MilliBit was the community-accepted term for .001
BTC back in 2011.
However, most new people seeing the current abbreviation "mBTC" will pronounce it "milli-Bitcoin" or "Em-Bee-Tee-Cee", both of which are clunky.
I think using the abbreviation "
mBit" instead of "mBTC" will help "milliBit" catch on as the next base unit for Bitcoin.
Pros- If you don't know how to pronounce it, you'll likely say "Em-bit" or "MilliBit", both of which are succinct and one of which is correct.
- Even if you haven't seen it before, it's easy to figure out (e.g. I'll give you 25mBits for 2 large stuffed-crust pepperoni & green olive pizzas).
- µBit and nBit work too
- Most people still talk of BTC prices in BTC, so there is still time to change.
- This term will help newcomers understand that bitcoins are divisible.
Cons- BTC is currently abbreviated BTC
- "We've never done it this way before."
Change is slow. However, if we've learned anything from HODL and the history of bitcoin, this doesn't have to apply to Bitcoiners.
Your part:The next time you mention a Bitcoin price, please consider quoting the amount in
mBits.
Poll Updates:I'm not going to reset the votes when an option is added. Instead, I'll list the current votes when I add an option.
- mBT was added when the vote was: mBTC=12, mBit=6, other=?
