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You don't have to be an influencer to figure out the problem with this argument. You're basically saying people are idiots and can't figure out multifaceted things (like dollars, quarters, dimes and pennies). It is not a complicated thing to understand that there is a finite number of pizzas, and that the pizza has slices (which we call slices rather than pizza). Well...it is some MMT folks, but the rest of the people get it. You're throwing out the hard money argument. Meanwhile, what we'd really like you to do is have every cash app terminal accept bitcoin. But it seems like you want to argue over this rather that do that.
I appreciate your humor, jack. But 1 bitcoin = 100,000,000 bitcoins is a mess, and it will only make things more confusing. This will only make people feel that Bitcoin is starting to inflate in terms of units. Because Bitcoin has 210 trillion bitcoins. Sats are not only units and commemorations, but also a consensus born naturally by the Bitcoin community. Respect Satoshi Nakamoto.🫑
I see we've retreated back to the "Bits" stage of the bait and switch. Well that's some form of progress I guess. Sincerely, Jack: Just start calling them bits. Bits is fine. Bits is admittedly catchier than sats for the newcomer. You'll call them bits, that guy will call them sats, some new girl will call them beanies or bees and the overwhelming majority of people will naturally intuit what is meant. You get to solve your imaginary decimal problem (imaginary because sats). It could have hundreds of potential names and that would still work. You can call dollars bucks, bones, clams. You can call one hundred dollars hundos, Benjamins. You can say 10 Large. You can say 12 Mill. The one rule you cannot break β€”it would be marketing and PR suicide to breakβ€” is to call pennies dollars, to call dollars a million dollars, or any imaginable iteration of this pattern. Decentralization is the only thing separating BTC from the rest of the pack. Pushing people around with the "definitely not the right word" shtick, peddling in deceptive arguments. All bad for perception. All bad for adoption. Word of the day: image
↩ replying to Lucas M
No. Idc what the heck you guys call it… my friends literally referred to them by their rounded float integer (and still do to this day) and we do that because it’s cross compatible… math, the same in every language What we’re trying to do is figure out a way to define a unit of weight which is bitcoin We invested a unit and we need agreeable terms for it so that when Jack Dorsey implements a point of sale system in LA and I implement a point of sale system in Chicago we know what the hell eachother are talking about so we can regurgitate it to the accountants and retail business owners who will expect us to be able to define these things
↩ replying to DagzTagz
A Satoshi is the smallest divisible unit of Bitcoin on the base layer (Layer 1). One Bitcoin is equal to 100,000,000 Satoshis, and you cannot go smaller than a Satoshi on the Bitcoin blockchain itselfβ€”this is hardcoded into the protocol. Layer 1 (Base Layer) β€’ Minimum unit: 1 Satoshi (0.00000001 BTC) β€’ Not infinitely divisible β€” any smaller division would require a protocol-level change (which would be extremely difficult and controversial). βΈ» Layer 2 (e.g., Lightning Network) On Layer 2, things are more flexible. Some L2 protocols may represent or use fractions of a Satoshi in their internal accounting: β€’ The Lightning Network, for example, allows the use of millisatoshis (msat) β€” where: β€’ 1 sat = 1,000 msat β€’ This enables finer granularity for routing fees and payments. So while the base layer is not infinitely divisible, Layer 2 solutions can allow sub-satoshi units through their own internal systems.
Jack. I hope you could read this. Dear Jack, I hope you’re doing well. I’m reaching out to share something deeply personal and ask for your help during an incredibly tough time in my life. I truly appreciate you taking the time to hear my story. Over the past few years, I’ve found myself in a spiral of financial difficulties that started with trying to help others. My father struggles with alcoholism, and my mother has a brother with severe autism, which has placed a heavy emotional and financial burden on our family. In an effort to support them and cover growing expenses, I ended up taking on debts that snowballed out of control. To try to pull myself out of this hole, I invested in stocks and later cryptocurrencies, hoping for a way out. Unfortunately, this only worsened my situation. I work at a bank and, in desperation, I asked my husband to take out a loan to help us manage the debts. However, because I processed these transactions from my phone, the bank mistakenly flagged it as potential fraud. Although we clarified that my husband was fully aware, I received a 15-day suspension from work as a penalty, which has left me in an even more precarious position. Today, I’m overwhelmed by accumulated debts, and I’m struggling to survive financially. I’ll be honestβ€”this has taken a heavy toll on my mental health, and I’ve been battling thoughts of giving up. But I’m determined to keep pushing forward and rebuild my life. This brings me to why I’m writing to you. I’m reaching out to ask if you’d be willing to help me with a loan of [insert specific amount, e.g., $X or leave blank for now] to consolidate my debts and give me a chance to start fresh. I’m committed to repaying you monthly, and I’d be happy to work out a repayment plan that feels fair and manageable for both of us. My job at the bank provides a steady income, and I’m confident I can honor this commitment once my suspension ends and I stabilize my finances. I know this is a big ask, and I’m incredibly grateful for your consideration. If you have any questions or need more details about my situation or the repayment plan, please don’t hesitate to ask. I’d be happy to discuss everything openly. Thank you from the bottom of my heart for listening and for any support you might be able to offer I try to tell my hisyory since 2021
There is literally nothing wrong with the unit of sats, it’s all wealth subjectivity - You have wealth, so you want your bitcoin split into higher units to save you the burden. Some of us do not have the wealth like you, so sats can actually be economically empowering for us. Makes us feel like we are accumulating a lot of future wealth Classic humans trying to change something that doesn’t need fixing When bitcoin hits 1M, 1 sat = 1 cent. I don’t see why your β€˜bit’ agenda is being pushed so hard
(πŸ™ I’m extremely Sorry for spam but it’s an emergency β€οΈβ€πŸ©Ή #startsmall ) Hello @jack sir, I am Sid, a gold artist. I need your Help Please πŸ™ I kindly request your few minutes please on my Primal Note on my profile πŸ™ It’s genuinely an emergency for us, From my Job, to my family, our house & endless Medical billsβ€οΈβ€πŸ©Ή I can share any proof to verify everything, But please save me & my family, please πŸ™ Thank you πŸ™
Sid
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I’ll try to keep this as short as possib...