Nostr Web Client

I think it’s true, we can’t rename bitcoin the unit

We should drop bitcoin the unit for all payments apps, etc

Use bits and sats.

Bits are useful as they are better unit of account than bitcoin (terrible, you can’t count for everyday things with it) and sats (not great as people don’t like too small units, too big numbers for everyday things)

Bits are better now and will still be if bitcoin x100

Sats are useful as they grew organically, are the smaller units and will be like the cents are to the dollar to the bits

We don’t need bitcoin the unit, it will be just 1mio bits

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The Daniel 🖖 7mo ago

Never calling anything bits either. It was tried over a decade ago and never caught on. Why would it now?

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Discussion

🐉AT ₿01 7mo ago

The only issue is people can't understand math. Aint no bits just sats until 100 million then you have yourself a bitcoin

edouard 7mo ago

Maybe bits is not the good name I don’t know

I believe we need ideally a unit at 100 sats

It easier to compute / convert now and in 10 years at x30 as well

edouard 7mo ago

Don’t care about the name. We can call it whatever but we need something to say 100 sats I think

The Daniel 🖖 7mo ago

We don’t.