Payments apps should use bits and sats

bitcoin the unit is useless for wallets, payment apps etc. It is impossible to count with

Let’s use bits and sats as unit of accounts : both are useful

Let’s drop bitcoin the unit, it is useless

Probably it will happen anyway, slowly, nobody will use it, it will be just 1 mio bits

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Let’s get rid of bitcoin as a unit

Let’s keep the word for the network

bits & sats ; 1 bit = 100 sats

Simple, bit is the easiest as unit of account, now and in 20 years as well, sats is kept as grew organically, nice, and we will need cents at some point

We don’t need bitcoin the unit, it is just 1 mio bits and we can count with bits for small as big transactions

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Keep the sats

Keep the bits

If payment app, drop bitcoin the unit, it is just 1mio bits, wholecoiners are millionaires in bits

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I think we need a unit for 100 sats

It is much simpler to think to spend about something worth 0.1 usd or 1 usd (in 5 years) than worth 100k usd or 0.1 cents

I am not sure calling it bitcoin would be a problem. There would be 21 trillions bitcoins (at 100 sats a bitcoin) in line with US M2 now (and less us M2 tomorrow

Satoshi (I know it is not an argument but it shows some people not hostile to Bitcoin or stupid) mentioned possibility of changing decimals for the unit

By spend and receive bitcoin I mean « units » we call bitcoins instead of calling them sats cause more practical obv.

Let’s do 1 bitcoin = 100 sats

- We keep the sats as cents

- We can spend and receive bitcoin for everyday transactions, zaps, etc

- bitcoin easy also as unit of account like this at 10 cents now

- When market cap bitcoin = current M2 money supply, 1 bitcoin = 1 usd

Maximum will be 1 bitcoin = 10 (current non further diluted) usd

- sats remain, similar to cents and are here when further subdivision needed

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Other advantage is the typical zap would go from 21 sats to 1 bitcoin which is less cheap, and the generous zap to 21 bitcoins which becomes significant

We should introduce a split, but not 1 Bitcoin = 1 sat

We should have : 1 Bitcoin = 100 sats.

There are several advantages to this:

• 1 Bitcoin = $0.10, making it easy to price everyday goods directly in bitcoins.

• This results in 21 trillion bitcoins, roughly aligned with the US M2 money supply and global M0, making comparisons intuitive. Bitcoin’s total market cap = M2 money supply when 1 Bitcoin = $1.

• We retain sats for divisibility, similar to dollars and cents — something people are already familiar with.

People will find this split much easier to grasp, and sats remain. A current full coiner becomes a millionaire in the new system, and within a year, everyone adapts. We could call 1 million bitcoins a “nak” if needed, but that will likely fade over time.

Overall, it just feels like the right move.

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À Londres je connus Bella,

Princesse moins lointaine

Que son mari le capitaine

Qui n’était jamais là

PJ Toulet

À Londres je connus Bella,

Princesse moins lointaine

Que son mari le capitaine

Qui n’était jamais là

PJ Toulet

Also if it’s not used as money, it will most likely be a much weaker store of value as if it is used in people’s daily life

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La vie est plus vaine une image

Que l’ombre sur le mur.

Pourtant l’hiéroglyphe obscur

Qu’y trace ton passage

M’enchante, et ton rire pareil

Au vif éclat des armes;

Et jusqu’à ces menteuses larmes

Qui miraient le soleil

Mourir non plus n’est ombre vaine.

La nuit, quand tu as peur,

N’écoute pas battre ton cœur:

C’est une étrange peine

Paul-Jean Toulet

(French poetry undefeated)

Obviously on top of the bitaxe(s) and still solo mining !

Running a bitaxe at 1.2 th is the least you can do as a bitcoiner. It costs you ~ 2 to 5 usd per month electricity and 100 to 200 usd upfront and helps decentralize mining and maybe you win one block and are rewarded

Then the question is do you go bigger and run a 40th avalon that costs 1200 usd and 100 usd elec per month ? Probably if you can you should !

I mean it has to be individuals selling as those are the only ones who historically had it

Businesses etc had 0. So the sellers are individuals and not necessarily shrimps, probably whales and it is healthy

Every bitcoiner should cheer competition at the software / implementation level

They moved on

Believe bitcoin still has x5 this cycle and then won’t go down same as previous bears, only /2 or maybe /3 at max not /4

Key to getting good at something is to reach the minimum level where you start enjoying it and get an ego boost from seeing your progress

Does it change significantly versus borrowing against ETF? Or do you mean to leverage within the company so better terms?