Here's the journey to realizing this:
1. Initially sound preposterous, confusing, and a non-starter
2. Then you get the concept and why it is best, but seems insurmountable at this point
3. Then you start to see how it could actually happen
4. Then you become an advocate
I’m stuck on step 2. How will this actually change?
Some people were saying that USA corporations like cashapp and whatever else can just rename sats to Bitcoins
and that the masses will just accept it because the corporate elites always get their way
People understand dollars and cents as units.
People don’t understand when words change meaning and remeasuring units entirely. People don’t understand when merchants measure ‘Bitcoin’ differently.
Sats are Lindy.
I know this is going to pinpoint me as retarded, but... What does "Lindy" mean?
Lindy Effect
It comes from a book titled Anti-Fragile by Nassim Nicholas Taleb. Fun fact, he also wrote the original introduction to The Bitcoin Standard, but is now having fun staying poor.
Thank you, but...I still don't understand what it means though. 😂🫂
Normies are more likely to think bitcoin crashed and is dead if we start telling them a meal at Steak n Shake costs 10000 bitcoin. The reaction will "glad I avoided that scam" not "I can afford 1 bitcoin now".
Hundreds of millions of people own bitcoin and billions have heard of it.
No more than hundreds of thousands of people have ever heard of sats.
We're extremely early with bitcoin as everyday money.
There's only a 100x difference between a dollar and a penny. They're often used together like $4.99. Not the case with bitcoin and sats which have a 100,000,000x difference.
The direction we are headed is the elimination of the term bitcoin. Let's avoid that fate while we are still in the early stages of bitcoin as everyday money.
"Bitcoin" will always be used to refer to the network and the money, even if sats are used everywhere. A single sentence explanation is enough for most people and it's stupid to ret con the definition of a bitcoin over it.
Why avoid that fate? Worked well for Linux. Nobody mentions the L-word. Everyone uses Android.
Bitcoin is already a ubiquitous, great brand. Don't lose it to rebuild another one?
Great brand? Most normal people either think "scam" or "rich white men" right now, which is an improvement from past associations, but still.
In any case, sats doesn't destroy the brand. To the contrary; it augments it.
(My 2 sats.)
Should we also stop referring to metres and instead just use the name kilometres for metres? IT MAKES IT SOUND BIGGER SO IT MUST BE BETTER RIGHT
2. Then you realise that normie media headlines will be 'bitcoin supply increased to 21 quadrillion' and people laugh when you claim bitcoin is sound money.
Everyone’s entitled to their 2 Sats
Apparently he would say everyone is entitled to their 0.00000002 BTC 😂
Shut the fuck up
This argument is retarded
Here’s my journey:
1. Realizing how preposterous, confusing and retarded this is.
2. Moving on with my day
