We need names. - page 2. | Bitcointalksearch.org

itsagas

newbie

Activity: 59

Merit: 0

Quote from: joan on June 10, 2011, 06:53:09 AM

Quote from: phatsphere on June 10, 2011, 05:08:53 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.

Oldak

newbie

Activity: 4

Merit: 0

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".]

joan

jr. member

Activity: 56

Merit: 1

Quote from: phatsphere on June 10, 2011, 05:08:53 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.

FreeMoney

legendary

Activity: 1246

Merit: 1015

Strength in numbers

It's millie (10^-3) and mike (10^-6).

phatsphere

hero member

Activity: 763

Merit: 500

Quote from: marhjan on June 10, 2011, 04:44:28 AM

1 BTC = BitCoin
0.01 BTC = 1 cB or 1 cBTC (bitcent)
0.001 BTC = 1 mB or 1 mBTC (bitmill)
0.000001 BTC = 1 μB or 1 μBTC (mike)
0.00000001 BTC = Satoshi

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

1 btc = 100 BTCc ("bitcent")

1 btc = 1,000 mBTC = 10,000 mBTCc
i.e.
"millibit" and "millibitcent"

1 mBTC = 1,000 µBTC = 10,000 µBTCc
i.e.
"microbit" and "bicrobitcent"/aka Satoshi.

and there is still room for nBTC and nBTCc (nano/nanocent)

marhjan

full member

Activity: 215

Merit: 105

Poorer than I ought to be

1 BTC = BitCoin
0.01 BTC = 1 cB or 1 cBTC (bitcent)
0.001 BTC = 1 mB or 1 mBTC (bitmill)
0.000001 BTC = 1 μB or 1 μBTC (mike)
0.00000001 BTC = Satoshi

I didn't make these up, and I'm sure there's still room to disagree, but these terms seem to be in at least moderate usage by the community.

psychocoder

newbie

Activity: 49

Merit: 0

Hi,

before BTC will get accepted by "normal" humans (not only by the active community) we need names for BTC values which are smaller than 1 BTC. The most users don't like values with many zeros (e.g. 0,0005 BTC).

My offer:

1 BTC = BitCoin 0,01 BTC = 1 cB or 1 cBTC (BitCoinCent) 0,001 BTC = 1 mB or 1 mBTC (MilliBitCoin) 0,000001 BTC = 1 μB or 1 μBTC (MicroBitCoin)

The most characters can write with normal keyboard layout. This is importend because nobody would search for characters on his keybord.

Than we can offer goods or micropayment with human readable values:

e.g. Show this videos cost : 0,0001 BTC (not readable) or 100 μB (readable)

Topic: We need names. - page 2. (Read 17319 times)