It's short for binary. And a 'bin' is where you put your rubbish, not your hard work.
However, I will continue saying "bin" because old habits die hard and "bine" just sounds wrong to my brain for no good reason :)
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edit: A quick search turned up the `bind` command to bind a name to a socket. That makes sense.
However, I will continue saying "bin" because old habits die hard and "bine" just sounds wrong to my brain for no good reason :)