC)   - if necessary in future, or for amounts >= 10 Satoshis.

And for nickles and dimes: nickee/nickit (.05 BTC) and dimee/dimit (.1 BTC, or 1 dibee).

I'll leave the nickles and dimes the same as they're kind of one-offs anyway. Also I left the single bitcoin as unique too.

Appreciate the input guys.

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May 25, 2012, 02:43:14 AM
 #172

microbit.

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May 25, 2012, 05:35:48 AM
 #173

How about we call it a gavin and the rest after the other developers.
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May 25, 2012, 06:08:25 AM
 #174

millibit

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May 25, 2012, 06:55:13 AM
 #175

When people talk about their own country's currency, the don't suffix it with the country name. They talk about dollars, cents, pfennigs, etc.

We should do the same. When it's obvious from context that we're talking about bitcoin, just use 'cents' and 'mills' (don't use 'mikes' - has some unsavoury drug connotations in my country). If you do need to refer to microbitcoin, just do it in terms of hundreds or thousands of satoshis.

This way 'satoshis' remains unique, and talking about prices stays simple.

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May 25, 2012, 08:47:40 AM
 #176

I think it needs to remain simplified. In dollars we say 10 cents and 1 cent. Cent doesn't change, so why does it have to change in this case.

My proposal:

Everything before the decimal: bit|bar
Everything after the decimal: sat

When saying Sat we could extend the "a" so the word drags out a bit more. Spelt like "Sat", said like "Saaat(s)".

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May 25, 2012, 08:49:26 AM
 #177

"bitcent" is the most straightforward name that everybody can understand instantly without any confusion

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May 25, 2012, 08:56:56 AM
 #178

A lot of people already call 0.01 a bitcent,

0.001 would i guess be bitmil following that

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May 25, 2012, 09:08:10 AM
 #179

FPGA hashers are 'bit mills'. Cut the 'bit', just leave 'mils'.

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May 25, 2012, 09:21:07 AM
 #180

millibit

This

Or sometimes a thousandth of an inch it referred to as a "thou", so  "thoubit"
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May 25, 2012, 11:51:18 AM
 #181

Yeah, I think I agree... keeping the bit suffix is the way to go. 

If you're searching these lines for a point, you've probably missed it.  There was never anything there in the first place.
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May 25, 2012, 02:17:06 PM
 #182

I think that this discussion is not very relevant, because general public will decide which option is the best anyway because of Network Effects.

After one option is selected by the most of people, there will be no stopping it.

This. True.

BTW just realized than denominatons of 10K BTC could be called "pizzas" Smiley
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May 25, 2012, 02:47:40 PM
 #183

BTW just realized than denominatons of 10K BTC could be called "pizzas" Smiley

This I like very much.

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May 30, 2012, 06:51:41 PM
 #184

Millbit? I think that's the most realistic
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May 30, 2012, 07:00:59 PM
 #185

millibit.

Accurate, easy, and short. 

Also the nice thing is that since bit (general nonbitcoin word) is a discrete unit there is no such concept of sub bit.  Therefore without spelling out "coin" it becomes disambiguous that the speaker is talking about only bitcoin.

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Recently I had a falling price auction where the price of a new BFL Single fell by 2 millibits per minute. Smiley
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May 30, 2012, 07:04:48 PM
 #186

Keep the bitcoins accord with the International System of Units.
So everybody will know how to call 0.001 Btc ,1 miliBtc.

Much easier for everyone and easier for globalisation.

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May 30, 2012, 07:05:02 PM
 #187

I'm not sure what to call these things, but if you ever get around to naming 1 millionth of a bitcoin (0.000001) I get dibs on the name "Microshi".

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May 30, 2012, 07:17:32 PM
 #188

I'm not sure what to call these things, but if you ever get around to naming 1 millionth of a bitcoin (0.000001) I get dibs on the name "Microshi".

And I get first dibs on calling the time period between February and June a "Mag".

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May 31, 2012, 12:46:11 AM
 #189

I guess I thought people were already referring to them as millibits.

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May 31, 2012, 05:24:58 AM
 #190

I've only seen bitmil and btm used, but in the end both millibit and bitmil keep to measurements and are easy to tell


maybe something like this?

