Consistent rules and definitions are vastly superior to “more accurate” but regularly changing and inconsistent rules and definitions.
Doesn’t matter how perfect your definition or name or term is if you are changing it regularly. The act of changing it makes it way worse than whatever downside there is to how it’s currently referred.
Yes I’m talking about changing sats to bitcoins.
I'd say it matters but it has to be **significantly** more consistent • logical • practical, while making a comparatively very small increase in confusion, to be worth doing.
Changing the name of sats is a completely worthless change, has 0 advantages.
I invent my own language all the time, but only where it really is useful to do so. Hence, we still understand each other.
This is exactly my point in this discussion.
I would also add that in this case the regulatory change would affect a crucial point of what we know about Bitcoin: the fact that its supply does not change overnight.
Ok, the change is just a nomenclature change, but besides being forced, it gives the appearance that the amount of bitcoins available has changed.
Furthermore, if it is difficult to explain to a newbie that the smallest unit of Bitcoin is the satoshi (the creator of it), and that there are 100 million satoshi for each Bitcoin, how difficult would it be to explain that there were 21 million bitcoins and now there are 21 quadrillion, but the supply still has not increased.
Think about it, you are explaining this to the same person who would not be able to understand that 100 million sats is equivalent to one Bitcoin.
We got switched from imperial to metric measurement when I was partway through grade school. It was a mess.
We're not changing shits.
Sats is and will remain the standard.
🤝
In order to make bitcoin easier for normies to understand I propose we start using the terms bitdollars and bitcents. Surely then they will start using bitdollars.
Changing it makes Bitcoin more like a Shitcoin. The protocol do NOT change! That’s WHY we love it…
There is also the question of what do we do when the inevitable further division of bitcoin/sats comes to be required. Something along the lines of1 sat = 100,000 "naks"/bits. Seems like this issue becomes once again unresolved.
Interesting. If I could name them once and for all I’d call them sums. standard units of money
BIP 177 : bitcoin improvement proposals.
a proposal that aims to redefine how we talk about and display Bitcoin units. Currently, one Bitcoin (BTC) is divisible down to eight decimal places, with the smallest unit being called a satoshi (1 BTC = 100,000,000 satoshis).
