Bitcoin Proposal Redefines Units, Making Satoshi the New BTC
The Bitcoin community is reviewing a proposal to eliminate decimals and redefine the top unit of measurement for assets.
The move was intended to enhance user experience and simplify understanding, but has sparked debate among enthusiasts.
Debate heats up over ‘1 Bitcoin = 1 Satoshi’ proposal
Bitcoin advocate John Carvalho has proposed the Bitcoin Improvement Proposal (BIP) to change the way the cryptocurrency is measured. His idea takes the place of the smallest indivisible unit, Satoshi Nakamoto, the term “Bitcoin”.
“The BIP proposes to redefine the universally recognized unit of ‘Bitcoin’ so that what was previously known as the smallest indivisible unit becomes the primary reference unit. Under the proposal, one Bitcoin is defined as the smallest unit, eliminating the need for decimal places,” Carvalho wrote.
Under the plan, one Bitcoin would represent what is currently known as one Bitcoin. Cong. This redefinition will change 0.00010000 BTC to 10,000 Bitcoin.
Carvalho explained that the change is in line with Bitcoin unit of measurement and its underlying protocols, making the system easier to master. Additionally, he noted that reducing reliance on decimals would reduce the cognitive effort required to understand Bitcoin. He believes this clarity will improve education and user experience.
Historically, users have defined 1 Bitcoin as 100 million base units. Carvalho’s proposal redefines this concept by making the smallest unit the main reference. Under the proposed system, 1 BTC becomes 100 million Bitcoins. He emphasized that this shift simplifies Bitcoin communication while maintaining the core principles of the protocol.
“Current convention defines 1 BTC as 100,000,000 smallest indivisible units. This representation requires dealing with eight decimal places, which can be confusing and create the misunderstanding that Bitcoin is inherently decimal-based. In fact, Bitcoin’s ledger represents values as the smallest unit of integers, and the decimal point is just a human-imposed abstraction,” he said.
Carvalho concluded that his proposal offers a number of long-term benefits, including clearer communication, less confusion, and a more accurate understanding of Bitcoin’s fundamental design.
The proposal has divided the crypto community. Some support the change, arguing that it addresses the “unit bias” that makes Bitcoin appear too expensive. In fact, Ledn co-founder Mauricio Di Bartolomeo, believe This shift could help correct that perception and make Bitcoin appear more accessible.
Similarly, Joe Satoshi Nakamoto, another Bitcoin advocate See The proposal was inevitable. He noted that the wallet is already moving towards this change and many users are embracing it. He believes that as Bitcoin value Continuing upward, adopting a simplified system of units will become more natural.
“Wallets are already using Bitcoin and many Bitcoin enthusiasts are advocating for this change. As prices get higher and higher, we will naturally gravitate towards using the term Bitcoin. Sorry if you have already accepted this”sit“I’m sure you’ll be stubborn and try to call it that for as long as possible, but it won’t last because it doesn’t really stick,” Nakamoto said.
However, not everyone agrees. Cryptocurrency influencer Clara Bitcoin has warned that redefining Bitcoin’s units could harm its narrative. She believes that the upper limit of broad understanding 21 million Bitcoins If reinterpreted as 21 quadrillion units, it may lose its meaning. Such a shift could make Bitcoin appear less scarce and more abstract, she said.
“The real benefit BIP points out is that we should spend more time explaining what a sat is because it is the true unit of measurement in the Bitcoin protocol, code and blockchain,” she additional.
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