Bitcoin Forum
October 21, 2017, 05:58:42 PM *
News: Latest stable version of Bitcoin Core: 0.15.0.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Proposed Bitcoin Nomenclature  (Read 4734 times)
edd
Donator
Legendary
*
Offline Offline

Activity: 1386



View Profile WWW
May 15, 2011, 05:21:29 PM
 #1

1.00000000 = 1 BTC = 1 Bitcoin
0.10000000 = .1 BTC = simply .1 Bitcoins, or 1/10th of a Bitcoin
0.01000000 = .01 BTC = 1 Bitcent
0.00100000 = 1 mBTC = 1 milliBit, or whatever the result of this thread is
0.00010000 = 1 nBTC = 1 nanoBit
0.00001000 = 1 pBTC = 1 planckBit, or 1 pBit
0.00000100 = 1 hBTC = 1 hadronBit, or hadroBit, or 1 hBit
0.00000010 = 1 qBTC = 1 quarkBit, or 1 qBit
0.00000001 = 1 sBTC = 1 Satoshi

Here's my proposed breakdown of Bitcoin currency. I've been giving this some thought ever since I came across Bitcoins and figured now was a good time to get some feedback and see if my arbitrary names will catch on.

Still around.
1508608722
Hero Member
*
Offline Offline

Posts: 1508608722

View Profile Personal Message (Offline)

Ignore
1508608722
Reply with quote  #2

1508608722
Report to moderator
1508608722
Hero Member
*
Offline Offline

Posts: 1508608722

View Profile Personal Message (Offline)

Ignore
1508608722
Reply with quote  #2

1508608722
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1508608722
Hero Member
*
Offline Offline

Posts: 1508608722

View Profile Personal Message (Offline)

Ignore
1508608722
Reply with quote  #2

1508608722
Report to moderator
Nekrobios
Donator
Legendary
*
Offline Offline

Activity: 1694


Bitcoin Maximalist


View Profile
May 15, 2011, 05:28:44 PM
 #2

Why a new name for every decimal point? That seems very troublesome. I’d even find Centibitcoins annoying. This is much simpler:

1.00000000 = 1 BTC = 1 (Bit)coin
0.00100000 = 1 mBTC = 1 Mill(ibitcoin)
0.00000100 = 1 uBTC = 1 Mic(robitcoin)
0.00000001 = 1 sBTC = 1 Sat(oshi)
BioMike
Legendary
*
Offline Offline

Activity: 1415


View Profile
May 15, 2011, 05:30:32 PM
 #3

Indeed, why not use normal SI prefixes? Saves a lot of confusions.
kseistrup
Hero Member
*****
Offline Offline

Activity: 565


Unselfish actions pay back better


View Profile WWW
May 15, 2011, 05:44:20 PM
 #4

1.00000000 = 1 BTC = 1 (Bit)coin
0.00100000 = 1 mBTC = 1 Mill(ibitcoin)
0.00000100 = 1 uBTC = 1 Mic(robitcoin)
0.00000001 = 1 sBTC = 1 Sat(oshi)

+1

I find OP's mixture of SI and non-SI prefixes disturbing and confusing (e.g. using prefix nano in another meaning than 1E-9).

Cheers,

Klaus Alexander Seistrup
http://about.me/kseistrup
LMGTFY
Hero Member
*****
Offline Offline

Activity: 644



View Profile
May 15, 2011, 05:52:49 PM
 #5

SI units make the most sense to me. However...

This is a perennial topic (there's an open thread on this very issue right now, and it certainly isn't the first time it's been discussed). I draw two conclusions from this...

Firstly, people are - naturally - going to come up with their own systems. I've said before that there's a world of difference between someone buying an online postage stamp in Germany (micro-transaction) and a group in Somalia buying a boat from another group. Leaving aside the guns the Somalian pirates have to enforce the transaction (I have a vivid imagination!), there will be differences due to both culture and the size of the transactions (and possibly more that I've not even considered).

Secondly, and leading on from the first, I'm very wary of coming up with some "official" or semi-official system. I'd be hesitant, for example, to update the wiki to include any system developed on this forum. People are going to develop their own systems, and we shouldn't get in the way of that, or create any barriers to their understanding of bitcoin.

This space intentionally left blank.
deadlizard
Member
**
Offline Offline

Activity: 112



View Profile
May 15, 2011, 06:01:37 PM
 #6

1.00000000 = 1 BTC = 1 (Bit)coin
0.00100000 = 1 mBTC = 1 Mill(ibitcoin)
0.00000100 = 1 uBTC = 1 Mic(robitcoin)
0.00000001 = 1 sBTC = 1 Sat(oshi)
It would be best to reinfoce these units as a lot of people already use them.

But is it 100 millies or 10 bitcents?  Tongue

btc address:1MEyKbVbmMVzVxLdLmt4Zf1SZHFgj56aqg
gpg fingerprint:DD1AB28F8043D0837C86A4CA7D6367953C6FE9DC

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!