Oddbean new post about login | logout 1. Renaming 'sats' to 'bitcoins' What do you think about this idea? What would be the benefits/downsides?
Just use bits. 1 bit = 100 sats.
No.
Why? It’s divisible like a dollar and already has a value most people understand.
Because adding more units is useless, it’s already been tried countless times and never caught on. And bits already has another definition in the technology lexicon. nostr:note1r3ewrw6yk4wzg8ya3e4vqqnk9ypufuhsr97tyat0eyx668nlyy3q2f84x3
I like this
Stop trying to make bits a thing🤣
I honestly don’t really care and will use whatever the larger community uses, but “sats” just confuses anyone who is new to bitcoin.
Whenever I explain it to someone new I just say it's 9 decimal places of a Bitcoin so it's really small and can be used for day to day tx's and they get it, I don't understand what the big deal is, not just you it's everyone yk
Forget about decimal places. I tell people 'there are 100 million sats in one bitcoin.' It gives them a goal to count up to and the human brain understands that much quicker and easier than decimal places past about two.
If it aint broke…
That would be kinda cool, technically a you can’t have a “bitcoin” cause it’s made up of many sats
That would be cool #Bitcoins
Sats, sats, and sats! Just sats!
💯
Why would we want that? I see no benefits. The downside is the same as removing cents, dollars, hundreds, thousands, millions and keeping billions.
Suddenly I feel like I’m on Reddit in 2017 again. It won’t work. There’s already a consensus. There’s no bits, decibits, milibits…just forget it. At some point we’ll just stop saying sats and the amount will be enough to know what we’re talking about. nostr:note1juh5dfzguvuafaplp9qjrq2dld327hvcfjyw54aemgc93qhhz3qq70fsdv
Because Pikachu isn't the pokémon's real name, it's its species. His real name is Satoshi, short Sat. https://media.tenor.com/ZCm2Frb3mx0AAAAM/pokemon-pikachu.gif
No.
Horrible. Why would you do that. 1 syllable to 3? Hard pass.
No. The verbiage is already locked in for the early adopters. Why change?
utilise unit bias, and avoid having to explain to noobs that 100 million sats in a bitcoin. Very few individuals will ever deal with numbers to the left of the decimal point.
I think sats makes more sense, its too bad bitcoin isnt on the metric scale though, we should have 1 sat, 1ksat, 1msat, 1gsat=1bitcoin. Lost opportunity.
100 million was chosen because it's the nearest 0 to 64 bits.
Oh, well that makes sense.
Using Sats and Bits would be better imo.
I participated in that thread on Twitter. Some strong feeling there 😀 I think it’s a good idea actually. Trying to explain sats to newbies just makes the conversation more convoluted (yeah, yeah, pennys to dollars - but still) Also the ‘0.0004788’ format is not good UI.
It’s too late, just keep sats and bitcoin as they are. People can handle pennies and dollars. It’s basically the same thing.
I have reconsidered my position. I might consider it, if 100M "Bitcoins" was called a Handsome Overlord Coin nostr:nevent1qqs26p38jlh7d60wfgl960vv73vnmnv73jee4hgx7rw238t6n6xfkrspz9mhxue69uhkummnw3ezuamfdejj7q3qhcwcj72tlyk7thtyc8nq763vwrq5p2avnyeyrrlwxrzuvdl7j3usxpqqqqqqzpc467z
Nay.
1. No 2. No 3. Heck no 🤙🏼
No. This idea is ghea.
Bitcoin is a full coin. Sats are 100,000,000 of a bitcoin. Don’t try to change the code, The code changes you.
₿ULLISH on sats
Well are you trying to psyop us into hyperinflation?
We must Jail John Carvalho immediately he's a danger to the bitcoin network our community and our culture as a whole. He's tricking everyone into hyperinflation. nostr:nevent1qqs26p38jlh7d60wfgl960vv73vnmnv73jee4hgx7rw238t6n6xfkrsppemhxue69uhkummn9ekx7mp0qgstu8vf099ljt09m4jvres0dgk8ps2q4wkfjvjp3lhrp3wxxllfg7grqsqqqqqpvc6t25 https://nostrfiles.dev/uploads/BZkmClxjTdk6WsIIvTqD.jpg
1 AND THE SAME
Bits
Lol, is the goal to deceive the plebs?Anyway I like sats since it gives me a good idea of the denomination am working with. But also WOS if want to make Plebs feel like they own a lot of sats try enabling mSats.
Nope. Sats is fine. Otherwise people / noobs would start arguing there are more than 21.000.000 bitcoins. It’s already confusing enough for people who are just starting to learn. Sats are fractions of a Bitcoin. How hard is it to explain that?
If it's based off the bitcoin block no keep it called sats you can just put in the website bitcoin based blockchain. A name change at this point would only look bad I think.
