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.


If it aint broke…


Oop


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!


stay humble. stack bitcoins👏🏽

nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx


Please no. Sats is fine.


Why would we want that?

I see no benefits. The downside is the same as removing cents, dollars, hundreds, thousands, millions and keeping billions.


Good luck.


Sats is


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


Nooooooo


No.


Don’t make things more confusing. Spoken word allows people to differentiate the network and the corn.


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?


I like this


“5 bitcoins” != “5 bitcoin”

please no


I prefer to use “sats” because I never had a #bitcoin 🥺


Why? It’s divisible like a dollar and already has a value most people understand.


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.


No, sorry this is horribly confusing. "Satoshis" has a specific meaning. "Bitcoin" has a specific meaning. Further, "bitcoin" is it's own plural. "Bitcoins" sounds really dumb.


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


Using Sats and Bits would be better imo.


This note gave me a deep sense of comfort.


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


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.


No keep sats


Fair. 🤝


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.


No, because sats are increments of Bitcoin. That wouldn't make sense. What would a whole Bitcoin be called? Although, I would love each of my sats to become a full Bitcoin. 😂


Sats is short for Sa-to-shis. More syllables.


Will just add more confusion, don’t do it!


No. Let the latecomers feel poor forever. HAHAHAHAHHA.

nostr:nevent1qqs26p38jlh7d60wfgl960vv73vnmnv73jee4hgx7rw238t6n6xfkrspz9mhxue69uhkummnw3ezuamfdejj7q3qhcwcj72tlyk7thtyc8nq763vwrq5p2avnyeyrrlwxrzuvdl7j3usxpqqqqqqzpc467z


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


Just no


Nay.


It’s perfectly fine the way it is.

Bitcoin is a whole unit…
Satoshi are already fractional.

Ain’t broke… don’t fix


1. No
2. No
3. Heck no

🤙🏼


No. This idea is ghea.


Nah — Sats are the standard.


Sats. Anything else is just confusing.


Send me a legacy bitcoin and I'll send you 2 of the new ones.


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


Nope. Sticking with sats would do.


The word ‘sats’ should be as resistant to change as the bitcoin network is.


No, please respect the history of Bitcoin, the "sat" unit has a low threshold for understanding. If you want to make it easier for the average person to understand, you can say "100 sats Bitcoin".


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


No. Leave it be. Sats is the standard.


We‘d all be rich


NO


Sats for the win. 🏆


Terrible idea


I like sats


sats makes it to seem easier 😊🧡⚡


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.


Bad idea, sat is sat.⚡


Sats sounds good.


do it


What about “bits”. 1 bitcoin is 100,000,000 bits


1 bitcoin = 100,000,000 bits


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


It's sats, the community has decided. You could go with "bitcoinSATS" for the incoming n00bs. Depends why and where you want to change it though.


I don't like this idea, make confusion. Only bitcoin and satoshi.


Sats are standard, don't touch it.


pack that shit in.


You can do whatever you want but I am calling them sats.


Why?
What would you call a bitcoin if sats are renamed bitcoins


no


Why do we even keep discussing this


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.


Nah.  Sats is sats.  Stack sats.  Send sats.
Don't mess with sats. 😂


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


Stupid. No need to explain.
nostr:nevent1qqs26p38jlh7d60wfgl960vv73vnmnv73jee4hgx7rw238t6n6xfkrspz3mhxue69uhhyetvv9ujumn0wd68ytnzvupzp0sa39u5h7fduhwkfs0xpa4zcuxpgz46exfjgx87uvx9ccmla9reqvzqqqqqqylmrjd0


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


100 million was chosen because it's the nearest 0 to 64 bits.


sats are easy since you can use metric suffix easily.
eg. 1k sat


Bits. And use the kebab 😄


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.


Some men just want to watch the world burns


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, nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx zapped me 42 bitcoins!"

come on nostr:npub1hcwcj72tlyk7thtyc8nq763vwrq5p2avnyeyrrlwxrzuvdl7j3usj4h9rq
I like your App
but...
seriously???


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


Great name.

Satoshi = whole BTC

Sats = little BTC


Bad idea. It is a homage to the creator and sending .00000001 bitcoin to someone is stupid


No no no


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.


Exactly and BTW what a disgrace to stop honoring Satoshi for his huge gift to humanity?


That's probably better, I'll try this next time I introduce someone. Thanks!


Bad idea...


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.


Peak development ideas in custodial lightning wallet land.

Top fucking minds.

nostr:note145rz09l0um57uj37t57ceaze8hxear9nntwsduxu4zwh485vnv8quyzypr


"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


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


It’s a countable noun.

https://bitcoin.stackexchange.com/questions/1469/is-bitcoin-a-countable-noun


It won't be a Zap. Hmm. A Splash? 💦


yeah that sounds cool tbh


"yo, did you zap or splash me?"

totally an understandable theoretical communication on Nostr 🤣.


No Sir.

1BTC = 1BTC

1BTC > 1sat

😂


If this is 1...

What is 2??! 🤔🤣


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


Nice troll guys


Hard no


highly regarded


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


No benefits. Only downsides. Why even have this idea?


but I like sats more, it sounds cool and very cypherpunk


I think people will look at Bitcoiners with confusion when they say "1 whole bitcoin = 100 million bitcoins"


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.


Oh, well that makes sense.


Why would you want to do that???


2,100,000,000,000,000 is the total max supply of sats

18,446,744,073,709,551,615 is the maximum value of an unsigned 64 bit integer.

I forget now. It's been a long time since I looked at the bitcoin code.


they're already having it with dollars => sats


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.


sats are sats  - bitcoins are bitcoins so big hell no from urantia


No!


That ship has sailed IMHO. Sats it is.


Nostr and Lightning is the reason I dig Sats as a unit.


sats is better. in sankrit , sat mean truth, unchangeable..


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.


I dig it. one tenth of any amount of gold is still gold. why would the same standard not apply to bitcoin?