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

Tamas Blummer tamas at bitsofproof.com
Mon Apr 21 06:21:17 UTC 2014


Here is one to please those looking for a “fully qualified” slang word, that links with the official XBT:

xbit (spoken: ex-bit) would rationalise XBT (where X comes from supranational use) and is unique.

I personally associate from x to six also supporting the 1e-6 divisor of Bitcoin.

Regarding XBT: No matter who used it for what. The way Bloomberg will use it will define its use in finance,
and since that did not happen yet, we are not late to shape.

Regards,

Tamas Blummer
http://bitsofproof.com

On 21.04.2014, at 07:41, Pieter Wuille <pieter.wuille at gmail.com> wrote:

> 
> On Apr 21, 2014 3:37 AM, "Un Ix" <slashdevnull at hotmail.com> wrote:
> >
> > Something tells me this would be reduced to a single syllable in common usage I.e. bit.
> 
> What units will be called colloquially is not something developers will determine. It will vary, depend on language and culture, and is not relevant to this discussion in my opinion.
> 
> It may well be that people in some geographic or language area will end up (or for a while) calling 1e-06 BTC "bits". That's fine, but using that as "official" name in software would be very strange and potentially confusing in my opinion. As mentioned by others, that would seem to me like calling dollars "bucks" in bank software. Nobody seems to have a problem with having colloquial names, but "US dollar" or "euro" are far less ambiguous than "bit". I think we need a more distinctive name.
> 
> -- 
> Pieter
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