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Topic: Name the 0.0001 BTC unit - 1st POLL - page 2. (Read 5136 times)

hero member
Activity: 518
Merit: 500
January 07, 2014, 01:14:02 AM
#71
The name for 10k satoshis (or 1/10k bitcoins) should be myriabits (from myriad meaning 10 thousand). It's poetic, symmetric, concise and clear (except, admittedly, liable to be confused with millibits).

-- FK

The contest to propose a name for the 0.0001 BTC unit continues! Details below....

Please read carefully:

The name list in the poll is set in stone. The primary criteria that held sway was the number of recommendations (including duplicate or similar submissions) for each name, followed by terseness and marketability. That said, I thought some of the suggestions that didn't make the cut were pretty good, but these to some degree or another seemed to spark more interest from the community.

So... please go ahead and vote for whichever name you feel is "best", based on your own personal criteria/preferences/etc. You also get a second vote if you want to throw your weight behind another name in case your first choice doesn't get into the final four (I strongly recommend doing so.) Note that you will not be able to change your votes! Feel free to comment on the choices, or to make the case for one choice over others. As usual, please stay on topic, etc.

Voting will be closed and the thread locked at 23:59:59 CST (GMT-6) on Wednesday, January 8. Shortly thereafter the final poll presenting the final four names will be posted. The final four will be chosen from the highest-voted names that are not found to be obviously flawed (see first thread for examples.)

One final thought: keep in mind that a name for the unit wouldn't necessarily be used as-is; variations of it, or even abbreviations or prefixes derived from it could just as well take hold.

With that, we're off. May the best name win!


Quote from: Credits
bip - arcke
bit - jakioflap
bitdime - amincd
bitski - Bobsurplus
decimillibit - Lorum_Ipsum
finney - bassclef
littlebit - Steef
man/maan-satoshi - wjmilne
minicoin - gbianchi
nakamoto - HairyMaclairy
pbit - Glynn
sbit - arcke


I'm sorry, but "myriabits" is pretty awful as well. This is more like a thread for "worse names we can think of" than "best ones"
hero member
Activity: 924
Merit: 1001
January 07, 2014, 01:06:21 AM
#70
In the end, none of this is going to matter.

The entrepreneurs / startups / businesses which are building services on top of Bitcoin are going to decide how things are named.

And I am willing to bet they will simply find a way to put a different "Mask" on the "0.0002893298" display.   

It will look easy, simple, basic, and catchy to understand.

Its those parties which will be coming up with the marketing for Bitcoin.
legendary
Activity: 952
Merit: 1005
--Signature Designs-- http://bit.ly/1Pjbx77
January 07, 2014, 01:01:51 AM
#69
I don't think the name should have the syllable “bit” in any way, considering that it will be confused with “bitcoin” itself.

I agree, I would have voted for these, if they were in the poll:
- Yorozu
- Myriad
- Genesis

and "Yorozu" and "Myriad" both actually mean "ten thousand"
(I doubt the OP actually looked them up before discarding them)

I would have thought the 3 above should at least be better than "minicoin/pbit/sbit"??

Too bad... but this poll is only for fun anyway...

full member
Activity: 216
Merit: 250
January 07, 2014, 12:14:50 AM
#68
Bitcoin/Bit/Satoshi is the way to go. Each range of 4 decimal places will cover 10,000 units, which is easy to remember, and the names are easy to say. And look at this beautiful little thing below. You can express this whole naming scheme in two lines!

1 Bitcoin = 10,000 Bits
1 Bit = 10,000 Satoshis

Simplicity. Marketability. Roll-off-the-tongue-ness.

I like this, but the amounts wouldn't make sense to people in terms of most transactions, buying a coffee would cost 100 bits ?
(emphasis mine) That must be a good coffee, at around $10 USD, but check this out, a cheap cup of coffee, around $1 USD, costs around 100 Japanese Yen.  People can be cool with that.
full member
Activity: 216
Merit: 250
January 07, 2014, 12:00:19 AM
#67
Bitcoin/Bit/Satoshi is the way to go. Each range of 4 decimal places will cover 10,000 units, which is easy to remember, and the names are easy to say. And look at this beautiful little thing below. You can express this whole naming scheme in two lines!

