@b0rk @palin For the same reason we talk about "digits" in decimal numbers.
A "bit" in a binary (base-2) number can be 0 or 1.
An "triad" in an octal (base-8) number can be 0, 1, 2, ..., 6, or 7.
A "digit" in a decimal (base-10) number can be 0, 1, 2, ..., 8, or 9.
A "quartet" or "nybble" in a hex (base-16) number can be 0, 1, 2, ..., E, or F. Nybble is "half a byte," making it something of a joke.
An alternative name for what we call a "byte" today is, as you'd probably guess, "octet."
Basically, these terms are ways of communicating two pieces of information at the same time: that you're talking about a single digit in some numerical base of some kind, and what the base actually is.