Post
Topic
Board Bitcoin Discussion
Re: What to call 0.001 BTC? (5 BTC Bounty)
by
fergalish
on 18/05/2011, 21:39:02 UTC
How about:
1 = bit
0.01 = 10^-2 = nit
10^-4 = mit
10^-6 = dit
10^-8 = pit

or substitute for your favorite 1st letters.

Actually, maybe nit and mit might sound too similar, e.g. over the phone, "WHAT, you're selling your car for 99 nits?Huh That's a hundred times more than I expected,... ahh, mits, mits, now I understand. Haha, I thought you said nits, haha."

A car for 99 mits... hmm, that'd be about $200,000 per bit, depending on your definition of car.  Guess it'll take a while to get that high, though if it went up a factor of 10 every month, like last month, then we've only to wait until 2012 at the latest.