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Author Topic: What to call 0.001 BTC? (5 BTC Bounty)  (Read 54316 times)
lacedwithkerosene
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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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grue
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May 14, 2011, 07:26:31 PM
 #22

point zero zero one bee tee see

It is pitch black. You are likely to be eaten by a grue.

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wb3
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May 14, 2011, 07:35:54 PM
 #23

0.001 BTC = 1 mBTC


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Net Worth = 0.10    Hah, "Net" worth Smiley
FreeMoney
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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
kseistrup
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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/

Cheers,

Klaus Alexander Seistrup
http://about.me/kseistrup
roy
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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
mewantsbitcoins
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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

A party at the Playboy mansion?

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
smartazz
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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.

http://bc.x14.eu/sigs/f8ae58c9.png (http://bc.x14.eu/s/103)
bitgold
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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"

carbonpenguin
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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!
runcible2011
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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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cschmitz
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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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roy
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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.
Gavin Andresen
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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
DukeOfEarl
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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.
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