Hello,

I've heard several times that when Bitcoin matures, its volatility will have decreased, but therefore, potentially, its appeal will also decrease, as it will no longer represent a get-rich-quick opportunity.

So, what do you think could continue to generate support?

We could bet on the inflation of fiat currencies or the desire for emancipation, but I'm not sure that's enough.

Personally, I live in France, and here I regularly hear a little worrying music.

Given our state's difficulty financing itself and paying its debts, our politicians are increasingly referring to the savings of the French as a source of capital that can be used by the state. This is a subject that most people are sensitive to: control over their money. And it seems we are gradually losing it. Today, your capital deposited in the bank theoretically belongs to you, but it is the bank that has the choice of letting you use it or not. Any withdrawal over €3,000 must be justified. Recently, a minister mentioned the end of cash to combat trafficking. The ECB is actively promoting its CBDC. These are all mechanisms aimed at depriving people of control over their capital and therefore their freedoms. It's not hard for me to imagine a future where, for example, my airline ticket purchase would be denied because my monthly spending in that sector exceeds a quota justified by a quantitative personal carbon footprint. I think this is where we're headed; Governments are making great strides to control our spending and our money, and in doing so, are promoting Bitcoin.

What do you think?

And I forgot, but our deposits are only guaranteed up to €100k. A bank run and a liquidity crisis would also be a (possible) very promotional event for BTC. Although dramatic for many people.

In a way, Bitcoin was designed to protect against excesses or tragedies, but these will have to occur for it to be more widely adopted and recognized when it no longer has its current growth.

PS : sry for bad English

Hello,

Removing the SAT is a divisive decision, but I can understand the but I can understand value of this approach.

Another approach could be to define a different unit and integrate it into the International System of Units (SI).

If the name "BIT" is a consensus, why not, but it could be different.

For example, one BIT could correspond to 100 SAT.

1 DecaBIT = 1000 SATs, 1 KiloBIT = 100 000 SAT, etc.

We could keep SAT and not use CentiBIT (and SAT doesn't sound so different than cents, it's a good reference point) .

If this creates confusion because these units already exist to quantify digital information, we could replace "BIT" with something else:
- BC and KBC (for kilo), DBC (for deca), etc...
- BIC
- BTC to remain faithful to the legitimate name but keep "Bitcoin" exclusively for the whole unit.

Also, as mentioned earlier, wouldn't it be wise to consider subdividing Satoshis? The network is growing rapidly, and we'll probably have to do that.

PS: Sorry for my poor English. I'm not good with languages.

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Different variations are possible. But in a system with 8 decimal places currently and potentially more in the future, it seems wise to have intermediate units to communicate without confusion.

The choice of name should be the result of a broad consultation. I mentioned the international system of units, but we could even consider "goldbit," "silverbit," or GoldBTC, etc., abbreviated to GB or GBTC.

We'll see what seems most intuitive and faithful to BTC, according to the community.

[moderator's note: consecutive posts merged]