“Buy Bitcoin!”
“Its to expensive…”
“You can buy a million sats for X dollars.”
“Sats? Whats that a new bitcoin?”
“No, its a fraction of a bitcoin. Like a penny to a dollar.”
“…”
That is just about EVERY conversation with new comers.
“STUDY BITCOIN!”
“When? I dont have the time…”
Im not sayjng change “Sats” to “Bitcoins.” But market psychology proves people don’t (and won’t) get it.
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Replies (3)
Everyone I know gets it.
Sure. But I could say the same. If that's the case, then our circles need expanding.
People who don't get what a sat is, even after comparing it with a cent, will most probably never hold Bitcoin themselves (or sats, lol), as explaining them self-custody will fall on fiat ears.
They'll go for the "easiest" and "fastest" option, i.e. let a company own their sats, of which they've never understood the power and real worth.