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Right now, #Bitcoin price is crossing a wide chasm. $67k is too much for most people to spend on crazy internet money. But sats are too small to reason about—it takes 1400 to make a dollar.

At $1M per whole coin, those problems go away. A sat costs $0.01. That’s when we do a one-time 1:100,000,000 split, keeping the BTC ticker. Overnight, what was once a $1M asset is suddenly a penny stock.

uncleJim21 1y ago

Haha I remember your exploration of unit bias with Cedric’s pod and I think about that a lot. I seriously don’t get why we don’t just do that now. 15 sats for a penny! What a steal! Etc

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Discussion

uncleJim21 1y ago

I do worry about someone’s system somewhere breaking. Fundamentally it’s just semantics but I wonder if someone wrote brittle code somewhere

jimbocoin 🃏 1y ago

In the Bitcoin protocol itself, there are only sats. The bundling into tranches of 100M sats is purely a client thing.

uncleJim21 1y ago

Agreed I just worry about some bonehead somewhere rugging someone’s grandma.

Also I worry about confusion if everyone doesn’t switch at the same time. In a way it’s like a social layer soft fork.

jimbocoin 🃏 1y ago

It’ll be ok 👌