solo working moms en El Salvador - Im on a mission to help you learn how to transact with bitcoin. how to learn, earn, spend, save & secure your satoshis 🇸🇻⚡️
1/ Bitcoin's ecosystem is evolving 🚀
New applications and protocols are emerging to expand what's possible on Bitcoin, yet they all share a critical constraint: expensive interaction with the base layer.
What if on-chain costs could decrease with increased network usage? 👇
El Salvador mompreneurs
prepare your children for the future that is now
This is a great list of all the ways you can get involved with Bitcoin
SV is Bitcoin country - you have first mover advantage
Playing with Bitcoin can involve a wide variety of fun and engaging activities. Here are some ideas that align with "having fun with your Bitcoins":
Write a Bitcoin Book:
Create your own Bitcoin Book like Krueger and Sigman, or the upcoming book by Larry Leppard.
Microtransactions and Experiments:
Use Bitcoin for tiny transactions, such as tipping online creators, buying small digital goods, or experimenting with Lightning Network payments to understand how it works.
Bitcoin Art and NFTs:
Support Bitcoin-based digital art projects or mint unique assets on Bitcoin platforms like Ordinals.
Gaming:
Play Bitcoin-integrated games where you earn or spend sats (e.g., play-to-earn games or Bitcoin casino platforms).
Run a Lightning Node:
Set up a node to route payments and earn tiny fees. It's a technical yet rewarding way to engage with the Bitcoin ecosystem.
Bitcoin Meetups and Communities:
Attend meetups, conferences, or local gatherings to exchange Bitcoin ideas, tips, and experiences while building your network.
Learning by Doing:
Explore Bitcoin coding, smart contracts, or other creative uses. Tinker with wallets, multisig setups, or privacy-enhancing tools.
Bitcoin Scavenger Hunts:
Participate in or create treasure hunts where Bitcoin prizes are hidden or require solving puzzles to access.
Support Decentralized Projects:
Use Bitcoin to fund open-source projects, donate to causes, or explore social tipping platforms.
Bitcoin Merchandise:
Purchase Bitcoin-themed merchandise or collectibles and engage with the culture.
Trading and Investing Challenges:
Simulate or engage in small trading experiments to learn about markets and hone financial skills.
Teaching Others:
Help a friend or family member set up their first wallet, buy their first Bitcoin, or teach them how to HODL securely.
Design and Create with Bitcoin:
Build creative Bitcoin tools, such as fun wallets, apps, or educational games, to spread awareness and have fun.
"Many African nations are suffering from hyperinflation... economic uncertainty, and in some cases authoritarian governments, and what we are seeing is that everyday people across Africa are choosing Bitcoin instead of their locally provided currency"
When people say "Bitcoin is useless" they are actually saying, either knowingly or unknowingly, "The lives of African people don't matter"
@CharFadirepo on @BBCWorld
Michael Saylor says, “Satoshi is equivalent to Prometheus. Prometheus gave us fire. Satoshi gave us money.”
“#Bitcoin is the first perfect money…in the history of the human race.” 🔥
Two major issues with this BIP
1. It would totally ruin the brand I just started here call Satoshi Tutor 😮) this is satire, I would give up the word Satoshi if improved the speed of Bitcoin adoption
2. The naming battle between “bits” and “sats” would be over.
Brilliantly done - bits is never mentioned in this BIP but over time “Bitcoin” replacing “Satoshi” would one day get people saying bits
The logic is sound
I try to teach Satoshi math and the decimals are confusing
With dollar parity. 1000 Satoshi’s is around $10 USD - 100 is $1 USD. It’s easier to deal with the decimal.
Curious to see where this BIP goes
We’ll be watching @profstonge
Today, I submitted a new BIP proposal for public review:
Redefinition of the Bitcoin Unit to the Base Denomination
Abstract
This BIP proposes redefining the commonly recognized "bitcoin" unit so that what was previously known as the smallest indivisible unit becomes the primary reference unit. Under this proposal, one bitcoin is defined as that smallest unit, eliminating the need for decimal places. By making the integral unit the standard measure, this BIP aims to simplify user comprehension, reduce confusion, and align on-chain values directly with their displayed representation.
Motivation
The current convention defines one BTC as 100,000,000 of the smallest indivisible units. This representation requires dealing with eight decimal places, which can be confusing and foster the misconception that bitcoin is inherently decimal-based. In reality, Bitcoin’s ledger represents values as integers of a smallest unit, and the decimal point is merely a human-imposed abstraction.
By redefining the smallest unit as "one bitcoin," this BIP aligns user perception with the protocol’s true nature. It reduces cognitive overhead, ensures users understand Bitcoin as counting discrete units, and ultimately improves educational clarity and user experience.
Specification
Redefinition of the Unit:
Internally, the smallest indivisible unit remains unchanged.
Historically, 1 BTC = 100,000,000 base units. Under this proposal, "1 bitcoin" equals that smallest unit.
What was previously referred to as "1 BTC" now corresponds to 100 million bitcoins under the new definition.
Terminology:
The informal terms "satoshi" or "sat" are deprecated.
All references, interfaces, and documentation SHOULD refer to the base integer unit simply as "bitcoin."
Display and Formatting:
Applications SHOULD present values as whole integers without decimals.
