Quote from: rgenito on October 25, 2014, 02:03:47 PM

Quote from: phillipsjk on October 23, 2014, 05:04:03 AM

Quote from: pequelore on October 23, 2014, 02:54:40 AM

Quote from: Oscilson on October 22, 2014, 08:52:43 PM

1 bit = 100 satoshi.

Is "bit" the official term?

No, but it does appear to have some of the big players behind it.

Since Coinbase adoption, I have mostly stopped following it. Apparently many wallets support it as well.

It is also apparent that Americans find the Metric system confusing for some reason. Though in grade 2, it was taught with props: 10 cubes make a stick of 10, 10 sticks make a sheet of 100. 10 sheets of 100 make a cube of 1000. Actually that is not explaining the Metric system per se: that was explaining how Arabic numerals work. I think all the metric names for orders of magnitude were covered in grade 3.

Edit: removed duplicate 2011 discussion link.

Good point phillipsjk...looks like bits "won"

As teukon mentioned, Gavin (senior bitcoin developer) also adopted "bits". Other services I have found that entirely use "bits" as the smaller unit:

http://gambit.com -- tons of fun games, play for bits.
http://breadwallet.com -- best iOS wallet, hands down.
https://wallofcoins.com -- get cash for your bitcoin fast.

Good closing for this post, especially with all of the Bitcoin peeps understanding what "bits" is

Are you blind? 100 satoshi won the poll ! Who cares about bits, and nits and tits, 100 satoshi is straightforward and no fancy mambo jumbo there. Simple and to the point.