It’s an old term for /dev/null et al. (The New Hacker’s Dictionary has a comic featuring a literal one in the background of the water-powered computer: http://w

It’s an old term for /dev/null et al. (The New Hacker’s Dictionary has a comic featuring a literal one in the background of the water-powered computer: http://www.catb.org/~esr/jargon/html/B/bit-bucket.html http://www.catb.org/~esr/jargon/html/B/bit-bucket.html) I assume this is where the company got their name from; I remember thinking when I encountered them that it was a bit strange to name your company after something that implied unreliability and lost data.