1371 sats \ 21 replies \ @elvismercury 7 Feb \ on: satsymbol.org | The ₿est symbol for sats. Always has been. bitcoin
It's hard for me to imagine a more bike-sheddy discussion than this one, although in truth I'm kind of enjoying it.
A nice laboratory in human consensus-building, actually. So meta.
it's poetic how getting consensus on something so simple as the sats simple is just as hard as getting consensus on a new soft fork
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it's almost like these conversations really do matter.
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it matters for all the normies who are yet to onboard to bitcoin.
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i agree. normies coming in would be super confused trying to understand when B 10,000 means sats vs bitcoin.
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they'll send 10000 sats from one wallet and receive ₿10000 on another. both wallets will show that ~$4,39 was sent/received. quite straightforward!
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nothing about that is straight forward
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yeah this is a very short-sighted view. for anyone new to bitcoin, having two meanings for a single symbol depending on context is going to make confusing. we should be lowering the barrier of entry, not making it harder by requiring users to do research before they buy. in addition, it could be harder on developers down the road as well. having a ui that can easily show that it's okay that you got paid and your balance went from B 9,999,999 to B .01 without spelling out bitcoin or sats sounds like a UX nightmare.
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the free market determines the consensus. this conversation is the free market in action!
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there are many more important problems to solve on bitcoin, sure! but why not solve them all?
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agree! btw, we are focused on driving real value, we're building bitkit. hope you try it out and let us know what you think!
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Social consensus is exactly the barrier Bitcoin needs to overcome, everything that helps us get there is worth the discussion.
The definition of one bitcoin as 100m sats is the original mistake here.
Calling 100m of the smallest unit of Bitcoin a satoshi and the smallest unit itself a bitcoin might have been a better choice, or maybe just don't call 100m of the smallest unit anything since we already have names for quantities...
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fully agree 🤝 but we can't go back in time, so our best shot from now on is to use ₿ as the sats symbol
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