I was nah brah about the announcement of a new sats symbol, but I actually like it. #satsthestandard
Discussion
This will lead to costly mistakes
I doubt it will catch on, but one can dream #SatsTheStandard
I like bits because it's easier to multiply and divide by a thousand when converting dollar to Bitcoin prices in your head. Otherwise it requires a calculator in front of us.
Sounds like you’re not very bullish 😂
I'm not trying to acquire more fiat. just trying to value things in my head.
I meant because bits as a unit won’t be necessary where we’re going. Only sats will be useful for most purchases. 🚀
Ah I see. You are correct.
Since the world denominates 1btc in USD for degenerate trading, we're stuck with the present unit bias. But still as a transition from fiat to btc, I still like bits. 1 bit = 100 sats. The Electrum wallet shows the value of 1000 sats, which is nice for estimating.
Hmm 🧐 I'm skeptical about how practical this change would be. How would this work in practice? What does ₿10,000 refer to? 10k sats or 10k BTC? 😅
Bruh #SatsTheStandard
So this attempts to do away with the industry-wide accepted standard of the idea of a whole coin? 😂
#SATSTHESTANDARD 🤣
Lol but they're not currently. The concept of a whole coin (100M sats) is widely accepted within the Bitcoin ecosystem, which is not exactly a small thing. So this is an attempt to change that standard. I'm not saying I'm against it, but I do not think it is practical.
Nice redesign. I wonder if they'll propose a name for this denomination. That display standard is pretty close to the average amounts that I spend for things