Topic: Contest to name the 0.0001 BTC unit (0.1 BTC prize!) - page 3. (Read 8634 times)
Also 'nanobit', 'splitbit', 'fragbit'.
Really, not because it was my idea, but so far I think the best and most marketable way to denominate bitcoin is to use the threeObitcoin, fourObitcoin, ... whatever number of zeros are after the decimal point before the first bit.
Bitcoin is used by regular people too (at least hopefully it will be used), not only by you guys, who are staying on these forums all day, and are experts in mining, programmers, mathematicians, etc. Common people understand easiest something which is DESCRIPTIVE. On the other hand if we start to give names like satoshi to each fraction on bitcoins I bet that even we are going to be messed up about all the denomination (remember, we are talking about a very unusual currency with a lot of decimals).
Also, I'd like the emphasize again the importance of having the wording BITCOIN in the denomination. Crypto currencies are still not safe from banks and governments, basically they'll always be against their interest. So I think is crucial to make them MORE AND MORE popular for the common people also (not only some experts, miners, traders), in order to make it un-stopable. It has to be a social thing, people should understand it easy, etc.
Bitcoin is used by regular people too (at least hopefully it will be used), not only by you guys, who are staying on these forums all day, and are experts in mining, programmers, mathematicians, etc. Common people understand easiest something which is DESCRIPTIVE. On the other hand if we start to give names like satoshi to each fraction on bitcoins I bet that even we are going to be messed up about all the denomination (remember, we are talking about a very unusual currency with a lot of decimals).
Also, I'd like the emphasize again the importance of having the wording BITCOIN in the denomination. Crypto currencies are still not safe from banks and governments, basically they'll always be against their interest. So I think is crucial to make them MORE AND MORE popular for the common people also (not only some experts, miners, traders), in order to make it un-stopable. It has to be a social thing, people should understand it easy, etc.
How about 'semibit', 'fracbit' as in fraction of, 'grambit' or 'fairbit'
Since Hal 'Finney' has drawn attention it's reasonable to look at variations. In actual usage a shorter 1-syllable name would often be substituted:
1 hal
1 fin
1 finn
There's also a combination:
1 halfin (or halfinn)
This has probably been mentioned earlier, but I've been pushing for "bits" for about a year now
Mhmm I wonder why.
This has probably been mentioned earlier, but I've been pushing for "bits" for about a year now
I've wanted to call it minicoin too. Or maybe a centcoin.
Simple!
Son of a bit
or
Bitski
Son of a bit
or
Bitski
Someone should really put up a page or a wiki somewhere with all the denominations known for each digit place:
10,000.00000000 = 1 pizza
1.00000000 = 1 bitcoin
0.01000000 = 1 bitcent/centibit (cBTC?)
0.00100000 = 1 millibitcoin (mBTC)
0.00010000 = 1 finney
0.00000100 = 1 microbitcoin (uBTC)
0.00000001 = 1 satoshi
10,000.00000000 = 1 pizza
1.00000000 = 1 bitcoin
0.01000000 = 1 bitcent/centibit (cBTC?)
0.00100000 = 1 millibitcoin (mBTC)
0.00010000 = 1 finney
0.00000100 = 1 microbitcoin (uBTC)
0.00000001 = 1 satoshi
But there are no accepted denominations, except for bitcoin and satoshi. Any wiki page put up would be edited 10 times a day
threezerobitcoin, trizebitcoin, triobitcoin, trinbitcoin, trinubitcoin, trizibitcoin, trezebitcoin - or some other variation of the same theme; the idea is that 0.0001 is composed of THREE ZEROS (000) followed by one bit (1); of course variations are written as they are pronounced, not gramatically p
I would like to give some feedback on this. Using “three” as the name of 0.0001 is misleading, because mathematically it's 10-4, so it should use “four” or some variation of it as part of its name.
A consensus for the .0001 bitcoin, could evolve from the terminology around basis points. Without adding any new nomenclature, a bitcoin moving one basis point moves 0.0001 bitcoin = 1 btc bp. One basis point is a pip. So, 1 bitcoin pip = 0.0001 btc = 1 btc pip = 1 btc basis point = 1 btc bps.
One could consider names:
.0001 bitcoins = bitcoin pip
.0001 bitcoins = btc pip
.0001 bitcoins = bit pip
"Bitcoin pip" is not a new identifier since a pip is already defined as 1/100 of 1%, and "Bitcoin pip" describes a pip, not a type of bitcoin. Besides, if "Bit pip" were to work as new nomenclature, then bp would be the abbreviation which already means basis point.
That is the context for proposing that a 1 basis point move, a bitcoin pip, be called a pip bit = 1/100 of 1% of 1 bitcoin = 1 pbit = 1 pb .
PS - How do I modify the site's spell checker to accept the word "bitcoin" as a correct spelling? (by modifying my browser's dictionary)
One could consider names:
.0001 bitcoins = bitcoin pip
.0001 bitcoins = btc pip
.0001 bitcoins = bit pip
"Bitcoin pip" is not a new identifier since a pip is already defined as 1/100 of 1%, and "Bitcoin pip" describes a pip, not a type of bitcoin. Besides, if "Bit pip" were to work as new nomenclature, then bp would be the abbreviation which already means basis point.
