Author

Topic: 2013-08-28 Daily Mail: 'Bitcoin' in the Oxford English Dictionary (Read 8696 times)

sr. member
Activity: 308
Merit: 250
decentralizedhashing.com
What fun news.  I actually came in to post this myself Smiley

There is another article that doesn't give much info but..

It’s official. Brits are falling out of love with cash, with more than 77% in a new survey thinking that certain coins will have been discontinued within 10 years and 76% anticipating the end of the cheque book.

The news comes as the word “Bitcoin”, the digital currency, is included in the Oxford English Dictionary.

The aforementioned survey of 5,176 people by Loudhouse for WorldPay also found that nearly two-thirds of Brits believe that they will regularly make purchases via their mobile handset or other card payment methods.

Nearly half believe they will be using fingerprint recognition systems to authorise the payment of their household grocery shop.

Another 39% predict that facial recognition or iris-scanning technology will be a feature in a decade, and 32% believe that they will be able to speak to pay.


http://www.londonlovesbusiness.com/business-news/business/brits-say-end-of-coins-is-nigh-as-bitcoin-added-to-dictionary/6196.article
legendary
Activity: 1458
Merit: 1006
Ahh, so "bit" is not a word, but four different words with different entries. Wink

The fourth entry for "bit" is for the contraction of binary digit.

Consider: Would you like a bit of cake? Charlie bit me. The drill bit is coated with diamond. A stream of bits.

http://oxforddictionaries.com/definition/english/bit
http://oxforddictionaries.com/definition/english/bit--2
http://oxforddictionaries.com/definition/english/bit--3
http://oxforddictionaries.com/definition/english/bit--4

I should have taken care to superscript and link the "4". Fixed now.
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
A true milestone. anyone thing we'll see litecoin get added too? LOL.

http://oxforddictionaries.com/definition/english/bitcoin?q=bitcoin

Quote
Origin:
early 21st century: from bit4 + coin


What's a "bit4?"
I dunno  Huh
But I think it is incorrect. The derivation is clearly bit (as in a unit used in computer processing) and coin (as in a currency).

EDIT: I guess it is for all you 4 bit computer users.
http://en.wikipedia.org/wiki/4-bit
hero member
Activity: 526
Merit: 508
My other Avatar is also Scrooge McDuck
A true milestone. anyone thing we'll see litecoin get added too? LOL.

http://oxforddictionaries.com/definition/english/bitcoin?q=bitcoin

Quote
Origin:
early 21st century: from bit4 + coin


What's a "bit4?"
legendary
Activity: 1204
Merit: 1002
Gresham's Lawyer
sr. member
Activity: 298
Merit: 250
legendary
Activity: 1458
Merit: 1006
http://oxforddictionaries.com/definition/english/bitcoin?q=bitcoin

Quote
Definition of bitcoin in English

bitcoin
New words: August 2013

Pronunciation: /ˈbɪtkɔɪn/
noun
[mass noun]


a digital currency in which transactions can be performed without the need for a central bank:
      bitcoin has become a hot commodity among speculators
[count noun] a unit of bitcoin:
      bitcoins can be used for online transactions between individuals

Origin:
early 21st century: from bit⁴ + coin

bitcoin in other Oxford dictionaries:
Definition of bitcoin in the US English dictionary
hero member
Activity: 634
Merit: 500
A good birthday article.
hero member
Activity: 955
Merit: 1002
"Smile! Selfie is in the dictionary: Word among new entries including 'bitcoin', 'twerking' and 'phablet'"

http://www.dailymail.co.uk/news/article-2403509/Smile-Selfie-dictionary-Word-new-entries-including-bitcoin-twerking-phablet.html

Jump to: