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10 sats \ 10 replies \ @mattcrv OP 7 Feb \ parent \ on: satsymbol.org | The ₿est symbol for sats. Always has been. bitcoin
it matters for all the normies who are yet to onboard to bitcoin.
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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two meanings for a single symbol
very few wallets use ₿ as a currency symbol. the vast majority displays "BTC".
B 9,999,999 to B .01
pretty much all wallets show how much your balance is worth in fiat
is it realistic to expect people to be confused thinking they accidentally paid $4.45 million (100 BTC) instead of $0,04 (₿ 100)?
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even i got confused reading your message above. i was wondering why you were saying 4¢ was worth 100 bitcoin.
i'm not sure why BTC is a solution. why not just keep doing what we do now then? use the ₿ for bitcoin and just write sats?
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Few will ever own more than 1 BTC, and houses will be sold for 0.2. There's no use for ₿ as a currency symbol if no one uses decimals for any economic activity (impractical after 1 BTC surpasses $1M).