Bit or Sat or Nah? What would Satoshi Nakamoto choose if he returned?

[dendehomie]

How can you convince people to switch to hard money if doing so requires them to deal with much larger numbers that they are not used to? Unit bias is very real. Sat cannot replace dollars and become the unit of account simply because the math is off. Nah was created to solve this problem. You can pick any fiat currency and run the conversions math and the math of Nah will always look better than the math of Sat.

It has been proposed before that Bitcoin units should be changed as the price increases because one Satoshi will end up costing too much and splitting them would be pretty much necessary.  The proposals usually fall quickly as people see this as the same thing as changing the Bitcoin supply to infinite.  Because on the other hand, you could also multiply the Total Supply by ten and it should have the same effect.

Therefore.  Proposing the Bitcoin supply to be turned into TRILLIONS through a Second Layer is the same kind of proposal but you are pretty much trying to manipulate us into believing your Shit Coin has value.  Because what is the difference between forking Bitcoin into a 'better' Multi Trillion Supply Bitcoin and your proposal.  None.

The dollar and other fiat currencies will die eventually and it will happen within the next 10 years. People will have to transition to hard money whether they want to or not and we want the transition to be as frictionless as possible. If you don't think it will happen, then I'd have to ask, are you on team Satoshi Nakamoto or on team Fed (ie you are lying to yourself and to other people)?

Do I have to be a Fed or to be in their boat to not believe that Bitcoin will replace the Dollar in the next ten years?  You are telling me they are currently working on the most draconic Central Bank Digital Currencies but all of these will fail, will collapse together with Fiat and we will live in a World where DECENTRALIZED Currencies are the norm?

I am sorry but as much as I believe in Bitcoin, what you are saying is only a fantasy.  Hell.  It would be AMAZING to have that kind of World.  But I am realistic and the Dollar to Bitcoin swap is never going to happen.  Leaders would die, countries would fall and it would still not be Bitcoin on top of every other Currency.

Anyway.  If other Fiat currcencies will inevitably fall and people will HAVE TO transition to hard money then what is the point of even entertaining your idea.  Bitcoin works great right now and does not need that kind of change yet nor will it likely need it in the next ten years.  So if this is inevitable then people will either continue to be stupid and not understand why it is better than Dollars or they will finally get it and understand that even if the units are higher, the value not only holds but grows.

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Nah is terrible name for another reason: there is no plural. "Cent" has plural "cents". "Sat" has plural "sats". Nah cannot become "Nahs", it simply sounds worse and is just confusing.

I propose we add a 'Hell' before it.  Imagine the potential!  Now when my husband looks at the total of my cart it is not 300 Dollars any more but 256 Hell Nahs!

Lol Hell Nahs is actually funny, I might have to adopt it as the new slang.

To answer your concern, allow me to remind you that we are not inflating the supply of Bitcoin. We are deflating it from 2.1 quadrillion Sats to 85.3 trillion Nahs.

The transition from USD to Sat or to Nah will be messy. We want to pick the simplest, cleanest, least messy path for the 99% of world's population who will be forced to convert from dying fiat currencies to newer and harder money.

Nah is better than Sat simply because 85.3 trillion is just slightly below $100 trillion M2 and 2.1 quadrillion is way much bigger than the current $100 trillion M2. If Fed decides to go crazy and print a bunch of USD next month to push M2 above $2.1 quadrillion then Sat makes more sense than Nah, but I think the death of the USD will be the result of M2 doubling or trippling within the next 10 years, and in that case Nah remains the better option. Time to say Hell Nah to fiat and their crypto/stablecoin/cbdc/memecoin/altcoin.

Maybe you can think of Hell Nah as the shitcoin we need to kill the other shitcoins. A shitcoin that is named after Nakamoto and built on the Bitcoin timechain. When newbies look for the next memecoin/altcoin to gamble, hoping to 100x their wealth, they can buy into the Hell Nahs and pay fees to Bitcoin miners. If the Hell Nahs can absorb all the monetary values from other shitcoins then it can make the path to The Bitcoin Standard a little bit cleaner.

[PrivacyG]

To answer your concern, allow me to remind you that we are not inflating the supply of Bitcoin. We are deflating it from 2.1 quadrillion Sats to 85.3 trillion Nahs.

You are misleading again.

If you want to consider Satoshis to be the Total Supply of Bitcoin then I will talk about Nah Total Supply in its smallest unit as well.

What is the smallest unit?  Is it .01?  Then you are lying and you are INflating it from 2.1 quadrillion Sats to 8.53 quadrillion Nahcents!  The lower you go, the WORSE!

[dendehomie]

To answer your concern, allow me to remind you that we are not inflating the supply of Bitcoin. We are deflating it from 2.1 quadrillion Sats to 85.3 trillion Nahs.

You are misleading again.

