Topic: BitCoin Denomination Naming Conventions for Startups? (Read 2160 times)
Maybe we should name them in more casual way ? Gold BTC silver BTC copper BTC and so on.
There's a thread full of... discussion about what to call stuff. I pointed out that SI units going from the bottom and SI units going from the top are incompatible:
People need to be aware that these don't line up.
Code:
1 BTC = 1000 mBTC
1 mBTC = 1000 uBTC
1 uBTC = 100 credits
1000 credits = 1 kilocred
1000 kilocreds = 1 megacred
100 megacreds = 1 Bitcoin
where 1 'credit' = 1 'satoshi.'1 mBTC = 1000 uBTC
1 uBTC = 100 credits
1000 credits = 1 kilocred
1000 kilocreds = 1 megacred
100 megacreds = 1 Bitcoin
People need to be aware that these don't line up.
I saw someone refer to a .00000001
as a Satoshi, but we seriously need real names after the Millie Coin.
After all SI notation only labels one more of the 8 decimal places we have.
.000001 is one micro coin.
otherwise I guess we have 1 - 99 satoshi
1-999 microcoins
1-9 milliescoins
1-9 centiecoins
1-9 decicoins
Maybe we need 3 more names to start at any decimal place out to 8?
as a Satoshi, but we seriously need real names after the Millie Coin.
After all SI notation only labels one more of the 8 decimal places we have.
.000001 is one micro coin.
otherwise I guess we have 1 - 99 satoshi
1-999 microcoins
1-9 milliescoins
1-9 centiecoins
1-9 decicoins
Maybe we need 3 more names to start at any decimal place out to 8?
+1 for Mille and Mike.
And their Nano who they hardly ever visit and always smells like mothballs and pee.
+1 for Mille and Mike.
Rather than come up with yet another new naming scheme, the (slowly building) consensus is to use SI notation: 1BTC = 1,000 milliBTC = 1,000,000 microBTC. Cutesy names like "millicoins" (or 'millies' for short) and "microcoins" (or "mikes" for short) have also been suggested (I personally like them).
If an e-commerce website wants to list prices less than 1 bitcoin, is there a proper naming convention to follow?
0.1 bitcoin seems depressing to list as the reward price.
Use microcoins. 100,000 micros sounds fairly impressive. 0.1 bitcoin seems depressing to list as the reward price.
At the moment, no. It's an ongoing effort though, and it's actively being worked on.
If an e-commerce website wants to list prices less than 1 bitcoin, is there a proper naming convention to follow?
0.1 bitcoin seems depressing to list as the reward price.
We would rather say 1 MegaBit or 1 MiliBit - is there such a naming practice in existence?
Brad
0.1 bitcoin seems depressing to list as the reward price.
We would rather say 1 MegaBit or 1 MiliBit - is there such a naming practice in existence?
Brad
Jump to: