Unpopular opinion: No need for satoshi symbol. Stick with Bitcoin, BTC, and ₿.
What’s being debated is really a deflation-driven re-denomination, but there is lots of precedence for inflation-driven re-denominations:
New Franc (France),
New Peso (Mexico),
New Shekel (Israel),
New Lira (Turkey),
New Taiwan Dollar,
Brazil’s many interesting new-denominations,
probably many more I’m unfamiliar with.
In a world where satoshis / sats are a useful pricing denomination, it would be clear from context whether denomination is “sats” (new) or “Bitcoin” (old) since there’s eight orders of magnitude difference. During times of transition (now) there is confusion, but trying to introduce a new named “currency” (since it has a symbol) will only increase that confusion. Also, I think it’s unclear whether the future “new Bitcoin” denomination should be sats vs bits/μBTC vs mBTC, and if either of the latter are the case, the sats denomination is all the more confusing. Another analogy would be stock splits. When a company does a e.g. 7:1 stock split, it doesn’t get a new symbol. My bias is that Bitcoin should be simple for new users and general public, and a new symbol for “sats” feels like a re-branding that dilutes mindshare and increases confusion. That’s why I think successful re-denominations and stock-splits are useful analogies. As are the perils of re-branding consumer products, with the opposite implication. Think the best counter-argument (to this unpopular opinion) is that the general public has lots of experience with fractional denominations, with the Latin-derived “cent” being the most common. But even here I think there is trouble because:
While the general public is aware cents, in many countries there are fractional denominations which are only used by specialists and don’t have a symbol. For example in the US the lowest denomination established by law is the “mill” which is one-tenth of a cent and one-thousandth of a USD. Aren’t sats (especially now) more like these specialist denominations?
In most countries, the general public does not use a symbol for “cent”, which is sometimes ¢, and instead just abbreviates the word (“25c.”) or uses a decimal in written contexts (“0.25”).
For everyone passionate about adoption and use of sats, I think it makes more sense to just use “s.” (as an analogue to cents) when working with sats (adding BTC / ₿ if unclear whether you’re talking about Bitcoin), and as Bitcoin use transitions to a new base denomination (whether it is mBTC, bits, or sats), that can become “new Bitcoin” (consensus-driven re-denomination). EDIT: typos
04-25 17:26 - 'I’m glad there is a place like r/btc because it allows free and open discussion. Bitcoin Cash is a fork of Bitcoin, and to some they feel it’s more Bitcoin than the Bitcoin that has the ticker symbol BTC. Why not let th...' by /u/shinyspirtomb removed from /r/Bitcoin within 511-521min
''' I’m glad there is a place like btc because it allows free and open discussion. Bitcoin Cash is a fork of Bitcoin, and to some they feel it’s more Bitcoin than the Bitcoin that has the ticker symbol BTC. Why not let them discuss Bitcoin Cash and express their opinions? Even if BCH goes against your personal opinions, the idea of stopping their discussion reeks of censorship. ''' Context Link Go1dfish undelete link unreddit undelete link Author: shinyspirtomb
Bitcoin on Twitter: "The whitepaper never gave Bitcoin a ticker symbol. Bitcoin is an idea, BTC is one implementation of that idea. Which Bitcoin fork do you think most closely resembles the Bitcoin described in the whitepaper?"
DID YOU KNOW: People still regularly send small amounts of #bitcoin to Satoshi’s known addresses, as a symbolic gesture of thanks to Bitcoin’s creator. The genesis address received 16.92853522 BTC in tips so far.
