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It is fun to see people using "sats" considering how hard I was affectionately laughed at in early 2011 when I suggested on Free Talk Live that satoshis be labeled the smallest increment of bitcoin. Nobody laughed thinking "bits" would be better as we all understood how stupid that thought was, but rather because nobody could conceive it being practical.

Derek Ross 11mo ago

i would actually prefer to say bits. it makes more sense to people, imo. it's natural. sats or satoshis doesn't make sense, but whatever, i don't really mind in the grand scheme of things.

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Discussion

Bitcoin Belle 11mo ago

Bits have had an established meaning prior to bitcoin. And we needed a word for discussions rather than speaking in terms of millionths of a bitcoin and a H/T to the creator seemed appropriate. Are you okay with referring to 10 btc as a Finney?

Derek Ross 11mo ago

that would be dumb.

Bitcoin Belle 11mo ago

Lol So we have been calling it that since 2012. So you're using the wrong tense.