Many people have heard of the US dollar, which has “cents,” and hardly anyone is confused—paying 50 cents won’t make anyone think it’s 50 dollars. Sats can serve a similar role as the “smallest currency unit.” The correct way to display it would be: “Pay 6,980 sats or 0.0000698 BTC,” which is better.
This not only ensures transaction precision, but also preserves Bitcoin culture and makes small payments easier for ordinary users to understand.
If you just display “Pay 6,980 BTC,” ordinary users might mistakenly think they are spending 6,980 BTC
Replies (2)
Can't really compare to cents, there's only 100 of them and it's easy to display 0.50. Can't do this with bitcoin. I am not defending this position, but I am merely pointing out their logic for changing it. Plus, bitcoin does not come with a subunit, it has always been just bitcoin.
My personal opinion is not fully made up. I kind of agree that most people have probably not heard of sats so there's no harm there. It's easier to write, easier to display, looks nicer (important to me), I'm also biased since I am used to sats.. but on the other hand <insert all coutnterarguments>. I guess I just want to wait and see how the dust settles. I could go either way on this.