Example:
Old display: 0.00010000 BTC
New display: 10000 BTC (or ₿10000)
Conversion:
Ledger and consensus rules remain unchanged.
Implementations adopting this standard MUST multiply previously displayed BTC amounts by 100,000,000 to determine the new integer representation.
Rationale
Usability:
Integer-only displays simplify mental arithmetic and reduce potential confusion or user error.
Protocol Alignment:
The Bitcoin protocol inherently counts discrete units. Removing the artificial decimal format aligns user perception with Bitcoin’s actual integral design.
Educational Clarity:
Presenting integers ensures newcomers do not mistakenly assume that Bitcoin’s nature is decimal-based. It conveys Bitcoin’s true design from the start.
Future-Proofing:
Adopting the smallest unit as the primary measure ensures a consistent standard that can scale smoothly as Bitcoin adoption grows.
Addressing Alternative Approaches
Refuting the "Bits" Proposal (BIP 176)
An alternative suggestion (BIP 176) proposes using "bits" to represent one-millionth of a bitcoin (100 satoshis). While this reduces the number of decimal places in certain contexts, it fails to fully address the core issues our BIP aims to solve:
Persistent Decimal Mindset:
Using "bits" still retains a layered decimal approach, requiring users to think in terms of multiple denominations (BTC and bits). This shifts complexity rather than eliminating it.
Inconsistent User Experience:
Users must learn to toggle between BTC for large amounts and bits for small amounts. Instead of providing a unified view of value, it fragments the user experience.
Incomplete Alignment with the Protocol’s Nature:
The "bits" proposal does not realign the displayed value with the integral nature of Bitcoin’s ledger. It continues to rely on fractional units, masking the fundamental integer-based accounting that Bitcoin employs.
Not Permanently Future-Proof:
Though "bits" may simplify certain price ranges, future circumstances could demand additional denominations or scaling adjustments. Our integral approach resolves this problem entirely by making the smallest unit the standard measure, avoiding future fragmentation.
In essence, while BIP 176 attempts to simplify small amount representations, it only replaces one decimal representation with another. By redefining "bitcoin" as the smallest indivisible unit, this BIP eliminates reliance on decimal fractions and separate denominations entirely, offering a clearer, more intuitive, and ultimately more durable solution.
Backward Compatibility
No consensus rules are altered, and on-chain data remains unchanged. Differences arise solely in display formats:
For Developers:
Update GUIs, APIs, and documentation to present values as integers. Remove references to fractional BTC.
For Users:
The actual value of holdings does not change. Transitional measures, such as dual displays or explanatory tooltips, can ease the adjustment period.
Security Considerations
A short-term risk of confusion exists as users adapt to the new representation. Users accustomed to decimals may misinterpret initial displays. To mitigate this:
Offer dual displays and tooltips during the transition.
Provide clear educational materials and coordinated messaging.
Use alerts or confirmations in applications if input values appear unexpectedly large or small.
Over time, confusion will subside, leaving a simpler, more intuitive understanding of Bitcoin’s integral values.
Reference Implementation
Some wallets, such as Bitkit, have successfully adopted integer-only displays, demonstrating the feasibility of this approach. Transitional features—like showing both old and new formats side-by-side—can help smooth the transition.
Test Vectors
Old: 1.00000000 BTC → New: 100000000 BTC (or ₿100000000)
Old: 0.00010000 BTC → New: 10000 BTC (or ₿10000)
Old: 0.00500000 BTC → New: 500000 BTC (or ₿500000)
All formerly fractional representations now directly correspond to whole-number multiples of the smallest unit.
Implementation Timeline
Phase 1 (3-6 months): Introduce the concept, provide dual displays and educational materials.
Phase 2 (6-12 months): Prominent services adopt integer-only displays by default.
Phase 3 (12+ months): Integer representation becomes standard. Documentation and user guides no longer reference decimal-based formats.
Conclusion
Redefining the "bitcoin" unit as the smallest indivisible unit and removing decimal-based representations simplifies comprehension and aligns displayed values with the protocol’s integral accounting. While a transition period may be necessary, the long-term benefits include clearer communication, reduced confusion, and a more accurate understanding of Bitcoin’s fundamental design.
Copyright
This BIP is licensed under CC0-1.0.
https://t.co/EOESxFmkFa
This post is Satoshi Advanced strategies - TLDR 👇
Beginners in USA - get your @Strike wallet installed not available in 🇸🇻 so….
El Salvador moms - use @blinkbtc and @walletofsatoshi
get both - they are free (not available in the USA) having these two wallets at the same time is an El Salvador Bitcoin advantage
Entering El Salvador costs $12 and you can pay with bitcoin or USD
If you want to stay
- get your police history apostilled - that was about $40
Hiring an attorney to help with residency paperwork - that was more sats - close to $1,000
But worth it
Pale skin / want to get rid of sunburning?
@DrJackKruse will teach you about building a solar callous and why it’s important for longevity and optimal wellbeing
Plus he loves Bitcoin so it’s clear his mind functions properly
Are there any other pale skinned people out there with stories about testing out more exposure to sunlight while quitting sunscreen and sunglasses?
I'm a redhead who's two months into it now, and so far so good.
Doesn't get burned as easily anymore, even have a slight tan.
getting started with Nostr
why... because bitcoin is freedom money
nostr is freedom of speech
so it seems... I look forward to learning Nostr with you ⚡️