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.
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bitcoin is the first currency ever where a redenomination would add, not remove digits. hyperdeflation. fascinating!
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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.
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It's indeed confusing to navigate all possibilities! We should definitely aim to simplify things. There's enough complexity around Bitcoin!
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