That is the context for proposing that a 1 basis point move, a bitcoin pip, be called a pip bit = 1/100 of 1% of 1 bitcoin = 1 pbit = 1 pb .
PS - How do I modify the site's spell checker to accept the word "bitcoin" as a correct spelling? (by modifying my browser's dictionary)
Mc
I'd take some letters from "Satoshi" and some from "bit", so I propose SHIT.
that sounds like it could be a bit-shit
… ...
II.) Shortly after the deadline, a new thread will be started; it will host a poll of the top twelve names. Comments and suggested modifications on the names will be sought in the thread, along with votes. The top twelve names will be selected for the poll from this thread, based on: apparent popularity in this thread, terseness (fewer syllables is generally better,) lack of obvious faults (a name that's offensive in German probably isn't going to make it,) reflection of related technical or liberty-oriented themes, ease of pronunciation, general marketability, and my own personal bias (I'll try to eliminate it, but let's be upfront: some bias will probably still slip through.) Until the next thread is posted, this contest may be cancelled due to lack of interest or other relevant circumstance. But once that next thread is posted, you can presume I'm 100% committed to giving someone the 0.1 BTC.
Voting and comments for the poll will be open untilJanuary 18 January 8, 23:59:59 CST.
… ...
II.) Shortly after the deadline, a new thread will be started; it will host a poll of the top twelve names. Comments and suggested modifications on the names will be sought in the thread, along with votes. The top twelve names will be selected for the poll from this thread, based on: apparent popularity in this thread, terseness (fewer syllables is generally better,) lack of obvious faults (a name that's offensive in German probably isn't going to make it,) reflection of related technical or liberty-oriented themes, ease of pronunciation, general marketability, and my own personal bias (I'll try to eliminate it, but let's be upfront: some bias will probably still slip through.) Until the next thread is posted, this contest may be cancelled due to lack of interest or other relevant circumstance. But once that next thread is posted, you can presume I'm 100% committed to giving someone the 0.1 BTC.
Voting and comments for the poll will be open until
… ...
Well, who have the right to decide the top 12 names ? To make it really fair, how about to put all the names to the poll ?
Call it a Bittlet
Matoshi
Yorozu (ybtc)
Elebit (ebtc)
wibit (wbtc)
Yorozu (ybtc)
Elebit (ebtc)
wibit (wbtc)
pip bit = 1/100 of 1% of 1 bitcoin = 1 pbit = 1 pb
+
Mansat
Finney
threezerobitcoin, trizebitcoin, triobitcoin, trinbitcoin, trinubitcoin, trizibitcoin, trezebitcoin - or some other variation of the same theme; the idea is that 0.0001 is composed of THREE ZEROS (000) followed by one bit (1); of course variations are written as they are pronounced, not gramatically p
My personal favorite is triobitcoin or threeObitcoin (toBTC). I think that it would be very important to add the word bitcoin into this, instead of calling it satoshi, jimmyes, etc... because it will help promote the currency and make more people familiar with it. Let's not forget that the more people are going to use, the more places it is going to be used the less chances are that govs will be able to stop it.
The other reason why I really like this version is that many people have problems remembering the number of zeros following the decimal point. This way the denomination would actually contain it, so there would be no missunderstanding.
bitpence (altough pence should refer to 1/100 part of it)
biteight/eightbit - because if we reverse the decimal part of 0.0001, we get 1000 and that's the binary equivalent of 8 (I think nothing represents more a digital coin that including in its name some binary stuff). This I think it's to advanced and many people will not understand it easily.
My personal favorite is triobitcoin or threeObitcoin (toBTC). I think that it would be very important to add the word bitcoin into this, instead of calling it satoshi, jimmyes, etc... because it will help promote the currency and make more people familiar with it. Let's not forget that the more people are going to use, the more places it is going to be used the less chances are that govs will be able to stop it.
The other reason why I really like this version is that many people have problems remembering the number of zeros following the decimal point. This way the denomination would actually contain it, so there would be no missunderstanding.
bitpence (altough pence should refer to 1/100 part of it)
biteight/eightbit - because if we reverse the decimal part of 0.0001, we get 1000 and that's the binary equivalent of 8 (I think nothing represents more a digital coin that including in its name some binary stuff). This I think it's to advanced and many people will not understand it easily.
Call it a Bittlet
Matoshi
Yorozu (ybtc)
Elebit (ebtc)
wibit (wbtc)
Yorozu (ybtc)
Elebit (ebtc)
wibit (wbtc)
pip bit = 1/100 of 1% of 1 bitcoin = 1 pbit = 1 pb
pip bit = 1/100 of 1% of 1 bitcoin = 1 pbit = 1 pb
I would keep the japanese theme, japanese for 10000 is "man"
Matoshi
If worried about getting mixed up with "milli" or "micro", could use:
Yorozu (ybtc)
From the denominated bitcoin perspective:
Elebit (ebtc)
Element of Bitcoin
Rather comical as in "wee bit":
wibit (wbtc)
Matoshi
If worried about getting mixed up with "milli" or "micro", could use:
Yorozu (ybtc)
From the denominated bitcoin perspective:
Elebit (ebtc)
Element of Bitcoin
Rather comical as in "wee bit":
wibit (wbtc)
iBTC - the bitcoin becomes personal .
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