Jack Dorsey Fights Against Sats, Supports Controversial Changes for Bitcoin – Crypto News Bitcoin News
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3 Articles
Jack Dorsey Fights Against Sats, Supports Controversial Changes for Bitcoin – Crypto News Bitcoin News
Block co-founder Jack Dorsey has argued for making bitcoin transactions easier to follow and finalize, shedding the name of the smallest bitcoin unit, sats, and referring to them simply as bitcoin. This change, focused on retail, was proposed in BIP 177, presented by bitcoin proponent John Carvalho. Block’s Jack Dorsey Advocates for BIP 177, Shedding […]
New Bitcoin Proposal BIP-177 Could Kill The 'Satoshi' Forever
Key Takeaways: BIP-177 proposes redefining Bitcoin’s unit by treating the base unit (formerly called “satoshi”) as 1 bitcoin, eliminating decimals. The currency code BTC remains unchanged, meaning 1 BTC still equals 100,000,000 bitcoins under the new naming. Advocates like Jack Dorsey support the shift for improved clarity, usability, and educational alignment with BTCs integral structure. The Bitcoin community stands at a turning point in both…
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