In my view:
1 Bitcoin will always equal 1/21,000,000 of the total network.
1 Sat will always be the smallest unit of measure on the Bitcoin network.
However 1 Bitcoin will not always equal 100,000,000 SATs. As value per Bitcoin intensifies, 1 Bitcoin will be subdivided further and the new smaller units will then be considered SATs.
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Replies (6)
nevent1qqst6dc88520q8l792s6xamr60xqt96gxhstdj0zfjt6qmjynvx789gzyzmul4rjl7grgs0vdn24hdgxl96yyydxu689y5jagfz9z6da5ql45qcyqqqqqqgj6fuq9
It increases confusion. Just stick with Sats.
nevent1qqst6dc88520q8l792s6xamr60xqt96gxhstdj0zfjt6qmjynvx789gzyzmul4rjl7grgs0vdn24hdgxl96yyydxu689y5jagfz9z6da5ql45qcyqqqqqqgj6fuq9
nevent1qqst6dc88520q8l792s6xamr60xqt96gxhstdj0zfjt6qmjynvx789gzyzmul4rjl7grgs0vdn24hdgxl96yyydxu689y5jagfz9z6da5ql45qcyqqqqqqgj6fuq9
nevent1qqst6dc88520q8l792s6xamr60xqt96gxhstdj0zfjt6qmjynvx789gzyzmul4rjl7grgs0vdn24hdgxl96yyydxu689y5jagfz9z6da5ql45qcyqqqqqqgj6fuq9
In my view:
1 Bitcoin will always equal 1/21,000,000 of the total network.
1 Sat will always be the smallest unit of measure on the Bitcoin network.
However 1 Bitcoin will not always equal 100,000,000 SATs. As value per Bitcoin intensifies, 1 Bitcoin will be subdivided further and the new smaller units will then be considered SATs.
View quoted note →
All further subdivision will have to be external to the protocol, because everything in the bitcoin protocol is nothing but an integer, to soft fork in more subdivision we'd have to allocate a separate space in like the timestamp or something and mark it as a decimal. But it runs into its own problem because if the decimals add up to being more than a single satoshi combining a few txns, but the old network only sees the integers, it'll appear invalid because there are more sats than there should be in the UTXO. This would cause a hard fork.
in other words: The bitcoin network actually only sees satoshis, there is no 100,000,000 unit at the protocol level, and that's way harder to change than people think.