Topic: What to call 0.001 BTC? (5 BTC Bounty) - page 11. (Read 63985 times)

Instead of milbit, what about: milfbit

I would have to agree, but if we are going to move the decimal point, we need to do it sooner rather than later.

I think that instead of coming up with names for 0.001 and 0.000001 bitcoins we should seriously consider changing the value of 1 bitcoin. I propose that what now is 0.000001 bitcoins becomes the new bitcoin. If we want bitcoin to be widely used we have start thinking about how to make things simple for Average Joe. So, a couple of reasons why this would be better:

• Bitcoin sounds like a small amount.
• While milli- and micro- is very simple to understand for a scientific community, "a thousand" and "a million" is understood more intuitively by Average Joe. So instead of having "a microbitcoin", "a millibitcoin" and "a bitcoin" in everyday use it would be better to have "a bitcoin", "a thousand bitcoins" and "a million bitcoins".
• No currency that I have used have smaller amounts than 0.01 main units. Using the new definition of a bitcoin the smallest possible amount would be just that, 0.01 bitcoins.

I don't think that it's too late to make a change like this.

Where has this bloody dobit thing come from all of a sudden? SI makes instinctive sense to most of the world: why would you ruin that? Just as we talk in megahashes, millibitcoins is the future. It's not creating some confusing new scheme, it's purely logical.

j-bit  .... sounds like something you might find on the silk road (not that I've ever been there)

If the decimal place moves 6 places to the right as described in the other thread then this is a moot discussion, as fun as it is. Then we go back to super-naming instead of sub-naming.

I'm not referring to the naming-whatever-bounty - I'm referring to the registration bonus which I claimed days ago and was BTC 0.02 at that time, but now has been changed to BTC 0.005. Its status is still "pending". Well that's not much BTC, but I still would appreciate this site paying what has been promised. 

You have to claim the bonus.

And the bounty for this is paid.

 0.001 BTC=1 minicoin

Phoneticly that can be confusing.  But using a phonetic alphabet would work...

Bitcoin

.1 = Alphabit
.01 = Bravobit/Betabit
.001 = Charliebit/Gammabit

and so on.

I got a few thoughts here...

First of all, I know there is an understandable move to NOT using actual currency denominations, "cents" "pennies" "dimes".  Most of us will be very comfortable with this, but there are many who use other currencies, who may not.  Also, aren't we semi-revolting against paper/coin currencies?

Second:  Making up names like "bitmil" or "bitsies" or whatever will be very confusing, because in basic conversation, it may take a very long time of regular use before we become that comfortable with whether a "bitsie" is .001 or .0001 or .00001.

Therefore I suggest using more of a route of what we do when we use base numbering systems larger than base 10.  We go to letters.

Therefore,

a-bit = .1 btc
b-bit = .01 btc
c-bit = .001 btc
d-bit = .0001 btc
e-bit = .00001 btc
f-bit = .000001 btc
g-bit = .0000001 btc
h-bit = .00000001 btc
i-bit = .000000001 btc
j-bit = .0000000001 btc

In every instance, we keep the "bit" nomenclature, and also use the letter to easily identify how many decimal places are needed.

What do you guys think?

It's the most sane name. Calling them "mill" or "millies" risk causing confusion with "million" though (esp. if capitalizing!). As suggested in another thread, mBit ("embit" - two syllables) sounds nice.

Bitcoinbonus is probably a scam - my BTC for registration have not been paid since days and now the bonus has simply been cut to a quarter of the original value

I propose we call them Bints

I like millibit myself. 

As said before it lends itself to be used a millie, and could end up being a common transaction amount.

1 Bitcoin
.01 Bitcent
.001 Millibit

and so forth.

Skysurfer808

Has anyone even considered a bitpip?  The other currencies are like penny, nickel and dime; shouldn't we go with the next smaller pip?

Thx

Made my morning to be down $.17 in 'valium' and 5 BTC up in 'howmuchigots'.

Great option, BitcoinBonus 

So its now Monday the world over and the votes are all in at Bitcoin Bonus.  Here's the final list there:

zibit

ubitcoin

TriBit  (2)

Tiny-Bit

tidbit

tBit - pronounced tee-Bit; t as in one thousandth of a BitCoin

smilibit

nibit

Nibble

nanocoin

m฿

mint

Milth

millie(s)

millicoin (

millicent

milliBitty

Millibitcoin

milliBit (mB)  (15)
 
millebit

millcoin

MillBit

milicoin

milibit

MiliBit

miliBC

milbtc

MilBits

mil

Microcoin (2)

mic

mBTC og 1000-parts

mBitcoin

MBC (pronounced like the letters)

m1, 2m etc.

Little Penny Bitcoin

Litbit (3)

Kris

groat

Free

farthing

do bit - at this small size it's no longer a question of value but principles - what will you do in the world with a tiny little influence?

credit

Bity

BittyCoin

BittyCent

bitty bitlet (then 0.01 is a bitlet, then 0.01 is a bit, then 1.0 is a bitcoin)

Bitty (plural form: Bitties) (2)

Bitping

bitney

bitmillit

BitMillen

bitmill, bitmile(11)

Bitmi

bitly

bitli

Bitlet (3)

bithun

Bithou

BitDots

bitcoinmill

Bitcoin is very good.

Bitcoin atom

Bitchit

bitcent (2)

BitByte (2)

bitbit (4)

Bitbat

Bit-Tot

Bit-Mini

bit-hundredth

bit

BB

bantam bit

BajtCent

Amir

A bitpence

A bitk, pronounced bit-kay. Simple, short, and 1000 bitk would be one bitcoin.

A bitillion

1 Milicoin = 0.001 BTC

0,001 bitz


So with that, we had 15 votes for milliBit:  it is the winner, although it will likely be abbreviated down to be Mill/Mille as Gavin suggested.
zeploum was the first to suggest this, along with 'mille'    Congratulations!

I'm also awarding AntiVigiliate 5 BTC for his suggestion of Do Bit.  I'll likely use that at times in the hopes that it becomes an informal name for 0.001 BTC, the same way that we have crown, farthing, sovereign and guinea for Pound,  or Buck for Dollar. 

I like whoever suggested "hopefully 1 Dollar"!

Thanks for everyones thoughts and helpful suggestions.  Let the Network Effect take over from here and lets see what sticks!

I just wanted to throw in "NIbble" because it sounds cute. Plus it stands for a half-byte so what the hell. ^^ But I'm not gonna register on that strange Bonus site since even when logging in with OpenID you need to create an account, which I think totally goes against the idea of OpenID.

If you like my idea, feel free to send a few Nibbles my way: 165xtcXSciSXg32y6X43xd81PAqNVGnGzb.

I could just see the financial news one evening saying: "the DOWJONES industrial average ended the day a 'littlebit' higher today, but this is still down from 'quiteabit' yesterday.