I am ashamed of myself. I disagree with Adam Back on something. He’s advocating changing the Bitcoin units from “Sats” to “Bits”, primarily because Bits makes sense as a fraction of a “Bit Coin”, but also historical references as Bit has been used to denote many units of historical currency. I hate the idea, yes hate. Here’s why: Electric car charging. If you charge your car in public you are “charged” to charge your car. You are typically charged $0.50 per 1KW/h of charge. This dual use of the same word constantly frustrates me. Also a bit is an octal unit of a Byte, where as a Sat is a decimal unit of Bitcoin. Currently we are charged 1 Sat / vByte for a transaction. If we were charged 1 Bit / vByte for a transaction, is that Bit 1/8 of a Byte or 1 / 100,000,000 of a Bitcoin? That’s my 2 Sats view on the debate. Sorry Adam, don’t hate me.

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mike's avatar mike
I am ashamed of myself. I disagree with Adam Back on something. He’s advocating changing the Bitcoin units from “Sats” to “Bits”, primarily because Bits makes sense as a fraction of a “Bit Coin”, but also historical references as Bit has been used to denote many units of historical currency. I hate the idea, yes hate. Here’s why: Electric car charging. If you charge your car in public you are “charged” to charge your car. You are typically charged $0.50 per 1KW/h of charge. This dual use of the same word constantly frustrates me. Also a bit is an octal unit of a Byte, where as a Sat is a decimal unit of Bitcoin. Currently we are charged 1 Sat / vByte for a transaction. If we were charged 1 Bit / vByte for a transaction, is that Bit 1/8 of a Byte or 1 / 100,000,000 of a Bitcoin? That’s my 2 Sats view on the debate. Sorry Adam, don’t hate me.
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Judge Hardcase's avatar
Judge Hardcase 7 months ago
Great points. Also, to me that 'bit' is a fraction of 'bitcoin' is a strike against using 'bit'... I'm pretty sure that borrowing 'bit' from the fact that other currencies have historically used it isn't necessarily a good thing, either. I'm not opposed to coming with another term for 'sat', but this push to force a change is stupid. Just start using another term if you want. If it organically catches on, great! That's how language actually works... not by fiat.
Bit N Beautiful's avatar
Bit N Beautiful 7 months ago
But Sats is just an abbreviation of the first name of our diety. It makes sense, only to the ones who have been into bitcoin, when it needed a diety. Bitcoin is ready to leave the nest. Just smile through your tears and be proud. Bitcoin belongs to the world now, not just to us.
I do 😞 nevent1qvzqqqqqqypzp6pmv65w6tfhcp73404xuxcqpg24f8rf2z86f3v824td22c9ymptqyv8wumn8ghj7enfd36x2u3wdehhxarj9emkjmn99uq32amnwvaz7tmjv4kxz7fwv3sk6atn9e5k7tcqyrvldnhfpghmf8nzm80gpczwaqt32zf6nau44gu53el49fe5m2gzvpcehju
one thing i constantly am reminded when using bitcoin, keep slaying your heroes so good that you disagree with him, its such a shit idea
Agreed, about slaying your heroes. I generally don't have heroes, but there are many people I respect, including Adam. Also, don't assume the opposing argument is shit. Calling Sats "Bitcoin" has merit, opening up the OP_RETURN has merit. Just my view on both is to keep them unchanged because those arguments have greater merit.
indeed, and yes agree you also have benefit of sounding much more friendlier too than just calling things shit which is helpful in online forums ideally everyone forms their own opinions not relying on their heroes to tell them what to think
“retarded” is the technically precise word here. it means behind expected development. for a nocoiner to think “wouldn’t bit be better, it’s silly in the same way a 3 year old thinks it would be better if ice cream rained down from the sky. the 3 year old isn’t retarded because it’s inline with the thought process of a normal 3 year old. someone being in btc since its development thinking bit is better is just retarded in the same way a 30 year old thinking it would be better with ice cream rain
@𝕥𝕚𝕘𝕖𝕣 I dont assume it’s shit, I know it’s shit because i examined the argument and there is no logically valid justification. playing a woke/gnostic word game thinking it has any essential effect on reality is “retarded” in the most precise sense of the word for any rational adult if it was named bits and matured as bits, i would be on team bits and the sat crowd would be retarded. this entire issue is just a category error an IQ test people are taking in public
it’s always been a tough road for philosophers 🤣 I’m about to get to the front lines of the culture war with my first book coming out end of june. I have no delusions about what awaits. more slings and arrows than atta’boys