Quote from: singularity on May 23, 2014, 12:54:19 PM

Oh come on dude!

This poll is worthless since you decided on your own that "bit" is not viable even though most people disagree with you.

You make a pole specifically where "bit" is not an option simply because you know that this is the case.

Have some honour man.

first of all there's not a majority of people who disagree, it only looks like currently a 'bit' is used widely on reddit as the most common nickname. However there is much controversy on the name.

Also, the people that 'disagree' with me come with arguments like: "but 100 satoshi need a name so we can divided a bit in 100 satoshi" which is NOT an argument for the name, but an argument for the unit itself.

Also, why is this poll valid, and the one i posted is not?

The poll i made is to find alternatives for the word 'bit' that is not controversial and not confusing.

Quote from: singularity on May 23, 2014, 01:01:43 PM

1 millionth of a bitcoin = a bit.
100 millionth of a bitcoin = a cent or a bit cent.

In my opinion this is the most appropriate solution for the average person.

Stop pushing your agenda onto people Zimmah.

this is exactly what i mean, people just want a name for the unit but they believe 'bit' is the only available name. My goal is just to show that 'bit' is not the only possible name and there are much better names out there.

Also, a bitcent would be 0.01BTC and not 0.00000001BTC (which is called a satoshi)

Quote from: franky1 on May 23, 2014, 01:36:36 PM

A*holes... please stop making new poll. this is like the bitcoin foundation re voting and revoting until finally they get a pedofile voted in..

it does no good for anyone..

the community has already voted bit as being over 70% winner out of over 500 voters.. so unless you are offering any brand new names stop making newpolls that are all the same old idea's but simply and with huge biases ignoring 'bit'.

wrong, the community voted for NAMING the unit µBTC but there never was a poll on WHAT the name should be. And this poll is there to do just that. You are blaming me for skewing a poll while you did exactly just that. I am just repairing the damage you caused. And i'm definitely not the only one who thinks this:

Below this line are some quotes

https://bitcointalk.org/index.php?topic=617549.0

Quote from: kokojie on May 20, 2014, 02:16:46 PM

I'm increasingly seeing people use the "bit" unit, how much is 1 bit? I've never seen this unit explained.

Quote from: hilariousandco on May 20, 2014, 02:21:18 PM

Quote from: kokojie on May 20, 2014, 02:16:46 PM

I'm increasingly seeing people use the "bit" unit, how much is 1 bit? I've never seen this unit explained.

Not sure. It's not on here: https://en.bitcoin.it/wiki/Units

You sure it's not just an abbreviation of Bitcoin. Ie 1 bitcoin equals 1 bit?

Quote from: DobZombie on May 20, 2014, 02:29:09 PM

Not this again Cheesy

Quote from: Balls on May 20, 2014, 02:32:34 PM

All these units are really confusing. Havent even heard of half of them.

Quote from: bg002h on May 20, 2014, 03:00:31 PM

Having two decimal points is something a lot of financial software has come to expect

http://blog.bitpay.com/2014/05/02/bitpay-bitcoin-and-where-to-put-that-decimal-point.html

(yet another argument for the UNIT, not for the NAME)

Quote from: DannyHamilton on May 20, 2014, 03:05:56 PM

Quote from: kokojie on May 20, 2014, 02:16:46 PM

I'm increasingly seeing people use the "bit" unit, how much is 1 bit? I've never seen this unit explained.

Bit is just an abbreviation of Bitcoin.

People who don't feel like typing out the entire word "Bitcoin" will often stop after the first three letters, assuming that the rest of the word is implied.

As such, 1 bit is currently (at the moment that I'm typing this) equal to $470.00 at BitStamp (see there's that word "Bit" again imbedded in the name of the exchange).

That means that 1 bit is equal to:

1 bitcoin
1,000 millibitcoin
1,000,000 microbitcoin
100,000,000 Satoshi

Quote from: giszmo on May 20, 2014, 03:30:50 PM

Quote from: serenitys on May 20, 2014, 02:42:34 PM

This is going to bring most Americans to a grinding halt since we didn't go by metric system - that was taught secondary as an aside so most of us feel like 3rd graders again when we encounter it, right before summarily dismissing it in favor of the good old "Murican way. Grin

bit is not metric at all! Apart from it never being defined not even on the tipping bot website where I saw it being used most, people hugely disagree on what it means and it totally confuses people.

mɃ and uɃ or µɃ are "metric-ish" as they are compositions of a base unit Ƀ/BTC/Bitcoin/BTC (we all know) and a multiplier out of the well known set of nano (the smallest that would make sense for Bitcoin denominations), micro (µ/u to distinguish from milli that also starts with m), milli, kilo, Mega, Giga, Tera (and as Bitcoiners we increasingly get used to Peta-hashes/s as well as Exa later this year and eventually next year Zetta Wink

