The Bitcoin symbol (₿) is recognized by billions of people around the world. Let‘s not waste this global brand recognition. Instead, let‘s redenominate.
People like bigger numbers
Easier economic calculation
Suited for global adoption
Respects base unit of bitcoin
Global brand recognition
Trust and legitimacy
Clarity and consistency
Recognizability as money
Competitive against $
Few know what 'SAT' means
No solution is perfect, but the shortcomings of using ₿ as the sats symbol are addressable.
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.
How do you expect people to consider bitcoin money if it doesn‘t even have a currency symbol?
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.
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.
And how is this a problem, exactly?