Bitcoin Dev Archive / 2017 BIP 176: Utilization of bits denomination 1 message, 23 Dec 2017. Started by millibitcoin. millibitcoin Supply, subsidy and halvingsBIP 176 Permalink | Original thread on gnusha.org millibitcoin 23 Dec 2017, 19:05 UTC permalink original Why not use "coinbit". A bitcoin is equal to 1 million coinbits. A bit could then be seen/used as an abbreviation of coinbit.