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Author Topic: What to call 0.001 BTC? (5 BTC Bounty)  (Read 54237 times)
marcus_of_augustus
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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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bittersweet
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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.


My Bitcoin address: 1DjTsAYP3xR4ymcTUKNuFa5aHt42q2VgSg
marcus_of_augustus
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May 16, 2011, 05:43:45 AM
 #63


crypts

cryptobit

cryptbit

gigitrix
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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,
just_someguy
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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
steelhouse
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May 16, 2011, 08:37:51 PM
 #67

millicoin
0.001 BTC = 1 mBTC

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

I vote for "BITMILL"
MoonShadow
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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'
Jim Hyslop
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May 17, 2011, 01:39:39 AM
 #70

I like:
Littlebit
Itsy Bit
Teeny Bit
Smidgen

Like my answer? Did I help? Tips gratefully accepted here: 1H6wM8Xj8GNrhqWBrnDugd8Vf3nAfZgMnq
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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 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.
Nesetalis
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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!

ZOMG Moo!
MacFall
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Agorist


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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.

No king but Christ; no law but Liberty!

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kiba
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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.

No king but Christ; no law but Liberty!

Fledge Press: Pro-Liberty Fiction and Art
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tomcollins
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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.
Nesetalis
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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.

ZOMG Moo!
PLATO
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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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