Post
Topic
Board Bitcoin Discussion
Re: Proposal for mass adoption: the introduction of a new unit of account
by
Christophe_dcy
on 16/08/2023, 14:58:09 UTC
Isn't it technically "Bite" rather than "Bit"?
you're right, it's the word "bite", not "bit", but the 2 are pronounced the same  Smiley

We already have BTC and sats which most people use.
don't forget that I'm talking about the masses, not insiders.  Roll Eyes


In fact, it doesn't matter how we call the unit that defines 100 satoshis. My point is that it's this basic unit that should be used.

Talking in bitcoin is the equivalent of talking in millions of dollars: it's of little interest, unless you're talking about very big amounts.
Talking in satoshis is the equivalent of talking in cents: big numbers for nothing.

An intermediate unit is more interesting to use in everyday life.
If you're going to use an intermediate unit, you might as well use the one for which 1 Unit = 100 sat, and 1 million Unit = 1 btc.