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Author Topic: What to call 0.001 BTC? (5 BTC Bounty)  (Read 54385 times)
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.

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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?

Proposal: http://forum.bitcoin.org/index.php?topic=11541.msg162881#msg162881
Inception: https://github.com/bitcoin/bitcoin/issues/296
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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"?
Grin


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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
http://www.youtube.com/watch?v=GllEDACUbNo

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
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    [comment] => 0
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    [vid] => 5194
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    [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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