Thread - Nostr Hypermedia

Garbage nsec garbagensec@NostrAddress.com 7 months ago

Humans develop words for denominations if those denominations are meaningful in everyday life. A dollar is meaningful in everyday life. You can price a sandwich or a car in dollars. You cannot price anything in BTC. This is why we don' t have an official English term for 100,000 dollars. Or 100,000,000 dollars. In fact find me any other currency in the world that has a widely-known word for a denomination that is 100,000,000 times the value of another denomination it also has a word for. Not how the brain works, so why work against the brain?

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Danneskjold danneskjold@zaps.lol 7 months ago

All this "mathematical psychology" will lose its meaning when 1 sat becomes 1 cent, and then a quarter of a dollar, and so on... People will find their own terms for multiples of sats (10x, 100x, 1000s), and sats will probably be the name of the currency itself. It's all about thinking in BTC quantities and not in fiat quantities. What is extremely harmful is explaining to your non-bitcoiner friend that the network that you say doesn't create money out of thin air and used to have only 21 million BTC now has 21 quadrillions.

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