“Sats” has to be explained. “Bitcoin” does not. People will need Bitcoin and they’ll see numbers on the screen. That’s it.
If you think sats is the word used long term, you haven’t made that connection yet or you have an anchoring bias.
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I always thought bits of a bitcoin is more intuitive. sats makes me think there might be too many nerds in bitcoin
I created a simple converter for people to wrap their head around BTC vs Sats.
BTC to Satoshi to USD
What we call sats will be called Bitcoin.
Only OGs will remember sats.
I've been living with a solid Bitcoin standard mindset since I joined Nostr, and it's now quite natural and intuitive for me to talk in terms of satoshis. I definitely believe that "sats" is the right unit for those who use Bitcoin as a currency and unit of account. But it's not ideal for those who use it solely as a store of value.
That said, I agree that most of the world currently sees Bitcoin as a store of value. So when speaking to that audience, using sats can be confusing. It's probably better to stick with the bitcoin unit in those cases.
Yeah that’s a good view too. Sats for sure makes sense for many of us on here. We are the ones who are willing to take time and adopt new technology.
The billions who don’t even consider Bitcoin as a store of value will someday use it. At that point, my hypothesis is that they won’t take the time to understand the nuance of sats and will colloquially say bitcoin
Sorry, but that's the fiat "UX understanding" of Big Tech and platform business, where you keep users stupid and inactive by "abstracting away complexity".
But bitcoin isn't a platform. It's a protocol. The rules of the game are different here. The UX is also different because the "user" journey is different.
Bitcoin is different.
That’s the point.
Sats the standard.
Do you think these billions of people will talk about mempools and other technical parts of the protocol?
You have rice, I want rice, you want bitcoin, I send you bitcoin, we move on with our day. They might still be sats, but most people have other things to worry about.
Saying the words “fiat” and “Big Tech” doesn’t change human behavior of people who are too busy to care that the bitcoin they received are also called sats. They are intelligent people who have more important or urgent things to deal with.
Saying the words "human behavior" or "intelligent people" doesn't change bitcoin's behavior. Many have learned this lesson. You'll learn it too.
You seem as if you’d like to have a different discussion.
Think about all the people in your life who use the incorrect technical term for things and roll their eyes when you correct them. It has nothing to do with their level of intelligence, they have other things they focus on.
You're digressing. People will just call anything smaller than a bitcoin sats. It's really not that complicated.
Again, I think they will not want to deal with learning a second term because they have other really important things in their life that they’re also trying to learn about.
To use sats, they have to hear Bitcoin. I think for many people, the learning will stop at Bitcoin and sats won’t have a chance to permeate.
In better times, people were embarrassed not to know the right terms. Now everyone is screaming "customer experience" and "inclusivity" and whatnot.
Thank God for bitcoin, because in a bitcoin future, you work on understanding and naming things correctly, or you're just #hfsp
It's not that you're wrong. It's just that you're working from different premises, and I think those premises are wrong because bitcoin dgaf.
Okay so they don’t. Fuck em.
Bitcoin dgaf. People will call it whatever they want. Both things can be true.
I don’t think doing that to them will change their behavior
It depends
Yes and I bet they’ll call the integers after the decimal point sats. Well let’s wait and see
This is dumb. Dollars, cents, etc. It's all been said. Sats are the standard.
I agree. I’m just saying that given the trend of mainstream’s adoption of technical terms, I think sats fade over time in the lexicon
"Sats" isn't a technical term. It's a relatively widely name for smaller dinominations of bitcoin in homage of the creator(s). There are a lot of bitcoiners who have minimal technical skills (myself included) who understand this at face value without more than a glance.
Hence my original post
We all love sats. Long term I think it becomes a fun term that all the early folks toss around
I think the word is irrelevant call it fucks if you want.
Memetic warfare is real tho.
No meme is more powerful than 21M.
based
You don't get to choose this. 💁♂️
Stay humble & stack sats. 🤙
Correct, that’s my entire point. We will say sats. But when billions of people show up, they will hear “bitcoin” and see numbers in their app, and that’ll be it. Sats will be a fringe term.