nick on Nostr: The Case for Bits One thing that can make us certain Satoshi was an American was his ...
The Case for Bits
One thing that can make us certain Satoshi was an American was his based disregard for the conventions of the SI unit system. Unit bias is a powerful thing, so what if on the eve of 100 million Satoshis becoming worth $100k USD dollars we chose a different path? What if we changed to something that could fit within the worldview of the European Union?
Bits the Standard
Ever since the inception of the itsy bitsy spider we’ve known bits has had legs. Nothing conveys the seriousness and depth of Bitcoin more than telling someone they can own “a bit of Bitcoin.” So what is a bit?
1 bit = 100 satoshis = 0.000001 BTC
10^-6 BTC. Simple, powerful, microbitcoins. Shouldn’t Bitcoin be as relatable as the Planck constant?
Consider this:
- In a 100k world, 1 bit would be 10 cents. Bit 10 cent parity is here now
- if we switch to bits, we could rename bitcoins to Megabits
- in lightning, we can replace msats with mbits
Bits the Movement
The conversation for bits has been going on for a long time now. While some would say satoshis won, we’re still early, and support for bits is growing. Here’s some good ways to advance the bits cause
- follow grubles (npub1ate…mf3z)
- introduce yourself as “a bits guy” (or girl!) at your next bitcoin meetup
- ask your favorite wallet devs when they will support bits
- remind people of the importance of SI units
- recalculate any sat numbers with bits and explain the benefits
With your help we can make our bitsy dreams a reality. Let’s make bits happen!
One thing that can make us certain Satoshi was an American was his based disregard for the conventions of the SI unit system. Unit bias is a powerful thing, so what if on the eve of 100 million Satoshis becoming worth $100k USD dollars we chose a different path? What if we changed to something that could fit within the worldview of the European Union?
Bits the Standard
Ever since the inception of the itsy bitsy spider we’ve known bits has had legs. Nothing conveys the seriousness and depth of Bitcoin more than telling someone they can own “a bit of Bitcoin.” So what is a bit?
1 bit = 100 satoshis = 0.000001 BTC
10^-6 BTC. Simple, powerful, microbitcoins. Shouldn’t Bitcoin be as relatable as the Planck constant?
Consider this:
- In a 100k world, 1 bit would be 10 cents. Bit 10 cent parity is here now
- if we switch to bits, we could rename bitcoins to Megabits
- in lightning, we can replace msats with mbits
Bits the Movement
The conversation for bits has been going on for a long time now. While some would say satoshis won, we’re still early, and support for bits is growing. Here’s some good ways to advance the bits cause
- follow grubles (npub1ate…mf3z)
- introduce yourself as “a bits guy” (or girl!) at your next bitcoin meetup
- ask your favorite wallet devs when they will support bits
- remind people of the importance of SI units
- recalculate any sat numbers with bits and explain the benefits
With your help we can make our bitsy dreams a reality. Let’s make bits happen!