[Bitcoin-development] "bits": Unit of account

[Wladimir]

On Sun, Apr 20, 2014 at 6:19 PM, Chris Pacia <ctpacia at gmail.com> wrote:
> The term bit is really only overloaded for those who are techy. 95% of the
> population never uses the term bit in their daily lives and I doubt most
> could even name one use of the term.
> Plus bit used to be a unit of money way back when, so this is kind of
> reclaiming it. I think it's a great fit.

That's a very anglocentric way of thinking.

Here in the Netherlands, a "bit" is something you put in a horses's
mouth. It's also used as imported word (in the information sense).
We've never used the term for money.

Wladimir