Note, this poll won't accomplish anything. It is flawed in design, since it has a significant selection bias towards people who read forums and participate in discussions in places such as reddit.
The number of people who will see this poll at all is very small compared to the number of people using the word "bits" in conversations. The number of people who will respond to this poll is very small compared to the number of people actually responding to this poll.
Topic: Let's decide how much is 1 bit - page 2. (Read 1610 times)
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Theres no other name for 100 dollars either . . . Lots of people say "1 grand" or something to 1000 USD while 100 USD are just... 100 USD
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Theres no other name for 100 dollars either . . . Lots of people say "1 grand" or something to 1000 USD while 100 USD are just... 100 USD
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Where I live, people can be heard referring to 100 USD as any of the following:
- C note
- C's
- Benjamin
- Benny
- Black
- hundred
- hundo
- hunnerd
Also, the word hundred is frequently just dropped entirely. As an example, $453 might be pronounced:
"Four fifty-three".
1 bit is either 0 or 1. so it should be the smallest digit.
Yes, but the most common use of bit is in the binary number system - so it seems awkward to me applying it to a currency that is expressed in decimal.
We already have Satoshi as the smallest denomination. Why not just keep that? Bitcoin and Satoshi are enough.
ya.ya.yo!
Some people use bit as synonym for bitcoin.
Who are these people?
1 bit is 1 if setted to high, and 0 if setted to low.
dont make things confuse, bits can be all sort of things and will cause confusion if widespread
dont make things confuse, bits can be all sort of things and will cause confusion if widespread
This. A bitcoin is commonly referred to as a "coin" where I live and a microbitcoin is commonly referred to as 100 satoshi.
Theres no other name for 100 dollars either. If at all, then there should be a name for 1000 satoshi. Lots of people say "1 grand" or something to 1000 USD while 100 USD are just... 100 USD, same for Satoshi.
Is doesn't even matter for financial software, bookkeeping or anything either, just use satoshis, neither of those things need a decimal.
How some of you might say "there is 1 cent at well, not only 1 dollar". Yes, but what if we one day need to increase decimals due to widespread adoption? Woudn't if be more useful to then be able to use the decimal point after the 8th decimal place (the satoshi?). If sure would, and since bitcoin will become deflationary eventually, why not think about the future.
1 bit is either 0 or 1. so it should be the smallest digit.
1 bit is 1 if setted to high, and 0 if setted to low.
dont make things confuse, bits can be all sort of things and will cause confusion if widespread
dont make things confuse, bits can be all sort of things and will cause confusion if widespread
Some people use bit as synonym for bitcoin.
Who are these people?
Some people use bit as synonym for bitcoin.
Who are these people?
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It's already pretty much a standard:
http://blog.bitpay.com/2014/05/02/bitpay-bitcoin-and-where-to-put-that-decimal-point.html
http://blog.bitpay.com/2014/05/02/bitpay-bitcoin-and-where-to-put-that-decimal-point.html
I'd hardly say standard, but all these different units are likely to become very confusing for people in the future. I prefer referring to things in Satoshis. I hope it doesn't hinder adoption.
It's already pretty much a standard:
http://blog.bitpay.com/2014/05/02/bitpay-bitcoin-and-where-to-put-that-decimal-point.html
DannyHamilton at this thread https://bitcointalksearch.org/topic/how-much-is-1-bit-617549 says that everybody he knows use bit for bitcoin. Others disagree with him. That's why I set this poll. http://blog.bitpay.com/2014/05/02/bitpay-bitcoin-and-where-to-put-that-decimal-point.html
It's already pretty much a standard:
http://blog.bitpay.com/2014/05/02/bitpay-bitcoin-and-where-to-put-that-decimal-point.html
http://blog.bitpay.com/2014/05/02/bitpay-bitcoin-and-where-to-put-that-decimal-point.html
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Calling 1 Bitcoin 1 bit is pretty confusing to me. It's not that difficult to just say 1 Bitcoin or coin or BTC etc. A bit to me implies a smaller denomination.
Some people use bit as synonym for bitcoin. Others use it as synonym for microbitcoin. Still others are against either usage. Let's decide!
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