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

Chris Pacia ctpacia at gmail.com
Sun Apr 20 16:30:12 UTC 2014

You're correct, my impression of the term is based of what I experience in
the US. If it is more widely used in other cultures that should be a
On Apr 20, 2014 12:27 PM, "Wladimir" <laanwj at gmail.com> wrote:

> 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
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