We already have a bit, 100 sats is a bit, like cents to a dollar. With 1,000,000 bits in 1 bitcoin.
I like this denomination and it's already established, some wallets give you the option to display in bits.
We already have a bit, 100 sats is a bit, like cents to a dollar. With 1,000,000 bits in 1 bitcoin.
I like this denomination and it's already established, some wallets give you the option to display in bits.
Neat! Is there a name for 1 million sats?
No, there is a millibitcoin, 1 bitcoin > 1,000 millibitcoin > 1,000,000 bit
The problems with sats is that it doesn't follow steps in 1000's...
That's the reason things got a bit awkward.
Honestly, I'll get used to whatever is common, sats or bits, it's just like using a different currency when you travel, no big deal after a few days of getting used to it 🙂