)

Quote from: DannyHamilton on May 20, 2014, 04:21:17 PM

Quote from: Malin Keshar on May 20, 2014, 04:10:14 PM

- snip -
I personally don't like bit as abbreviation for btc because it can cause confusion with other bits like electronics bits or quantum bits

Or other monetary bits?

http://en.wikipedia.org/wiki/Bit_%28money%29

Quote from: yayayo on May 20, 2014, 04:31:45 PM

Quote from: Aswan on May 20, 2014, 04:27:10 PM

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

Quote from: bg002h on May 20, 2014, 03:00:31 PM

Having two decimal points is something a lot of financial software has come to expect

http://blog.bitpay.com/2014/05/02/bitpay-bitcoin-and-where-to-put-that-decimal-point.html

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

From link above:

"Fundamentally, the goal is to move to micro-bitcoins (uBTC, bits). This is most compatible with existing financial software."

It's not at all compatible with an already existing word used in the tech world as well. I am pretty sure it's just an occurrence we'll get rid of eventually.

I don't know who came up with the idea. I don't think it's very clever to introduce "bit" as another unit. It's simply confusing. Satoshi and Bitcoin are enough.

ya.ya.yo!

Quote from: DannyHamilton on May 21, 2014, 04:06:53 AM

Quote from: dillpicklechips on May 21, 2014, 02:19:05 AM

Quote from: ijmolder93 on May 21, 2014, 02:16:42 AM

If you know what satoshi's are, it is 1 satoshi. Or 1/1000000 of a Bitcoin

Nope. 1 bit = 100 satoshi

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

100 satoshi is a mike ( abbreviation for microbitcoin)

Quote from: Aswan on May 21, 2014, 03:15:05 PM

Quote from: zimmah on May 21, 2014, 02:36:59 PM

Quote from: windpath on May 21, 2014, 02:38:38 AM

People, get it together....

BTC1 Bitcoin = 1,000,000 Bits
BTC 0.000001 Bitcoin = 1 Bit
BTC 0.00000001 Bitcoin = 1 Satoshi
0.01 Bits = 1 Satoshi

Bit is solid because in the current protocol it leaves 1 Satoshi (the smallest possible increment) as 0.01 Bits.

This makes "Bits" or "Bit" compatible with every existing accounting system/shopping cart out there....

edit: DOH! added correct 0's

the fact that this tread exists means bit is a terrible name, although having a name for the 100 satoshi unit is a nice thing, 'bit' is just a very stupid name.

Quote from: DannyHamilton on May 21, 2014, 04:06:53 AM

Quote from: dillpicklechips on May 21, 2014, 02:19:05 AM

Quote from: ijmolder93 on May 21, 2014, 02:16:42 AM

If you know what satoshi's are, it is 1 satoshi. Or 1/1000000 of a Bitcoin

Nope. 1 bit = 100 satoshi

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

100 satoshi is a mike ( abbreviation for microbitcoin)

there, that's logical.

1 dollar = 1 dollar
1/100 dollar = 1 cent (short for centi)
so 1/1000000th of a bitcoin = mike (short for micro)

+1

This guys actually came up with something that is not confusing and just as short plus it has an actual meaning that comes from the unit it represents. I am gonna start using this immediately.

Quote from: HashBTC on May 21, 2014, 11:30:45 PM

Simply means 1 BITcoin

From reddit:

Quote

This seems like a very American problem.
I buy my milk in liters (l)
I buy my wine in centiliters (cl)
I buy my nasal spray in milliliters (ml)
I buy my rice in kilograms (kg)
I buy my Coke in grams (g)
I take my MDMA in milligrams (mg)
I measure my penis in micrometers (um)
It comes natural to most of the world and if you get it wrong once you don't get it wrong again!

(this is the top comment) http://www.reddit.com/r/Bitcoin/comments/1rmto3/its_bits/

Quote

It is my understanding that "bit" is slang for the male genitalia in French.

Quote

People have been bikeshedding about these things for years now. There have been bitcointalk threads about this since 2011 and maybe even before that.
The developers of bitcoin-related software seem to stick to metric prefixes and it seems unlikely that this will ever change. There's no need to worry about the latest reddit proposal; it will have zero impact like all the others before it.

Quote

you may have a point. In most polls the traditional 'millibit' seems to win consistently.

Quote

Yep. If people want a nickname, pick anything that won't be confused with hard-drive sizes, FFS.
/u/changetip 5 mBTC

also, there was a thread about this years ago, but they never managed to actually find a name other than µBTC apperantly.

https://en.wikipedia.org/wiki/Mill_(currency)