1 Bitcoin = 10,000 Bits
1 Bit = 10,000 Satoshis

Simplicity. Marketability. Roll-off-the-tongue-ness.
That really sums up the utility of using this particular break (0.0001 BTC), and bits is just the simplest, most useful sounding term for it... it even was once used to specify US currency at almost the current value (12.5 cents, right?)  This should be the quick intro, and for anyone wanting the long justification, hit the old reddit thread about it: http://www.reddit.com/r/Bitcoin/comments/1rmto3/its_bits/
hero member
Activity: 658
Merit: 500
January 06, 2014, 11:53:08 PM
#66
I don't think the name should have the syllable “bit” in any way, considering that it will be confused with “bitcoin” itself. That's why I voted for finney and man.

On the other hand, if we did want to have “bit” in the names, then we should just stick to SI prefixes.
full member
Activity: 154
Merit: 100
January 06, 2014, 11:12:26 PM
#65
It appears that most names in the poll are inadequate.

I'd call the whole thing void and start over with proper contenders - grambit is a great name - why was it not included.......
hero member
Activity: 686
Merit: 500
January 06, 2014, 11:06:28 PM
#64
i like the bitdime
sr. member
Activity: 406
Merit: 251
http://altoidnerd.com
January 06, 2014, 11:05:16 PM
#63
Then 4100 BTC should be one "Tradefortress" and 6000 BTC one "new forum."

sr. member
Activity: 321
Merit: 250
January 06, 2014, 10:19:45 PM
#62
call it a radeon!
newbie
Activity: 33
Merit: 0
January 06, 2014, 10:17:13 PM
#61
"bit" will never catch on for this unit, without context it is not specific enough to be clear what is meant by "bit". so it becomes useless to have this unit and still often be providing the context that we are talking about sub-units of BITCOIN.

However, for example "satoshi" and "finney" are specific enough that can be used without the context (only context is something countable) and everybody knows what they are.

Furthermore, if

1 XBT = 10,000 finneys
and
1 finney = 10,000 satoshis

and both sub-units are derived from people names
...it's perfect.

It's obvious, it's going to be finney.
legendary
Activity: 1937
Merit: 1001
January 06, 2014, 10:08:51 PM
#60
.00000001 BTC = 1 satoshi
.0000001 BTC = 10 satoshi
.000001 BTC = 1 uBTC (micro)
.00001 BTC = 10 uBTC
.0001 BTC = 100 uBTC
.001 BTC = 1 mBTC (milli)
.01 BTC = 10 mBTC
.1 BTC = 100 mBTC
1 BTC = 1 BTC
10 BTC = 10 BTC
100 BTC = 100 BTC
1.000 BTC = 1 kBTC (kilo)
10.000 BTC = 10 kBTC
100.000 BTC = 100 kBTC
1.000.000 BTC = 1 MBTC (mega)
10.000.000 BTC = 10 MBTC



Why make it harder than needed?

This
hero member
Activity: 938
Merit: 501
January 06, 2014, 09:19:34 PM
#59
Guys! And girls offcourse  Cheesy
Stop making stuppid names..  Angry There is no need for more names!  Wink

.00000001 BTC = 1 satoshi
.0000001 BTC = 10 satoshi
.000001 BTC = 1 uBTC (Micro)
.00001 BTC = 10 uBTC
.0001 BTC = 100 uBTC
.001 BTC = 1 mBTC (Milli)
.01 BTC = 10 mBTC
.1 BTC = 100 mBTC
1 BTC = 1 BTC
10 BTC = 10 BTC
100 BTC = 100 BTC
1.000 BTC = 1 KBTC (Kilo)
10.000 BTC = 10 KBTC
100.000 BTC = 100 KBTC
1.000.000 BTC = 1 MBTC (Mega)
10.000.000 BTC = 10 MBTC