12-08 21:33 - 'Remember when someone wanted to send you BTC, mistyped your receiving address by one symbol, and your BTC went to a burner address?' (theguardian.com) by /u/mihcis removed from /r/Bitcoin within 1808-1818min
"Up until 2017 bitcoin used the ticker symbol BTC. It was still hijacked by a bunch of developers but it hadn't forked off. In the middle of 2017 the core development team altered the protocol creating a separate airdrop coin... BTC is not bitcoin"
11-16 06:23 - 'My 68 year old mom put 1k into btc because she thinks it'll make her a million dollars someday. She bought dong too. She collected beanie babies. She always does this. This symbolizes the ubiquitous nature of bitcoin. It's...' by /u/bofadeesnuts removed from /r/Bitcoin within 21-31min
''' My 68 year old mom put 1k into btc because she thinks it'll make her a million dollars someday. She bought dong too. She collected beanie babies. She always does this. This symbolizes the ubiquitous nature of bitcoin. It's everywhere. We all know of it. But nobody's buying. Nobody's holding. Sorry, HODLing. Everyone is shorting and having a blast. I get that. But it's not going to become the phenomenon the BTC Religion people want it to be. 20 years from now, it'll look like Atari. The stupid HODL shit fucks it all up too. It's becoming a subculture rather than going to the masses. Imagine if Visa had a subculture where certain people were embarrassed to be associated with it. That's bitcoin. When a blockchain company figures out how to build a universal brand, THAT will takeover and bitcoin will be historicised as some silly dork thing of the past LIKE BEANIE BABIES, BASEBALL CARDS, SLAP BRACELETS, POGS, and PET ROCKS. The vast majority of people, rather than saying, "I have a Visa card," will instead say, "I didn't fall for that stupid shit." ''' Context Link Go1dfish undelete link unreddit undelete link Author: bofadeesnuts
The launch of Binance Futures could be more symbolic for BTC then the CME launch. Bitcoin was born in the wild (not by institutions) and the introduction of 20x-leverage & funding ‘competition’ to BitMEX - may kick of the next bull run...
A huge congratulations to @VinDAXOfficial for being on top of the ladder @CoinMarketCap adjusted volume daily charts. BitBall (BTB) can also be traded on Vindax #crypto exchange against #Bitcoin #btc pair. Trade link👉 https://vindax.com/exchange-base.html?symbol=BTB_BTC
09-21 19:53 - 'The most prominent example for an imitator is (seg)witcoin, which obviously was already known in 2010 but nobody could have seen it overtake the btc ticker symbol' by /u/tarnschaf1337 removed from /r/Bitcoin within 391-401min
I have a genuine and simple question that i bet it was already asked before. Why is this sub reddit called BTC when the whole world knows thats the symbol of BITCOIN?
This is confusing a lot people and bringing misinformation for example for someone like me who happened to subscribe in here cuz i thought it was another bitcoin subreddit when its actually the Bitcoin Cash main sub reddit.
The symbol represents the currency unit "bitcoin" (100 million satoshi), as well as the Bitcoin network and currency itself. The bitcoin currency unit is also commonly given the informal currency code BTC. The Bitcoin sign is part of Unicode 10.0 (released June 2017) with code point U+20BF (₿). Der Text "BTC" kann mit dieser Schriftart eingegeben und formatiert werden, sodass sie auf den unterstützten Systemen nur durch das Symbol ersetzt wird diese Schriftart, während auf anderen Systemen der Text "BTC" beibehalten wird. Ebenso bleibt beim Kopieren und Einfügen von Text "BTC" erhalten. Diese Methode wird in BitcoinTalk und im Bitcoin-Wiki verwendet. Ein wenig Logo-Kunde in Sachen Bitcoin. Woher kommt das ikonische BTC-Symbol überhaupt? Wir erklären es hier! BTC-ECHO. Krypto handeln $ $ $ $ $ 389.40 B $ BTC 12,928.31 $ 5.77%. ETH 396.77 $ 4.62%. BCH ... BTC USD (Bitcoin / US Dollar) Dies ist das weltweit gängigste Bitcoin-Paar. Der Bitcoin nutzt eine "peer-to-peer"-Technologie und kommt ohne eine zentrale Behörde oder Bank aus. Das Verwalten von Transaktionen und Ausgabe der Bitcoin-Münzen erfolgt gemeinsam durch das Bitcoin-Network. Bitcoins sind "open-source" und der Code ist öffentlich. Diese Kryptowährung gehört niemandem und wird ... XBT und BTC. Die Bitcoin Community wird aber sicher noch einige Zeit beim momentan gängigen BTC bleiben. Währungssymbol. Das Währungssymbol ist ein visuelles Zeichen, das eine Währung repräsentiert. Jeder in Deutschland kennt beispielsweise das Euro Symbol “€”. Die Währungssymbole sind nicht immer eindeutig zu erkennen, vor allem bei kleinen Schriftgrößen. Deswegen spielt das ...
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