Nostr Web Client

They changed it because no one has heard of sats- so adding it back doesn’t fix anything

Many people have heard of the US dollar, which has “cents,” and hardly anyone is confused—paying 50 cents won’t make anyone think it’s 50 dollars. Sats can serve a similar role as the “smallest currency unit.” The correct way to display it would be: “Pay 6,980 sats or 0.0000698 BTC,” which is better.

This not only ensures transaction precision, but also preserves Bitcoin culture and makes small payments easier for ordinary users to understand.

If you just display “Pay 6,980 BTC,” ordinary users might mistakenly think they are spending 6,980 BTC

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Discussion

HoloKat 1mo ago 💬 4

Can't really compare to cents, there's only 100 of them and it's easy to display 0.50. Can't do this with bitcoin. I am not defending this position, but I am merely pointing out their logic for changing it. Plus, bitcoin does not come with a subunit, it has always been just bitcoin.

Cykros 1mo ago

Bitcoin has had mBTC. And μBTC, more commonly known as bits, though both of these have somewhat fallen by the wayside as sats became valuable enough to be talked about themselves.

I'm not going to worry about what people who've barely heard of Bitcoin haven't heard about within Bitcoin. Especially when the idea of telling them that Bitcoin is worth 0.09 cents is probably the most confusing thing you can say to them given that they thought it was worth over $100,000.

And yes, I've had to have that discussion with someone who was dealing with an application that used this confusing notation, and it definitely added confusion to his onboarding.

HoloKat 1mo ago 💬 1

My personal opinion is not fully made up. I kind of agree that most people have probably not heard of sats so there's no harm there. It's easier to write, easier to display, looks nicer (important to me), I'm also biased since I am used to sats.. but on the other hand . I guess I just want to wait and see how the dust settles. I could go either way on this.

Moss 1mo ago

I understand you. We all want open discussion and to let the users decide.

I’m just sharing the conclusion I got from testing with a few friends around me. Explaining that 1 Bitcoin = 100 million sats is as simple as explaining 1 + 1 = 2 😂. They found my latest design draft very easy to understand. There’s no confusion or misunderstanding from the absence of the sats unit like before.