Joe on Nostr: That's the case now of course, but if you look at those you see the word Bitcoin ...
That's the case now of course, but if you look at those you see the word Bitcoin isn't doing anything other than trying to help out the words Sats—because the word Sats cannot yet stand on it's own. So the word Bitcoin is a crutch.
But over 20 years that changes. Sats stands on it's own.
It starts with where prices are shown, such as a menu or a price-tag.
Is a restaurant menu in 10 years' time going to show the price of my scrambled eggs as:
1,000 Sats / 0.000000000001 Bitcoin (or however many zeros)
Restaurants don’t waste space on menus, and adding a mess of zeros is an obvious net negative. My scrambled eggs will be priced at 1,000 Sats and that’s it. No Bitcoin mentioned.
Once the word Bitcoin is gone from menus and price-tags, the next is receipts. The receipt will show you spent 1,000 Sats. Phrases like "Thanks for purchasing in Bitcoin" will fade away from the bottom part of the receipt, because again, what is that adding? People know what a Sat is by this time.
And so on. You get to 2040 or 2050 and the word Bitcoin is like the word Bullion for gold. It's still there but for traders and stuff, not for regular people.
Published at
2025-05-17 12:43:39Event JSON
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"content": "That's the case now of course, but if you look at those you see the word Bitcoin isn't doing anything other than trying to help out the words Sats—because the word Sats cannot yet stand on it's own. So the word Bitcoin is a crutch.\n\nBut over 20 years that changes. Sats stands on it's own. \n\nIt starts with where prices are shown, such as a menu or a price-tag.\n\nIs a restaurant menu in 10 years' time going to show the price of my scrambled eggs as:\n\n1,000 Sats / 0.000000000001 Bitcoin (or however many zeros)\n\nRestaurants don’t waste space on menus, and adding a mess of zeros is an obvious net negative. My scrambled eggs will be priced at 1,000 Sats and that’s it. No Bitcoin mentioned.\n\nOnce the word Bitcoin is gone from menus and price-tags, the next is receipts. The receipt will show you spent 1,000 Sats. Phrases like \"Thanks for purchasing in Bitcoin\" will fade away from the bottom part of the receipt, because again, what is that adding? People know what a Sat is by this time.\n\nAnd so on. You get to 2040 or 2050 and the word Bitcoin is like the word Bullion for gold. It's still there but for traders and stuff, not for regular people.\n\n",
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