The ₿est symbol for sats. Always has been.
The Bitcoin symbol (₿) is recognized by billions of people around the world. Let‘s not waste this global brand recognition. Instead, let‘s redenominate.
Why is 10 000 better than 0.00010000?
People like bigger numbers
Easier economic calculation
Suited for global adoption
Respects base unit of bitcoin
Why is ₿ a better sats symbol?
Global brand recognition
Trust and legitimacy
Clarity and consistency
Unicode support
Why do we need a symbol at all?
Recognizability as money
Competitive against $
Few know what 'SAT' means
₿ the standard. For everyone, everywhere.
Utilizing a universally recognized currency symbol for global money and presenting it in a more user-friendly way can greatly accelerate worldwide Bitcoin adoption.
We encourage everyone in the Bitcoin industry to embrace this new standard. The first mobile wallet to implement the ₿ symbol and modern denomination is Bitkit. Will your favorite wallet be next?
But what about...?!
No solution is perfect, but the shortcomings of using ₿ as the sats symbol are addressable.
“But it sounds weird to call it ‘sats‘ and use the ₿ symbol”
Many have tried to come up with a currency symbol that resembles the word ‘sats‘, but none reached a consensus.
The verdict is in: it‘s either ₿ or none at all. There‘s no second ₿est.
“But sats don‘t need a currency symbol”
How do you expect people to consider bitcoin money if it doesn‘t even have a currency symbol?
“But keyboards don‘t have a ₿“
This is not ideal, but the current solutions would be even more problematic, such as repurposing an existing symbol or not having one at all, and having to use images instead.
Keyboards will add the ₿ as Bitcoin gains mindshare, but meanwhile, we have workarounds: keyboard apps such as Gboard on iOS already have ₿, owners of mechanical keyboards can customize a keycap, and ₿ is a unicode symbol, so everyone can create a keyboard shortcut.
“But people will mistakenly send 10 000 BTC instead of 0.00010000!”
Other than Saylor, not many are prone to fat-finger errors. The 21M BTC cap limits the number of whales, so few will be vulnerable to the mistake of paying 10 000 BTC instead of ₿ 10 000.
If those whales were wise enough to stack so much so soon, they would be smart enough to avoid such an error.
“But people will think they have 100M x more BTC”
And how is this a problem, exactly?