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Once upon a time a bit was 1/8th of a dollar (it seems like more than just a coincidence that it's also 1/8th of a byte) and 2 bits was a 25 cents. I imagine it must be slightly confusing to seniors when they encounter ransomware and the demand for hundreds of "bit coins" (although actual coins that were worth 1 bit haven't been in fashion within living memory, the term was still used in media within my lifetime).
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