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76 sats \ 0 replies \ @BitByBit21 14 Dec \ on: John Carvalho proposes BIP renaming sats as bitcoin bitcoin
This is a recipe for confusion. The current system is well-established and understood by most in the community. Changing this would not only disrupt the existing educational framework but also create a misleading perception of Bitcoin's value. People are used to thinking of Bitcoin as a high-value asset, and redefining the smallest unit as "one bitcoin" would make it seem like Bitcoin is worth less than a penny. This could lead to misunderstandings, especially among newcomers, and undermine the clarity that the current terminology provides. Instead of simplifying things, this proposal might just add to the chaos.