Post
Topic
Board Bitcoin Discussion
Re: What to call 0.001 BTC? (5 BTC Bounty)
by
roy
on 15/05/2011, 01:39:29 UTC
That would be 2 millies, 456 mikes and 78 satoshis
or
245678 satoshis

A party at the Playboy mansion?
Cheesy Cheesy


Another idea to give names basing on how many times you have to divide Bitcoin by 10:

1 Bitcoin = Bitcoin
1/10/10 = 0.01 Bitcoin = Dibit
1/10/10/10 = 0.001 Bitcoin = Tribit

Use greek prefixes mono, di, tri, tetra, penta, hexa, hepta, octa, nona, deca

by far the best discussion. it has something the other suggestions lack:
- it scales
- it sets the matter down to the smallest unit, once and for all
- it is logical, a very important prequesite for the units that will be the most common ones once btc is widespread

But bitcoins are only divisible upto 10^-8, so why not just use the atomic state of bitcoins to discuss bitcoins in small quantaties as it is a unit that can even be fairly easily be used to describe larger quantaties.