We need names. | Bitcointalksearch.org

BitOnyx

member

Activity: 112

Merit: 10

Cryptocurrencies Exchange

Quote from: FreeSocrates! on March 06, 2014, 05:57:36 AM

Here's a few to add to the nerd fest... Cool

.1 (deci, tenths) BitTenthly, BitDeci, petoshi
.01 (centi, hundreds) bit-centi, BitCenti, BitCent, terra-oshi
.001 (mili, thousanths) bit-thou, BitTao, BitTaoy, tawa-oshi, giga-oshi
.0001(ten thoussandths), zen-tao-oshi, mega-oshi
.00001 (hundred thousands) - kila-oshi
.000001 (millions) bit-milli, hect-oshi
.0000001 (ten millionths) deca-oshi
.00000001 - satoshi

yes it will help n00bs to understand bitcoin better Grin

edit: vouted

Aido

sr. member

Activity: 248

Merit: 252

1. Collect underpants 2. ? 3. Profit

There's a poll on it over here: https://bitcointalksearch.org/topic/bitcoin-denominations-and-naming-conventions-349579

AnonyMint

hero member

Activity: 518

Merit: 521

Quote from: marhjan on June 10, 2011, 03:44:28 AM

0.00000001 BTC = Satoshi

Can't remember where I read someone else post that everything should be quoted in Satoshis for consistency and eliminate confusion. I agree. Thus all 1 BTC holders already sBTC billionaires.

So my suggestion is:

0.00000001 BTC = 1 sBTC = 1 sBTC = 1 Satoshi (bit) or 1 sbit

Throw away all the other denominations except 1 BTC = 1 BTC = 1 Bitcoin.

Alternatively you could call them "cents":

0.00000001 BTC = 1 cBTC = 1 cBTC or 1 BTCent = 1 Bitcoin cent

FreeSocrates!

newbie

Activity: 21

Merit: 0

Here's a few to add to the nerd fest... Cool

.1 (deci, tenths) BitTenthly, BitDeci, petoshi
.01 (centi, hundreds) bit-centi, BitCenti, BitCent, terra-oshi
.001 (mili, thousanths) bit-thou, BitTao, BitTaoy, tawa-oshi, giga-oshi
.0001(ten thoussandths), zen-tao-oshi, mega-oshi
.00001 (hundred thousands) - kila-oshi
.000001 (millions) bit-milli, hect-oshi
.0000001 (ten millionths) deca-oshi
.00000001 - satoshi

Hawker

legendary

Activity: 1218

Merit: 1001

Wow. Those are some seriously nerdy names.

flower1024

legendary

Activity: 1428

Merit: 1000

Quote from: bg002h on April 23, 2013, 09:22:56 PM

Quote from: ronwan on April 23, 2013, 06:32:13 PM

These are pretty good for names but I would simply say.

1 BTC is one Barter Token or Bitcoin.
0.00000001 is a Satoshi
100 Satoshi is a Nakamoto or a Nak (pronounced "Knock") 0.00000100 BTC
A bitcoin is 1 million Naks.
It is 4/23/2013 and $1.00 gets you 7143 Naks. Some people are afraid to buy at $140 per Bitcoin because the number scares them. The Nak could calm people down.

Think of a movie of the Zimbabwe economy or the Weimar Republic RUNNING BACKWARDS.
Play money in 2009 is now a substantial global currency.

Some day the Nak will reach parity with the Dollar as the penny and Satoshi head toward each other in value.

Ron.

I'm all for honoring Hal Finney (https://bitcointalksearch.org/topic/bitcoin-and-me-hal-finney-155054). I think 100 Satoshi's or 1 milliBitcoin to be called a Finney or "Fin" would be appropriate.

+1

aggieben

newbie

Activity: 10

Merit: 0

Quote from: DATA COMMANDER on June 10, 2011, 01:00:57 PM

I like Millie and Mike.

Agreed. mBTC is probably the only fractional denomination that will ever be needed in practical application, but mikes allow room for extra precision when necessary. Both are easily expressed using existing character encodings (mBTC / uBTC) and prevent the absurdities of trying to verbally communicate small fractions in decimal format. I think it would be wise to dispense with BTC "cents". They aren't really any better than millies in my opinion, and not having them sets BTC apart from most other currencies.

chiropteran

sr. member

Activity: 348

Merit: 250

bitus50 = 0.34127363 bitcoin
bitus5 = 0.03412736 bitcoin
bitusdollar = 0.00682547 bitcoin
bitusdime = 0.00068255 bitcoin
bituspenny = 0.00006826 bitcoin

Easy to remember numbers that Americans (and other USD users) will immediately understand.

bg002h

donator

Activity: 1466

Merit: 1048

I outlived my lifetime membership:)

Quote from: ronwan on April 23, 2013, 06:32:13 PM

These are pretty good for names but I would simply say.

