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

Mon Apr 21 04:08:08 UTC 2014

Bit is simple phonetically, I'm for it.

On Mon, Apr 21, 2014 at 1:34 PM, Mike Caldwell <mcaldwell at swipeclock.com>wrote:

> If bit had to be preceded by a letter I would nominate "ebit" or "xbit"
> (which could still be XBT)
>
> Those needing a definition for x could define it as "coin/1000000".
>
> That said, I am still more in favor of "bit". Xbit would just solve the
> problems others cite about ambiguity if they had to be solved without the
> resulting name being too long.
>
> Mike
>
> Sent from my iPhone
>
> On Apr 20, 2014, at 7:33 PM, "Un Ix" <slashdevnull at hotmail.com> wrote:
>
> Something tells me this would be reduced to a single syllable in common
> usage I.e. bit.
>
> My 2 cents goes for "bit".
>
> Because: Bitcoin is a digital currency, BTC starts with "bit", "bit"
> refers to a small amount of something in its regular english usage and
> lastly 99.9876543% of people on the planet don't know what a digital "bit"
> is yet ...
>
> Gavin
>
> On 21/04/2014, at 9:20 am, "Mike Caldwell" <mcaldwell at swipeclock.com>
> wrote:
>
> 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> 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> 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> 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>
>> 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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