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Author Topic: What to call 0.001 BTC? (5 BTC Bounty)  (Read 54325 times)
ISA
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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!


Get Bitcoins for your purchases!  https://bitcoinbonus.com
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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
 #128

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
Means: Code, donations, and brutal criticism. I've got a thick skin. 1Gc3xCHAzwvTDnyMW3evBBr5qNRDN3DRpq
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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

If my post has been useful, you might want to donate: 1V7zr2jmQQXS5gv2kKNpUkgG6qmDffTZp
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June 04, 2011, 10:47:00 PM
 #137

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
Means: Code, donations, and brutal criticism. I've got a thick skin. 1Gc3xCHAzwvTDnyMW3evBBr5qNRDN3DRpq
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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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