I heard recently that's there's a proposal to start pricing Bitcoin not in the cost of 1 BTC but in 1 satoshi. The idea being to make it seem much cheaper to stack bitcoin.
If my math is correct, it would cost $0.00106 per satoshi, making feel very easy to think about staking sats. Heck, with $100 you could buy 94,339.62 sats! AMAZING!!!
Or is it? What is an insitution wants to buy $1billion of bitcoin. How many sats is that???
I kind of like the idea for making it seem affordable for retail to jump in but not sure it's practical.
Do you think pricing by sats is a good idea?
But from inception, the known unit of bitcoin is sats and it has been the smallest and important unit of bitcoin. Mbtc is a measurement unit which I think has not been popular even till date, except some wallets that measure in mbtc.
The idea of popularizing sats will happen spontaneously when the price of bitcoin goes so high. So, there's no need forcing it to happen at our own pace. When many people are not even able to own 0.1 BTC, we will all go to measuring by sats. Maybe 1 sat could be equal to 1 cent by then.