Hive users: vote to determine the name of the smallest HBIT unit, the Hivebits version of Bitcoin's satoshi. The voting period will last roughly one week.
Voting closes Tuesday, July 12, 2022.
Any Hive user can vote
- The "ballot" with suggested names is listed below, along with a reason behind the name (if one was provided).
- To vote, go to the link above.
- You can vote for only one or multiple suggestions. You may wish to first see the notes below on "voting power" though.
Why "voting power"?
Voting seems simple: one person, one vote. However, with HBIT and this election, I wanted to also include a user's HBIT holding as part of what might be called "voting power." I think a person vested into Hivebits should have some more say than a bystander. In my view, this meshes well with Proof-of-Stake (POS) or with the Delegated-Proof-of-Stake (DPOS) mindset (that Hive has).
Yet, I do not want it to simply be the more HBIT you have, the more votes you get. I want Hivebits to be easy and accessible to even the newest Hiver. If voting was based only on Hivebits holdings, HBIT whales would really have the only votes that matter. A newcomer's vote would really mean zero.
So, we'll go to the voting power where even a Hive user with holds no HBIT will get a boost. HBIT whales still have most power, but the votes of small fish matter a bit too.
How "voting power"?
- Each Hive user will start out with 100 voting power.
- Then, add 1 voting power for each HBIT the Hive user holds at the close of the election period.
- Hive users vote for one or multiple suggestions.
- That Hiver's voting power will be divided among the suggested names voted for.
- Voting will be private (except to me and my double-checkers, see below).
Example: Sally holds 20 HBIT. Like everyone, she gets 100 voting power automatically. Adding 20 for each HBIT, Sally's voting power is 120. She votes for 4 suggestions. Each suggested name that she voted for will earn 30 votes (120 divided by 4). In this way, she can throw all of her 120 voting power to one suggestion, or she can spread them out.
One-person one-vote would be easier and simpler. This voting power system is a bit more work on my end, but I think with a little spreadsheet help I can make it work.
Why are we voting on Google?
Initially, I wanted to vote on-chain. But, I decided to go with Google Forms. I realize some on Hive are anti-Google and may not like this way to vote. That's fine. I chose to use Google Forms because:
- I want to allow for multiple votes. I don't know of a way to do that on Hive other than with comments (which can get messy).
- It's easy on my end in terms of aggregating votes.
- I always feel bad if someone gets zero votes. That's not something I want publicly visible forever on chain. Transparency has been a goal from day one with HBIT (as with LUV), and I realize on-chain voting would be entirely transparent, but discretion is important too and that's what I'm going with here. Only I will see votes, along with the admins in the LUV-HBIT Discord to double-check me.
- Also, you will need to include your Hive username. This is to (a) check how many HBIT you hold to set your voting power, and (b) prevent any double voting. That means, yes, I'd be able see which suggested names you vote for (and admins too). But, I'll say this: I really don't care whom anyone votes for, I'm just going to do the math and find the winner.
Let's vote!
Suggested names
| Suggested name | Suggested by | Reason provided |
|---|---|---|
| Quarktonium | @bashadow | A very tiny particle, I think. |
| hanobit | @wesphilbin | Simple really. Nanobit, to me, would be a small amount. But this is based off of your original concept, "hivebit" hence "Hano" rather than "Nano"... make sense? |
| Huny | @crrdlx | (1) obvious Hive connection, (2) you can have 1 tiny drop of honey, (3) sweet yet never spoils, (4) I like a misspelled word to make it unique (e.g., I think it's helped LUV being a misspelled version of love because it distinguishes it.) |
| speck | @davedickeyyall | |
| Plancbit | @dadspardan | The Planck is the smallest measurement ever recorded in history and to say sat could be nicknamed planks "wood" be the chefs kiss to it :P |
| Hitoshi | @epodcaster | Because it's similar to Satoshi, but with HI which represents Hive. Which makes it easy for folks to understand it is a fractional amount or something bigger. |
| Hex | @steevc | A hive is made up of hexagonal cells, so that is the smallest element. |
| EIBIT | @edgerik | |
| Crrdlxshi | @arcange | I instantly had the same idea as @arthursiq5 ("Bitoshi"). Congrats to him on being faster to comment. This leaves me with the need to find something else if I want to participate in your contest and my guess is that "Shitobi" or "Shitobit" won't make it. What about "Crrdlxshi"? Does it need any explanation? |
| quark | @noctury | Because it is the smallest known particle. |
| Hive Points or HPts | @jacuiron | The name would still be related to Hive. HBits for big parts, HPts for small parts. |
| CR | @forexbrokr | ;) |
| bitoshi | @arthursiq5 | Because "oshi" is a common name part for smallest part of a token, like Satoshi and Litoshi, and it's a simple and small name, easy to remember. |
| decibit | @superslayer0040 | (Bit) is a binary,so smallest 8 decimal Hibits should start with 1 "decibit*,2 decibits,3 decibits. Pronounced 'desi-bit'.pretty cool i would say .well maybe it just me though. |
| Byte | @wanderingmoon | Because it is the smallest unit in my understanding of binary as far as character strings. |
| Ibit | @syctyr | Half the H and after H in the alphabet. |
| 8bit | @th4488 | Will be awesome. |
| Hotbits or Honeybits | @vagabond42069 | |
| tinylittleBits | @eolianpariah2 | Because the smallest unit will be tiny little HBits but that is too many words. |
| BEEPOLLEN | @eolianpariah2 | Because the grains of pollen collected by bees are very tiny. the bees don't eat it directly but the foraging bees bring it to the hive and pass it on to the worker bees who in turn secrete substances which ferment and break down the pollen. then they add a little nectar to turn it into bee pollen. this bee pollen is the primary source of food for the hive. |
| Hbee | @sieghard1990 | Since a hive is full of them. |
| microbit(s) | @nwb0719 | Because I wanted to keep it simple but yet use an actual unit of measurement. Everyone knows that a bit of something is a piece of that something, and that micro is a smaller measurement of that something hence microbit(s) a smaller measurement of a bit. Something simple and not super complex if that makes sense. |
| Hoshi | @thisisawesome | |
| Itty Bit | @smartalectees | Mmhmm. 😏 |
Final thoughts:
- Thank you to everyone who entered...I'm amazed at the great names you've suggested! Please, don't think you can't vote for your own. It's okay to vote for your own suggestion!
- Thank you to all voters.
- This is entirely for fun. One HBIT sliced down to 8 decimals, well, isn't worth too much. But...
- ...it's also about braggin' rights, which are serious!
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