Quote from: btcton on May 24, 2014, 12:33:48 PM

I don't see why we want to stick to bit so bad. Mike sounds perfect to me.

'we' don't want it, it's just about 10 persons or so who are vouching for 'bit'

Quote from: DrBitcoin on May 24, 2014, 01:33:34 PM

On a side note, you can't have bits be the smallest unit and then call a larger unit a microbit. People would have to say "microbitcoin" every time. I guess they could say "micro", but that doesn't go with the bits/bitcoin naming scheme.

100,000,000 bits = 1,000,000 X = 1BTC

Solve X and you've solved the problem

that's why bit = 1BTC because otherwise names like microbit would not make sense. A centimeter is not the same as a meter, so a bit is not the same as a microbit either.

People will use microbit/millibit because that's just the natural thing to say instead of microbitcoin and millibitcoin. If you have never heard of any of the names the community has thought of, these are the first things that most people will think of. And since we are still in the innovators / early adopter stages there will be many new persons joining every day for the next couple of years. If we would use 'bit' to mean anything else than a full bitcoin, i can guarantee you we will have this very same discussion for years to come.

If you are not looking forward to keep explaining that for some reason a bit is somehow equal to µBTC for the next couple of years, just tell them 1 bit is an abbreviation of 1 bitcoin and be done with it.