Replies (79)
Even calling them Jacks would be less confusing
Yeah, one fix would be move the B to the end and add "Bits"
Bits is better than Sats.
i have never met a non-bitcoiner that understood sats, since they've only ever heard of the word bitcoin before.
True, it always requires explanation, but calling whole coins Bitcoin and sats Bitcoin cannot be explained.
Bitcoin should be used for the monetary system and the whole coin in my opinion
Then we will have micro-bits? It will have to be divided further eventually.
Dear lord, not the bits argument again. We donβt need another unit. Just bitcoins and satoshis. Thatβs it. We have to stop over-complicating things.
for me it is sats π
That is confusing and I don't know of a better way around it, but in the future most people will never own 1 full bitcoin so to me it makes sense in the long run and that to me is less confusing than trying to explain an unrelated term. Since Bitcoin has a lot of marketing power and brand recognition, it makes sense to utilize that since the masses aren't aware of the 'sats'.
:) marketing is a science
Bitcoin, with a capital B is usually used for the whole ecosystem and network, while bitcoin with lowercase b is used for the monetary asset.
Your memes can't fix this. βΏ is the standard.
Sats and lightning are DOA brands
Bits already exist as a unit of measure for data. We canβt and shouldnβt use it.
b == sats is domething that could work
Agree there. Bits makes more sense than anything else.
I'm sure you're a nice guy, but who TF cares?
Following your logic, they may not know what a sat is, but they MAY know the market value of one bitcoin if they're LiTeRaLly paying in bitcoin via Square.
Having a coffee be 6,000 bitcoins is just DUMB.
Either
A. Use sats
B. Use bitcoins
Don't use A but call it B π€¦π»ββοΈ
Perhaps. I don't hate it.
π Love all of you guys
@corndalorianbut I hate the idea to call it also bitcoin β¦ that will make a lot of issues β¦ the easiest example: why is 1$ just 952 bitcoins
More glowie bullshit from you as usual
So βΏ it.
micro or mili? i dunno, but we already do that for lightning :)
you only think it's dumb because you know about bitcoin. the other 7 billion people do not.
Either or. Micro-bits and Milibits don't sound as good microsats or milisats.
It takes work and time to understand sats . I love bitcoiners that know lightning and use "stack sats and stay humble" π€β‘οΈ
i really think you're only saying that because it's the term you've heard since you've been in bitcoin. it's familiar to you. i like familiarity too, but when i think about other people, they've heard of the term bits before and because of the definition of the term, they know that they're small, or a part of something. sats is an unknown word and unrelated to bitcoin. at least bit is part of the word, so the association is clear.
π€£
I think somethink like the metric prefixes will also work and are more natural but I love sats π
oh man don't say metric prefixes, they make too much sense for the american mind.
I know how to get back to the sats, my friend π
How about ΞΌβΏ? 1ΞΌβΏ = 100 sats, which is already workable. I also know, that sats is a friction point. So I would only have one name + metric prefix, that many familiar with.
not everyone refers to 0.01 of X currency unit as a cent either
by using the bitcoin symbol you are creating confusion by overlapping 2 definitions
an unknown concept takes only 30 seconds to explain
imo the problem with that symbol is 1) i am too dumb to know how to say it or pronounce it and 2) i am also too dumb to figure out how to type it on a keyboard without googling it.
now i am a dumbass from time to time, so i could be wrong here, but i think that symbol is even worse for the masses.
How do you type the btc symbol? π
if you have to explain it, there's probably room to improve user experience.
agree it it so scientific
π
guide for dummies on how to Β΅:
altgr-M
(or you can just use uβ¦)
typo
dΞΌmmies (I would suggest the u)
semi you are also to scientific π₯π
that would be possible if people had innate knowledge of everything that exists on this planet
try explaining to someone that there are 2 conventions, one is bitcoin referring to whole coin, and one being a synonym for sats, with no good way to tell, and that this has no reason to exist
If I take my irl friends for example, most of them are nocoiners. They all understand what sats are. Only had to explain with this: thereβs 100M sats in 1 bitty. They just got it right away.
