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 |  |
| Scotti |  |
| Nedans | |
| Daned |  |
| Lar |  |
| Dani |  |
| Heet |  |
| Pst |  |
| Id | |
| Ned |  |
| It |  |
| Puff |  |
| Nad |  |
| Gas |  |
| Mist | |
| Drop |  |
| Vapor | |
| Bubble | |
| Drip | |
| Wave | |
| Steembit |  |
| SteemLar |  |
| Vim |  |
| Steemlet |  |
| Steemer |  |
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
https://steemit.com/~witnesses