I'd argue that deciding to name 8 bits a byte and making the abbreviation of the latter simply the capitalization of the former was an ill-considered choice, and has led to much confusion, consternation, and gnashing of teeth over the years.

We should adopt the telecom term octet, and just get rid of the term byte.

Then again "Megaoctet" doesn't quite flow, but there would be no confusion between a bit and an octet however you abbreviate it. We're still left with is deciding whether to multiply by 1000 or 1024 for each magnitude though.

If we could just agree to use only one or the other, we'd be fine!