Nope, nope, nope, nope.
#SatsAreTheStandard ✨
Discussion
Sats are standard 🫡🫡
The standard will be determined by adoption. If more people do this, this will be the standard. Will you just not use Bitcoin with merchants who display totals this way?
Estamos hace mucho en la lucha de la adopción de bitcoin y más en sats cuando nació lightning
Sats are the standard
Probably because that's how every other currency is displayed. You could move sats to the front but it would look dumb. I can see a point for UX and UI consistency.
Decimals were always arbitrary and I have long stopped using them in favor of sats. So I have no issue there.
Sats really only makes sense to people deeply entrenched in the early history and culture. This makes more sense for some fucko who just wants to pay and be done. And that's eventually going to be most people who use Bitcoin, if every other technology is an indicator of how much understanding the average user will have.
You could make some other symbol for sats, but the Bitcoin symbol makes the most sense to me. I can't come up with anything more recognizable for the largest number of people than the first letter of the currency name.
I just don't see this as a hill to die on when it comes to growing adoption and use. Do I prefer sats? Sure. Does it make the most sense when all other currencies have a symbol out front? No.
Got it.
Hundred million bitcoin = one bitcoin
"One Bitcoin" has always been arbitrary. Besides, as time goes on, almost no one will have any concept of "one Bitcoin" anyway. Imagine buying a meal or paying rent in a fraction of a billion dollars. One Bitcoin made some sense when people were paying 10k for a pizza, but it was still arbitrary as a unit.
And since Bitcoin is purely digital, there really isnt a need for fractions of units like with physical money. It would be impractical to carry and use $100 in pennies. Hence paper money up to the 100 bill. It makes no difference in Bitcoin.
And even if you do think it's useful to keep a similar structure (I'm open to having my mind changed), starting the structure at 100M sats is ridiculous at current values. So you just have no system until you hit 100M for 1 Bitcoin? That's like two years of the average US income just to get to the first denomination. Makes no sense. We could arbitrarily try to make some system but I don't see the point over just using sats or even the Bitcoin symbol at the front. I just don't see the big deal for anyone outside the five of us who even get what it means.
They will fix it one day watch 👀
I get it by wanting to have it act as a dollar sign or any other fiat currency. But my counter would be as Bitcoin is unlike any other fiat currency. So why do we have to have a symbol in front of it? How about 12000 SATs
$ = Satoshi
We can change the dollar sign to a D with a line through it.
It makes more sense in the eyes of no coiners unfortunately.
Language is decentralized, alwas has been. Keep that stuff up and you will get the Esperanto version of bitcoin naming.
It's literally in my bio. #SatsStandard
you know whats even more frustrating are these large companies are not supporting NIP-57 zaps
Yes! If someone gives me 21 bitcoin, I want an ACTUAL 21 bitcoin, not just sats! That's false advertising and extremely confusing and defamation of bitcoin!
Why do they want to introduce deception into truth money!? Don't be deceptive, be honest, call sats sats and bitcoins bitcoin! They are NOT the same! But they are parts of the same.
I don't call my arm "body" because I think people are so stupid that they can't understand that I'm talking about a part of a whole 🙄🤣
The fact cash app and vemo and all those other things exist shows how far behind the American banking system is.
I can send fiat money to people's bank accounts using their phone number or email address, it's instant with no fees.
Don't fix what's not broken