Although I like the proposal, we have to ask ourselves if it makes sense to denominate things in satoshis. Several exchanges appear in favor of this idea — for example, the AAX platform introduced a BTC-SAT conversion option. Additionally, the exchange introduced a SAT-USDT pair to determine if satoshis would be more accessible and appealing to new traders, and also has to consider the costs of buying and trading satoshis over bitcoin.
The network will require a fee, which, on a satoshi standard, could appear rather large. One solution is to tap into the Lightning Network to offer faster and cheaper transactions. As much as a satoshi standard would make sense, the logistical challenges may prove a bit complex. The trading of bitcoin has become the industry standard; it is unclear if companies would see the satoshi standard the same.
The bits standard?
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I mean, does it make any more sense or it is really necessary to have denomination value aside from Bitcoin to satoshi, is there any reason or idea behind this?
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"I can't buy Bitcoin. Its too expensive!" and Bitcoin should price other things and pricing things in 0.00000001 like that is not great lmao.
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If that's the case even though me, it's not a good choice for to buy Bitcoin, it was really expensive, but other than that it's totally worth it at some point to spend money on it💡⚡
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Yeah its because people don't realize you can buy less than a Bitcoin. the 0.00000001 argument is purely about aesthetic
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Very well, but anyway,thank you for your cooperative response, it something's up on my perspectives💡
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Yes. But sadly Kollider exchange went out of the business because of this reason precisely.
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sats >
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Sats are the way. The debate is dead. People are still learning this is the case.
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People just exercising for debates of the future sats vs millisats
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deleted by author
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Agree slowly but surely we get there! Oh and we can even create Nakamoto’s “Nakas” if we want to go to 16 numbers to the right of the decimal point!
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Wow, i never thought of that
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