POLL: What name would you give to the smallest unit of bitcoin (0.00000001)? - page 4.

ribuck

donator

Activity: 826

Merit: 1039

Quote from: david4dev on June 28, 2011, 08:09:25 AM

Just use SI prefixes!

1BTC = 1 bitcoin
0.1BTC = 1dBTC = 1 decibitcoin
0.01BTC = 1cBTC = 1 centibitcoin...

The prefixes "deci" and "centi" are not SI prefixes. They are leftovers from the pre-SI metric system, and they add more complexity than benefit. So let's keep it simple...

1 BTC = 1 bitcoin
0.001 BTC = 1 mBTC = 1 millibitcoin (nickname "one Millie")
0.000001 BTC = 1 uBTC = 1 microbitcoin (nickname "one Mike")

The base unit of 0.00000001 BTC is the same as 10 nanobitcoins, but I think this will be confusing because we cannot represent 1 nanobitcoin (so how can we have ten of them?). The existing usage seems to work well enough:

0.00000001 BTC (nickname "one Satoshi").

david4dev

newbie

Activity: 56

Merit: 0

Just use SI prefixes!

1BTC = 1 bitcoin
0.1BTC = 1dBTC = 1 decibitcoin
0.01BTC = 1cBTC = 1 centibitcoin
0.001BTC = 1mBTC = 1milibitcoin
0.0001BTC = 1dmBTC = 1 deci-milibitcoin
0.00001BTC = 1cmBTC = 1 centi-milibitcoin
0.000001BTC = 1µBTC = 1 microbitcoin
0.0000001BTC = 1dµBTC = 1 deci-microbitcoin
0.00000001BTC = 1cµBTC = 1 centi-microbitcoin

mattboston

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Worthless

Zoomer

hero member

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Quote from: ThatOtherDude on June 27, 2011, 02:14:53 PM

Quote from: gtabmx on June 27, 2011, 01:57:01 AM

But I agree with some posters above, that the decimal should be shifted all the way to the right and not be used. I thinks the fact that bitcoins can be divided so small makes them seem silly to non bitocin users and can hinder their use in the real world, for average people. The decimal really serves no purpose since at the rate the value of BTC is climbing, in the future very few people will even be able to talk about whole bitcoins...

-Mike

I second using this method. Average people are not accustomed to using currency that is divisible to the 8th decimal place. Such a change would be difficult for people to adapt to.

--Tod

Agreed. There are many currencies that don't have decimal points now, and they work just fine. See yen, krw, or the Thai Baht (satang is their 'cent' but its so small!).

tool_462

hero member

Activity: 924

Merit: 507

Pocket Change.

Hakim1986

newbie

Activity: 7

Merit: 0

Quote from: bcforum on June 27, 2011, 01:37:58 AM

1 = bitcoin
0.01 = cent
0.00001 = millicent
0.00000001 = microcent

This sounds good.

Windsong

newbie

Activity: 11

Merit: 0

UberCent

ThatOtherDude

newbie

Activity: 21

Merit: 0

Quote from: gtabmx on June 27, 2011, 01:57:01 AM

But I agree with some posters above, that the decimal should be shifted all the way to the right and not be used. I thinks the fact that bitcoins can be divided so small makes them seem silly to non bitocin users and can hinder their use in the real world, for average people. The decimal really serves no purpose since at the rate the value of BTC is climbing, in the future very few people will even be able to talk about whole bitcoins...

-Mike

I second using this method. Average people are not accustomed to using currency that is divisible to the 8th decimal place. Such a change would be difficult for people to adapt to.

--Tod

shata

sr. member

Activity: 547

Merit: 253

Quote from: dev^ on June 19, 2011, 05:16:30 PM

What about Bitlet?

+1

gtabmx

newbie

Activity: 49

Merit: 0

Trying to keep in line with actual units of measurements in the metric system, since we;re one decimal place off a nanobit, a good compensation would be "ninobit", in my opinion.

But I agree with some posters above, that the decimal should be shifted all the way to the right and not be used. I thinks the fact that bitcoins can be divided so small makes them seem silly to non bitocin users and can hinder their use in the real world, for average people. The decimal really serves no purpose since at the rate the value of BTC is climbing, in the future very few people will even be able to talk about whole bitcoins...

-Mike

bcforum

full member

Activity: 140

Merit: 100

1 = bitcoin
0.01 = cent
0.00001 = millicent
0.00000001 = microcent

FoxMURDER

newbie

Activity: 49

Merit: 0

NotMuch

LeFBI

member

Activity: 98

Merit: 10

Benny

Cauap

newbie

Activity: 12

Merit: 0

ittybittytittycoin

ThatOtherDude

newbie

Activity: 21

Merit: 0

0.00000001 - 8 bit
0.0000001 - 7 bit
0.000001 - 6 bit
etc

or perhaps a TidBit

Alex Beckenham

full member

Activity: 154

Merit: 100

Quote from: burger on June 25, 2011, 07:46:24 AM

That don't need a name.

Yeah, let's call them 0.00000001 btc Cheesy

forbun

member

Activity: 107

Merit: 10

Quote from: spruce on June 19, 2011, 05:29:01 PM

Cent.

And shift the decimal point six places so that it matches regular currencies. No regular currency is divisible to eight places. We talk about thousands or millions or billions of dollars or francs or euros, not megadollars or petafrancs. Millibits or microbits might work for geeks but not for average people.

This.

bonker

hero member

Activity: 784

Merit: 502

How about a "chimp"

10^-9 = 1 Chimp
10^-6 = 1 Orangutang
10^-3 = 1 Babboon
10^1 = Bitcoin

Pretty simple, I think it'll catch on

DrYe5

sr. member

Activity: 490

Merit: 250

uCent

anty

newbie

Activity: 40

Merit: 0

I vote for "cent". Just because people already know what cents are.

Topic: POLL: What name would you give to the smallest unit of bitcoin (0.00000001)? - page 4. (Read 13413 times)