Nuh's avatar
Nuh 2 weeks ago
I like the µ₿ convention, or n₿ for 10 sats.

Replies (10)

Nuh's avatar
Nuh 2 weeks ago
Sorry for 0.1 sat
Nuh's avatar
Nuh 2 weeks ago
The whole argument against sats is that it is not recognisable as bitcoin, so n₿ retains the recognisable asset without introducing weird new things, and it works for any fraction like milli or micro and people understand this system from the metric.
The people pushing for ₿=sats like to put the symbol on the left to really drive the point of “this is currency” home, meanwhile every time I saw n₿ used was to the right, as a measuring unit would be. I’m sure someone would complain about this fact, somehow. There’s also the argument for ₿S for “bitcoin sats”, but it literally looks like bullshit became a currency.
Nuh's avatar
Nuh 2 weeks ago
I am suggesting a compromise where we say 10 n₿ instead of ₿1 when we mean 1 Sat. This way the recognisable B remains, and the metric micro/nano etc convention is not novel. We already had this in ancient apps like Electrum but in the form of mBTC for milli BTC, I am just saying make it n₿, cleaner. And we get rid of the annoying jokes about B1000 being too expensive, you can't make that joke when it is clearly 10000 n₿. Of course people will object to the concept of 1 n₿ like they object to milli sats, but it is safe to ignore that argument just like it is safe to ignore anyone who thinks sidechains are not valid scaling solution, in that you can just do it and let them tell you it is impossible all they want.
Nuh's avatar
Nuh 2 weeks ago
Another compromise might be to stick to the convention of writing the symbol first, but either go with n₿10 or ₿10n ... The later looks like integer literals and BigInt, which might be good or bad, not sure. But I would say it is not easy to miss so people can learn it quickly as an alternative to decimals.
τέχνη's avatar
τέχνη 2 weeks ago
Yeah that’s good too. “Sats” means NOTHING to people. Hysterical that bitcoiners were so nerdy it actually caught on for them. It’s a shame though that it only goes to an eighth “decimal” place. The ninth is technically nano. No name for eighth. But close enough
Nuh's avatar
Nuh 2 weeks ago
Actually we already do this for dollars in higher numbers like $1K or $1M ... So might as well do ₿21M and ₿10n
John Carvalho's avatar
John Carvalho 2 weeks ago
fwiw I actually tried "millibits" for a couple years, when I ran the Xotika platform. It was too confusing to have so many denominations. BIP 177 really is the solution, waiting for when Bitcoiners realize the "whole bitcoin" meme is useless. One BTC might never be $1M, so these arguments could also be premature. With modern tech, conversions could all happen as credit and denomination becomes less important.