Quote from: coinguycanada on August 30, 2014, 02:33:47 AM

I was wracking my brain on a way to honor Hal, and this is the idea I came up with. I shared on Reddit, Twitter, and other places, but I thought I would share here too. I propose we rename 0.0000001 BTC as the Finney. Just as we honor Satoshi for 0.00000001.

Or using scientific notification:

1e-7 BTC = 1 finney
1e-8 BTC = 1 satoshi

You can see other comments/discussion on Reddit:
http://www.reddit.com/r/Bitcoin/comments/2ewp3z/i_propose_we_rename_00000001_btc_as_the_finney/

Not sure how something like this becomes official, but I guess if enough people use it, then it becomes part of the Bitcoin language.

I don't think we need names for these very small denominations for bitcoin at all. I agree with having the satashi because it is the smallest possible denomination, but anything in terms of more then 3 decimal places will really never be used because three decimal places to the right of bitcoin is roughly $.50 and there is no real value to trading in these increments.