Post
Topic
Board Bitcoin Discussion
Re: How much is 1 bit?
by
dillpicklechips
on 21/05/2014, 04:16:07 UTC

Nope. 1 bit (abbreviation for bitcoin) = 100,000,000 satoshi

100 satoshi is a mike ( abbreviation for microbitcoin) 

WAY more people use bit to be 1/millionth of a BTC than 1 bit = 1 BTC. Why fight the emerging lingo when it adds to the confusion?  Sure it might not be ideal but compared to the rest of the English language it fits right in!