~snip~
As Bitcoin gains traction, it will make sense for us to have a unit between Bitcoin and Sats since it will be much easier to say the Price of something is 10 Naks, VS 0.0001 BTC or 10,000 Sats.
Eventually, twenty years from now, everything will be sold in Sats when one BTC equals $10,000,000 USD, but until then, it's an intermediate step.
Thoughts?
If something is 10,000 sats you can say it's 10k sats.
No need to add another name, we have the
Metric PrefixSince Bitcoin has 8 decimal places, having BTC and sats work great.
First 4 decimals have value?, use BTC:
0.1234XXXX would be about 0.1234 BTC
Last 4 decimals have value?, use sats:
0.00001234 would be 1234 sats, or about 1.2k sats