0 sats \ 1 reply \ @joda 31 Jan
welcome back! Hope you enjoyed... Bermuda?
I think eventually the $ could work, but there's going to be a long period of time with both in the system and it won't fly culturally or technically, as the books all record dollars with $.
reply
there's going to be a long period of time with both in the system and it won't fly culturally or technically, as the books all record dollars with $.
yes, the moment when $ can be declared dead won't be as well-defined. specially considering how many currencies use $!
reply
WTF! Welcome back @DarthCoin
reply
Why associate sats with a symbol that today represents fiat? We're trying to build a new monetary system, not a new version of what already exists! Wouldn't it be more symbolic to let $ become a relic from the past? Something that our grandgrandkids learn about on museums?
reply
Sometimes you need to step back and look at the surrounded things from a broader perspective...
reply
😂
We're building on Bitcoin to get rid of the dirty, oil-soaked, blood-dripping fiat money.
We have the opportunity to create a new sats symbol that carries none of this negative connotation.
Let's get rid of $ just like we're getting rid of fiat!
reply
Bitcoin is currency. $ is the symbol for currency.
It was actually first used for Spanish Pesos silver coins. It does not mean fiat nor dollars.
reply
the origin of $ is disputed/unknown, yes
but still, the meaning it carries today is not only that of its origin but of what it became
and today, $ doesn't mean good things 🤷‍♂️
besides, sats and other currencies that use $ in their symbols will coexist for a long time (possibly for long after we're dead). the moment when it's time to migrate from "sats" to $ won't be well-defined. $ will remain ambiguous for many people around the world. the turkish lira, argentine peso, and nigerian naira are still being used today despite, in practice, being dead!
is $1000 = 1000 sats? 1000 NZD? 1000 MXN? As we approach sat:usd parity, this will get more blurry!
reply