Post
Topic
Board Bitcoin Discussion
Re: [brainstorm then a vote] Nickname mBTC!
by
DannyHamilton
on 26/06/2013, 00:10:19 UTC
Q:  Which of the following sounds better to the AVERAGE person:

Your meal comes to 2.5 ________.  

a)  bitmills
b)  millibitcoins
c)  millibits
d)  "m.b.t.c's"
e)  bits

Yes, a subjective question, but I think it's safe to assume a poll of the general population would show a preference for "bits" 9 out of 10 times - possibly more.

Nah, if you insist on a one syllable word, use mils. Far too much use of "bits" in the world already, you're just adding to the confusion:

http://en.wikipedia.org/wiki/Bit_%28money%29

Quote
In the United States, the bit is equal to 1/8th of a dollar or 12.5 cents.
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the Danish West Indies used stamps denominated in bits and francs with 100 bits to the franc; the lowest value was five bits
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Britain, Ireland and parts of the former British Empire, where before decimalisation a British-style currency of "pounds, shillings and pence" was in use, the word "bit" was used differently. Rather than representing a specific monetary value, it was applied colloquially to a range of low-denomination coins in the sense of "coin" or "piece of money".