Post
Topic
Board Bitcoin Discussion
Re: What to call 0.001 BTC? (5 BTC Bounty)
by
DukeOfEarl
on 15/05/2011, 02:25:01 UTC
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.

This is a better suggestion, further, nobody wants to change what they are talking about every 10x.  We're all used to changing every three 0's (eg, one thousand - 1,000, one million 1,000,000).

I would take the OP's logic and build from the base like you.

1 bit
100 dibit
1,000 tribit
1,000,000 hexabit
1,000,000,000 nonabit

This also loses the decimal completely, not sure why it's even used.