pull down to refresh
171 sats \ 4 replies \ @037447d9ca 31 Jan \ on: satsymbol.org | It’s time for a better symbol for sats. bitcoin
Why not just use the metric system to represent fractions of Bitcoin?
1μ₿ = 100sats.
1m₿ = 100,000sats
I liked when milliBitcoins and "bits" were a trend.
Using Satoshis as fractions is confusing because it is neither a microBitcoin not nanoBitcoin but something in between.
To add more confusion to the mix milliSats is now a thing too. So maybe we should just say 100MegaSats instead of 1BTC and drop the bitcoin as a unit altogether?
What is the "logical" denomination will change over time. At one point a car cost a million bitcoin, now it costs one. So likewise we will go through denominations of sats.
I like kSats as a denomination because I think it's logical, not too big, and it sounds like a radio station!
I also like the idea of a cultural standard for a "zap", like 10 sats. But that might be confusing.
reply
bitcoin is the first currency ever where a redenomination would add, not remove digits. hyperdeflation. fascinating!
reply
What is the "logical" denomination will change over time. At one point a car cost a million bitcoin, now it costs one. So likewise we will go through denominations of sats.
That's the point of the metric system. It can adapt.
reply
It's indeed confusing to navigate all possibilities! We should definitely aim to simplify things. There's enough complexity around Bitcoin!
reply