BITNET: /bit'net/ [acronym: Because It's Time NETwork] N.

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:BITNET: /bit'net/ [acronym: Because It's Time NETwork] n.
Everybody's least favorite piece of the network (see {network,
the}). The BITNET hosts are a collection of IBM dinosaurs and
VAXen (the latter with lobotomized comm hardware) that communicate
using 80-character {{EBCDIC}} card images (see {eighty-column
mind}); thus, they tend to mangle the headers and text of
third-party traffic from the rest of the ASCII/{RFC}-822 world with
annoying regularity. BITNET is also notorious as the apparent home
of {BIFF}.
-- The AI Hackers Dictionary