bluemoon
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November 28, 2013, 12:34:49 AM

So, lets get a vote put up for the following naming conventions:

1. "ceebits" (cBTC) / "embits"  (mBTC) / "mybits"  (µBTC)
2. "centi-bit" (cBTC) / "milli-bit"   mBTC / "micro-bit" µBTC / "satoshi"  (sBTC)
3. "cents" (cBTC) / "mills"   mBTC / "mics" µBTC / "sats (satoshis)"  (sBTC)

Or will this all need a seperate thread of its own?


Yes - if there's a Satoshi for No. 1 sBTC too? Wink

Let's pester for a vote - I think it actually matters in terms of adoption and the future.

Maybe we will then be voting (as you suggested) for a next target of $2 / mBTC !

EDITED doh...


I'm not sure these milli/micro divisions will stand the test of time.

If a bitcoin becomes worth $1 million, the mBTC will be $1,000, still too large for a base unit.

If bitcoin does go to $1 million, the satoshi is the new cent or penny.

How about using old terms like 'buck' or 'quid' for 100 satoshis? In time perhaps redesignate 100 satoshis as the new 'bitcoin'?

We could then call the mBTC a 'grand' or 'grand bitcoin'

All we'd need then would be a good term for a million of the 'new bitcoin' to replace the original!