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moneyball305d ago
Drop the sats. Just bitcoin. It's cleaner.
💬 89 replies

Replies (50)

Kayne304d ago
Should we also stop referring to metres and instead just use the name kilometres for metres? IT MAKES IT SOUND BIGGER SO IT MUST BE BETTER RIGHT
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moneyball304d ago
I just don't want to see the elimination of bitcoin
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G.M.Joe302d ago
We still use bitcoin but transact in sats. Where is the problem?
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Kevin's Bacon301d ago
Yeah I don't see that word going away at all
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Sat Nakamoto 304d ago
Bitcoin Centibitcoin Millibitcoin
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Kayne304d ago
Some people were saying that USA corporations like cashapp and whatever else can just rename sats to Bitcoins and that the masses will just accept it because the corporate elites always get their way
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Karadenizli304d ago
"Bitcoin" will always be used to refer to the network and the money, even if sats are used everywhere. A single sentence explanation is enough for most people and it's stupid to ret con the definition of a bitcoin over it.
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Justin Trudeau304d ago
I'm gonna call you dick from now on because of your nose.
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Ccheesypleb304d ago
2. Then you realise that normie media headlines will be 'bitcoin supply increased to 21 quadrillion' and people laugh when you claim bitcoin is sound money.
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Skyler Byrden ⚡️BIP 110 ⚡️UASF303d ago
I like Sats but it can be confusing for newbs. I could never find a converter that lays it out very well so I made one. https://satsconvert.github.io/SatsConvert/
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Benjamin Henderson303d ago
I might agree but what a coincidence that in Sanskrit, the word "sat" (सत्) is a foundational philosophical term. It carries meanings like: truth being existence reality what is eternal or unchanging It appears much in ancient Hindu scriptures like the Upanishads, the Bhagavad Gita, and the Rigveda. example: "Sat-chit-ananda" (सच्चितानन्द) is a famous triad meaning truth-consciousness-bliss—used to describe the nature of the divine or ultimate reality.
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ransom303d ago
Yes, I think you hit the head on the nail. It’s like a psychological ‘stock spilt–’ nothing changed fundamentally about how bitcoin works except the UI consensus.
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The Daniel 🖖303d ago
No.
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puzzles 303d ago
Go Fuck Yourself.
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SweedWick 303d ago
Everyone’s entitled to their 2 Sats
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MA₿303d ago
Apparently he would say everyone is entitled to their 0.00000002 BTC 😂
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Gigi303d ago
Why avoid that fate? Worked well for Linux. Nobody mentions the L-word. Everyone uses Android.
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moneyball302d ago
Bitcoin is already a ubiquitous, great brand. Don't lose it to rebuild another one?
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Gigi302d ago
Great brand? Most normal people either think "scam" or "rich white men" right now, which is an improvement from past associations, but still. In any case, sats doesn't destroy the brand. To the contrary; it augments it. (My 2 sats.)
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Kevin's Bacon303d ago
Shut the fuck up
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221M302d ago
No, that is just retarded and will cause more confusion, leave it alone.
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Lucas M302d ago
This argument is retarded
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sandwich302d ago
🤔 there are some generally good arguments for this, namely the perception of accessibility. I also have experienced the confusion from the uninitiated regarding bitcoin, and the perception that it is "out of reach" or "too late." A potential unintended consequence of this change however would be a devalued perception of bitcoin. "Strong" fungible currencies more often than not have subunits. Interestingly, the only fungible monetary instruments without subunits are highly inflated currencies where a singular unit is useless for economic use (VES, ZWL, LBP, TRY, ARS, IRR, SDG, SYP, AOA, ETB, HUF, DONG, etc) USD United States Dollar dollar cent EUR Euro euro cent GBP British Pound Sterling pound penny JPY Japanese Yen yen sen (obsolete, rarely used) CNY Chinese Yuan Renminbi yuan jiao/fen INR Indian Rupee rupee paise AUD Australian Dollar dollar cent CAD Canadian Dollar dollar cent CHF Swiss Franc franc rappen RUB Russian Ruble ruble kopeck BRL Brazilian Real real centavo MXN Mexican Peso peso centavo ZAR South African Rand rand cent NZD New Zealand Dollar dollar cent KRW South Korean Won won jeon (rare) SEK Swedish Krona krona öre NOK Norwegian Krone krone øre DKK Danish Krone krone øre TRY Turkish Lira lira kuruş THB Thai Baht baht satang SAR Saudi Riyal riyal halala AED UAE Dirham dirham fils PKR Pakistani Rupee rupee paisa EGP Egyptian Pound pound piastre NGN Nigerian Naira naira kobo The subunits have had no effect on the majority of the population's ability to understand the difference between units and subunits. Nuclear option probably not necessary.
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moneyball302d ago
Are any of these subunits 8 orders of magnitude different?
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G.M.Joe302d ago
Sure. I zapped you zero point zero zero zero zero zero zero twenty one bitcoin is so much cleaner.
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Kevin Cyber302d ago
How stupid. Y’all can call it whatever the fuck. We know what it is. Bitcoin is Bitcoin, Sats are Sats. You can choose to call it cows but that will not change what it is lol.
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BohdanKhmelnytsky302d ago
Retard note of the day!
