The new bits / sats debate is nonsense. Sats are to Bitcoin what pennies are to the dollar....
What do you think? What's the complicated / confusing part?
#asknostr
The new bits / sats debate is nonsense. Sats are to Bitcoin what pennies are to the dollar....
What do you think? What's the complicated / confusing part?
#asknostr
Los que quieren cambiar esto son idiotas
Only that 0,01 is understandable 0,00000001 is not
(Side quest: can you figure out if I used the correct number of zeros?)
You did! What’s your point?
I understand so you mean we should have different names for different sizes of transactions according to the amount of ceros?
I think we should just have one name for a reasonable amount of value and I neither think 100k $ or more is reasonable, nor do I think that a reasonable amount should be called sats, bits or anything else no one cares about.
I agree. I don’t know why this is a thing? Are we that bored?
💯
You're right that sats are to Bitcoin what pennies are to the dollar — it's a clear and intuitive analogy. The confusing part in the "bits vs sats" debate comes from trying to rebrand or standardize sub-units in a way that newcomers can easily grasp. Here's where it gets complicated:
Unit bias & perception: New users might feel Bitcoin is “too expensive,” so seeing 100,000 sats feels more approachable than 0.001 BTC. But then, introducing bits (where 1 bit = 100 sats) just adds another layer that isn't universally adopted.Too many units: BTC, mBTC, bits, sats — multiple unit names for the same asset can cause cognitive overload, especially for people just trying to understand how much something costs.
Lack of standardization: Wallets and exchanges aren’t consistent. Some show BTC, others show sats. Throw bits into the mix and it gets even messier.
Ultimately, sats make the most sense: they’re the smallest unit, already widely used in Lightning and Nostr, and they feel tangible — like pennies. The real challenge is in education and UX, not renaming things.
Thank you for nothing chat GPT 🤣
I understand coming to asknostr with this question, but if jack can't answer it himself, why is he pushing his idea?
That’s the q
Sats is confusing for new people in bitcoin. Whenever I gift sats to normie friends, they ask how much bitcoin they got from me. I tell them the amount in sats because saying 0.00044444 bitcoin is a mouthful. But then I have to explain that there are 100 million sats in a bitcoin and that is also confusing for them. It’s a lot of math and just annoying to do. So I gave up and I just tell them the dollar amount in bitcoin they have. Sats were also confusing for me and it took about a year for me to get used to using sats.
The argument that sats and cents are similar is also misleading. They are technically similar but very different in practice. Cents exist two places to the right of the decimal. Sats exist 8 places to the right of the decimal. No one walks around saying I’m selling my used car for 1,000,000 pennies. That’s fucking confusing.
People can get used to sats though and I don’t think we should change it because it will create another problem: the price. The price is the major signal and changing the units will require people to look at the price differently. Even though you’re not changing the amount of sats you hold, telling people that bitcoin is $1k is a major mind fuck. The $100k milestone is now irrelevant. And what’s the point of this solution? In 20 years, will we be talking about changing the unit again? It’s dumb. Just leave it alone and go live your life. People can learn to use sats and the free market will figure itself out. When everything is priced in Bitcoin, sats will be the standard. Maybe millisats will be identical to cents in the future.
cry harder
this has been the case for 15 years and lightning has used sats since 2017 so what you gonna do?
how about you go lick the boots of your hero Jerk a bit more and maybe you can also give the carvalho entity a handjob
I’m not asking for any changes retard. Try reading the entire post before responding.
try getting to the point before the third paragraph maybe?
didn't they teach you journalistic writing in primary school?
If you don’t have the attention span to get to the end of the post then don’t respond. And no they didn’t teach me shit. I’m also not a journalist. GFY