Replies (76)

I am team not B symbol. It doesn’t need to be sats. It can be some decimal system number or something
Diego Valley's avatar
Diego Valley 1 month ago
I sent a friend 50,000 sats. App i set him up with used B symbol. He asked why he had 50,000 bitcoin? Broke my brain trying to explain this. SATS all the way.
I'm on team sats; but not enthusiastically. I used to think that a change to ₿ would be confusing to new adopters - particularly early on... but, I'm now convinced that we're still SO early, that any harm in changing now would be but a blip at most in the long run. I will almost certainly still use 'sats' indefinitely, however. I never stopped referring to the Oakland Raiders the as the Oakland Raiders, even through like a 10-year stint in L.A.; and even though they now call Las Vegas 'home', I will continue calling them the Oakland Raiders.
Sats, bitcoins is dumb and only adds to the confusion only to make it easier for the dumbest around us.
It looks sinister to me and it reminds me on CORE behavior regarding fixing definition and not the bug. If they want to change 21m max supply first, they need to change the language like they did. So now we have 2.1 quadrillion Bitcoin.
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Vincent 1 month ago
I don't think its by accident satoshis or that this word that was chosen starts with an S. The symbol for dollars is am S with lines through it.. Its the perfect replacement that the saotshi symbol juts carry on the same dollar symbol, and even makes more sense.
Most people will never have a whole Bitcoin, so why confuse them? Stacking Sats is a lot more memeable than Fractalizing Bitcoin.
Think about it from a normie’s perspective- which sounds cooler/more material? 1) I have 0.0005 bitcoin 2) I have 50,000 bitcoins People are retarded. They want lots of somethings not fractions of one something.
₿ = 丰100,000,000 Are you telling me that I have 100,000,000 more Bitcoin than I did before? That’s fiat games inflation!
₿ seems to be the only agreed-upon, recognizable symbol, and if it's all just sats in the actual code, I think they'll become what we're used to using. I still call them sats, but I don't mind seeing the ₿ symbol used. Gone are the days when a Bitcoin was worth a dollar, or multiple Bitcoin were spent on ordinary purchases.
I'm definitely not for using the $ sign anywhere in Bitcoin - it's a fiat symbol, tied to the governments of a few countries, opposite to everything Bitcoin is.
𓊽's avatar
𓊽 1 month ago
actually sats and bit are already defined and different. bits that’s something else. image
Nah, @jack just has a position to decide such things with more sway than most of us. It's fine, let it just encourage everyone else to build tools to make his less central. A little friendly competition never hurt anyone.
someone's avatar
someone 1 month ago
i don't like confusion. i think the best way to do it is show the $ amount but when a user taps on the number show the bitcoin amount. taps again, show the sats. taps again show the $ amount... i forgot where i saw this UX.
eric's avatar
eric 1 month ago
sats. it’s pretty condescending to think people can’t understand sats.
My two sats, I guess I am not entirely opposed to using the ₿ for it's recognizablility. I also understand not wanting to use a bunch of zeros, the difference between 0.00001000 and 0.00010000 can be harder to notice at a glance. But I think this could be less confusing for everyone by just adding (image: Bitcoin sats received). If you are catering to normies and using what they recognize, fine, but include lingo so they can understand others. To say 940 Bitcoin received is false and does not make me trust you. image
Jacktoshi Nakamoto can call them as he pleases. That said, I’m team ₿iats!
EasyWebshop's avatar
EasyWebshop 1 month ago
Consider the lightning symbol: just my ⚡︎2. Quick to hand write and easy to recognise if Bitcoin is to be global money.
I was and am team sats. I wish it would work. But honestly after our team building a UI for people actually paying for things, and having non-Bitcoiners stumble over “wtf is a sat even” every. single. time. I threw my hands up and regretfully side with this B thing. We’re still gonna use sats in a sneaky location where it makes sense (merchant services). But you can’t force an entire cohort of people to just “get it”. You tweak this one stupid B thing and it gets people using it plus they stop with the “I’ll never be able to buy a bitcoin so what’s the point?” bullshit. And it doesn’t change the underlying tech whatsoever. So you get to the point where you’re like “fuck it everyone’s stupid”- and just ship it. Satoshi would be happy more people are using it as money and not give a fuck about his nym anyway.
Stepping outside of the hardcore bitcoin/nostr bubble, 90% of the time people ask me if I am talking about a new shitcoin when I mention Sats. Then I take a step back and remember most bitcoiners have never even got to make their firts transaction out of their stack. Open and accesible markets fix this 🚀🤝✨
I mean using the logo even when talking about sats is fine. But its then Bitcoin, not Bitcoins. Thats a huge difference, almost deceptive. 2 satoshis are not 2 bitcoins, but it is bitcoin. I also think, people get dollars and cents, they can figure out bitcoin and sats. Will you rename fractional satoshis also bitcoin when its implemented?
Im pretty sure its gonna play that way. A "satoshi" is an after the fact ambiguity title I think anyway. Whatever sticks with the unwashed masses will be the norm.
I get the point of simplicity. And even the valuation in sats could make more sense for many. But how does this help explaining the scarcity of Bitcoin? "It's absolute scarce because there will ever only be 2.1 quadrillion Bitcoins."
it makes sense using ฿ symbol (for example now, if it's 20 usd cent, you don't have a different symbol for cent, it's still $ 0,20). But the question is "will normies get that anything below ฿ 100'000'000 is called sats?" time will tell
The BIP-177 change is to stop using "sats", so its just ฿1000, and we would say "1000 bitcoin". The BTC ticker remains unchanged, so 1 BTC = ฿100,000,000. I guess we would say "1 BTC is 100,000,000 bitcoins".