Topic: [POLL] End the 'bit' controversy: What to (nick)name 100 Satoshi / 1 µXBT (Read 7710 times)
November 12, 2014, 05:53:49 PM
I'm not sure where you are up to with this pole as I've just come across it but what ever name is given to an amount of satoshi, shouldnt it be unique and not named after a countries currency such as cent, penny euro. It seems fitting that something so new, so unique and so different than anything before it, should have its own names for different values. It just seems the right thing to do.
November 11, 2014, 10:32:19 AM
bits is cool. give two fraction to amounts, easy to convert from BTC to bits
case closed
case closed
July 21, 2014, 12:35:41 PM
No matter what it's officially named, those using it in the Hood may refer to it as some other, i.e. Bitchin (changing only one letter).
"Mayn, check out my CHEDDA BLOCK! Dem bitchins to da ceilin' 'n all conform'd."
http://www.urbandictionary.com/define.php?term=Chedda%20Block
"Mayn, check out my CHEDDA BLOCK! Dem bitchins to da ceilin' 'n all conform'd."
http://www.urbandictionary.com/define.php?term=Chedda%20Block
July 21, 2014, 11:35:13 AM
Why don't you add "bit" like multiple people have asked?
The only reason you would not is that you know it would win the vote. Prove me wrong.
+1The only reason you would not is that you know it would win the vote. Prove me wrong.
Awful choices, awful poll.
This.
You just will not give up and accept that the majority now believes that "bit" is the best term on the table, or at least the least shitty one of the lot.
I really hope no one converts to bits or any others maybe when talking to friends and family or people about BItcoin to make it more simple for them but not in a Bitcoin environment.
July 21, 2014, 11:31:11 AM
Why don't you add "bit" like multiple people have asked?
The only reason you would not is that you know it would win the vote. Prove me wrong.
+1The only reason you would not is that you know it would win the vote. Prove me wrong.
Awful choices, awful poll.
This.
You just will not give up and accept that the majority now believes that "bit" is the best term on the table, or at least the least shitty one of the lot.
EDIT
I didn't even notice that some idiot necroed this old thread, can we please let it die?
July 21, 2014, 10:56:48 AM
100 satoshi = 1 hash collision (on http://www.distributed.net/Main_Page ) 
July 21, 2014, 10:28:50 AM
Colloquial terms will vary by culture.
The question of what unit to use and what name to give it will depend on the economic context and local culture.
As far as what I want my Bitpay invoices and coinbase balance to show me, it's microbitcoins...which I call bits...but if I were buying a car or house, I'd use the unit and name bitcoins.
The question of what unit to use and what name to give it will depend on the economic context and local culture.
As far as what I want my Bitpay invoices and coinbase balance to show me, it's microbitcoins...which I call bits...but if I were buying a car or house, I'd use the unit and name bitcoins.
July 21, 2014, 10:00:17 AM
I agree keep it simple. Everyone knows what is 100 satoshi and changing it will just lead to mass confusion. Why do people want to change things all the time? TO feel part of Bitcoin?
July 21, 2014, 09:58:38 AM
100 satoshi.
Don't need a new name for every decimal
Don't need a new name for every decimal
July 21, 2014, 07:45:05 AM
We are writing the year 2020.
Customer buys some vegetables.
Cashier "That's 15 mikes and 38 satoshis, please."
Customer "Here." *beep*
Customer is talking to bank clerk
Customer "I've got a 25 mils I'd like to invest for a few months. Can you help me there, please ?"
Good naming?
Of course, I'm assuming here, 1BTC = 1000 mils = 1000000 mikes and 1 mike = 100 satoshi.
Customer buys some vegetables.
Cashier "That's 15 mikes and 38 satoshis, please."
Customer "Here." *beep*
Customer is talking to bank clerk
Customer "I've got a 25 mils I'd like to invest for a few months. Can you help me there, please ?"
Good naming?
Of course, I'm assuming here, 1BTC = 1000 mils = 1000000 mikes and 1 mike = 100 satoshi.
May 24, 2014, 03:11:58 PM
Why don't you add "bit" like multiple people have asked?
The only reason you would not is that you know it would win the vote. Prove me wrong.
