Topic: Name the 0.0001 BTC unit - 1st POLL - page 4. (Read 5130 times)

absurdobit

They're all shite.

One tenth of a millibit.

I can only pick sbit, but I'm not so clear what 's' mean?

Agreed but should be shortened to slang for Pizza = 'Za'

"That whale owns a Za".

The nice thing with the 10,000 factor is, we have already another one for the upper side (although it sounds more slang than offical):

1 Pizza = 10,000 Bitcoins

I still argue that the canon name was the correct name and that is the one based off Tonal Bitcoin or 1 Tonal is a Bitcoin-Bong
https://en.bitcoin.it/wiki/Tonal_Bitcoin

So regarding its marketing it should be consistent with the principle but I digress

That said of this list the first bitcoin transaction occured between Satoshi and Hal Finney so goes with the Finney

i don like all these name

Exactly, it would need to be a word with no prior common meeting however unfortunately the ones there are in the list are not particularly good 

Don't like it for a few reasons but many one is if someone said "That will cost you a bit" you wouldn't know what they meant ..... you need a word that doesn't have a prior common meaning

+1

We have a winner?

That was pointless, why not just poll all the entries?

Agree, all those suck.

Babybit BTW.

Agree with that. None of the names are short and easy to remember.

OK fair enough, but good luck on the community ever deciding on a name

And also, as the price of BTC increases, if we go the naming route, we'll probably have to name all the other buggers as well

1 finney!!

No. You missed the point of the poll. The point is to do away with naming each decimal place by naming just the 4th since it is the midpoint of the range. We already have Bitcoin for the whole unit and Satoshi for the 8th place. So we can move forward with just three names that will help people to more easily deal with the smaller units.

We'll express values as 50 bits, rather than the bewildering .00500000 bitcoins. This could be used as the new standard unit for everyday transactions. This one name is all we'd need for a very long time since it covers a range of 10,000 units. The benefit of such a naming scheme is that we'd almost always be dealing in whole numbers. Whole numbers are more visually appealing and there's much less of a chance of missing a decimal place and sending a costly erroneous payment.

At the current exchange rate, you can buy 10 bits for $1. So the BIT price would be displayed as $.10 rather than a BTC price of $1000. Many people see this as a refreshing step forward in terms of simplicity and marketability. If the exchanges adopted this scheme, many think that the $.10 price would make it much easier for people to buy in as, again, they'd be dealing in whole numbers of the named midpoint subunit rather than fractions of the main unit.

We are stuck dealing with the smaller units, so why not make it as simple as possible by just naming the 4th place so we can quote prices and payments in convenient whole numbers?

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.

As I said I do not think any new names are necessary but that is not a choice in the poll.

Did you honestly say "decimillibit"? ..... this is how silly this debate is. We are trying to invent words that nobody can spell or say .... when we have numbers already.

I agree that each decimal place doesn't really need its own name.  For me 0.0001 BTC is either 0.1 mBTC (millibitcoins/millibits/em-bits/em-bitcoins - whichever you fancy) or 100 uBTC (microbitcoins/microbits/u-bits).  That being said I chose decimillibit since it follows the same format.