FLASH's avatar
FLASH flash@primal.net 8 months ago
⚡️🎯 NEW - Bitcoin enhancement proposal BIP-177 seeks to redefine Bitcoin's base unit by replacing the "satoshi" (1 BTC = 100,000,000 satoshis) with a new unit called "bitcoin", equivalent to the old satoshi. 1 BTC would thus become 100,000,000 bitcoins. Supporters claim that replacing amounts such as 0.0000123 BTC with 1230 bitcoins would make transactions more understandable for users. What do you think? #asknostr image

Replies (40)

⚡️DEFAUXKING⚡️'s avatar
⚡️DEFAUXKING⚡️ Defauxking@primal.net 8 months ago
If that confuses them, they aren’t ready for Bitcoin. Infinitely divisible means there will always be decimals involved. Basic mathematics are a prerequisite to Bitcoin nevent1qqsg59frezqmv04uj9ax9wpl70zehrpugcjra4ztmm99gv57ydermjqpzemhxue69uhkvet9v3ejumn0wd68ytnzv9hxguhy0zf
BroccoliRiceTofu's avatar
BroccoliRiceTofu 8 months ago
Here’s my 2sats, why does BTC need to compete with the meme coin craze? This is all make believe. Virtually inflating supply and virtually dropping the cost per unit in order to just ‘feel good’ about how many coins you hold??? This is the crytpo participation trophy equivalent
Matheus's avatar
Matheus 8 months ago
Shouldn't we be debating changing from 8 decimal places to 9?
BTC Update's avatar
BTC Update btcupdate.002008 8 months ago
nevent1qvzqqqqqqypzqquxdpn0xlh4zqw9k3patfqml9nnndqkyd9e642sfxzlycj5279pqy88wumn8ghj7mn0wvhxcmmv9uq36amnwvaz7tmwdaehgu3wvf5hgcm0d9hx2u3wwdhkx6tpdshsqgr5a20n9tsw2s8sfpphq9awg22wm73uygz5c8tgv63egwtz52ne7ym0kt38
Cryptonator Guy's avatar
Cryptonator Guy cryptonator@getalby.com 8 months ago
sats is the answer no matter what, why? because, if this is changed people will get lost if we are talking about a coin (Bitcoin), or a fraction of it (sats) imagine changing cents in fiat money to Dollars for example, the chaos that it will create lol
DragonKun's avatar
DragonKun 8 months ago
Americans uses the imperial system full of non-sense (as a metric user) but can't put they head around a bitcoin and a sats ...
DewBee's avatar
DewBee 8 months ago
I like Sats. Calling $1 a Dollar and $.01 a Cent, change cent to Dols. More confusing. Sats sound cool and respect Satoshi. Bits, sounds like a dog food or candy. This must have been envisioned by the fiat system. To divide, confuse, make child like, and waste our energy. Who is with me? 🏄‍♂️
Pallab J D Goswami's avatar
Pallab J D Goswami pallabjd@iris.to 8 months ago
In my language, "Sat" is a slang word, which means male genital. Still I would prefer not to replace "sats" with "bitcoin". That's just stupid.
FLASH's avatar FLASH
⚡️🎯 NEW - Bitcoin enhancement proposal BIP-177 seeks to redefine Bitcoin's base unit by replacing the "satoshi" (1 BTC = 100,000,000 satoshis) with a new unit called "bitcoin", equivalent to the old satoshi. 1 BTC would thus become 100,000,000 bitcoins. Supporters claim that replacing amounts such as 0.0000123 BTC with 1230 bitcoins would make transactions more understandable for users. What do you think? #asknostr image
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1 replies ↓
M0053's avatar
M0053 M0053@mooose.xyz 8 months ago
I don't know why this is so complicated. The name change solves nothing. It just renames something and then creates another layer of confusion. It's so obvious. I don't... I'm struggling... I'm struggling with this one. Just tell people that sats are the smallest denomination of Bitcoin. Like a penny. So easy.
1 replies ↓
Matt's avatar
Matt mattyb@plume.website 8 months ago
The sooner the proponents of this fuck off the better.
FLASH's avatar FLASH
⚡️🎯 NEW - Bitcoin enhancement proposal BIP-177 seeks to redefine Bitcoin's base unit by replacing the "satoshi" (1 BTC = 100,000,000 satoshis) with a new unit called "bitcoin", equivalent to the old satoshi. 1 BTC would thus become 100,000,000 bitcoins. Supporters claim that replacing amounts such as 0.0000123 BTC with 1230 bitcoins would make transactions more understandable for users. What do you think? #asknostr image
View quoted note →
1 replies ↓
The Epic's avatar
The Epic 8 months ago
Oof, kinda a ridiculous idea imo. We don't really need to stop calling them satoshis. It's actually a very good thing that they're called satoshis as we're still so early. People who don't know about Bitcoin talk about it in terms of bitcoin like 0.001 BTC. People who have actually researched and done their homework on Bitcoin know that it's way easier to talk about things in terms of satoshis. It's actually a good early adoption "litmus test" to see if someone knows the basics of Bitcoin. If someone doesn't know what a "sat" or "satoshi" is in context to Bitcoin, it's likely that they don't know a whole lot about Bitcoin. This is just one utility of the word we use for the unit. Don't try to "fix" something that isn't broken. 🤦‍♂️
Default avatar
npub17jef...nwnd 8 months ago
Bad idea, we already have smaller units of Bitcoin, namele bits and sats, 100 stats = 1 bit = 0.000001 BTC
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