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44ed99c…2b724f302d ago
No
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bitcoinpoorguy 比特幣傢伙302d ago
Where’s the reverse zap button?🤔
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David Cavan Fraser302d ago
Here’s my journey: 1. Realizing how preposterous, confusing and retarded this is. 2. Moving on with my day
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exist270302d ago
Yeahhh… we're gonna need you to shut the fuck up on this one. 💁‍♂️ Stay humble & stack sats. 🤙
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Michael Friedl302d ago
Disagree. I've never met anyone who was confused by the smallist division of a bitcoin being called a sat. Not any of the blue collar people I've spoken to, not my parents nor my grandparents.
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Fulthunge Rani302d ago
Drop the Angstroem. Just meter. It's cleaner. The feature size of the next gen chip goes from 1.4 Angstroem to 1.4 meters. Do you see how stupid that sounds?
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Repeatedly nuked profile302d ago
Ratio wise, you do realise the difference between dollars and cents and. sats and bitcoin? In the whole wide financial world, do we have a word for 100 million of something for which there exists a common word for just1 of that something? Or even 10 million? Or even 1 million? There is a reason all such word pairs fall under a certain ratio. 1:100 is well within limit, 1:100,000,000 is absurd.
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₿k302d ago
Yes, unit of length. All the way down to Angstroem. (1E-10)
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sandwich302d ago
Every single one of those units actually have infinite precision; so yes. There are many things in the world that are measured in fractions of a cent. While uncommon in day to day commerce, it exists, and markets don't get confused. When USD was strong, dollars were out of reach, and cents were used day to day. People didn't get confused. I am not sure coddling the public and treating them like toddlers is the path towards a sefl-sovereign society. I do understand the arguments, but like many others, it is suspicious that this "decision" is an elitist, top-down initiative. It feels contrived.
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Fulthunge Rani302d ago
lol I just gave you the example with Angstroem and Meter. (Ratio of 1:10,000,000,000) You can call MegaSats, KiloSats, just like there is milliSats in lightning. And if you are worried by 8 zeroes instead of 9, go study eastern culture where they use Lakhs and Crores with even spaces (2 units). Stop shoving your naive take.
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Repeatedly nuked profile302d ago
Oh please, lakhs and crores are another obviously false comparison. These as slang for amounts exist under the umbrella of rupees (or whatever else is being counted). A dollar doesn't exist under the umbrella of something else.
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Repeatedly nuked profile302d ago
Basically the Sats-Bitcoin word pair is not a functional word pair in any sort of concrete retail sense. It's a theoretical word pair that will dissolve on contact with the real world. Sats will be all that's needed in a retail context, there is nothing the word Sats will need from the word Bitcoin. So not a pair.
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Fulthunge Rani302d ago
all these big words, but what's your point? I clearly gave you a unit ratio comparison with word-pair that you say shouldn't exist in real world: Angstrom to meter. But you completely ignore it. Within the term rupees, I gave you examples of lakhs (10^5) and crores (10^7). So just like 10crores = 10,000,000 rupees, 1 bitcoin = 10,000,000 sats.
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Repeatedly nuked profile302d ago
>So just like 10crores = 10,000,000 rupees, 1 bitcoin = 10,000,000 sats. But the name of the currency is "rupees", do you see the difference? It's named after the base unit. By your logic, 1 bitcoin = 100,000,000 Sats *and the currency is Sats*. Bitcoin happens to be but a slang denomination of a large amount of the currency we all know formally as Sats. It's all backwards you see? That said, that for me is fine. Rebrand the entire thing as Sats and I'm okay with that, at least it's clean.
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Fulthunge Rani302d ago
No, you are again using one truth to guide towards false claims. The SI unit of length is meters, i.e., the base unit. Angstroem is 10^-10 of the base unit. 1 meter = 10,000,000,000 Angstrom doesn't mean base unit is Angstroem.
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Repeatedly nuked profile302d ago
That's just another false comparison. For length, the quantum unit for everything is the planck length. Anything else is arbitrary. Calling 1 meter a "base unit" for this or that is just something someone decided one day. In currency, the base or quantum unit is the smallest indivisible unit in common circulation. For dollars, that's $0.01. There are no half-pennies in circulation. For Rupees it's one Rupee. If the currency is named after the quantum unit then you can get away with any slang for any higher amount, the whole ratio thing no longer applies because it’s not the same problem. If the currency is *not* named after the quantum unit, as is the case with dollars (cents being the quantum), then the ratio problem does indeed come into play. So you have to find an apples to apples comparison.
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Fulthunge Rani302d ago
I like how how you brought quantum physics into discussion. In that case, let me bring the analogy of relativity, and compare bitcoin with speed of light, c. Bitcoin's global truth is 21 Million bitcoin. Anything else is arbitrary. And like I mentioned earlier, you cherry pick parts you like, and ignore what you don't. see below: > There were half-pennies in circulation in 1800s. Check Lyn Alden's Broken money. > Rupees have smaller units called paisa. 100 paisa = 1 rupees.
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Repeatedly nuked profile301d ago
See "in common circulation". Neither the half-penny nor the paisa are in common circulation, neither physically nor digitally. Case closed. You are the one who brought physical length into the discussion, and we need physics for length. Both a meter and an angstrom can be expressed in terms of the Planck length. There is no other "base unit" for length. To say one meter is some kind of official global base unit for length is goofy. It's just a unit some people picked to compare to in some situations, and any other unit can also be compared to. Bitcoin's 21 million bitcoin is completely arbitrary, decided by humans. Last time I checked humans didn't have all that much into into the speed of light, but hey, I wasn't in the room.
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