If you want to consider Satoshis to be the Total Supply of Bitcoin then I will talk about Nah Total Supply in its smallest unit as well.

What is the smallest unit?  Is it .01?  Then you are lying and you are INflating it from 2.1 quadrillion Sats to 8.53 quadrillion Nahcents!  The lower you go, the WORSE!

The comparison has always been Sat vs Nah from the beginning. Both are positioned as the solution to Bitcoin's unit bias problem. The question in my original post was that which one is the better solution.

The reason most people don't buy Bitcoin is because they don't know that they can buy a fraction of it. Most think they have to spend $75k to buy a whole BTC. That's why OGs are pushing wallets and exchanges to display Bitcoin as Sat. But most major central exchanges are just shitcoin casinos controlled by fiat governments. They won't make it easy for people to buy into Sat/Bitcoin. They want people to jump on their "next big blockchain" and suck capital out of Bitcoin.

Nah was created because myself and some friends of mine who are also Bitcoin OGs decided that we need to fight back against the shitcoin casinos and solve the unit bias problem. We want to absorb the monetary values of all other shitcoins and put it back on the Bitcoin timechain. Nah is dirt cheap right now and it will be a long time before 1 Nah costs more than 1 USD. So there won't be a unit bias for Nah for a long time, and we will deal with 1 Nah as its smallest unit for the next few decades.

[mcdouglasx]

I admit that you're good at selling an idea at first, the problem is you posted it in the wrong forum! Anyone here who knows even a little about Bitcoin will see your contradictions and your constant shifts in argument every three posts in the thread. You started the thread giving it a technical value that was refuted, then you turned it into an ideological one that was also refuted. Then you indirectly admit that your coin aims to extract value at Bitcoin's expense, and you use appeals to authority by mentioning OGs as if that's going to make the readers stupid.

It's nothing personal, you just want to push your idea by any means necessary.

[dendehomie]

I admit that you're good at selling an idea at first, the problem is you posted it in the wrong forum! Anyone here who knows even a little about Bitcoin will see your contradictions and your constant shifts in argument every three posts in the thread. You started the thread giving it a technical value that was refuted, then you turned it into an ideological one that was also refuted. Then you indirectly admit that your coin aims to extract value at Bitcoin's expense, and you use appeals to authority by mentioning OGs as if that's going to make the readers stupid.

It's nothing personal, you just want to push your idea by any means necessary.

Please kindly show me where I have contradicted myself? I simply explained from various angles to show how Nah is the solution to the many problems that make it hard for people to adopt the Bitcoin timechain.

Technologically, Nah is a rune built on Bitcoin with the number of max circulating supply nicely chosen so that it solves the unit bias problem in the cleanest possible way.

Ideologically, we are honoring Satoshi Nakamoto by naming it after his last name. Sat & Nah can become the simple dual asset paradigm for people to switch to as they suffer from fiat debasement.

We are not aiming to extract value at Bitcoin's expense. There is a natural tendency fueled by the unit bias for newbies to search for the next big crypto/blockchain/altcoin to 100x their wealth. You either lose it to other shitcoins like eth or sol, or some shitcoins built on those shit blockchains, because they are cheap in the eyes of newbies (they want to buy thousands of units with 10 dollars). Or you can choose to adopt Nah which is built on the Bitcoin timechain and if newbies buy Nah in hope of 100x, they will be paying Bitcoin miners because it costs Sats to move Nahs on chain. That is how we absorb capital back into the Bitcoin timechain and fight back against blockchains developed by fiat governments.

Think of Nah as the best sugar coat for the orange Bitter Sat pill. Nah can help newbies jump on the Bitcoin timechain by solving their unit bias problem better than Sat can and that has been my main argument from the beginning. I don't think I posted in the wrong forum as I want the first Nah hodlers to be Bitcoin OGs. Nah should not be viewed as Sat's enemy. In fact, Sat & Nah should rise together since they are both hard assets native to the Bitcoin timechain.

[dendehomie]

Actually, kindly allow me to say that again.

Nah is our only way to escape the fiat matrix and build the Bitcoin timechain into the final settlement layer for electronic cash transactions within the next 10 years. If we fail to emphasize the importance of a good unit of account, we will be stuck in the fiat matrix when it collapses as most ordinary people will take too long to transition to hard money due to the unit bias problem.

Most civilizations fail simply because they did not have a good unit of account, and if we don't learn from history and are not realistic in our solutions, we will face the same fate.

[PrivacyG]

The comparison has always been Sat vs Nah from the beginning.

It is like saying a piece of cloth is more eco friendly than the strains it is made of because the cloth is one while the strains are thousands.  This comparison is misleading.  It would not be as misleading if you did not present it as if your Nah would has less inflation than Satoshis do.

[dendehomie]

The comparison has always been Sat vs Nah from the beginning.

