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24 January 2021

Bring Back the Bits! Adam Back Argues To Scrap Bitcoin “Sats” - Decrypt

Bring Back the Bits! Adam Back Argues To Scrap Bitcoin “Sats” - Decrypt


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Adam Back, the CEO ofblockchaintechnology companyBlockstream, has said that Bitcoiners should forget about the Satoshi unit of measurement, known as the “sat.”.

Back went on to say, “a Bitcoin is too expensive, but sats are too many, sound cheap and confusing.” That’s “hard to figure out what you bought,” he said

He also said that there has been “universal newcomer confusion” with buying fractions of a Bitcoin and that, “You still have sats, just bits and bitcents (aka sats), like dollars and cents.” 

In perhaps the simplest argument, Back went on to add that: “There is something poetic about a Bitcoin being made of bits.” 

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