0 sats \ 0 replies \ @3 14 Jun 2023 \ on: Unpopular Opinions - A Weekend Discussion bitcoin
We shouldn't use the term satoshi or sat to describe the smallest unit of bitcoin. Hear me out.
The dollars smallest unit is called a penny. And then we have nickels and dimes and quarters.
Pesos smallest unit is called centavos.
My point is it is unusual to name the smallest unit of a currency after a person. Or any denomination of currency
Now the problem really is that the name of a person actually I think diminishes bitcoins grandeur: Calling it a satoshi somehow, as an introduction, to an outsider, makes them think bitcoin is this Japanese focused idea. When in reality its global and no one knows where its from. And sure me and you know satoshi Nakamoto could easily be a pseudonym, but the average person is learning all this for the first time and coming to their own conclusions based on what theyre hearing and seeing. Normally, im here, in a bitcoin focused area, and everyone understand me, and I have no issue calling it a satoshi. But these thoughts occur to me when im talking to my 70 year old mother and father about bitcoin, or a random stranger who's not that great with tech, and I hesitate to explain that theyre called satoshi it just seems also to unnecessarily complicate it. I think things should be named more intentionally, like quarter or dime, because those names describe the actual thing itself.
I think the smallest unit should be referred to as "bits"