Repeatedly nuked profile
· 69w
> Half-penny and paisa were in common circulation until inflation wiped it out. cents and dimes will also go away as well given the rate of dollar inflation.
Which changes nothing. If half-penny were...
Whatever floats your boat man.
You started by saying for a currency we need the smallest base unit that is not further divisible, and the likes of Jack and you want to call it "Bitcoin".
As a counter example, I said L2 further divides the base unit, which I call "sats" into "millisats", so my question is, where you draw the line of redefining the base unit? As I said, Bitcoin is deflationary currency so, in 100 years, what happens when we need micro-sats in L2?
I'll give you my main summary.
My point is the base unit is Bitcoin, and there is 21 million of them. You can divide it to smaller units as you want (L2, L3, maybe even soft fork L1). You can call it sats, bits, micro-sats, micro-bits, etc. Giving your example, your height is 1.90m /190 cm. You can even call it 1,900mm or 1,900,00 um etc. What you cannot do is redefine the units and say your height is 190 m, and that is the crux of the matter.
In regards to using as medium of exchange, it depends on the size of the transaction. For a house price, you'll say it costs 4 bitcoin, not 400,000,000 sats. And for a milk, you'll say its costs 400 sats not 0.00000400 btc. The human mind will adopt to the correct size designation, like we use for length scale (lightyears), mass scale (amu) and time scale measurements (millenia).
At this point, I am done discussing this matter any further, as its clear we have agreed to disagree.
