Quote from: DannyHamilton on May 20, 2014, 04:39:41 PM

Quote from: bg002h on May 20, 2014, 04:25:31 PM

A bit is a micro-bitcoin. This leaves two decimal places...

Now that's just silly.

I don't know anybody that uses the word in that way. That seems like a great way to cause confusion.

With that usage you can't shorten the word "microbitcoin" to "microbit" in conversation, since microbit would apparently actually mean micromicrobitcoin? Bah, that's just ridiculous.

I think I'll stick with the usage I hear regularly.

More people are using 1 bit = 1 uBTC than 1 bit = 1 BTC. Have a look at r/Bitcoin. It makes more sense if we make the assumption that bitcoin gets popular in the future and practically no one will have a whole bitcoin.

It's a good solution to quite a few problems.