Block Inc. CEO Jack Dorsey sparked a heated debate in the crypto community by supporting the idea of abandoning the term 'satoshi' in favor of simply calling the minimum unit 'bitcoin'. He stated this on May 18, 2025, on the social media platform X, commenting on a post by a user
@grubles
.
The proposal outlined in BIP 177 by developer John Carvalho suggests the elimination of the fractional format (eight decimal places) and a rethinking of the accounting units, which will simplify the perception of Bitcoin for newcomers.
Dorsey emphasized that the term 'satoshi' confuses new users, and the simple name 'bitcoin' will make the cryptocurrency more accessible. However, critics, including Cory Klippsten and Magdalena Gronowska, warn of potential chaos: the change could create the impression that the supply of bitcoin has increased to 2.1 quadrillion units, while the price has collapsed.
Technically, the blockchain will remain unchanged, but wallet and exchange interfaces will need updating. The discussion highlights Dorsey's ambition to make bitcoin a fully-fledged currency. Stay tuned for crypto market news! Subscribe to #MiningUpdates
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