First, let me state I absolutely feel the pain this would cause. And I'm not "aggressively" supporting anything.
My point is that using bitcoin with decimals has been very bad for years now.
Then, Sats is still a word for hardcore bitcoiners. None of my many friends who have bitcoin in cold storage since over five years knows what a sat is. Or maybe one does, at best.
Analogy: still today a dollar is something meaningful both for everyday usage as well for a nation state GDP.
Due to very high inflation this is to true for some other nations state currencies. When you have to buy bread with a Billion coins, it becomes nonsense.
In Bitcoin the same is true, obviously for the opposite underlying reason: nowadays virtually no new individual will ever own a whole bitcoin. And nothing out there can be priced in a bitcoin, but in a fraction of it.
What's being suggested is the exact same operation done with stock values when they are worth too much per stock in USD. Is convenient for everyday usage which is what we want bitcoin to be used for. Pricing things, paying for purchases many times a day for billions of people.
All that said, I will he perfectly content to switch to a "sats" standard. Anything that removes the fractions and let people buy thousands of unit with a few dollars.
But we're not there yet. All exchanges sells bitcoins, not sats. And honestly as we're just approaching the early majority now, renaming now, it does not seem too late.
Daniele
npub1nc…4r8ar
2025-05-20 11:34:54
in reply to nevent1q…cxlt
Author Public Key
npub1ncdaqhk5rea29hdpaxmyhzay3d5mkrattg3dgs4yjkcml99fkqcqz4r8arSeen on
wss://relay.nostr.band/npub1t3wsgj6lvcv072gcslrmrf52zwjc9ru258y5657z46fhrc2fg6vqjw8ah4wss://lightningrelay.comwss://relay.damus.ioPublished at
2025-05-20 11:34:54Event JSON
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"content": "First, let me state I absolutely feel the pain this would cause. And I'm not \"aggressively\" supporting anything.\n\nMy point is that using bitcoin with decimals has been very bad for years now. \n\nThen, Sats is still a word for hardcore bitcoiners. None of my many friends who have bitcoin in cold storage since over five years knows what a sat is. Or maybe one does, at best. \n\nAnalogy: still today a dollar is something meaningful both for everyday usage as well for a nation state GDP. \n\nDue to very high inflation this is to true for some other nations state currencies. When you have to buy bread with a Billion coins, it becomes nonsense. \n\nIn Bitcoin the same is true, obviously for the opposite underlying reason: nowadays virtually no new individual will ever own a whole bitcoin. And nothing out there can be priced in a bitcoin, but in a fraction of it. \n\nWhat's being suggested is the exact same operation done with stock values when they are worth too much per stock in USD. Is convenient for everyday usage which is what we want bitcoin to be used for. Pricing things, paying for purchases many times a day for billions of people. \n\nAll that said, I will he perfectly content to switch to a \"sats\" standard. Anything that removes the fractions and let people buy thousands of unit with a few dollars. \n\nBut we're not there yet. All exchanges sells bitcoins, not sats. And honestly as we're just approaching the early majority now, renaming now, it does not seem too late. \n",
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