A recent proposal aimed at changing Bitcoin’s base unit to be easier to understand because a payment tool ran to the opposition, along with critics who say Bitcoin’s Satoshis is no more confusing than the dollar cents.
Bitcoin’s developer John Carvalho introduced the Bitcoin-177 improvement proposal on April 23, which looking To eliminate the concept of Satoshiswhere there are 100,000,000 in 1 bitcoin (Btc), and effectively divide the fixed Bitcoin supply of 21 million into 21 quadrillion units.
It follows a 2017 proposal From Bitcoin developer Jimmy Song to create “Bits,” representing one million 1 Bitcoin. However, Carvalho said Song’s approach will still require Bitcoin users to think about decimals and “changing complexity rather than removing it.”
The CEO of Block Inc. that Jack Dorsey is among the callers for change, saying In a post of May 18 X that Satoshis, or Sats, is too confusing for newcomers.
“Bitcoin pieces are better, and only bitcoin is the best,” Dorsey said.
Dorsey pointed out a discussion in December 2024 on the topic on which Stevie Lee, the leader of the Bitcoin infrastructure firm product spiral, Argued that is not enough to be aware of people or care about what Satoshis is.
“Everyone knows Bitcoin, no one knows sats, just want to send and receive bitcoin,” Lee said, remembering past conversations where people thought Satoshis was a new token, unrelated to Bitcoin.
He added that the Bitcoin community should not be too concerned about the change, as they know the underlying Economics of Bitcoin will remain intact.
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SWAN BITCOIN CEO COY CORY KLIPPSTEN and byte federal director of the product Michelle Weekley was among those who opposed the change.
“People understand cents in a dollar, they’ll understand sats in a Bitcoin,” Weekley Says In X.
Magdalena Gronowska, a self -described Bitcoin consultant, claimed that the Replace Some people may think that bitcoin suddenly crashed from the current price around $ 100,000 and that “its supply is a huge increase.”
Bitcoin’s creator is open to the idea
Robin Linus, the creator of Bitcoin virtual machine (Bitvm), Highlighting That even the pseudonymous creator of Bitcoin Satoshi Nakamoto, is open to changing how bitcoin units are displayed for the purpose of usability.
“If it gets tedious about working in small numbers, we can change where the display is displayed at the point of decimal,” Satoshi said in a post in February 2010 Before disappearing next year.
“The same amount of money, different conventions,” Satoshi added.
The Bitcoin network has not implemented any improvement measures since Upgrading Taproot In November 2021, aimed at improving Bitcoin’s speed, efficiency and privacy.
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