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

Aaron Axvig aaron at axvigs.com
Tue Apr 22 13:51:42 UTC 2014

That piece of horse equipment is called a bit in the US too.  But the point
stands: most people don't use "bit" on a daily basis other than referring to
"a little bit of <something>."

-----Original Message-----
From: Wladimir [mailto:laanwj at gmail.com] 
Sent: Sunday, April 20, 2014 11:27 AM
To: Chris Pacia
Cc: Bitcoin Dev
Subject: Re: [Bitcoin-development] "bits": Unit of account

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.


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