I think 100,000,000 Sats per coin is less intuitive to normies than 2.1 quadrillion bitcoins.
Plus 2.1 quadrillion might end the “there aren’t enough bitcoin to be money” FUD since a quadrillion sounds like plenty.
Unit bias is an issue with Bitcoin. Newcomers often buy Dogecoin or other altcoins simply because they can own "a lot" of them, while the idea of ever owning a whole Bitcoin feels impossible. One proposed solution by nostr:nprofile1qqsgeksa4tajm7x673gq2v7t56dkgkh6pjhhzdhrgxlpke4za8jmmkqpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgqgjwaehxw309ac82unsd3jhqct89ejhxqgkwaehxw309aex2mrp0yhxummnw3ezucnpdejqetk0p4 is to shift the language from 21 million bitcoins to 2.1 quadrillion bitcoins. Bitcoin is a great brand name and using satoshis or sats can be confusing. This would fix that too.
However, I feel this proposal would create confusion too, especially for those new to Bitcoin and for the media—because for 16 years, people have heard there are only 21 million bitcoins. Explaining that the total supply hasn’t changed, only the denomination, would be exhausting. Personally, I think calling them “sats” isn’t very intuitive, they should’ve been called “bits”, but at this point, I don’t really care.
¯\_(ツ)_/¯
Discussion
What about when we have 1 sat = 1 dollar parity and we need to use L2's like lightning to introduce subunits like millisats?
LN doesn't like to use decimals, so do we need to invent a new unit for that or is millisats still okay?
"That will be 1 bitcoin and 200 millisats please."
If one sat is one bitcoin then you would say, “your total is 1.2 million bitcoin please”
One dollar sat parity sets in, I doubt you’ll need decimal points considering the lack of value in a single dollar lol
No, I was saying 1 Bitcoin but meaning 1 satoshi...
But fair enough, maybe you wont need subunits of bitcoin, but don't underestimate the utility of micropayments in the future when we have a digital money. (E. G. Streaming money)
I am so ready.
I want to get to a point where I could pay my employees instantly by the hour. Clock in and watch the bitcoin roll in!