Post
Topic
Board Bitcoin Discussion
Re: More than a year and still no consensus on uBTC unit? Consensus is overrated?
by
teukon
on 19/11/2014, 14:23:37 UTC
We all know the general consensus is "bit".  I've been using the term for months, and it's plastered all over Reddit.  I know some people here disagree with the name, but you can't deny that it's by far the most popular and used term by many factors.

"bit" is relatively popular as a name for 100 satoshis.  "by far the most popular" is defensible but a bit of a stretch; support for "microbitcoin" or some abbreviation thereof is certainly not insignificant, particularly as "μBTC" stands for "microbitcoin" just as "km" stands for "kilometer" and "GB" stands for "gigabyte".

There is most certainly not a "general consensus".  The term "consensus" strongly suggests the approval of all or almost all people involved.  Even a cursory glance at the responses in this thread will reveal that, far from being almost universally accepted, the term is still highly antagonistic.

Perhaps the only terms which enjoy a "general consensus" are "bitcoin" and "satoshi".  The fact that the syllable "bit" partly undermines "bitcoin" is, in my opinion, the root of the controversy, and the reason we will not achieve consensus for a very long time.