James Lewis on Nostr: "Reduce confusion"?!? 😂 If we were to do that, it should have been when 100M base ...
"Reduce confusion"?!? 😂
If we were to do that, it should have been when 100M base units was not valued at $100k, but at $1k. A smaller user base would be more accepting and easier to inform, especially because they were not normies.
I agree, however, that the high value of the base unit makes it a challenge for the uninitiated, not knowing that you can trade in tiny bits, not only in whole coins. Generally speaking, coins are not meant to be broken up, so there's a verbal connotation to the whole unit being indivisible.
Sats are easy enough, though, I think. We can also use mili- and micro- to denote other denominations as we need.
Published at
2025-05-19 15:07:31Event JSON
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"content": "\"Reduce confusion\"?!? 😂\n\nIf we were to do that, it should have been when 100M base units was not valued at $100k, but at $1k. A smaller user base would be more accepting and easier to inform, especially because they were not normies.\n\nI agree, however, that the high value of the base unit makes it a challenge for the uninitiated, not knowing that you can trade in tiny bits, not only in whole coins. Generally speaking, coins are not meant to be broken up, so there's a verbal connotation to the whole unit being indivisible.\n\nSats are easy enough, though, I think. We can also use mili- and micro- to denote other denominations as we need.",
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