Thread

Dumb

SOUNDS PRETTY FAKE AND VERY GHEY

most retarded BIP ever

Im confused. This complicates things for me. No thanks.

So dollars and cents aren’t confusing but bitcoin and sats are?! Gimme a break 🤣 I would rather have a BIP proposal that deals with fixing Bitcoin’s privacy than this retarded gabish. nevent1qqs8756kpq6h0vawhfr3csfdfgq5fk66ng77dt8z96znmadlfczjfdgpyfmhxue69uhkummnw3ez6an9wf5kv6t9vsh8wetvd3hhyer9wghxuet5d0htx9

If it ain't broke, don't fix it

if people are too dumb to understand a conversion...they aint gonna use btc. theyll be using tether over lightning or ETFs anyways

Retarded

Moronic.

The idea that a couple of people or a small committee can change the meaning of a word used daily by millions is the most fiat thing I've heard in a while.

This is bullshit BIP. 21mil. only ! Not 21mil x 100mil.

This doesn't fix anything, this will not help adoption, this will cause more confusion and less confidence in the protocol.

"Reduce confusion"?!? 😂 If we were to do that, it should have been when 100M base units was not valued at $100k, but at $1k. A smaller user base would be more accepting and easier to inform, especially because they were not normies. I agree, however, that the high value of the base unit makes it a challenge for the uninitiated, not knowing that you can trade in tiny bits, not only in whole coins. Generally speaking, coins are not meant to be broken up, so there's a verbal connotation to the whole unit being indivisible. Sats are easy enough, though, I think. We can also use mili- and micro- to denote other denominations as we need.

Very expensive rebranding... More than 20,000 blogs would have to change this unit name. Impossible to do in YouTube videos and courses. Every Bitcoin company would have to restructure its keywords. Again, impossible to make changes in books written on Bitcoin. This change will create confusion in the non-tech community and potentially the first polarization in the Bitcoin community. We shouldn't do this at this stage; giving a new name to a 15-year-old son isn't a clever thing to do. Bitcoin is 15 years old now. Let's make Sats a standard. This also keeps the legacy of Satoshi alive, which will connect with the masses as a courageous story.

Who the hell did this? This is complete nonsense!

The dumbest thing this week

I thought we were moving away from fiat.

As vezes eu acho que uma punheta pode evitar muitos problemas, desde filhos indesejados até mente vazia. Isso não faz sentido, pros nodes já é assim, só existem satoshis, não existem números de ponto flutuante nos softwares de Bitcoin. 1 Bitcoin é uma unidade abstrata que vale 100m satoshis, mas isso só existe nas wallets é a forma como você representa 2345 Satoshis com 2.345. Não tem porque mudar essa representação, não vejo nenhum necessidade, só tempo livre e mente vazia demais.

It's anyone besides Jack and his minions, advocating for this?

This is retarded

But why?

Why strip people of their ability to think?

The US dollar has cents, the British pound has pence... The smallest unit of currency should have a different name, and the commonly used pricing units can actually have aliases. I think it is right to price Bitcoin in satoshis, and it should not be changed randomly. However, you can consider renaming the unit alias for 100 satoshis.

This is a waste of time, can we stop this? they are satoshis. period. gtfo View quoted note →

Just use your bitcoin, how ever you like it. But use it, don’t get lost in minuances that don’t affect the real value.

I can finally afford those two pizza's with my 10,000 Bitcoin 😂 View quoted note →

Now explain to me with a straight face, how many Bitcoin does Satoshi Nakamoto own? 😂

Idiocracy is a 2006 sci-fi movie. ROTFL

🤡

Simplify? 😂😂😂

Great idea

Naaaaaaaaah 🤢

What it aims to do is not relevant what it would do is. This is a stupid thing and the ONLY reason it is even being discussed is because @jack likes it. Jack is wrong here, history will show it. Jack wants bitcoin to be spent and has done some absolutely impressive but wrong mental gymnastics to support that the term sats is why people don't spend bitcoin. It is hard to understand how a man as smart as Dorsey can be this wrong on something this simple.

Ok... This 2018 Sierra is only 24,000,000 BTC then 😅

Disagree BIP-177! Whether it is a name or a unit, Satoshi is a well-known fact. We all are proud of him. And the Lightning Network has added 3 more decimal points (millisatoshi), so what will it be called after that?

1 satoshi = 1 bitcoin

Who tje hell "proposed" this? Was the cocaine too much?

This doesn’t simplify anything, but just adds confusion where there was none.

Sounds like the idea is to increase confusion.

British where redefining feet and inches to match the new kings limbs, they also created miles, foot, yard, etc, because they had to invent new names for different lengths. Much more useful was international systems of units which stoped renaming units and just added prefix like gram, kilogram, miligram. Byte, Megabyte, Gigabyte, terabyte. Now you can have BTC, milibtc, micro-btc, etc. You can call data as bitsats If you want to make it sound familiar. But renaming SATs to BTC is like renaming milimiter to kilometer. This name change is not backwards compatible. Imagine an accounting system made in 2030 talking to one made in 2018 to Check their Ballance. What will happen when you mess you the units in the accounting systems and different systems try to communicate: Metric vs Imperial Units: How NASA lost a 327 Million Dollar Mission to Mars

Everyday Astronaut

Metric vs Imperial Units: How NASA lost a 327 Million Dollar Mission to Mars

Imagine a simple conversion error caused a multi-million dollar mission to go puff! We explore how the Mars Climate Orbiter was lost in 1999.

N O P E

According to your bip177 theory that's 30 cents. Which by the way is 0.3 cents, as 1 cent= 1 USD #bip177