0.01btc - bitcent - centibit - MEGA SATOSHI!   
0.001btc - bitmil - millibit
0.0001btc - 10 kilosat - 0.1 bitmil/millbit
0.00001btc - Kilosat
0.000001btc - bitmicro - microbit
0.0000001btc - 10 satoshis
0.00000001btc - satoshi

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May 31, 2012, 09:00:28 AM
 #191

0.001 BTC = "one milliBTC" or one Millie
0.000001 BTC = "one microBTC" or one Mike
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May 31, 2012, 08:01:09 PM
 #192

+1 for satoshi based naming. I prefer names that refer to multiples of satoshis rather that fractions of bitcoin. In example; Product X is on sale for 13 Kilo-Satoshis, which will over time be shortened to 13 Kilo-Satosh, 13 Kilo-Sats, 13 kS etc.

 

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NrhP6BRXmPP/b4E+EPSbKBeLI/+eCP6BwPLEpZYQrHxg0eHLwYNQTK5f6SxK
7vcxO/OaBmcvo9ZAHDKkP3HJiqRZyw==
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May 31, 2012, 09:32:03 PM
 #193

+1 for satoshi based naming. I prefer names that refer to multiples of satoshis rather that fractions of bitcoin. In example; Product X is on sale for 13 Kilo-Satoshis, which will over time be shortened to 13 Kilo-Satosh, 13 Kilo-Sats, 13 kS etc.

 
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May 31, 2012, 09:57:56 PM
 #194

'Hey man.. got any S-Coin?!'

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June 01, 2012, 02:44:24 AM
 #195

A  lily  silly

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June 01, 2012, 02:47:19 AM
 #196

ZERO POINT ZERO ZERO ZERO ONE BEE TEE CEE.
Not ambiguous at all. Tongue

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June 01, 2012, 02:47:53 AM
 #197

A  lily  silly

I vote for "lily silly".
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November 17, 2013, 06:07:12 PM
 #198

1 BTC = 100,000,000 satoshis
1 XBT = 100 satoshis

1 BTC = 1,000 mBTC = 1,000,000 XBT = 1M XBT = 1 MXBT
0.001 BTC = 1 mBTC = 1000 XBT = 1k XBT = 1 kXBT
0.000,001 BTC = 0.001 mBTC = 1 XBT

At the moment:

$1 = 2160 XBT = 2.16 mBTC
1000 XBT = 1 mBTC = $0.46
1 XBT = 0.001 mBTC = $0.00046

Phase out BTC over time, because it'll just be too big.

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November 17, 2013, 06:08:30 PM
 #199

Call it BTM = Bit Million , easy to remember : )
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November 23, 2013, 08:59:31 AM
 #200

Yep. Something like this ... giving the one hundred satoshi unit a specific name is a good way all around. Better hurry though I think the Foundation is already working on getting XBT into ISO currency definitions.

1 BTC = 100,000,000 satoshis
1 XBT = 100 satoshis

1 BTC = 1,000 mBTC = 1,000,000 XBT = 1M XBT = 1 MXBT
0.001 BTC = 1 mBTC = 1000 XBT = 1k XBT = 1 kXBT
0.000,001 BTC = 0.001 mBTC = 1 XBT

At the moment:

$1 = 2160 XBT = 2.16 mBTC
1000 XBT = 1 mBTC = $0.46
1 XBT = 0.001 mBTC = $0.00046

Phase out BTC over time, because it'll just be too big.

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November 23, 2013, 09:25:55 AM
 #201

third bitcoin :)TB
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November 23, 2013, 11:37:26 AM
 #202

Coinlet ? Cheesy

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November 23, 2013, 12:43:37 PM
 #203

BitNugget
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November 23, 2013, 02:08:01 PM
 #204

Satoshi's

0.1 = Sbit
0.01 = aBit
0.001 = tBit
0.0001 = oBit
0.00001= sBit
0.000001= hBit
0.0000001 = iBit
0.00000001 = Satotshi
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November 26, 2013, 05:00:41 AM
 #205

http://shadowrun.wikia.com/wiki/Nuyen
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November 28, 2013, 06:31:17 PM
 #206

For giggles, today only, I think a great name for 0.001 BTC is a dollar.

Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable.  I never believe them.  If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins.  I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion.  Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice.  Don't keep coins online. Use paper or hardware wallets instead.
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November 28, 2013, 07:57:45 PM
 #207

For giggles, today only, I think a great name for 0.001 BTC is a dollar.

haha, the day has arrived when we can officially mock the dollar and be justified. as we move forward, the dollar will slowly become obsolete with cryptocurrencies replacing it along with the BRIC nations basket currencies I think.

