- 1 mid, because it's midway between whole coin and satoshi.
- 1 fee, because fees are currently in this range.
Topic: A new Catchy name for 0.0001 BTC? - page 5. (Read 6546 times)
It should be called 1 fortnight furlongs per hogshead dollar.
having names for smaller denominations is not confusing..
back in the Victorian days the UK had:
farthing £0.0025
penny £0.01
tupence £0.02
shilling £0.05
pound. £1.00
fiver £5.00
tenner £10.00
..and so on
even now the americans have:
penny/cent $0.01
nickel $0.05
dime $0.10
quarter $0.25
dollar/buck $1.00
lincoln $5.00
benjamin $100.00
i do however reject the idea to call a bitcoin anything less then 100000000 satoshi's and i reject calling a satoshi anything more then 0.00000001 bitcoins.
anything else in between can be named something, but knowing human evolution, using the terms microbitcoin and millibitcoins will if fully adopted, be reduced to a mike or milly as people start giving them lazy names using less syllables
back in the Victorian days the UK had:
farthing £0.0025
penny £0.01
tupence £0.02
shilling £0.05
pound. £1.00
fiver £5.00
tenner £10.00
..and so on
even now the americans have:
penny/cent $0.01
nickel $0.05
dime $0.10
quarter $0.25
dollar/buck $1.00
lincoln $5.00
benjamin $100.00
i do however reject the idea to call a bitcoin anything less then 100000000 satoshi's and i reject calling a satoshi anything more then 0.00000001 bitcoins.
anything else in between can be named something, but knowing human evolution, using the terms microbitcoin and millibitcoins will if fully adopted, be reduced to a mike or milly as people start giving them lazy names using less syllables
0.0001 BTC
Lets call it 10,000 Satoshis
How about...
Bitcoin ?
Using names other than Bitcoin - Andresen, Millibit, Satoshi etc will just confuse people.
Instead, redenominate the Bitcoin as 0.0001 BTC and rename the present Bitcoin a Satoshi.
So you will have
1.0 BTC old Bitcoins = 1 Satoshi.
0.0001 BTC old Bitcoins = 1 (new) Bitcoin
Similar to what happened to the Mexican peso, but the other way round.Bitcoin ?
Using names other than Bitcoin - Andresen, Millibit, Satoshi etc will just confuse people.
Instead, redenominate the Bitcoin as 0.0001 BTC and rename the present Bitcoin a Satoshi.
So you will have
1.0 BTC old Bitcoins = 1 Satoshi.
0.0001 BTC old Bitcoins = 1 (new) Bitcoin
1 New Mexican Peso (MXN) = 1000 Old Mexican Pesos (MXP).
I hate all the suggestions so far just for the record. 
How about MicroBTC
or perhaps an alphabetical order so ABTC, BBTC, CCTC? Instead of making a load if different names for each decimal place I feel some degree or order is needed.
How about MicroBTC
or perhaps an alphabetical order so ABTC, BBTC, CCTC? Instead of making a load if different names for each decimal place I feel some degree or order is needed.
It currently has a value of ~0.12 US cents.
A dollar is a dollar even if it is only 0.77EUR. Should be the same for BTC. If mBTC (1/1000 th) is no longer used, then it will get discontinued. Just like 50 cent pieces or 2 dollars.
So what's the penny, nickles, etc equivalents of bitcoins? Make the Satoshi=100BTC?
millicoin informally.
If I was pricing something in print I would just use mBTC.
If I was pricing something in print I would just use mBTC.
Wouldn't millicoin imply 0.001 BTC? (one less decimal place)
Yes. Oops didn't notice the extra zero. Yeah there is no reason to name the 0.0001. It currently has a value of ~0.12 US cents. Nobody is going to use it in conversation or pricing. Saying "the dust threshold is 0.5mBTC" understood by just about everyone. Still not sure why the devs decided to make it 0.543 mBTC I mean it is likely the 0.043 mBTC has any real significance. Just make it a nice round "half mBTC". The min output most miners will accept is half a millicoin.
A skillionth of a whillibit.
0.1 mBTC or 100 uBTC
Maybe a mbtc (which already exists)? 0.001 btc is 1mbtc.
The new minimum will be 10% of an mBTC (sometimes called a millibit)
.01 is often called a "bitcent"
I think people are OK with slang terms ... consider the USD, people use the term "buck" "dime" "quarter" "penny" comfortably etc.
In the UK the term "quid" means 1GBP and "monkey" means 500 GBP
Dealing with fractions is mentally taxing, having easy to remember terms can help ... and maybe even get into the bitcoin dictionary!
I agree. This is far too urgent to put off until people come up with their own slang terms, we must decide this now, once and for all. It is also a matter too important to let languish in any of the hundred other threads, we should each make one new thread about it.
How about 4bit? This would be in line with a broader convention that abbreviates the number of decimal place shifts. So 2bit would be 0.01, 3bit would be 0.001, and so on.
millicoin informally.
If I was pricing something in print I would just use mBTC.
If I was pricing something in print I would just use mBTC.
Wouldn't millicoin imply 0.001 BTC? (one less decimal place)
millicoin informally.
If I was pricing something in print I would just use mBTC.
If I was pricing something in print I would just use mBTC.
I call it "Point zero zero zero one Bitcoins"
How about...
Bitcoin ?
Using names other than Bitcoin - Andresen, Millibit, Satoshi etc will just confuse people.
Instead, redenominate the Bitcoin as 0.0001 BTC and rename the present Bitcoin a Satoshi.
So you will have
1.0 BTC old Bitcoins = 1 Satoshi.
0.0001 BTC old Bitcoins = 1 (new) Bitcoin
Bitcoin ?
Using names other than Bitcoin - Andresen, Millibit, Satoshi etc will just confuse people.
Instead, redenominate the Bitcoin as 0.0001 BTC and rename the present Bitcoin a Satoshi.
So you will have
1.0 BTC old Bitcoins = 1 Satoshi.
0.0001 BTC old Bitcoins = 1 (new) Bitcoin
Yeah, that won't confuse people, I'm sure...
How about...
Bitcoin ?
Using names other than Bitcoin - Andresen, Millibit, Satoshi etc will just confuse people.
Instead, redenominate the Bitcoin as 0.0001 BTC and rename the present Bitcoin a Satoshi.
So you will have
1.0 BTC old Bitcoins = 1 Satoshi.
0.0001 BTC old Bitcoins = 1 (new) Bitcoin
Bitcoin ?
Using names other than Bitcoin - Andresen, Millibit, Satoshi etc will just confuse people.
Instead, redenominate the Bitcoin as 0.0001 BTC and rename the present Bitcoin a Satoshi.
So you will have
1.0 BTC old Bitcoins = 1 Satoshi.
0.0001 BTC old Bitcoins = 1 (new) Bitcoin
Maybe a mbtc (which already exists)? 0.001 btc is 1mbtc.
Since the new update will make it impractical so send one "Satoshi" it looks like the lowest practical amount to send will be:
0.0001 BTC
Many people have come to me saying they like bitcoin but find the fractions hard to deal with.
Is there a name for one tenth of a "millibit"
If not, can we think of a new catchy name?
"One Andresen"?
0.0001 BTC
Many people have come to me saying they like bitcoin but find the fractions hard to deal with.
Is there a name for one tenth of a "millibit"
If not, can we think of a new catchy name?
"One Andresen"?
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