How does this make any sense? Who else is using this crazy standard?
Discussion
- You are sending/receiving bitcoin, not “sats”
- The asset is bitcoin, the most well-know asset in the world, the symbol should be there
- Sats is very confusing if you’re new to bitcoin. Easy to confuse the asset and unit if you're new. Good to know you have bitcoin and learn more than think you have sats
- There is zero confusion even if you can’t keep pre/suffixes straight since there is a 100m difference in value (if there is then that’s a good problem to have)
- ₿ looks way better than “sats” and is already is a symbol that exists everywhere
Sats is one of the worst UX mistakes in bitcoin, so open to other ideas, just trying one out!
I dont know. Something tells me if people can understand dollars and cents they can understand bitcoin and satoshis. Not a perfect comparison obviously.
I may be overestimating.
Maybe but dollars have a 200 year head start... and you can express both with the $ symbol. why not express both with the ₿ symbol? the issue is the insane number of decimal places in bitcoin, so that is why i used the placement of the ₿ to denote unit.
Fair point for $ vs ₿.
I do think another issue worth talking about is the moving target of Bitcoins value, which to me is related to the number of decimals. This will have an impact long term and oddly makes ₿ make more sense to my eyes & brain.
At a price of $10 million USD in todays dollars 10 satoshis is 1 dollar. The question in my mind is when do more decimals become needed for daily transactions. If its not in our lifetime then ₿ still has some friction for me mentally. If its in our lifetime and there can be 1000.23 ₿ then I'm onboard(walk).
Tldr: the lack of decimals with satoshis prevents me from enjoying ₿ as the satoshi denomination.
I don't disagree with anything you just said, but I think the solution you're trying is potentially even more confusing. I don't have a better idea.
Yup this is confusing
Yea not sure what the best solution is, but feels important to include the ₿ somewhere. We can also show the USD equivalent amount in the UI or let you toggle to sats. We'll test it out and share feedback.
₿ 0.0001 5000
~Toggle~
15,000 Sats
~Toggle~
$14.41 USD
Using doggie coin instead is a better idea imo
₿ for bitcoin $ for sats, the $ symbol is ours now
Stop thinking. I do it like everyone else
nostr:npub1arcweuxy0zkdcg08sljh058qp02ytrgnpzh4csa3ar42szyfgrpsw6ggtw is the only thing with this confusing nonsense. Time has been invested into educating people that sats are fractions of a bitcoin and that they don’t have to buy the whole coin.
Doing it “your way” now just adds to the confusion.
Fwiw, this isn't exclusive to broadwalk
Also if the goal is to make people feel richer because big number:
Just use n₿ for nanobitcoin, this gives 10x more big number than sats
As with all quirks around money, people will get used to it quick... I'm ok with "sats"
⚡ is the way
Looks the best.
Makes sense.
Doesn't add an extra name.
Doesn't straight up lie by pretending to be a full bitcoin.
Leaves the door open for cashu zaps etc... that in the end is settled by **lightning** anyway.
Doesn't scare away newbies with the geeky Bitcoin symbol.
...
Should be Sats
Just my 2$
I see what you did there nice one!
Honestly even that's confusing given the context:
Cause a nocoiner will read it as 2 dollars.
A bitcoiner who wants to take over the dollar sign will read it as 2 sats.
And people who use ₿ suffix as sats will read it as 2 cents.
Gradually the. Suddenly fren.
By the time mainstream takes hold I bet bitcoin may not even be part of the popular vernacular.
As it stands, the majority of people can’t get a whole coin. 1,000,000 sats costs 1000$
What happens when we drop another zero and 1,000,000 sats runs a pleb 10g’s.
The cashier at the grocery will ring you up for 1000 sats.
When I give you a nickel I'm giving you part of a dollar. Just because it's a fraction doesn't change what kind of money it is. This is confusing as fuck sats are the standard.
💯 nailed it.
Unit bias is a thing.
People feel way cooler saying they have a million sats rather than 0.01 bitcoin.