Yup. This "bits" was a thing back around 2015ish or whenever it was that btc hit $1000. I made a calculator for it. There was talk of bits, ubits/microbits, millibits, mbits. It was/is confusing (reason I made the calc). I say stay "sats" as that's where we're heading.

https://sbc-v7.on.fleek.co/archive/legacy-20230716/index.html