Why should it be centered around the 1.00000000 (100000000) instead of 0.00000001 (1)?
Bitcoin is storing the value as integer anyway.
______________________________________________________________________________
¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯
00000000.00000001 = 1 satoshi(1 s or 1 sat)
00000000.00000010 = 10 satoshi(10 s or 10 sat)
00000000.00000100 = 100 satoshi(100 s or 100 sat)
00000000.00001000 = 1 kilo-satoshi(1 ks or 1 ksat)
00000000.00010000 = 10 kilo-satoshi(10 ks or 10 ksat)
00000000.00100000 = 100 kilo-satoshi(100 ks or 100 ksat)
00000000.01000000 = 1 mega-satoshi(1 Ms or 1 Msat)
00000000.10000000 = 10 mega-satoshi(10 Ms or 10 Msat)
00000001.00000000 = 100 mega-satoshi(100 Ms or 100 Msat)
00000010.00000000 = 1 giga-satoshi(1 Gs or 1 Gsat)
00000100.00000000 = 10 giga-satoshi(10 Gs or 10 Gsat)
00001000.00000000 = 100 giga-satoshi(100 Gs or 100 Gsat)
00010000.00000000 = 1 terasatoshi(1 Ts or 1 Tsat)
00100000.00000000 = 10 tera-satoshi(10 Ts or 10 Tsat)
01000000.00000000 = 100 tera-satoshi(100 Ts or 100 Tsat)
10000000.00000000 = 1 peta-satoshi(1 Ps or 1 Psat)
20999999.97690000 ~ 2.1 peta-satoshi(2.1 Ps or 2.1 Psat, it's already beautiful!)
______________________________________________________________________________
¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯
So I think this is the future-proof way to go.
member
Activity: 70
Merit: 10
January 06, 2014, 06:57:10 PM
#58
Guys! And girls offcourse  Cheesy
Stop making stuppid names..  Angry There is no need for more names!  Wink

.00000001 BTC = 1 satoshi
.0000001 BTC = 10 satoshi
.000001 BTC = 1 uBTC (Micro)
.00001 BTC = 10 uBTC
.0001 BTC = 100 uBTC
.001 BTC = 1 mBTC (Milli)
.01 BTC = 10 mBTC
.1 BTC = 100 mBTC
1 BTC = 1 BTC
10 BTC = 10 BTC
100 BTC = 100 BTC
1.000 BTC = 1 KBTC (Kilo)
10.000 BTC = 10 KBTC
100.000 BTC = 100 KBTC
1.000.000 BTC = 1 MBTC (Mega)
10.000.000 BTC = 10 MBTC
newbie
Activity: 40
Merit: 0
January 06, 2014, 03:28:16 PM
#57
or 1000BTC = 1 Megacoin...  Shocked

lol

But that would also be ridiculous...it would be kBTC or killibitcoin...mega is 106 of a quantity, or one million bitcoins.

Why can't we just use SI? These names already exist for a reason.

Well the goal should be marketability and catchiness, not what is mathematically correct. People put a lot of research into choosing titles of books and movies for a reason, it's because the name can have importance in how much people value it. Milibit is not catchy.
legendary
Activity: 1176
Merit: 1280
May Bitcoin be touched by his Noodly Appendage
January 06, 2014, 03:26:04 PM
#56
sr. member
Activity: 370
Merit: 250
January 06, 2014, 03:19:59 PM
#55
Let's call it a facgtthunlu
+2 facgtthunlu

donator
Activity: 1218
Merit: 1015
January 06, 2014, 03:13:16 PM
#54
Let's call it a facgtthunlu
sr. member
Activity: 406
Merit: 251
http://altoidnerd.com
January 06, 2014, 03:08:54 PM
#53
or 1000BTC = 1 Megacoin...  Shocked

lol

But that would also be ridiculous...it would be kBTC or killibitcoin...mega is 106 of a quantity, or one million bitcoins.

Why can't we just use SI? These names already exist for a reason.
member
Activity: 84
Merit: 10
January 06, 2014, 02:20:43 PM
#52
These are all kind of bad imo. I'd rather just have microBTC (uBTC).
I've also heard the term bitcent around, and I think that sounds the best.
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