satoshis are bitcoins now 🤯
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that's the longest domain I've seen a real business use, like omgoodness
They gotta do it.
Buying a coffee with 0.00005706 bitcoins makes it too obvious how worthless the government currency is.
Roseburg?!?!
Why you in Oregon again? Leave this place… it’s a dying land.
This is just a photo i saw on X
As it was meant to be. The name wasn’t Bitcoin Nakamoto.
₿ is the currency.
Denominated in Sats.
$ is the currency.
Denominated in Cents
(Even though fiat makes none 🤣)
GN
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Ok. I felt bad.
I missed it when you were in Portland for that conference.
You’re an inspiration and it would have been nice to thank you in person.
But please stay away from this sad, godforsaken liberal shit show.
BIP 177 isn't the best thing that should have happened a long time ago but it's pretty high up there. I'd prefer to live in a world where we already implemented BIP 177
🫣
A small s after the Bitcoin symbol would suffice
You can just do things.
@jack can also just do things :D
Pricing in fiat lol. #btcfail
medium of exchange will emerge when fiat collapses
That's right just about after the second coming of Christ.
Unit of account rather
Why not buy a coffee denominated in sats? We have dollars and cents. We have bitcoin and sats. It's simple.
General public has no knowledge and the technicals who implemented it are bad actors for doing in that way.
20000 Bitcoin = 1 Slice Pizza now
thats call inflation then 10000BTC 2 full pizza
That makes no sense at all. What fool did this.
Square. They implemented BIP-177. Coming soon to everywhere, because it makes a lot of sense.
BIP 177: Redefine Bitcoin's Base Unit
Read BIPs like a pro.
Send requests to all app devs to implement BIP-177 🙏
I think its a mistake, given that there already is a big, well established world of exchanges, wallets, services etc. out there that function under the 1.00000000 BTC paradigm, and simply will not change given the sizes/volumes involved. I.e. its financial markets vs retail perspectives, and now this retail perspective is trying to claim a thing the financial market perspective had a hold of since day 1.
Organically a sollution already emerged in the form of sats (whilst 'bits' clearly lost that fight). Jack's effort would have been better spend at either getting the sat symbol into unicode, or addopting the lightningbolt (U+1F5F2).
I think its a bold move, not sure if mistake
He should have gone for the bolt move instead
😂 I'm convinced that we have a lot of tourist traps and expensive places in here too, but I came to the "decadent West" to work a dirty job while keeping my family clean, not to buy expensive coffee. 🤣That's about the price of a pint. 🍻
It's self evidently a horrible idea. Units matter.
"bItCoIn iS sCaRcE! tHeRE wIlL oNlY eVeR bE 2.1 qUaDrIlLiOn!"
"cEnTs aNd dOlLaRs aRe tHe sAmE!"
I became somewhat internet famous for almost exactly this sort of units confusion. See "VerizonMath".
What could possibly go wrong?
Didn't we lose a $300 million Mars orbiter due to units of measure being mismatched?
Imagine scanning an article/stream/video paywall invoice for 5 "₿"? Totally insane. Is this guy going for broke in terms of being a bad actor or just high on his own supply?
Original Recording of Verizon Customer Service Call
Here is a repost of my verizon call using blogspot's new video feature:
Now we need to work on a way to subdivide them on chain.
It's confusing for no good reason. Same situation as with the Russian ruble being scaled down by 100, except that issue was confined solely to the Russian populace, and communicated clearly to Russian residents by the Russian government before adoption.
The words "satoshi" and "sat" are already well-established, so just adopt a standard symbol and abbreviation that, and encourage exchange platforms etc. to adopt it as the standard. "BCS" or "SAT" works for an abbreviation/ticker, and we already see "≡" with a vertical line as a prevalent symbol, though alternatives such as "$@" are also somewhat common already.
Oregon will do that to you
Death to US Dollar, Death to US Dollar users including Death to Dollar denominated National cash including Bitcoin cryptocurrency even in post quantum currency. Death to money worshipper and make Fiat death faster than slower before Fiat marriage babies born even incarcerated in Prison planet of war economy forever.
Not interested any more garbage paper money or any cursed money from outside including US dollars Of corrupt system
Cursed people beyond dumb people use cursed money.
Money game is over and Don’t worry about sanction even KYC in internet money and local don’t use it because don’t value it and those who value it some are foreigners or some are digital nomad who don’t stay and don’t keep the promise like promissory note of money history and come and go with digital assets in digital economy.
Do you know the real problem for real solutions?
No money No problem especially fiat cursed worthless money where no wealth no health in corrupt system.
Yeah, I think its werid the way it shows up like that. It looks like a person is spending 5706 bitcoins. They should just use the full notation eg. 0.00005706
What portion of the global population uses bitcoin, and is familiar with the word "sat"? 1%? 0.001%? Whatever it is, that is the extent to which "sat" is established.
Explaining what "sats" means to people who are new to Bitcoin, or even those who are not new to Bitcoin but are unfamiliar with "sat", is a tedious exercise, often met with confusion. It is not intuitive for them, nor easy to remember. If we just call the units bitcoins, that problem goes away; there would be nothing extra to remember. It is a lower cognitive load for new users. It also removes the "I can't afford a bitcoin" unit bias that a surprising number of people have.
It makes me sick such grandiosity!
A large portion of the population is already familiar with bitcoin and its price in dollar terms. Suddenly shrinking that by a hundred-million-fold is going to be nothing but confusing. "Yeah, you saw bitcoin was $100k each last week, but now it's just a tenth of a cent. No, no, it's not because there was a price crash, it's just because we changed the definition, you see."
By contrast, saying, "just like there are 100 cents to a dollar, there are 100 million sats to a bitcoin, so it's usually more convenient to talk about sats than bitcoin," is not at all something I've ever had difficulty getting across to people in my 10 years of using and explaining bitcoin.
5 thousand bitcoin for a latte sounds like a good deal!!
Some new people I’ve talked to get it right away, but most newbs’ eyes glaze over. Other people in the real world see this too:
The proposal recommends leaving the BTC ticker the same, so the price would be unaffected.
At least in the short term. I think that over time, exchanges might shift to the commonly used syntax — if bitcoin becomes widely used for payments. Which is going to take a long time.
Eric FJ 🪬⚡️
I was and am team sats. I wish it would work. But honestly after our team building a UI for people actually paying for things, and having...