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November 29, 2013, 03:14:00 PM
 #208

I feel as if we should stray from common names (e.g. Mike), since they don't exactly loan credibility to our money. What if a cent was actually a John? I don't think it'd work out well.

As for 0.001, I propose that we call it the "mille". It has a nice, flowing sound to it, and has established ground in the SI prefix system as well as in "permille" (as opposed to percent).

It also works well pluralized (see milles).

Anyways, those are just my ten milles on the idea. Smiley
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November 29, 2013, 03:37:58 PM
 #209

A problem is that mille is French for the number 1000.

Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable.  I never believe them.  If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins.  I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion.  Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice.  Don't keep coins online. Use paper or hardware wallets instead.
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November 29, 2013, 03:41:37 PM
 #210

0.001 BTC = 1 mib
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December 04, 2013, 02:00:54 AM
 #211

Lets look at bitcoin (the blockchain) as a global database and a Satoshi as the minimal unit to save data in there.
So the currency could become an equivalent for the capacity to store data there, to write history. Maybe that is some day more important then money?
What are our measurements for data capacity?
Bit is the smallest unit for information. So a Satoshi could be equivalent to 1 bit.

1000 Satoshis = 1 kilobit ~ 1 cent (USD) at the current price
0.01 BTC = 1 000 000 Satoshi = 1 megabit ~ 10 USD

Of cours it could be confusing to use kilobit/megabit for a currency. Also it does not sound well. So a better name is needed, but maybe the analogy leads somebody to a nice name.
Satoshi is by far the best name for a currency, better then bitcoin IMHO.

Decimal/Cubic/Satoshi (DeCuSa) for 10^3 Satoshis (1000 Satoshis ~ 1 cent)?
And that as symbol: Đ as sign for the leaving dollar ;-)
Or maybe better a mathematical symbol like: Ξ or θ

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December 04, 2013, 02:03:29 AM
 #212

For giggles, today only, I think a great name for 0.001 BTC is a dollar.

I actually really like this idea.
We could make it a "Dolla" or something close?

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December 04, 2013, 02:05:44 AM
 #213

For giggles, today only, I think a great name for 0.001 BTC is a dollar.

I actually really like this idea.
We could make it a "Dolla" or something close?

Nah, we should try to lose fiat ties at least in names.
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February 23, 2014, 02:14:35 PM
 #214

What the hell with all these nerdy names? Grin Normal plz we need speaking-friendly names Grin

How about

1 Bitcoin = 1,000 SilverBit = 1,000,000 = CopperBit = 100,000,000 Sato-Bit
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February 23, 2014, 03:23:29 PM
 #215

Yes relating the units to Copper, Bronze, Silver, Gold and Platinum is a great idea.

These are both already commodities of ascending value and widely recognised.

1BTC = 1Bitcoin
0.1BTC= 1Plat
0.01BTC= 1G
0.001BTC = 1S
0.0001BTC = 1B
0.00001BTC = 1C

for example.
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February 23, 2014, 04:10:10 PM
 #216

Nobody wants to call it a "gavin"?

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February 23, 2014, 04:16:31 PM
 #217

What the hell with all these nerdy names? Grin Normal plz we need speaking-friendly names Grin

How about

1 Bitcoin = 1,000 SilverBit = 1,000,000 = CopperBit = 100,000,000 Sato-Bit
You sure worked hard to dig this thread up didn't you?
Especially as they already have established names, note this thread was created 3 years ago.
Go spam somewhere else to get your post count up, like, active posts?

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February 23, 2014, 11:51:04 PM
 #218

What the hell with all these nerdy names? Grin Normal plz we need speaking-friendly names Grin

How about

1 Bitcoin = 1,000 SilverBit = 1,000,000 = CopperBit = 100,000,000 Sato-Bit
You sure worked hard to dig this thread up didn't you?
Especially as they already have established names, note this thread was created 3 years ago.
Go spam somewhere else to get your post count up, like, active posts?

The last post before his is from December of 2013 and there really aren't any catchy names for these values that are established. Pipe down.