It is like saying a piece of cloth is more eco friendly than the strains it is made of because the cloth is one while the strains are thousands.  This comparison is misleading.  It would not be as misleading if you did not present it as if your Nah would has less inflation than Satoshis do.

All Nahs have been mined and are held by diamond handed hodlers, so inflation rate is 0% forever. Sats are still being mined and its annual inflation rate for the next 10 years is about 0.4%. Those are facts, verifiable on chain: https://uniscan.cc/runes/detail/NAH%25E2%2580%25A2SOVEREIGN%25E2%2580%25A2DIAMOND

Convincing a global economy using 100 trillion units of USD to switch to 2.1 quadrillion units of Sats is like convincing a poor high school kid at the gym who is used to lifting a rusted hammer weighing 10 kg to switch to lifting a rust-resistant dumbbell weighing 210 kg. This dumbbell is still actually rusting at a rate of 0.4% annually for the next 10 years but the rust-inhibiting mechanism will slowly kick in and the dumbbell will eventually become rustproof 114 years from now. You try to tell the kid that his rusted hammer is rusting at a rate of 10% annually and is bad for his health. The kid would most likely refuse and think this coach is crazy.

Bitcoin OGs are like financial coaches and monetary assets are tools. You need the right tool for the job. Nah, with its max circulating supply at 85.3 trillion, is a lot more suitable for the transition. The kid in the analogy above would be happier to switch if you show him the rustproof dumbbell weighing only 8.53 kg.

[PrivacyG]

I still have not read a reason for trying to mislead me and the rest of the readers into believing your Shit Coin is 'deflated' in comparison to Bitcoin while comparing 0.00000001s of a whole Bitcoin to whole Nahs,  

To answer your concern, allow me to remind you that we are not inflating the supply of Bitcoin. We are deflating it from 2.1 quadrillion Sats to 85.3 trillion Nahs.

[dendehomie]

I still have not read a reason for trying to mislead me and the rest of the readers into believing your Shit Coin is 'deflated' in comparison to Bitcoin while comparing 0.00000001s of a whole Bitcoin to whole Nahs,  

To answer your concern, allow me to remind you that we are not inflating the supply of Bitcoin. We are deflating it from 2.1 quadrillion Sats to 85.3 trillion Nahs.

Let me summarize it for you. The answer you are looking for is the "code reality" section below.

The Problem: New users suffer from unit bias—the desire to own a whole unit of an asset. Because one full Bitcoin costs tens of thousands of dollars, they think it is unaffordable and buy cheap, risky alternative coins instead.

The Code Reality: In the actual Bitcoin source code, fractional decimals do not exist. The network only tracks a single whole base unit. Instead of 21 million Bitcoins, the code is hardcoded to issue a maximum supply of 2.1 quadrillion total base units.

The Current Solution: OGs push the term "Sat" (the community name for these 2.1 quadrillion units) so users realize they can buy thousands of whole programmed units with just a few dollars, satisfying their psychological need for whole numbers.

The New Problem: Global M2 is at only $100 trillion (100 trillion units of dollars). If everyone converts to The Sat Standard (2.1 quadrillion units of Sats), the numbers displayed as prices for every product and service out there will look inflated and create confusion and friction (a $4.8 USD coffee becomes a 100 Sats coffee). Please read my original post and the coffee example again for more detailed maths.

My Solution: I created a rune on the Bitcoin timechain and named it Nah. It has a max circulating supply of 85.3 trillion units. It inherits all the security and decentralization of the Bitcoin timechain and is a native asset on chain, just like Sat. To move Nahs from one Bitcoin address to another, people still have to pay Sats to Bitcoin miners. 85.3 trillion is just slightly smaller than 100 trillion, and if everyone converts to The Nah Standard, the numbers displayed as prices for every product and service out there will look slightly deflated ($4.8 USD becomes 4.1 Nahs). This is obviously less problematic for businesses and consumers as they change the pricing on physical menus and online websites (ask menu designers and website designers), and the numbers in their accounting books.

I don't think I could articulate it any better.

If you want people to quit buying shitcoins built on shit blockchains and truly transition from the fiat standard to The Bitcoin Standard, adopt Nah.

[dendehomie]

The Bitcoin community is known for having some of the most logical, most capable engineers and developers. We are here, to make sure that Bitcoin remains the ultimate solution for fiat debasement, and to make Satoshi Nakamoto proud.

Can someone here read my previous comment and point out a flaw in my logic?

And if my logic is flawless, that means Nah is the only way forward to truly solve the unit bias problem. On the Bitcoin timechain, Nah shall become the primary unit of account, and Sat shall become the secondary unit of account. Nah stands for Nakamoto and Sat stands for Satoshi. Digital diamond and digital gold. A dual asset paradigm for The Bitcoin Standard.