I'm increasingly seeing people use the "bit" unit, how much is 1 bit? I've never seen this unit explained.
There's been quite a lot of threads on this, both here eg this
https://bitcointalk.org/index.php?topic=592691.0 and at r/bitcoin.
The main aim of this proposal is for bitcoin amounts to be more readily cognizable to (possibly) millions of new adopters over the coming years.