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@ Juwain
2025-05-20 15:05:32
Jack Dorsey Backs Plan to Rebrand Sats to ‘Bits’
"Twitter and Block Inc. founder Jack Dorsey has publicly voiced his support for a proposal to rename Bitcoin's smallest unit from "satoshis” or “sats” to "bits" or simply "bitcoin" as the base unit.
The proposal, known as BIP 177, was introduced by Synonym CEO John Carvalho, and would redefine one satoshi as one "bitcoin" (or "bit"), so what is currently 1 BTC (100,000,000 sats) would become 100,000,000 bitcoins (bits).
Dorsey, a prominent bitcoin advocate, argued that the term "sats" was confusing for new users and created a psychological barrier to Bitcoin adoption.
His support is part of a broader debate in the Bitcoin community, with some prominent figures agreeing that the change could help mainstream adoption, while others warn it may cause confusion or technical errors, especially without coordinated adoption.
“I think renaming the base unit is just plain stupid and totally pointless,” said one Bitcointalk forum participant. “Is there some problem or issue that it would solve? No.”
Implementing BIP 177 would require coordinated changes involving wallets, exchanges, merchants, and data providers.
Bitcoin's decentralized governance means that major changes require broad agreement among miners, developers, node operators, and users ― an especially challenging task for a non-critical change."
Source: Unchained Daily at https://unchainedcrypto.beehiiv.com/p/circle-eyes-sale-to-coinbase-or-ripple-amid-ipo-plans-f44d8d2177814c37