Re: POLL: What name would you give to the smallest unit of bitcoin (0.00000001)?
I can't beleive no one's hit this one yet...
Since it's a digital currency my mind warps right back to the original Tron (I'm such a geek) where everything was "bits" and "bytes", therefore everything that is a sub-BitCoin is a Byte or ByteCoin.
Since it's a digital currency my mind warps right back to the original Tron (I'm such a geek) where everything was "bits" and "bytes", therefore everything that is a sub-BitCoin is a Byte or ByteCoin.
But a Byte is made up of 8 bits soooo this makes no sense for the geeks among us. When talking bits and bytes...bits are smaller.
On another note we can refer to 8 BTC as a BYTE!!!! 1024 BTC = a KILOBYTE etc. etc. Bet no one thought of that yet!
Millionnaires and billionnaires will be replaced with Bytennaires and Kilobytennaires LoL Can't wait to see who becomes the world's first Megabytennaire (1,048,576 BTC)
You got math in my geek logic.
~I know the mathematical breakdown doesn't add up (ha) but I was going for more of the asthetic of the naming convention. I was trying to avoid the 8 sub decimal naming schemes that keeps cropping up. Interesting and well thought out as they may be, but for the mainstream to get on board I would think that we need to keep it with a "dollars & cents" mindset.
It will make the assimilation....errr...I mean..."migration" process, of the average users a bit easier if it's in a format they can already identify with. Therefore, Bits and Bytes.