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February 24, 2014, 12:32:39 AM
 #219

What the hell with all these nerdy names? Grin Normal plz we need speaking-friendly names Grin

How about

1 Bitcoin = 1,000 SilverBit = 1,000,000 = CopperBit = 100,000,000 Sato-Bit
You sure worked hard to dig this thread up didn't you?
Especially as they already have established names, note this thread was created 3 years ago.
Go spam somewhere else to get your post count up, like, active posts?

The last post before his is from December of 2013 and there really aren't any catchy names for these values that are established. Pipe down.
The december post was also a necro.
It's a mbtc, we all know that.

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February 24, 2014, 01:03:35 AM
 #220

What the hell with all these nerdy names? Grin Normal plz we need speaking-friendly names Grin

How about

1 Bitcoin = 1,000 SilverBit = 1,000,000 = CopperBit = 100,000,000 Sato-Bit
You sure worked hard to dig this thread up didn't you?
Especially as they already have established names, note this thread was created 3 years ago.
Go spam somewhere else to get your post count up, like, active posts?

The last post before his is from December of 2013 and there really aren't any catchy names for these values that are established. Pipe down.
The december post was also a necro.
It's a mbtc, we all know that.

.. and mbtc is soooo catchy. I use it all the time.

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February 24, 2014, 05:25:28 AM
 #221

oh point oh oh one bitcoins.  /thread

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February 24, 2014, 09:12:03 AM
 #222

It's a mbtc, we all know that.

.. and mbtc is soooo catchy. I use it all the time.

So call it a Millie for now. Catchier nicknames will arise naturally in time.

I'll wait for those catchier nicknames.

Interestingly, I've noticed that I never speak about bitcoin amounts in other than either full value or satoshi amounts, and when writing about a thousandth of a bitcoin I just write "0.001 btc".

Maybe the "mbtc" range is not needed.

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February 24, 2014, 09:49:42 AM
 #223

In remembrance of MtGox I would call it 'Gox'  Wink

It was the first exchange that brought us to $1000 and 'Gox' sounds a bit like 'Bucks'  Smiley
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February 24, 2014, 01:38:30 PM
 #224

Why can't we just use millibit and microbits?  Why do people try to give a name for every tenth.  Can't you just say 10 millibits or 100 millibits.  It's not necessary to have a new name every factor of 10.  Also I'm sure some people say this is confusing with the computer units for storage, but I'm pretty sure you can use a little context here.  There are many words with double meanings, doesn't mean we have to create a new word for every single meaning, right?
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February 25, 2014, 04:07:32 PM
 #225

It's a mbtc, we all know that.

.. and mbtc is soooo catchy. I use it all the time.

So call it a Millie for now. Catchier nicknames will arise naturally in time.

I'll wait for those catchier nicknames.

Interestingly, I've noticed that I never speak about bitcoin amounts in other than either full value or satoshi amounts, and when writing about a thousandth of a bitcoin I just write "0.001 btc".

Maybe the "mbtc" range is not needed.
A lot of PTC / earn sites uses mbtc to describe 0.001 bitcoins.
Basically I pronounce it a millie-bitcoin, which is per definition what it is, a thousandth of a bitcoin.

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February 25, 2014, 04:25:14 PM
 #226

Furthermore it already has been decided by network effects, and bumping this thread once every year will not change that. It wouldn't need bumping if it was ever going to get anywhere.
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February 25, 2014, 04:27:19 PM
 #227

Furthermore it already has been decided by network effects, and bumping this thread once every year will not change that. It wouldn't need bumping if it was ever going to get anywhere.
This is true.
It just got necro'd because someone wanted to build their post count,
then someone else complained about the term not being catchy enough.
The thread itself is stupid, it's time to let it die. Smiley

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February 25, 2014, 04:30:13 PM
 #228

Just call it Gox. I think cca. 0.001 BTC will be the maximum what you will get back from every deposited BTCs.
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March 07, 2014, 01:58:24 AM
 #229

 A Dorian.  Cheesy
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March 07, 2014, 03:28:40 AM
 #230

A Dorian.  Cheesy

lol dammit, I came to this thread to post "a dorian"
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March 07, 2014, 04:11:54 AM
 #231

Millies, as a friendly form of millibitcoins.

I like it because it goes with Mikes, a friendly form of microbitcoins, and someone is sure to do a nice logo of Millie and Mike.

+1

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March 07, 2014, 04:17:20 AM
 #232

Millies, as a friendly form of millibitcoins.

I like it because it goes with Mikes, a friendly form of microbitcoins, and someone is sure to do a nice logo of Millie and Mike.