Many people have great arguments to change the standard away from Sats but in the end Sats seems to be very sticky. IMO we need to embrace it as a standard as not to add even more confusion. But there should also be other alternatives in the settings. Bits should definitely be an alternative.
Stop it
You can do whatever you want but I am calling them sats.
Why? What would you call a bitcoin if sats are renamed bitcoins
Please don't. I use your software to onboard newbies. I don't need them thinking they are sending 21 bitcoins to my goats. Sats is it. You'll only introduce noise into the bitcoin memetic space and dilute your own brand in the process.
Juts put a Sats to Bitcoin converter... Just put a Sats to dollar/euro/x converter... That's it. Everybody will understand. "Sats" are the Lightning Network soul. Don't change the name.
You take away my sats, you are dead to me, I would sooner lay you into this barren earth then entertain your folly for a moment longer. You will not have Bitcoin, you will not have bits, you will have sats! Thats final
Sats are the standard. Stay humble and stack them. Let this meme continue to catch on please. Yours faithfully, A Humble Sat-Stacker
Sats are fine, just keep stacking them... nostr:note145rz09l0um57uj37t57ceaze8hxear9nntwsduxu4zwh485vnv8quyzypr
"sats are confusing" "what would be less confusing is if we revalued an existing unit that the world has already accepted" lmfao insane
Sats is a dumb name, IMO, but it follows what we already know, such as dollars and cents. We've been able to figure that out. Zaps the standard.
i have a theoretical question tho, what if one day someone created an nip for l-btc donation / tipping on nostr. how should we call it then? haha
It won't be a Zap. Hmm. A Splash? 💦
Great name. Satoshi = whole BTC Sats = little BTC
Would make #walletofsatoshi a fraud instantly because everybody new would think they can get Bitcoin for free. That would be the right answer to your question. How would that be than on #NOSTR Like: "Look dudes, @ODELL zapped me 42 bitcoins!" come on @Wallet of Satoshi I like your App but... seriously???
Bad idea. It is a homage to the creator and sending .00000001 bitcoin to someone is stupid
ATROCIOUS. Singular "bitcoin" for the whole unit. "bitcoins" is Boomer shit no matter which level of denomination we're talking about. Plural "sats" for the fractional unit. It just sounds cool.
bitcoins is fine, don’t be a zoomer.
"It's raining, there's waters on my window." "Ah, I love hiking, breathe in those fresh airs!" "Ug, the beach, I have sands in my shoes."
that must have broken you, to write those three sentences
It’s a countable noun. https://bitcoin.stackexchange.com/questions/1469/is-bitcoin-a-countable-noun
Peak development ideas in custodial lightning wallet land. Top fucking minds. nostr:note145rz09l0um57uj37t57ceaze8hxear9nntwsduxu4zwh485vnv8quyzypr
if this post by WoS doesnt end up trending on primal for good trolling then it will be clear that primal trends are as liberated as those on X nostr:nevent1qqs26p38jlh7d60wfgl960vv73vnmnv73jee4hgx7rw238t6n6xfkrspz4mhxue69uhk2er9dchxummnw3ezumrpdejqyg97rkyhjjle9hja6expuc8k5trsc9q2htyexfqclm3schrr0l550ypsgqqqqqqsvfacpn
No Sir. 1BTC = 1BTC 1BTC > 1sat 😂
Sats are actually bitcoins But those with Adjustment Disorders like most older people with conservative values, and even younger ones with AS, HFA, or ASD have full-on adjustment disorders too and will react violently when faced with sudden, unwanted change so it's something to deal with, because only calmer minds make better decisions But bitcoins are literally, COINS The full amount should have been SATOSHI or to make it ungeneric-sounding, call it satomoto, satoshimo, whichever sounds nice
they're already having it with dollars => sats
Nice troll guys
Is this a joke? In case not, no!! definitely not... way too confusing!
imo Good idea in long term. there is no such thing as a whole bitcoin
but I like sats more, it sounds cool and very cypherpunk
No benefits. Only downsides. Why even have this idea?
The term bitcoin would ideally be applied to a unit with a sane value. As it stands a lot of people think of bitcoin as expensive when that is a completely arbitrary valuation. Right now 1 sat is too small to be the standard unit, and 1 bitcoin is too big. I think Adam Back has the right idea and in the near future we'll be pricing bitcoin by the bit (0.00000100 btc) and this will eventually become the unit that laypeople mean when they say bitcoin. Sometime around the point that 1 sat == $0.01. It's a logical transition for people to think of sats as cents and bits as dollars.
Hell no! is what I think. We don't need MORE confusion. We have enough with the "bitcoin the asset" and "Bitcoin the network" nonsense.
Nostr and Lightning is the reason I dig Sats as a unit.
The downside is no one can tell how much Bitcoin you are talking about. "Would you be interested in selling your car for two bitcoins?" The scammers will have so much fun with your idea.
Let's rename 1 sat as $1 instead.
