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I am ashamed of myself.

I disagree with Adam Back on something.

He’s advocating changing the Bitcoin units from “Sats” to “Bits”, primarily because Bits makes sense as a fraction of a “Bit Coin”, but also historical references as Bit has been used to denote many units of historical currency.

I hate the idea, yes hate. Here’s why:

Electric car charging. If you charge your car in public you are “charged” to charge your car. You are typically charged $0.50 per 1KW/h of charge. This dual use of the same word constantly frustrates me.

Also a bit is an octal unit of a Byte, where as a Sat is a decimal unit of Bitcoin.

Currently we are charged 1 Sat / vByte for a transaction.

If we were charged 1 Bit / vByte for a transaction, is that Bit 1/8 of a Byte or 1 / 100,000,000 of a Bitcoin?

That’s my 2 Sats view on the debate. Sorry Adam, don’t hate me.

https://x.com/LuganoPlanB/status/1924348844772352187

Beerborn 7mo ago

It's OK to disagree with people you regard highly when they say retarded things 👍

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Discussion

mike 7mo ago

Don't call my lord and master a retard 😂

Beerborn 7mo ago

Then tell him to quit trying to change the name of the base unit. A Sat is a Sat is a Sat

mike 7mo ago

I dare not, I am but a humble pleb 😞

Beerborn 7mo ago

Try this:

I know nuffin' of them "Bits", sire. You mean half-quarter coin or Sats?

mike 7mo ago

Neal 7mo ago

“retarded” is the technically precise word here. it means behind expected development.

for a nocoiner to think “wouldn’t bit be better, it’s silly in the same way a 3 year old thinks it would be better if ice cream rained down from the sky.

the 3 year old isn’t retarded because it’s inline with the thought process of a normal 3 year old.

someone being in btc since its development thinking bit is better is just retarded in the same way a 30 year old thinking it would be better with ice cream rain