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63 sats \ 2 replies \ @BlokchainB 17 May \ on: Bitcoin, sats, bits, numbers, and perceptions bitcoin
The unit bias really does hurt and confuses people. Bitcoin to sats? Plus sats aren’t in the white paper.
The less confusion the better.
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75 sats \ 1 reply \ @crrdlx OP 17 May
To be fair, I think the fact that sats are not in the whitepaper kind of is Carvalho's main point: what we call "sat" is the protocol-level bitcoin unit. I think setting it at 21M, with decimals, was something of a marketing move by Satoshi. 21M is (somewhat) manageable by the human brain, anything quadrillion is not.
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21 sats \ 0 replies \ @BlokchainB 17 May
When bitcoin was worthless it made sense but as it monetizes I think quadrillion will become manageable. 20 years ago a trillion of anything was hard for humans to grasp and now trillion is common place.
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