0 sats \ 4 replies \ @guyfawkes 5 Dec 2022 \ on: Voting on the Sats symbol bitcoin
'satoshi' should be obsoleted and replaced with 'bitcoin'. Anything to the left of the decimal point is just a multiple of the bitcoin unit.
First of all, that sounds miserable to read. How are prices written? A coffee is going to cost 35k sats, not 0.00035 btc. Tips are 500 sats. 0.000005 btc looks ridiculous.
But it doesn't even matter because it's too late. Sats are already adopted into the lexicon. No one is going to stop using that. We are already using it on this site itself. Every single post would be labeled .0000001 (I had to count, this already sucks) which also makes this notion really shitty UI.
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Maybe I didn't word the idea properly.
Using your examples, a coffee will cost 35k bitcoin. Tips will be 500 bitcoin. Anything to the left of the decimal point is just multiples of one hundred million bitcoin.
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Thanks for clarifying, that makes more sense. I still don't think this will happen, nor is it effective UX for bitcoin. Ultimately, if someone says "500 bitcoin", that already means something else and it happens to mean something incredibly important. Sats already has wide spread adoption, and there's no way I see it changing.
That said, had Bitcoin started off the way you're suggesting, I think it probably would have stuck. Just too late now.
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Having Bitcoin on the brain for so long, I agree, but I onboarded a mate the other week, and explaining bitcoin vs satoshi was just one more road block I had to overcome in order to have him secure financial independence. Explaining that 100 million satoshis is equal to 1 bitcoin is a mental exercise noobies can do without. And when you imagine just 3 epochs from now, when the reward is under 100 million bitcoin (😉), an infinitesimal minority will be referring to more than 100 million units. If we can use trillions for dollars, we should have no issue with trillions for bitcoin. The pebble has been thrown into the pond, let's see where the ripples take us.
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