Topic: What to call 0.001 BTC? (5 BTC Bounty) - page 14. (Read 63985 times)
How about just sticking with BTC (and whatever symbol we finally agree on eventually) and using scientific notation? 1E-3BTC for 0.001, 1E-8BTC for one Satoshi etc
SmallBit or MilliBit?
"BitLit" is a good name too! 
Hopefully 1 dollar.
It would be downright foolish not to just use SI units. People can cope.
I agree with you, which is actually why I'm so vociferous about this. I kinda wish one "bitcoin" was defined as 10e9 satoshis, since it would have made 1 satoshi = 1 nanobitcoin.
Currently, 1 BTC = 1000 mBTC, 1mBTC = 1000 uBTC, 1uBTC = 100 satoshi/credits.
The SI prefixes working upwards, e.g. 'kCredits' and the SI prefixes working down, e.g. 'mBTC', are incompatible as they're off by one decimal place. mBTC is a sensible denotation and I intend to use it for now, but in the medium/long term we will be dealing with much smaller units, and we'll have to argue about this again. Let's say a cheeseburger costs 0.0002 bitcoins. Maybe that price will be written as "0.0002 BTC" or ".2 mBTC" or "200 uBTC", but I think it's more likely to be "20 kilocreds".*
*for several reasons - one, it's a true unit of account. two, lots of people don't understand decimal points. three, merchants will prefer non-decimal denotations of prices. four, again, it's fewer syllables, which imo is really important.
generally coinage is counted in double digit or tripple digit groups..
99 cents, 50grand, so forth..
milli is essentially a penni-dime or .0010 its a sensical way to do it mathmatically, but in currency, you want .00,00,00 or .000,000
I think this is more the fundamental thing we need to think about.
99 cents, 50grand, so forth..
milli is essentially a penni-dime or .0010 its a sensical way to do it mathmatically, but in currency, you want .00,00,00 or .000,000
I think this is more the fundamental thing we need to think about.
Not sure if this has been mentioned, but a millcoin makes the most sense to me. 1 mill = 1/10th of a cent.
mBitcoin is also another good one.
mBitcoin is also another good one.
Millie and Mike could even be friends with Bob and Alice
...and enemies of Fannie and Freddie.Haha, nice.
For the smallest unit (.00000001) how about "bitbyte"?
I also really like the "dibit" and "tribit"... very smooth to say if you assume a soft "I" sound in the first syllable.
I also really like the "dibit" and "tribit"... very smooth to say if you assume a soft "I" sound in the first syllable.
We call that, the satoshi.
. . . someone is sure to do a nice logo of Millie and Mike.
Rule 34 has just been invoked.
bitcoin = +1
bitcent = 0.99
bit = 0.0099
just bit.. who needs more than that? its just a bit!
bitcent = 0.99
bit = 0.0099
just bit.. who needs more than that? its just a bit! 
For the smallest unit (.00000001) how about "bitbyte"?
I also really like the "dibit" and "tribit"... very smooth to say if you assume a soft "I" sound in the first syllable.
I also really like the "dibit" and "tribit"... very smooth to say if you assume a soft "I" sound in the first syllable.
I vote for "BITMILL" too
Easy to remember, difficult to get confused in common speech or in text. I like it.
+1
Despite my stated non-preference of SI for this, I actually like this too.
We already call 0.01 BTC a "bitcent".
I like:
Littlebit
Itsy Bit
Teeny Bit
Smidgen
Littlebit
Itsy Bit
Teeny Bit
Smidgen
I vote for "BITMILL" too
Easy to remember, difficult to get confused in common speech or in text. I like it.
+1
I vote for "BITMILL"
Another idea to give names basing on how many times you have to divide Bitcoin by 10:
1 Bitcoin = Bitcoin
1/10/10 = 0.01 Bitcoin = Dibit
1/10/10/10 = 0.001 Bitcoin = Tribit
Use greek prefixes mono, di, tri, tetra, penta, hexa, hepta, octa, nona, deca
1 Bitcoin = Bitcoin
1/10/10 = 0.01 Bitcoin = Dibit
1/10/10/10 = 0.001 Bitcoin = Tribit
Use greek prefixes mono, di, tri, tetra, penta, hexa, hepta, octa, nona, deca
Use greek prefixes mono, di, tri, tetra, penta, hexa, hepta, octa, nona, deca
I like this.
I also like the idea prefixing the amount with the number of leading zeros so there is no doubt:
.0001 = 3฿1
.0000023 = 5฿23
I agree with the abbreviation mbtc, the formal conventional form, millibits, in formal long form, millibitcoins, and in slang, mills or millis,
It would be downright foolish not to just use SI units. People can cope.
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