bits are great. At 1 million usd per bitcoin, 1 bit is $1, and 1 sat is one cent. People are already wired to think this way
Discussion
We’re nowhere near $1m per bitcoin and slowing NGU doesn’t put us there any time soon. This also breaks again once $1m is exceeded.
I’d just rather get away from fiat models altogether and just spend bitcoins, and spend less of them over time as fiat number goes up.
Nowhere near is ok! I like to use it even today because I can think of 10,000 bits as $10k some time in the future. Helps me make better spending decisions 😅
Maybe sats makes more sense at $10 mil per coin (at least for me personally)
Makes sense but you are a die hard bitcoiner and a technical person. It’s asking a lot of the average joe just wanting to buy a bagel.
I dunno man, I just really feel like we’re squandering the bitcoin brand by excluding it from the payments experience in favor of some weird term, or including it but asking normies to think in some insane decimal format.
At that stage, why not just call it a buck?