+1The only reason you would not is that you know it would win the vote. Prove me wrong.
Awful choices, awful poll.
May 24, 2014, 02:16:07 PM
added it
May 24, 2014, 01:48:48 PM
One suggestion brought up in 2011 is "oros", derived from the Esperanto word for "golden".
May 24, 2014, 01:45:31 PM
... microbits (or bits for short).
Fail!
It should be crystal clear by now that, as an abbreviation for microbitcoin, "bit" is an appauling suggestion. Ask any
I believe the bedrock of the argument in favour of "bit" is as a wholly new term representing 0.000 001 BTC of wealth. While I resist this and consider the notion misguided, there is some milage to the approach.
I am interested to see how "bit" fares over the coming couple of years. Terrible ideas can last a long time (proportional mining anyone), and where there's a network effect involved, they can persist indefinitely (qwerty keyboard layout; possibly Litecoin).
finally a person who understands, this is exactly why i am on a 'crusade' to prevent a bad idea from spreading like the plague.
I don't (really) have a problem with that, though I guess I'm rather ambivalent as to how "bad" it would really be.
However, if your campaign is to be successful I do think you need to come up with an alternative that is objectively and subjectively better and, in my opinion, none of the alternatives currently offered are.
May 24, 2014, 12:49:06 PM
... microbits (or bits for short).
Fail!
It should be crystal clear by now that, as an abbreviation for microbitcoin, "bit" is an appauling suggestion. Ask any
I believe the bedrock of the argument in favour of "bit" is as a wholly new term representing 0.000 001 BTC of wealth. While I resist this and consider the notion misguided, there is some milage to the approach.
I am interested to see how "bit" fares over the coming couple of years. Terrible ideas can last a long time (proportional mining anyone), and where there's a network effect involved, they can persist indefinitely (qwerty keyboard layout; possibly Litecoin).
finally a person who understands, this is exactly why i am on a 'crusade' to prevent a bad idea from spreading like the plague.
May 24, 2014, 12:35:55 PM
... microbits (or bits for short).
Fail!
It should be crystal clear by now that, as an abbreviation for microbitcoin, "bit" is an appauling suggestion. Ask any
I believe the bedrock of the argument in favour of "bit" is as a wholly new term representing 0.000 001 BTC of wealth. While I resist this and consider the notion misguided, there is some milage to the approach.
I am interested to see how "bit" fares over the coming couple of years. Terrible ideas can last a long time (proportional mining anyone), and where there's a network effect involved, they can persist indefinitely (qwerty keyboard layout; possibly Litecoin).
May 24, 2014, 12:19:15 PM
Wish I had a BTC for every one of these polls.
May 24, 2014, 11:40:12 AM
in fact, that's not an honest poll either, as there's not even any other option than 'bit'. Also the maker of that poll admits it's not a poll for naming the unit.
Here's an honest poll (although it's a bit old and not very many votes) where 'bit' actually lost.
https://bitcointalksearch.org/topic/bitcoin-denominations-and-naming-conventions-349579
so bit was already dead and seems to have been revived a few weeks ago.
Here's an honest poll (although it's a bit old and not very many votes) where 'bit' actually lost.
https://bitcointalksearch.org/topic/bitcoin-denominations-and-naming-conventions-349579
so bit was already dead and seems to have been revived a few weeks ago.
May 24, 2014, 11:31:36 AM
An honest poll would have the "bit" option as well, in order to see if your preconception about bit matches the one of the community.
He knew that an honest poll would select "bit = millionth of a bitcoin" as we can see in this thread:
https://bitcointalksearch.org/topic/1000000-bits-1-bitcoin-future-proofing-bitcoin-for-common-usage-vote-592691
In fact, right now it has a supermajority at 78%
May 24, 2014, 11:26:46 AM
I know how the metric system works, but i was just pointing out how ridiculous it is to use a bit to mean anything other than a whole bitcoin.
My two favorite names are also mike and ubit (for much the same reasons, both use the 'micro' prefix in some way)
also, i meant to say millikilo
My two favorite names are also mike and ubit (for much the same reasons, both use the 'micro' prefix in some way)
also, i meant to say millikilo
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