A Bold Proposal for Bitcoin: “Make 1 Satoshi Equal to 1 $BTC”
Bitcoin advocate John Carvalho has introduced a groundbreaking Bitcoin Improvement Proposal (BIP) that seeks to revolutionize how Bitcoin is measured and represented. The proposal suggests making the satoshi—the smallest unit of Bitcoin—the new base unit. This would redefine the current system, where one Bitcoin ($BTC ) equals 100 million satoshis (sats).Under this proposal, the term “one Bitcoin” would no longer refer to the larger unit $BTC we know today. Instead, it would represent the smallest indivisible Bitcoin unit, currently called a satoshi. This change aims to eliminate the need for decimal points in Bitcoin transactions, making values more straightforward and accessible.For instance, a transaction currently displayed as 0.00010000 $BTC would instead appear as 10,000 $BTC under this new structure.Carvalho believes this shift would reduce confusion, align Bitcoin's representation with its technical framework, and improve usability for new adopters. He argues that the decimal point is an unnecessary abstraction and that the proposed structure is already compatible with Bitcoin’s protocol.This is not the first proposal to address Bitcoin’s unit structure. In 2017, prominent developer Jimmy Song suggested BIP 176, which proposed using "bits" as a standard unit to avoid fractional BTC displays for smaller transactions. However, that idea failed to gain traction.Critics caution that such a change could disrupt existing systems, such as wallets and exchanges, and create challenges during the transition. Users accustomed to the current system might also face confusion, increasing the risk of errors in transactions.
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