1 BTC is one Barter Token or Bitcoin.
0.00000001 is a Satoshi
100 Satoshi is a Nakamoto or a Nak (pronounced "Knock") 0.00000100 BTC
A bitcoin is 1 million Naks.
It is 4/23/2013 and $1.00 gets you 7143 Naks. Some people are afraid to buy at $140 per Bitcoin because the number scares them. The Nak could calm people down.

Think of a movie of the Zimbabwe economy or the Weimar Republic RUNNING BACKWARDS.
Play money in 2009 is now a substantial global currency.

Some day the Nak will reach parity with the Dollar as the penny and Satoshi head toward each other in value.

Ron.

I'm all for honoring Hal Finney (https://bitcointalksearch.org/topic/bitcoin-and-me-hal-finney-155054). I think 100 Satoshi's or 1 milliBitcoin to be called a Finney or "Fin" would be appropriate.

ronwan

newbie

Activity: 25

Merit: 0

These are pretty good for names but I would simply say.

1 BTC is one Barter Token or Bitcoin.
0.00000001 is a Satoshi
100 Satoshi is a Nakamoto or a Nak (pronounced "Knock") 0.00000100 BTC
A bitcoin is 1 million Naks.
It is 4/23/2013 and $1.00 gets you 7143 Naks. Some people are afraid to buy at $140 per Bitcoin because the number scares them. The Nak could calm people down.

Think of a movie of the Zimbabwe economy or the Weimar Republic RUNNING BACKWARDS.
Play money in 2009 is now a substantial global currency.

Some day the Nak will reach parity with the Dollar as the penny and Satoshi head toward each other in value.

Ron.

garyrowe

full member

Activity: 198

Merit: 102

The Wiki now has some information on this subject: https://en.bitcoin.it/wiki/FAQ#What_do_I_call_the_various_denominations_of_Bitcoins?

DATA COMMANDER

full member

Activity: 126

Merit: 100

I like Millie and Mike.

dayfall

sr. member

Activity: 312

Merit: 250

Someone start a new thread. "Poll: When will a Milli = $1"

----------------------------------------------------------------------------
"When I was your age, transaction fees were 10Millis and a pizza was 1 Laszlo."
"You're pulling my leg, Grandpa"

kroptofer

newbie

Activity: 18

Merit: 0

I propose 10000 BTC = 1 laszlo (lzBTC or simply lzB)

http://forum.bitcoin.org/index.php?topic=137.0

(I'm not trying to make fun of anyone, I honestly respect the guy and honoring him, hopefully)

Oldak

newbie

Activity: 4

Merit: 0

Quote from: garyrowe on June 10, 2011, 07:28:47 AM

Quote from: Oldak on June 10, 2011, 06:47:19 AM

0.001 BTC = "mbit" [em-bit]
0.000 001 BTC = "ubit" [yu-bit]
0.000 000 001 BTC = "nbit" [en-bit]

There is no intrinsic value in having a 1e-2 denomination (i.e. bitcent), this will just add unnecessary confusion to an SI-style system which has the convenience of using SI prefixes milli-, micro-, nano-, etc.. If there is an 1e-3 denomination (i.e. mbit), it is easy to express the equivalent of a "bitcent" as 10 mbit, e.g. That is to say, there is no advantage of efficiency in adopting a bitcent. If you were to adopt a bitcent/centibit, why not a decibit (i.e. 0.1 BTC?) - things become very mushy.

PS. There should be no problem with representing subdivisions of BTC with "bit" (i.e. mbit) in terms of confusion with data bits, as data bits are atomic (i.e. non-divisible: there is no such thing as 0.001 bits (microbits) in computing). [That said, data-rates could be expressed which might invoke "microbit", such as 100 microbits per second, but such a slow data-rate would be uncommon; and this practice is not done "in the wild".]

