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

Mike Caldwell mcaldwell at swipeclock.com
Sun Apr 20 18:34:32 UTC 2014

Mainly because it is short, memorable, effectively leads the listener to infer the proper meaning, is culturally neutral, is easy to say by speakers of just about any language, and many other reasons. 


Sent from my iPhone

> On Apr 20, 2014, at 12:23 PM, "Arne Brutschy" <abrutschy at xylon.de> wrote:
> agree that overloading isn't an issue when necessary, but my point was
> that the necessity is lacking. If we're free to pick anything, why pick
> something that is overloaded?
> Moreover, "bit" is an abbreviation of bitcoin and might be confused with
> it. Most currencies use a work that is phonetically very different and
> short, so why not do the same?
> Pluk, or cred, or finney (as proposed the thread I posted), or
> whichever. We could call it "unsp" for unspent ;)
> Arne

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