But to your point, I still donβt fully get why most donβt understand this.
There is also the fact that what is being done here is rewrite an existing term. Bits vs sats is preference, everyone knows 1 bit = 100 sats.
But this change is redefining the symbol to mean 1/100Mth of what it was.
Thisβll help. π€¨ It certainly wonβt make it more confusing
View quoted note βSow let everybody do the work and learn @ the price they deserve. This is getting akward. Almost impossible to explain. Why mess with units when you have an oak point with a satoshi, and I say that as an intermediary?
Imagine the confounding poorβs rage when they try to rationalize the purchasing power discrepency between ten Bitcoin versus ten sats. They will certainly become enraged and angry at rich multicoiners.
Itβs setting people up for a new wealth divide and rubbing their faces in it. Not cool.
We are extremely early... wait 100 years and everyone will know what a sat is. 20 years ago we all had no fking clue what a btc is.
Guess what our biggest "brand" related recognition the one everything builds on and ever normie knows about is there are onl 21 MILLION BITCOIN. By calling sats bitcoin this gets completely thrown out of the window.
100%
only people who don't use bitcoin as money care that 1 BTC = $104,598.
want to buy something? the current exchange rate is 956 βΏ/$. look how easy that is
All humans must be explained things at least once. No one is born knowing 100m sats = 1 btc . Thats not a flaw in the experience but a built in part of being human. Now if you had to explain the concept again a second time then that person is too mentally retarded to spend money or under the age of 3.
My one bitcoin used to be worth $100,000 but now they telling me it's actually worth $0.001 no cap. Jack a fuckin snack cause I get 100,000x more of them when i use cashapp. Fuckin rizz bro. Im only using cashapp bitcoins from now on cause i get way more of them. The bank delulu and printed more bitcoins for me. Imma yeet it all into robux before they find out. Haha they cooked! So this cheugy nerd told me there can only ever 21m bitcoin but im like nah u sus. Cant believe I gots 100k of em frfr. Check my drip coz Im in my $$$ era no cap. I ate up that investment shizz, pov bro be bussin. But must have heard him wrong because now theres 21 quadrillion bitcons which, bonus, is also a super easy number for me to picture in my head. Cant wait for the banks to open Tuesday so I can sell this shit and slay #blessed 6-7.
Youβre aura farming bruh. Fr fr no cap π€
Bruhhhh u blowing up my spot giving off feddy vibes bro bro brooooo
Youβre bussin my bruh. On god
Chef ish in the house cuz imma cook
Bruh! Let the man cook. Let heem cook fam!
There a difference in explanation and education. You don't know how to read until someone tells you what letters are. Do we need to improve how we communicate with letters? Or is it pretty easy to explain some things. If we didn't have a dollar and they came out today, no one would know what dollars and cents are. In this case the "explanation is just defining terms. Same with Bitcoin. All you have to do is define terms. There no long winded explanation you need to give. Bits has to be explained the same way as sats do. Except literally no one in the ecosystem uses bits in their application EXCEPT for cash app.
Wait they are using it to mean bits ??? what the fuuuck
No their using a symbol to mean 1/1,000,000 of a coin. They don't have a term. Just a symbol.
It's the most retarded shit ever right?
This is insanity.
Display currency:
$
$1=100 USD
USD
1USD = 1USD
Yeah, not confusing at all. This is what newcomers need to understand how fractions work. /s
Sorry left off some zeros.
Bits is fine, btw.
It still has 1 meaning (100 sats). Sats are better but this is not ambiguous compared to the shitty B that is ambiguous.
Sats are to bitcoin as cents are to dollars
Anyone can understand that
My kids understand it.
Okay, good one π
Hello, care to chat?
π
But, in the example, they're paying in bitcoin no?
Lol, that's gay π€£.
