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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)_/¯

yope 8mo ago

People are free to call the units what they want of course, but if you go and call sats bitcoin, then I think it's also your duty to deal with and fix the massive avalanche of confusion that's gonna come at you. It will be HELL and it will be your fault.

Seriously, if no-conoiners have trouble figuring out sats, good luck explaining the infinite pizza problem once you have "changed the issuance" or done "stock splits" or whatnot... 'Cause there will be massive outcry over that perception and it will be all over the mainstream media.

But I'm confident nostr:nprofile1qqsgeksa4tajm7x673gq2v7t56dkgkh6pjhhzdhrgxlpke4za8jmmkqpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgqgjwaehxw309ac82unsd3jhqct89ejhxqgkwaehxw309aex2mrp0yhxummnw3ezucnpdejqetk0p4 will never get enough support for that absolutely moronic idea, so no worries.😘

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Discussion

TheGrinder 8mo ago

people who (allegedly) don't graps Bitcoin and sats probably also don't grasp dollar and cents or euros and cents. Hence, they shouldn't be allowed to leave the house without a legal guardian.