Millibit

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The name chosen by popular vote in poll on the Bitcoin forum to represent the SI unit of 0.001 bitcoins (BTCs).

Examples

  • One thousand (1000) milliBits refers to 1 bitcoin or 1 BTC.
  • Twenty seven milliBits refers to 0.027 bitcoins, or 0.027 BTC.
  • 1.375 BTC may be referred to as one bitcoin and three hundred seventy-five (375) milliBits.

The poll was announced on May 14, 2011 to come to an agreement of a more commonly used name[1]. With the market exchange rate nearing $10 USD per BTC, a name for the sub-bitcoin unit was needed.

A milli is the International System of Units (SI) prefix representing one thousandth (1/1000th)[2].

See Also

Reference

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  1. ↑ What to call 0.001 BTC?
  2. ↑ SI prefix
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