Marketing #Bitcoin to the masses has become an ETF strategy and price is a part of that. You probably can't afford a whole Bitcoin, but now you can buy part of a Bitcoin ETF, and you can DCA Bitcoin, that way.
People are used to that strategy, as they use it for stocks. Most people don't realize that every person can buy parts of a Bitcoin, that's why it's assumed that Bitcoiners all drive Lambos to their mansions.
I don't know why we only quote whole coins. I'm not going to spend a whole coin at the grocery store. Useless denomination.
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Let's just call them sats from now on.
That's why I try to talk about things in terms of sats, and help understand the units. Unit bias is a stumbling block for many.
Moscow time works best for me.
Moscow time is the best to see USD fiat crashing to hell. And in the future we will get used to price in sats, and only to pay taxes or shit we will check the moscow time (or equivalent in your local fiat) to check how much sats it will cost you per fiat unit.
#moscowtime
Bitcoin is the protocol. SATs we stack (and spend). Just start referencing the Bitcoin protocol instead of the catch all 'Bitcoin'. Then if anyone asks questions you can explain how we move SATs on the network.
The problem is with quoting the price of an entire Bitcoin on the market. It's actually used as anti-Bitcoin propaganda, by altcoins.
I like satoshis much better, as they are actually sized closer to what everyday items cost. 1 Euro is circa 2000 satoshis, so 1 euro cent is about 20 satoshis.
The sat is the only unit that means anything to me. I actually get quite annoyed at UIs that only show me decimal values. It's so fucking useless and annoying, especially when it's like 5000k sats. I'm okay with seeing 100,000,000 if I had to move a "whole coin." I'm sure most people are.
I doubt anyone I personally know will ever need to move an entire coin, unless they sell a house of something.
Exactly my point. And even if they do, seeing 100M instead of 1.0 aloft their horse isn't as big of a deal as making everyone else suffer the confusion lol
Yeah, I only think in sats. It's just the euro price doubled and with 3 zeros added on. I can do that really fast, in my head.
Like, if a cup of coffee costs €4, then that's 8000 satoshis. Easy.
Another one I did is figuring out that €25 is 50k sats. (25*2*1000). That's my "should probably pull it into LN self-custody" level. And 100k sats is then €50 and that's my "should probably pull it into hard wallet" level.
I just picked €25 because that seemed like a pain point. That's a dinner at a restaurant or a steak from my butcher. Half a tank of gas.
Check Liana wallet UI, they display the amount in sats with the 0,00... grayed-out in front of it, so you have both bitcoin and sats in one view.
0,1 BTC = 0,10'000'000 ₿.
It's a very good UI trick to solve this problem.
Yes, that's useful. I always forget that it's 100k sats to a coin, and not a million.
its 100 Million sats to a coin
Oh, right. 😂 I really can't comprehend large numbers. Generally suck at numbers.
I'll stick to variables. Safer.
Then they are lasy mental losers. It takes 1 min to learn how Btc divides to sats.
That it divides, yes. That you can purchase it in divisions, no. Took me nearly 10 years, to find that out.
No way 🤣. You are too smart for that.
Has nothing to do with intelligence. It was simply chance that the materials I was looking at were older, from before the price jumped, from the era where it was cheap enough that a normal wagie could buy gobs of them. Or they were timely articles in an economics magazine I subscribed to that catered to the wealthy; full of Cartier ads and such.
The need to buy parts of a Bitcoin arose later.
Probably also the problem that I was looking at German-language materials, but somehow missed the #einundzwanzig guys. I didn't find out about them, until after I'd bought some.
I can relate. I based my opinion on some bits and pieces that hit me back at a time...they were in Polish..it was a big mistake.
I believe in Providence, so I don't sweat it. I was apparently supposed to miss early Bitcoin and get early Nostr.
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