We're on a small, but steady bull trend for STEEM and this means that, sooner or later, we will start to use smaller and smaller fractions of our STEEM, just as people are using smaller and smaller denominations of Bitcoin, simply because the fiat value of the Bitcoin is way too big. If it were for me, I'd start using those smaller denominations of STEEM rather sooner than later.
The problem is that we don't have yet names for the smallest denominations of STEEM. Bitcoin has names until the eighth decimal, but not STEEM. So I decided to go the crowdsourcing way here, and wrote a couple of polls. To my surprise, there were a lot of suggestions. As time went by, new names were popping in, so it was difficult to make the calculations.
So I let those posts to cook for a while, until the comment stream faded. And then I compiled a list of all the proposals (hopefully) and I'm posting them again, this time with a deadline: I will wait until Sunday, June 18th, 12:00PM UTC. After that, I will tally up the numbers and submit a Pull Request for the Steemit White Paper on Github. There's no guarantee the Steemit Inc will approve the PR, but at least we tried.
Without further ado, here was my initial proposal:
| Unit | Value in USD | @ $1 per STEEM |
|---|---|---|
| STEEM | 1 | $1 |
| mSTEEM (milliSTEEM) | 0.001 | $0.001 |
| μSTEEM (STEEMbit) | 0.000001 | $0.000001 |
| STEEMtoshi | 0.00000001 | $0.00000001 |
For the first 3 levels (steem, milisteem and steembit), there was - overall - consensus. The poll will mainly be for the 8th digit denomination, the one I called STEEMtoshi. Below is a table with the name for that denomination and the Steemit username who proposed it.
| 8th Digit Steem Name | Proposed by Steemit username |
|---|---|
| STEEMtoshi | @dragosroua |
| Scotti | @steevc |
| Nedans | @steevc |
| Daned | @liberosist |
| Lar | @rgeddes |
| Dani | @stephen-somers |
| Heet | @lennstar |
| Pst | @girlbeforemirror |
| Id | @girlbeforemirror |
| Ned | @wilx |
| It | @kingofdew |
| Puff | @codypanama |
| Nad | @demotruk |
| Gas | @nicnas |
| Mist | @nicnas |
| Drop | @trevorlyman |
| Vapor | @trevorlyman |
| Bubble | @trevorlyman |
| Drip | @trevorlyman |
| Wave | @trevorlyman |
| Steembit | @anonimnotoriu |
| SteemLar | @creatr |
| Vim | @akrid |
| Steemlet | @gyanibilli |
| Steemer | @dhwoodland |
Cast you vote in the comments, one vote per account. On Sunday I will tally up the votes, announce the result and submit the PR. I think it will be also useful to spread the word a bit about this, the more people we get on board, the better.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
https://steemit.com/~witnesses
Torn between steembit and heet.
Let's go Heet - since as it builds up you'd get more steem. Seems like a good abstraction for the currency.
MilliFart $0.001
I guess that's not on the list tho.
Nope. It's not on the list :))
i like this one! Steemfart!
Nice initiative @dragosroua. So will this mean you also start getting reward even if it is lower than 0.01$? Or are you already getting those but is the system not displaying it because they are too small? I like the sound of Steemtoshi but i would like Steem to differentiate more because it is more than just a crypto.
Therefore I submit my vote for "Steemlet"
You already get rewards even if it's lower than $0.01, if you look in your wallet history sometimes you may get rewards as small as 0.001 SP, which is $0.0023.
Huh that is new information for me. After reading this I went back to my wallet page and you are of course correct. And here I was thinking that I had to grind it out to get 200 SP (should be 0.01$ by my calculations) with the idea of only then being able to give back for what I get. Thank you for setting me straight!
Steemtoshi works for me.
Steemtoshi, in keeping with Satoshi and bringing in the new.
I think STEEMtoshi is a great name. It has my vote as well.
STEEMtoshi has my vote as well!
SteemToshi is great hahahhaha
STEEMtoshi works for me.
+1 for steemtoshi
I like these:
Drop $0.001
Mist $0.000001
Gas $0.00000001
Some good ideas. STEEMtoshi is a nice idea when thinking about the origin. HOWEVER, when thinking about the future mass adoption by the average joe and joane and the crypto origin going more in the background (do you know assembler? no, but you can use the software), for me by far the best idea is HEET
Steam and heat belong together like sun and light. Without heat no steam.
Give me some HEET so I can STEEM up
Finally I'm HEETed enough to get STEEMing
So much ENERGY in this community :D
only one vote? Meh...
then I have no choice but to go for Heet, right?
STEEMtoshi feels to "copycat-ish"
I'd go for Mist!
yea i think it sounds like a joke
I like SteemLar for the eighth decimal place... Seems fitting...
😄😇😄
Added your suggestion to the list.
Wow, good job , steemlet has a ring to it, since steemit is a different crypto, i would prefer we not have any reason to make people think were another bitcoin wannabe.
Steemtoshi is great as a pointer that its a crypto, but it lacks creativity.
Small changes , big subdivision, the business world starts to look like subatomic physics.
The photon in me salutes the photon in you :)
I have to go with Vim :)
Can we change STEEMtoshi to STEEMlets?
I added your suggestion to the list.
Thanks :)
A Bubble. Wouldn't you like to walk around telling people you have 3000 bubbles?
I added your suggestion to the list
Actually, i was voting on @trevorlyman suggestion. He suggested bubble. Sorry I didn't make that clear
Sorry :) Got it now.
Aww I like Steembit, Steemtoshi otherwise. I think some of the others are very well found, but confusing! :-)
How about 0.00000001 = 1 vim
Added your suggestion to the list.
Thanks!
Steem needs to have a clearly independent identity from Bitcoin, so don't call it steemtoshi. Mist is good :)
Steemlet is cool as well.
I like STEEMlet!
I'll go for steemtoshi it can easily to familiarized and known in which denomination it was referring to. Go steemtoshi!
drop sounds quite good!
I like the steembit
I vote mist! It fits well with steem too.
Hi there, my favorite is Vapor for 0.00000001
I like "Steembit" to save STEEM in the name and "bit" as something widely recognizable.
I'll go for "Drop" @dragosroua!
I'm voting for Heet
Steemoshi - which will be shortened to a Moshi.
Steemtoshi sounds a bit Tosh;D~
STEEMtoshi
+1 Steembit, but I also suggest "Steemer" for the list
Added your suggestion to the list.
Much appreciated!