"bits": Unit of account



Summary:

The discussion revolves around the term "bit" and its usage in different cultures. While Chris Pacia believes that the term is only overloaded for those who are tech-savvy, Wladimir counters this by stating that it is a very anglocentric way of thinking. In the Netherlands, a "bit" refers to something that is put in a horse's mouth and used as an imported word in the information sense. The term has never been used for money in the Dutch culture. Therefore, when considering the usage of the term "bit," it is important to take into account its usage in different cultures.


Updated on: 2023-06-08T20:02:57.409171+00:00