Replying to Avatar hzrd149

Why...

In my eyes this is all a publicity stunt, good wallets have already fixed all the issues listed in this article. And wallets displaying amounts with a decimal are going out of style
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Felix 8mo ago

Speaking from the experiences I made in my circles/culture/language I think the word "bitcoin" is just easier to use and more well known already.

If I tell a nocoiner about a "Satoshi" they usually haven't heard of it before, and it feels kind of weird because its the name of a "Person" rather than a neutral thing. Sounding somewhat Asian makes it even worse for acceptance with more traditional folks as it feels a bit foreign.

Just my vibes, I don't think this will get changed tbh as its years too late, but it would be nice imo.

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hzrd149 8mo ago

I find it very confusing because saying "ill send you 200 bitcoins" to mean "ill send you 200 sats" makes no sense. inside out bubble or event outside in the nocoiner world. the BTC price has solidly cemented in everyone mind how much one "bitcoin" is worth, which is why I think this is just a publicity stunt

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Felix 8mo ago

I totally agree that it would be really confusing for existing bitcoiners, especially as not every exchange/wallet would adopt it. I don't think it has a real chance of happening either.

Although thinking from the perspective of a nocoiner, I imagine the benefits would outweigh the confusion due to the arguments above.

Maybe people like the word "sats" more than I think, idk, i just feel like sats is not a good name for a monetary unit, and bitcoin has good branding already.

The unit itself (the current sat) is great though.

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Felix 8mo ago

RE the bitcoin price being cemented in everyone's head, my vibe is that 80% of the western civilization couldn't tell you if a bitcoin traded for 1k or 100k

https://video.nostr.build/b09a221d232d49388b69306f1e5dca1bd6d6534c04f5954d1795cdb49747dd8a.mp4

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OceanSlim 8mo ago

Sats sound a lot like cents... Which is why it works and is recognizable.