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

Mike Caldwell mcaldwell at swipeclock.com
Mon Apr 21 01:18:03 UTC 2014


My impression:

Good because it is short, memorable, and pronounceable by speakers of most languages (though to most of the world that would be oo-bit, as "u" being "yu" is mostly an English thing)

Downsides include the fact that μ is not a U, it just resembles one. It is a lowercase M in Greek, a live spoken language also studied by many, and calling it a U conveys a notion of global unawareness. And the potential for "XBT" to be 1e-6 BTC on the world stage would be huge, worth pursuing.

Mike

Sent from my iPhone

On Apr 20, 2014, at 6:16 PM, "Justin A" <allport at gmail.com<mailto:allport at gmail.com>> wrote:


<delurk>

What about "ubit", pronounced "YOU-bit", representing 1e-6 bitcoin? Easy to say, tied in a visual way to the metric micro, leaves the required 2 decimal places for the marginally numerate.. What more could one want?

</delurk>

Also, hi. My first post; plan to get involved over the southern hemisphere winter if I can learn enough.

On Apr 20, 2014 4:32 PM, "Mike Caldwell" <mcaldwell at swipeclock.com<mailto:mcaldwell at swipeclock.com>> wrote:
By culturally neutral I mean we avoid deliberately invoking a cultural reference in the name.  For example "satoshi" would be a reference to Japanese culture just for being a common Japanese name regardless of who Satoshi turns out to be.

Mike

Sent from my iPhone

> On Apr 20, 2014, at 1:20 PM, "Christophe Biocca" <christophe.biocca at gmail.com<mailto:christophe.biocca at gmail.com>> wrote:
>
> Culturally neutral? "bit" in French phonetically collides with slang
> for phallus ("bitte", with a silent "e"). Apparently it means "louse"
> in Turkish as well.
>
> Not that this really would be avoidable with any short word (all the
> short possible words are usually taken), but it's not neutral.
>
>> On Sun, Apr 20, 2014 at 2:43 PM, Oliver Egginger <bitcoin at olivere.de<mailto:bitcoin at olivere.de>> wrote:
>> Hello,
>>
>> just my two 'cents':
>>
>> Terms arises by itself. Just as most people speak of coins when they
>> mean bitcoins. I do not see that bitcoin is currently in common use
>> except for speculation. Therefore no term for smaller units has
>> established yet. No problem in my eyes. Time will tell.
>>
>> - oliver
>>
>>
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