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Dollars. Clams. Bucks. Smackers. Dough. Cheddar. Moolah. The list goes on and on. In the end, you can all these freedom units whatever you want.

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BITwise 🐳 >>= RIGHTish 6mo ago

It's more than just semantics. 21 million Bitcoin and 2.1 quadrillion sats.

Renaming sats to Bitcoin means theres now 2.1 quadrillion Bitcoin. Yes the value stays the same and its just simple semantics for existing Bitcoiners. But for the precoiner, this adds yet another barrier to understanding Bitcoin.

In a vacuum yes it makes things easier to understand. But those of us living in the real world actively orange pilling have to acknowledge 17 years of literature and education stating 21 million Bitcoin. Try explaining to an impatient low attention span fiat NPC why Bitcoin is suddenly 100 million times less valuable and Bitcoin =/= Bitcoin.

If you have to rename it, calling it literally anything but Bitcoin would be less confusing.

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Discussion

Big Bad John 6mo ago

If you can understand it, anyone can.

Derek Ross 6mo ago

In the end it doesn't matter because we're so incredibly early. That's the ticket. Changing now when less than 1% of the world uses Bitcoin versus in 10 years is a much situation. The reality is that 99% of the world doesn't care because they don't use it now. The change won't hurt them. It only hurts people that want it to hurt them.

BITwise 🐳 >>= RIGHTish 6mo ago

We can't get to that future 10 years later if we can't get past tomorrow.

99% of the world doesn't care about bitcoin because it's "too difficult to understand". They dont even give it a chance. Say the word bitcoin and most people dismiss the rest of the conversation outright. If they gave it a chance and understood it, they would use it and adopt it.

I literally just overheard a conversation at dinner where a guy was trying to convince a girl that bitcoin was the easiest way to transfer money. The girl was hung up on how to "cash out" of bitcoin and signing up for an exchange was "too complicated". What's easier to explain to a person like this... bitcoin to sats is like dollars to cents or 1 new bitcoin =/= 1 old bitcoin. Which requires a long drawn out conversation and explanation that she has no time for? Which one is more susceptible to FUD and negative msm clickbait headlines?

The perception of breaking down an immutable feature of bitcoin that normies already geberally understand (only 21m bitcoin), a load bearing pillar of bitcoin's value proposition, will open the door for more FUD, further distancing us from a hyperbitcoinised world.

The cherry on top being this proposal does nothing to make things less complicated.