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2 definitions found
From V.E.R.A. -- Virtual Entity of Relevant Acronyms (September 2014) :

         Because It's Time NETwork (network)

From The Free On-line Dictionary of Computing (18 March 2015) :

      /bit'net/ (Because It's Time NETwork) An academic
     and research computer network connecting approximately 2500
     computers.  BITNET provides interactive, electronic mail and
     file transfer services, using a store and forward
     protocol, based on IBM Network Job Entry protocols.
     Bitnet-II encapsulates the Bitnet protocol within IP
     packets and depends on the Internet to route them.  BITNET
     traffic and Internet traffic are exchanged via several
     gateway hosts.
     BITNET is now operated by CREN.
     BITNET is everybody's least favourite piece of the network.
     The BITNET hosts are a collection of IBM dinosaurs,
     VAXen (with lobotomised communications hardware), and Prime
     Computer supermini computers.  They communicate using
     80-character EBCDIC card images (see eighty-column mind);
     thus, they tend to mangle the headers and text of
     ASCII/{RFC+822">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.
     [{Jargon File]

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