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No, my argument is that our global "consensus" of 21 million bitcoins is bigger than any code anywhere.

But what I am saying is;

1. We don't have that consensus at all, we only have a consensus on the 21_00_000_000_000_000 units, regardless what they are called, sats or bitcoins.

2. To the extent that the "21 million" meme matters to anyone, it is regarding the token "BTC", not for the lower case bitcoins word.

3. That the negative effect of the unit bias, is way bigger than the positive effect of the 21 meme, even if you insist that the meme is "21M bitcoins" not "21M BTC"

If you disagree with that... fine, people will fight this one out in their app implementations, no one can force anyone to do anything.

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Discussion

Vitor Pamplona 7mo ago 💬 2

1. No one even knows about the 21_00.. units. Only devs know how Bitcoin is represented in code. How can we have "consensus" on somebody nobody even knows it exists? That's not the consensus.

2. 21M is not a meme. It is on all books and all serious educational materials and software we use. Calling it a meme means you are discussing this in bad faith. You know better.

3. Unit bias is negative and will always be negative regardless of which decimal point you write "bitcoins" after. Multiple countries will have different unit biases. You can't solve this by moving the decimal.

Nuh 7mo ago

Again, you are just saying that BTC is interchangeable with "bitcoins".

I can accept that argument and the discussion ends after that because I disagree and it is too subjective to settle, and everyone can do what they want going forward.

But I disagree with the last point too, I don't think we will need to divide bitcoins further than the granularity in the code, even though I actually don't think "millisats" are fake, but I just don't think we will have that much economic activity on the Internet flowing through Bitcoin that one unit becomes too expensive.

Anyways, if only these were our biggest problems.

Vitor Pamplona 7mo ago 💬 2

Let me know how many people will be pissed when they send 20000 bitcoins from your platform and the receiver only gets 0.0002 bitcoins in theirs.

Nuh 7mo ago

Well, Bitkit already started, you let me know if the sky falls or if anyone gives a fuck at all.

What we are fighting is apathy. I know Turks bought gold instead of Bitcoins to escape inflation, even when they had to import more on containers after the local supply dried up... so let's not count are chicken before the hatch.

Vitor Pamplona 7mo ago 💬 1

I don't know anyone using Bitkit... But I just installed it and found it very confusing to generate an invoice in the right amount I wanted.

Nuh 7mo ago

Don't you at least think that no one could ever mistake a 100Mx? As in if you saw 100,000 bitcoins on an invoice, is there a chance in hell you are going to confuse that for a 100,000BTC?

I don't know man, I just want bitcoins, I don't want sats it sounds shit.

But what I want the most is for Ark (or something) to work and scale so we can have this debate again when there are actual users.