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proposing microbit instead of bit

sandervandenberg 2017-12-23 20:59:43 +01:00
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Comments:BIP-0176.md

@ -5,3 +5,8 @@ I propose that "**bits**" should be written in lowercase to differentiate as muc
Wallets and services do not immediately need to adopt "bits" as the default unit.
Both "BTC" and "bits" could be displayed alongside each other in user interfaces for users to get accustomed to the new unit during a transitioning phase.
***
While I like the idea of a better denomination for 1/1000000 of a bitcoin, I feel it is confusing because there are [millibits](https://en.bitcoin.it/wiki/Millibit) already (I believe the Electrum wallet uses them).
Why not use microbits instead of bits? That way it corresponds to the [standardized metric SI prefixes](https://en.wikipedia.org/wiki/Metric_prefix). So:
1 millibit = 1/1000 BTC, could also be written as mbit or mBTC
1 microbit = 1/1000000 BTC, could also be written as μbit or μBTC