Replying to Avatar Laeserin 🇻🇦

Marketing #Bitcoin to the masses has become an ETF strategy and price is a part of that. You probably can't afford a whole Bitcoin, but now you can buy part of a Bitcoin ETF, and you can DCA Bitcoin, that way.

People are used to that strategy, as they use it for stocks. Most people don't realize that every person can buy parts of a Bitcoin, that's why it's assumed that Bitcoiners all drive Lambos to their mansions.

I don't know why we only quote whole coins. I'm not going to spend a whole coin at the grocery store. Useless denomination.

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Car44 1y ago 💬 1

Bitcoin is the protocol. SATs we stack (and spend). Just start referencing the Bitcoin protocol instead of the catch all 'Bitcoin'. Then if anyone asks questions you can explain how we move SATs on the network.

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Laeserin 🇻🇦 1y ago

The problem is with quoting the price of an entire Bitcoin on the market. It's actually used as anti-Bitcoin propaganda, by altcoins.

I like satoshis much better, as they are actually sized closer to what everyday items cost. 1 Euro is circa 2000 satoshis, so 1 euro cent is about 20 satoshis.