By Bitcoin Magazine - 1년 전 - 읽는 시간: 6분
안녕 Sats, 그것은 A의 '비트'입니다 Bitcoin
It’s time to make bitcoin more approachable for newbies by naming the smallest units “bits” which are more familiar to people used to dollars and cents.
의 의견 사설입니다. Don McAllister, a technologist who has made several video tutorials on Bitcoin.
창립 당시, bitcoin was worthless; it had no monetary value. Early adopters could mine hundreds, if not thousands of bitcoin on simple laptops. As such, there was no need to enumerate it in other units than whole bitcoin. 그만큼 Bitcoin protocol was designed to accommodate smaller fractional units but there was no need to use them in the early days as tens, hundreds and even thousands of bitcoin were the norm. The first known purchase using bitcoin 10,000였습니다 bitcoin 피자 두 판을 위해.
Using whole bitcoin to enumerate was logical and necessary. As bitcoin adoption and its monetary value increased, there was still no need to use the smaller fractions of bitcoin — these fractions being the bit and the sat. A single bitcoin can be divided into 1,000,000 bits or as small as 100,000,000 sats (short for satoshis).
그러나, bitcoin has increased in value to tens of thousands of dollars for a single bitcoin, a reset is well overdue for how we quantify value using the Bitcoin protocol. A reset is needed to foster familiarity for new adopters as bitcoin edges ever closer to being used as a medium of exchange.
We are still so early in the bitcoin adoption cycle. Although it’s estimated that up to 100 million people hold the asset, most people yet to adopt bitcoin are both suspicious and confused as to what bitcoin actually is. At this point in the adoption cycle, it’s probably safe to say that the vast majority of individuals introduced to bitcoin in the retail space will never accumulate one whole bitcoin.
As bitcoin issuance slows down and as institutional investors jump in and as the price invariably increases, this will only be reinforced over time. If you hold one or more bitcoin at this point in time, you’re in a very fortunate position that will be unattainable for most individuals moving forward. Not even every millionaire in the world will be able to own a single bitcoin. It’s estimated there are over 50 million millionaires in the world, but there will never be more than 21 million bitcoin.
솔직히, bitcoin is a terrible name. For the uninitiated, a bitcoin could be a reference to a physical object, i.e., a bit coin. Obviously, bitcoin is a digital asset, but this is in conflict with its name. In addition, bitcoin can be used to describe two things: the monetary network (Bitcoin) and the monetary asset (bitcoin).
Bitcoin the monetary network is one of the largest and most secure computer networks in existence. It is the core technology that provides the necessary framework and communications channels for bitcoin transactions and runs on thousands of nodes around the globe. The Bitcoin network is unparalleled for reliability and security.
Bitcoin, the monetary asset, is both confusing and alien to those who have yet to adopt it. Its current high value leads many people to think they cannot afford to adopt bitcoin or that they have missed the boat. This is because most people still hear about bitcoin priced as whole units with an unaffordable price tag.
Even though current early adopters of bitcoin are comfortable breaking down bitcoin and using eight decimal places, e.g., 0.00002345 or 2,345 sats, this method is completely alien and off-putting to non-holders.
To understand why, let’s apply some of the mechanisms and nomenclature of bitcoin to familiar fiat currencies. Let’s start by applying this existing method of bitcoin enumeration to the U.S. dollar.
가상의 USDcoin을 발명해 봅시다.
USDcoin = 100,000,000센트. (실제로 1달러 = 100센트라는 사실은 무시하자.) 이제 USDcoin이 채택되어 교환의 매개체로 사용된다고 가정해보자. 평범한 사람이 냉장고를 구입하기 위해 상점에 들어갔을 때 냉장고 가격이 다음과 같다고 상상해 보십시오. 냉장고 = 0.00030000 USDcoin 또는 30,000센트.
이것은 완전히 낯설고 낯설다. 따라서 USDcoin이라는 이름을 완전히 추방합시다.
대신 실제 가치인 1달러 = 100센트로 달러를 사용하여 열거해 봅시다.
따라서 30,000센트 = $300.00입니다.
얼마나 더 익숙하고 편안한 느낌이 들까요?
달러 기호가 있어 즉시 달러로 볼 수 있고 소수점이 있어 달러와 센트를 명확하게 구분할 수 있습니다.
따라서 USDcoin은 100,000,000센트 또는 $1,000,000 달러입니다.
USDcoin 레이블을 사용하는 이유는 무엇입니까? 모든 것은 달러와 센트로 열거할 수 있습니다. 3 USDcoin 대신 $3,000,000 달러가 있습니다.
Why do we impose the former methodology on new entrants to bitcoin? It’s totally alien and unfamiliar, but this is exactly what we are expecting people to adopt with bitcoin.
Bitcoin = 100,000,000 sats.
If adopted as a medium of exchange, the fridge would be priced as: fridge = 0.00030000 bitcoin or 30,000 sats.
Instead, let’s keep the bitcoin moniker for the Bitcoin network and start to use “bits” for the currency and remove the complexity.
100 sats = ₿1.00 또는 1비트.
이제 냉장고의 가격은 30,000 sats = ₿300.00입니다.
See how much more familiar and comfortable that feels? The ₿ symbol has been historically used to enumerate whole bitcoin and is highly familiar to people. I would suggest that we now adopt the ₿ symbol for bits. It’s highly unlikely anyone will confuse whole bitcoin with bits. If you see a price tag of ₿300.00 you’re not going to think it’s 300 whole bitcoin. If you want to deal in whole bitcoin, you can go back to eight decimal places, e.g., 3.09367835 BTC.
But most normal people will never need (or be in a position) to transact in whole bitcoin. If they are fortunate enough, they can transact in millions of bits. Remember 1 BTC is ₿1,000,000, so 3.09367835 BTC is ₿3,093,678.35. This is what we do with USD or GBP: we use millions of units, e.g., $1,000,000 or £1,000,000.
We need to move away from talking about the price of bitcoin in bitcoin and start talking about the bit price, just as we talk about things priced in dollars or pounds. Let’s leave the name Bitcoin for the network and let’s focus on bits.
Adopting bits to enumerate bitcoin has other benefits. A bit is a “bit” of a bitcoin. People are more likely to associate the word “bit” with bitcoin and are more likely to understand that a bit is a part of a bitcoin. A “sat” means nothing to the average person.
If this terminology is adopted by exchanges, people will perceive lower prices because bitcoin would be priced in bits making bitcoin appear more affordable. People would be encouraged to buy and spend in bits.
As previously mentioned, nothing new is required. No changes are needed to the underlying monetary asset or Bitcoin network. Bits are already built in and they were included for a reason. Do you really think the fact that they mirror dollars and cents, or pounds and pence, is a coincidence? I think 나카 모토 사토시 는 이미 비트가 새로운 글로벌 통화가 될 미래를 내다보고 이러한 친숙함을 프로토콜에 구축했습니다.
이것은 Don McAllister의 게스트 포스트입니다. 표현된 의견은 전적으로 자신의 것이며 BTC Inc 또는 Bitcoin 매거진.