Replies (67)

I am team not B symbol. It doesn’t need to be sats. It can be some decimal system number or something
>yep, bitcoins hahaha Jack have no idea that there's no such thing as "bitcoins"..... There's no plural to Bitcoin. You can say Bitcoin as the network or bitcoin as money. satoshis are the real unit of the Bitcoin network: This thing with ₿-symbol is just a stupid marketing, brainwashing the nocoiners with stupid ideas.
How can we get the average fiat currency user in the world to identify with a currency that is new to them?
Judge Hardcase's avatar
Judge Hardcase 6 months ago
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.
They’re going to change it to “bits” and they’ll say it’s because there’s already a ₿ symbol and that obviously can’t stand for “sats.” RIP Satoshi 🪦
Default avatar
Vincent 6 months 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!
Benking's avatar
Benking 6 months ago
Honestly, I’m just here for the ₿ memes 😂
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 6 months 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 6 months ago
sats. it’s pretty condescending to think people can’t understand sats.
EasyWebshop's avatar
EasyWebshop 6 months 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.
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".