The best memes just take some aspect of the truth and amplify it, and that’s why “sats” have already won this debate. Reality/truth is that sats have been universally adopted already within the bitcoin ecosystem, and so any debate from the other side is only theoretical until they show actual cultural relevance and adoption. Not happening.
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also in normieland everyone knows that 1 bitcoin is a lot of money... imagine when they realise a bitcoin is now worth less than 2 cents... im sorry but anyone who is for that proposal is either extremely dumb or is smoking too much weed...
It does seem redundant to someone new to bitcoin and mostly nostalgic to call them sats? ‘Bits’ seem more relevant than sats for a global monetary system . Just my two sats lol 🙂💫🧸
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Changing the Bitcoin denomination to Sats is a terrible idea, IMO, but there's some merit to the benefits of a "stock split" argument.
Why not call 1/100,000 a Bit and then you can have your cake and eat it too. A Bit would be ~$1 and would be a denomination that people could more easily relate to.
BTC is too large and Sats are too small for familiarity / adoption for transactions. It's a bad idea to redefine either Bitcoin or Sats, but creating a new denomination closer to $1 could provide the benefit they're looking for without all of the problems associated with changing long-standing denominations.
No one is stopping you from trying.
Have you ever been to Asia? In Japan for example, it costs thousands of yen for a meal and millions for larger purchases.
Just a matter of time before sat/cent parity happens. If exchanges listed BTC in sats there will be more appeal for day traders and smaller holders, the same way doge attracts lots of uninformed people because it looks like there is more up side.