New Bitcoin Proposal BIP-177 Could Kill the 'Satoshi' Forever.
BIP-177 was proposed by John Carvalho.
1. Finish terms like "satoshi" and "sat"
2. Introduce “bitcoin” (lower case) as the name of the new base unit.
3. 1 BTC = 100,000,000 bitcoins (formerly sats)
4. BIP-177 proposes redefining Bitcoin's unit by treating the base unit (formerly called “satoshi”) as 1 bitcoin, eliminating decimals.
5. The currency code BTC remains unchanged, meaning 1 BTC still equals 100,000,000 bitcoins under the new naming.
6. Advocates like Jack Dorsey support the shift for improved clarity, usability, and educational alignment with BTC's integral structure.
7. Elimination of the tithe point for Bitcoin calculations, may be considered by the Bitcoin community.
8. Using lowercase (bitcoin) to replace "Satoshi" would be even more confusing..
9. The use of Satoshi is a tribute to the creators of BITCOIN and should be preserved. It is a history of the glory of crypto startups.
BIP-177 was proposed by John Carvalho.
1. Finish terms like "satoshi" and "sat"
2. Introduce “bitcoin” (lower case) as the name of the new base unit.
3. 1 BTC = 100,000,000 bitcoins (formerly sats)
4. BIP-177 proposes redefining Bitcoin's unit by treating the base unit (formerly called “satoshi”) as 1 bitcoin, eliminating decimals.
5. The currency code BTC remains unchanged, meaning 1 BTC still equals 100,000,000 bitcoins under the new naming.
6. Advocates like Jack Dorsey support the shift for improved clarity, usability, and educational alignment with BTC's integral structure.
7. Elimination of the tithe point for Bitcoin calculations, may be considered by the Bitcoin community.
8. Using lowercase (bitcoin) to replace "Satoshi" would be even more confusing..
9. The use of Satoshi is a tribute to the creators of BITCOIN and should be preserved. It is a history of the glory of crypto startups.
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