bitcoin really is becoming the native currency of the internet.
kids born today will no longer interact with fiat currency, they will only use bitcoin for payments, savings and investments.
let's go π
In the face of "it should be sats!, no it should be bits!, bleghh", you can just do shit.
And honestly, I don't think it matters. Either you know and you adapt to it, or you don't know but it's all relative so who cares.
When merchants start to compare notes and they're using different units, they'll learn. It ain't hard.
Fuck Bits We Stack Sats.
This rebranding of Satoshis is simply put, wrong and shady. No one asked for it. It's the same as Jack supporting BIP177 and 2.1 quadrillion Bitcoin.
All looks like sabotaging bitcoin.
It is sabotage, as it is guaranteed to cause confusion. If it gains traction, there will come a time when no one knows what anyone means by βbitcoin.β Itβs a modern Babel.
They can't fight the network at protocol level so they start with rebranding and destroying the anonymous Satoshi Nakamoto legend that they fear so much. Pretty obvious for anyone who dares to ask questions. Big up Mike.
I know you didnβt come up with that screenshot, but I feel the need to mention that using the Bitcoin symbol for sats is a bad idea. π Thatβs only going to cause confusion.
Aside from that, I agree π
Let's say the POS system requires a symbol. I dunno if it does, but let's just say it does. There is no agreed-upon symbol for Sats. Any one of the current candidates, take your pickβa LOT of people hate it. So what do you do?
Thatβs a fair point.
I donβt know what the right symbol would be. But I know itβs not the Bitcoin symbol π€·ββοΈ
Maybe just βSβ?
Sounds like we need some community effort on designing a good Sats symbol!
It's a tricky one. There have been community efforts to design a Sats symbol for 10 years, and weβre no closer today. Sometimes communities just canβt agree. Not only that but even if one option emerged as the clear leader in the next 5 years it might still take another 5 years after that to get it into Unicode.
Problem is what happens when the POS systems need a symbol now, can't wait?
You only spoke the truth. Though itβs still confusing for ppl using the btc symbol incorrectly. At this point they should have used the real btc denomination (0,00β009β876). I personally like to see the whole 8 digits
Yeah, I donβt have a good answer aside from the Bitcoin symbol isnβt it.
We definitely need something for sats. That, or just use the accurate amount of bitcoin, I guess (0.00009876 or whatever).
bitcoin really is becoming the native currency of the internet.
kids born today will no longer interact with fiat currency, they will only use bitcoin for payments, savings and investments.
let's go π
If sat is somehow too confusing because people don't understand that currencies have smaller units (what are these "CENTS"; my bank account only has US Dollars!), then perhaps at LEAST using the linguistically accurate "nanobit" (nBTC) is the middle way, as nano- refers to 1/100,000,000 of something. As for the KYC regulations, who I am is "nano" yo business :-).
No solid symbol for nanobits yet.
Iβm sorry Bitcoin will never be a currency. Lightning has too many limitations and it will never scale for the masses to use it. Kaspa is the only way!
to think that our generation has a chance to right a serious wrong and hand the keys to a better world to those that come after us is a remarkable opportunity in human history. letβs do the damn thing!