+1

"mil", plural "mils", is still the simplest.

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March 07, 2014, 04:18:33 AM
 #233

a hundred thou
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March 07, 2014, 04:22:32 AM
 #234

I always seem to call it a mibit , or mib.  Like, sometimes when donating or tipping some people I'll say "That was worth a few mibs"... hahaha.  It kinda has that sort of "buck" feel in terms of wordflow. 

Anyway, that's my 2 BTCcents

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March 07, 2014, 04:23:39 AM
 #235

How about just a Bit?

EDIT: to also propose the suggestion Bbit (pronounce "bee bit") and to second the suggestion of bitbit.

And just a random suggestion, perhaps the new unit name should belong to the 0.0001 denomination (cent of a cent).  We'll go through fewer names that way, less confusion.  The most useful significant digits will all remain near the decimal point (four to the left, four to the right of it), it could be the only new name we ever need.

I am not sure that SI patterns or prefixes are the way to go.  I occasionally use SI in regular speech just to be geeky (example, I like to say 5 "kilodollars" instead of 5 "grand"), and people look at me like I'm nuts and often don't even know what I mean, even though it should be obvious.  No one seems to expect to see money measured like kilograms or millimeters.

Beyond the currently accepted "satoshi", I don't feel fond of honorary names ("gav" etc.), these seem like they could be a turnoff.

man i like bit
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March 07, 2014, 04:27:18 AM
 #236

1 dorian
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March 07, 2014, 04:28:01 AM
 #237

I propose billi and bicro for 0.001 and 0.000001 BTC respectively.
Rolls off the tongue and it's immediately obvious what each is.

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March 07, 2014, 04:35:51 AM
 #238

I propose billi and bicro for 0.001 and 0.000001 BTC respectively.
Rolls off the tongue and it's immediately obvious what each is.

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You have a head cold?

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March 07, 2014, 04:51:45 AM
 #239

A Dorian
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March 07, 2014, 06:19:49 AM
 #240

microbit
minibit
fbit
fibit
bitfi
bitfive
bittle
bittins

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March 07, 2014, 06:31:03 AM
 #241

A "thousand".
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March 07, 2014, 07:00:11 AM
 #242

Its confusing to use decimal places, we should use satoshi instead to be prepared for deflation the coming years.

0.0000 0001 BTC = 1 satoshi

Btc@100$
1$ = 1M satoshi

Btc@1000$
1$ = 100K satoshi

Btc@10,000$
1$= 10K satoshi

Btc@100,000$
1$= 1K satoshi
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March 07, 2014, 07:04:21 AM
 #243

Link on the first page is not working for me, but I propose:

DORIAN  Grin

For those needing obvious explained:

10^-8 BTc - 1 Satoshi

10^-3 BTC - 1 Dorian

Together: Dorian Satoshi Nakamoto, California Resident Wink
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March 07, 2014, 07:57:50 AM
 #244

We all agree that 1 Bitcoin = 100,000,000 Satoshis

I propose:

100 Satoshis = 1 Earth Federation Space Credit (or just Credit for short)

1000 Credits = 1 Dorian

1000 Dorians = 1 Bitcoin

1000 Bitcoins = 1 Large

1000 Large = 1 Rock (Satoshi's estimated fortune?)

21 Rocks = all of Bitcoin ever
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March 07, 2014, 10:24:40 AM
 #245

We all agree that 1 Bitcoin = 100,000,000 Satoshis

I propose:

100 Satoshis = 1 Earth Federation Space Credit (or just Credit for short)

1000 Credits = 1 Dorian

1000 Dorians = 1 Bitcoin

1000 Bitcoins = 1 Large

1000 Large = 1 Rock (Satoshi's estimated fortune?)

21 Rocks = all of Bitcoin ever

How about…
No.
I don't see this catching on, but thanks for trying to contribute.
Wink

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March 07, 2014, 01:08:43 PM
 #246

Clipped>>
 
What do you think should be the name?  Bitcoin Bonus will send 5 Bitcoins to the person who is the first to submit the winning term
which will be what we end up choosing to use for our site.  We'll issue a full report of all the terms submitted and the number of votes they received.  Multiple entries permitted (each must have a different term per person), submit any term you'd feel comfortable using.

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[/quote]

Your site seems to be busy blowing farm animals. I was thinking to call them a "Naki" (pronounced "nah * kee")