i have never met a non-bitcoiner that understood sats, since they've only ever heard of the word bitcoin before.
Discussion
True, it always requires explanation, but calling whole coins Bitcoin and sats Bitcoin cannot be explained.
That is confusing and I don't know of a better way around it, but in the future most people will never own 1 full bitcoin so to me it makes sense in the long run and that to me is less confusing than trying to explain an unrelated term. Since Bitcoin has a lot of marketing power and brand recognition, it makes sense to utilize that since the masses aren't aware of the 'sats'.
😂 Love all of you guys nostr:nprofile1qqs03ekxgdp0rczjfqrrpcn7zqtdec6lcwnpfesyxnl0f239qvege2gpr9mhxue69uhhqun9d45h2mfwwpexjmtpdshxuet59uq3wamnwvaz7tmjv4kxz7fwdehhxarj9e3xzmny9uq3wamnwvaz7tmjv4kxz7fwwpexjmtpdshxuet59u26shsp nostr:nevent1qqszjy4whfyx49mx34gss4ueknwqhl0jhsc2zfkh3nnu0pwcu2hr4wgpz9mhxue69uhkummnw3ezuamfdejj7q3qaeh2zw4elewy5682lxc6xnlqzjnxksq303gwu2npfaxd49vmde6qxpqqqqqqzjzzkwd
More glowie bullshit from you as usual
Imagine the confounding poor’s rage when they try to rationalize the purchasing power discrepency between ten Bitcoin versus ten sats. They will certainly become enraged and angry at rich multicoiners.
It’s setting people up for a new wealth divide and rubbing their faces in it. Not cool.
Guess what our biggest "brand" related recognition the one everything builds on and ever normie knows about is there are onl 21 MILLION BITCOIN. By calling sats bitcoin this gets completely thrown out of the window.
Bitcoin should be used for the monetary system and the whole coin in my opinion
Then we will have micro-bits? It will have to be divided further eventually.
for me it is sats 😅
micro or mili? i dunno, but we already do that for lightning :)
Either or. Micro-bits and Milibits don't sound as good microsats or milisats.
i really think you're only saying that because it's the term you've heard since you've been in bitcoin. it's familiar to you. i like familiarity too, but when i think about other people, they've heard of the term bits before and because of the definition of the term, they know that they're small, or a part of something. sats is an unknown word and unrelated to bitcoin. at least bit is part of the word, so the association is clear.
How about μ₿? 1μ₿ = 100 sats, which is already workable. I also know, that sats is a friction point. So I would only have one name + metric prefix, that many familiar with.
imo the problem with that symbol is 1) i am too dumb to know how to say it or pronounce it and 2) i am also too dumb to figure out how to type it on a keyboard without googling it.
now i am a dumbass from time to time, so i could be wrong here, but i think that symbol is even worse for the masses.
Bitcoin, with a capital B is usually used for the whole ecosystem and network, while bitcoin with lowercase b is used for the monetary asset.
I'm sure you're a nice guy, but who TF cares?
Following your logic, they may not know what a sat is, but they MAY know the market value of one bitcoin if they're LiTeRaLly paying in bitcoin via Square.
Having a coffee be 6,000 bitcoins is just DUMB.
Either
A. Use sats
B. Use bitcoins
Don't use A but call it B 🤦🏻♂️
you only think it's dumb because you know about bitcoin. the other 7 billion people do not.
https://bitcoinerrorlog.medium.com/bip-177-for-dummies-3993db575490
This article convinced me
Lol, that's gay 🤣.
It takes work and time to understand sats . I love bitcoiners that know lightning and use "stack sats and stay humble" 🤌⚡️
not everyone refers to 0.01 of X currency unit as a cent either
by using the bitcoin symbol you are creating confusion by overlapping 2 definitions
an unknown concept takes only 30 seconds to explain
if you have to explain it, there's probably room to improve user experience.
that would be possible if people had innate knowledge of everything that exists on this planet
try explaining to someone that there are 2 conventions, one is bitcoin referring to whole coin, and one being a synonym for sats, with no good way to tell, and that this has no reason to exist
If I take my irl friends for example, most of them are nocoiners. They all understand what sats are. Only had to explain with this: there’s 100M sats in 1 bitty. They just got it right away.
But to your point, I still don’t fully get why most don’t understand this.
There is also the fact that what is being done here is rewrite an existing term. Bits vs sats is preference, everyone knows 1 bit = 100 sats.
But this change is redefining the symbol to mean 1/100Mth of what it was.
100%
My one bitcoin used to be worth $100,000 but now they telling me it's actually worth $0.001 no cap. Jack a fuckin snack cause I get 100,000x more of them when i use cashapp. Fuckin rizz bro. Im only using cashapp bitcoins from now on cause i get way more of them. The bank delulu and printed more bitcoins for me. Imma yeet it all into robux before they find out. Haha they cooked! So this cheugy nerd told me there can only ever 21m bitcoin but im like nah u sus. Cant believe I gots 100k of em frfr. Check my drip coz Im in my $$$ era no cap. I ate up that investment shizz, pov bro be bussin. But must have heard him wrong because now theres 21 quadrillion bitcons which, bonus, is also a super easy number for me to picture in my head. Cant wait for the banks to open Tuesday so I can sell this shit and slay #blessed 6-7.
All humans must be explained things at least once. No one is born knowing 100m sats = 1 btc . Thats not a flaw in the experience but a built in part of being human. Now if you had to explain the concept again a second time then that person is too mentally retarded to spend money or under the age of 3.
There a difference in explanation and education. You don't know how to read until someone tells you what letters are. Do we need to improve how we communicate with letters? Or is it pretty easy to explain some things. If we didn't have a dollar and they came out today, no one would know what dollars and cents are. In this case the "explanation is just defining terms. Same with Bitcoin. All you have to do is define terms. There no long winded explanation you need to give. Bits has to be explained the same way as sats do. Except literally no one in the ecosystem uses bits in their application EXCEPT for cash app.
Wait they are using it to mean bits ??? what the fuuuck
No their using a symbol to mean 1/1,000,000 of a coin. They don't have a term. Just a symbol.
This is what they're doing
http://blossom.happytavern.co/44d9b2aee1c23b3a4b38f84c8c423083e6ff5d989e13af9943615bdcc9caade1
I think they just called them bitcoins...
It's the most retarded shit ever right?
Sorry left off some zeros.
Bits is fine, btw.
It still has 1 meaning (100 sats). Sats are better but this is not ambiguous compared to the shitty B that is ambiguous.
This’ll help. 🤨 It certainly won’t make it more confusing nostr:nevent1qqsgtxqqfpq6kupv7cu64dlfh6g3v2g7aj3e6crjr85apqcjxt2nsqcpr9mhxue69uhkuurjdau8jtntwf5hxarpwpekktnvwcgy6wzh