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525 sats \ 5 replies \ @skreep_ 17 Feb \ on: Stacker Saloon
https://m.stacker.news/16457
Throwing my hat in the sat symbol race, though I'm sure this has been suggested before.
It does bother me we don't have a unified sat symbol.. the kebab, the dumb S people drew on their bathrooms stalls in middle school, putting the ₿ on the right or left, etc. It's all cause for confusion.
The community is also in agreement that Bitcoin with a capital B stands to represent Bitcoin the network, while bitcoin with a lowercase b is to represent bitcoin the asset, but this isn't reflected in the symbol itself.
I think little b with a dash or two through it is the perfect happy medium. Big B means big Bitcoin, little b refers to total amount of smallest slice of a bitcoin. Quick and easy to write by hand, and it also distances itself from "sats" or deviates from b as in bitcoin.
I personally consider adopting the term 'satoshi' as the name for the smallest fractions of Bitcoin to be antithetical to the ethos of Satoshi Nakamoto, who most likely valued the technology's democratic nature over personal recognition.
also, that symbol is basically the result of writing b i t c o i n on top of itself.
Nothing needs changing.
I only see this increasing the complexity. If no other standard exists to date, there’s almost zero chance it’ll be adopted by all wallets. It’s one thing to have a network fork, but a complete other thing to have a subjective fork that is very personal to each person.
Sats are well recognised now. Perhaps we’ll see devs and wallets implement their own sats symbol variant, but as long as they’re still called sats… all is well as far as I’m concerned.
The problem is not user bias. It’s that people don’t understand bitcoin. And that there still today aren’t enough products to rival fiat UX. We should design to solve those problems IMO, not new names for sats and not increasing the friction to understanding a simple concept like sound money.
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I am mostly on board with you. Every suggested option is objectively terrible (besides maybe #2), not saying the one I drew up in paint isn't. I do however like it more than almost every other option I've seen suggested. The kebab makes me want to die.
"Sats" might be here to stay, might not. Sats are well recognized by early innovators, "real bitcoiners" or some devs and/or those who actually care about the 'lore' of bitcoin, but if bitcoin ever just becomes universally understood as money that >99% of people only choose to use because the other 99.9%+ of the world uses it, then the only true universally understood and accepted name for the asset on the Bitcoin network will be bitcoin. "Bucks" are well recognized as dollars, but never legally or formally speaking.. probably a similar fate for "sats".
Also my point remains that I believe Satoshi himself would be shaking his head at the community for coming to that consensus.
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Also, the lack of standardization across the industry leads to unnecessary complexity and confusion for newcomers.
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