Post
Topic
Board Bitcoin Discussion
Re: 1,000,000 bits = 1 bitcoin. Future-proofing Bitcoin for common usage? VOTE
by
gojomo
on 02/05/2014, 21:22:36 UTC
100 satoshis (no more than 2 digits after the decimal point) is the right unit size... but all variants of 'microbitcoin' are awkward names: "microbitcoin", "µBTC", "microbits", "crobits", "eubits", "mubits", "mics".

Unfortunately "bit" is also a problematic name. Some reasons are listed here:

http://zibcoin.org/faq#why-not-bits-to-mean-microbitcoins

The best bet would be to make-up another distinctive one-syllable word that doesn't have any conflicting meanings inside the Bitcoin system.

My proposal is 'zib', chosen to be very similar to 'bit' – usable in all the same places – with even-better options for abbreviation and no meaning-collisions. More info is at:

http://zibcoin.org

...and discussion thread....

https://bitcointalk.org/index.php?topic=529301