I like this approach because:

1) it promotes open standards (SI units)
2) it is easy to say ("I'll buy that for an mbit") but there is a possible confusion between "em" and "en" phonemes though
3) the rapid deflation of a bitcoin is such that 0.01BTC is going to be arbitrary in the near term so call it 10mbits instead

Is there a page on the Bitcoin Wiki to promote this as the proposed standard?

Good point about possible confusion between "mbit" and "nbit", but since they are very different in value (1 million times), the intended one could be inferred from context. That said, it isn't much harder (1 syllable) to say "millibit" or "nanobit", if one seeks clarity. Also, "millibit" and "nanobit" don't sound clunky, compared to some of the other suggestions for naming subdivisions of BTC.

Dobrodav

sr. member

Activity: 350

Merit: 250

Quote from: mewantsbitcoins on June 10, 2011, 07:40:00 AM

http://forum.bitcoin.org/index.php?topic=8282.0
http://gobarbra.com/hit/new-e3911045c62c35ace3732c5dc91fff6f

Thank you. You mention that this topic is discussed from march of 2011.

mewantsbitcoins

full member

Activity: 126

Merit: 101

http://forum.bitcoin.org/index.php?topic=8282.0
http://gobarbra.com/hit/new-e3911045c62c35ace3732c5dc91fff6f

Jeffpod

newbie

Activity: 75

Merit: 0

Don't forget BitNickle - 0.05Btc's
or a BitDime - 0.10Btc's

0.01 is a BitCent (centi - prefix for 100)
0.001 is a BitMil (milli - prefix for 1000)
0.0001 Btc, BitMyr (Myr for Myrio or 1/10000th)
0.00001 is a BitMic or BitMicro (micro being 1/100000th of milli)
0.000001 is a BitNano

What you think?

garyrowe

full member

Activity: 198

Merit: 102

Quote from: Oldak on June 10, 2011, 06:47:19 AM

0.001 BTC = "mbit" [em-bit]
0.000 001 BTC = "ubit" [yu-bit]
0.000 000 001 BTC = "nbit" [en-bit]

There is no intrinsic value in having a 1e-2 denomination (i.e. bitcent), this will just add unnecessary confusion to an SI-style system which has the convenience of using SI prefixes milli-, micro-, nano-, etc.. If there is an 1e-3 denomination (i.e. mbit), it is easy to express the equivalent of a "bitcent" as 10 mbit, e.g. That is to say, there is no advantage of efficiency in adopting a bitcent. If you were to adopt a bitcent/centibit, why not a decibit (i.e. 0.1 BTC?) - things become very mushy.

PS. There should be no problem with representing subdivisions of BTC with "bit" (i.e. mbit) in terms of confusion with data bits, as data bits are atomic (i.e. non-divisible: there is no such thing as 0.001 bits (microbits) in computing). [That said, data-rates could be expressed which might invoke "microbit", such as 100 microbits per second, but such a slow data-rate would be uncommon; and this practice is not done "in the wild".]

I like this approach because:

1) it promotes open standards (SI units)
2) it is easy to say ("I'll buy that for an mbit") but there is a possible confusion between "em" and "en" phonemes though
3) the rapid deflation of a bitcoin is such that 0.01BTC is going to be arbitrary in the near term so call it 10mbits instead

Is there a page on the Bitcoin Wiki to promote this as the proposed standard?

Oldak

newbie

Activity: 4

Merit: 0

Quote from: itsagas on June 10, 2011, 06:52:21 AM

Quote from: joan on June 10, 2011, 05:53:09 AM

Quote from: phatsphere on June 10, 2011, 04:08:53 AM

they are nice, but it's not "regular". I would propose to use the -cent postfix for every SI power prefix of base 3:

Complicated.
Just drop the bitcent altogether and you have "regular" scale. We don't need to use the same divisions as fiat currencies. milli bitcoins / millies is just fine. Then micro bitcoins / mikes or whatever.

- My 20 millies.

Agreed, too complicated.

"Send me 0.0001 Bitcoin(s)" sounds fine and is simple to use and remember.

It's fine to write that down, but it isn't easy to express that verbally. You'd have to say "zero-point-zero-zero-zero-one bitcoins". This would be very easy to confuse with, for example, "zero-point-zero-zero-one bitcoins" (0.001 bitcoins). An appreviation such as "mbit"/microbit/microbitcoin encodes that information (relating to order of magnitude) in a way that is much more easy express and remember.

Topic: We need names. (Read 17348 times)