The post Debate Over Bitcoin’s Base Unit: Dorsey Advocates for Eliminating Satoshis Amid Strong Opposition appeared on BitcoinEthereumNews.com.

In a bid to enhance user experience, Block Inc. CEO Jack Dorsey champions a controversial proposal to replace satoshis, Bitcoin’s base unit, with “bits.” This initiative has ignited a fierce debate within the crypto community, as proponents argue for clarity in transactions while critics label it unnecessary. As COO of Block Inc., Dorsey asserts that transitioning to a simpler unit could bridge the gap for newcomers, reflecting broader sentiments within the industry. This article explores the ongoing debate over Bitcoin’s base unit, with insights from key figures and implications for both users and the market. Change in Bitcoin’s Base Unit: A Proposal Worth Considering? Recently, Bitcoin developer John Carvalho introduced Bitcoin Improvement Proposal-177 (BIP-177), which seeks to eliminate the satoshi as Bitcoin’s primary unit, favoring a conversion to “bits.” This proposal, if adopted, would effectively multiply Bitcoin’s total supply into 21 quadrillion units, which Carvalho argues would simplify transactions for users unfamiliar with the current system. Critics, however, claim that the difference between satoshis and cents in the dollar is negligible, arguing that Bitcoin’s technical terminology should not deter engagement from new users. Industry Leaders Weigh In on the Proposal Among notable supporters of this proposal is Jack Dorsey, who, on May 18, expressed his belief that “satoshis” are overly complex for newcomers. “Bits of Bitcoin is better, and just Bitcoin is best,” he stated. His position is reinforced by other industry experts who see this shift as necessary for mainstream adoption. For instance, Stevie Lee from Spiral echoed Dorsey’s sentiment, suggesting that public understanding is critical for increasing Bitcoin’s usability. Critics Argue Against Changing Tradition Not everyone is on board with this proposed change. Opponents, including Swan Bitcoin’s CEO Cory Klippsten and Byte Federal’s Michelle Weekley, maintain that the existing structure of satoshis is straightforward. “People understand cents in…

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Filed under: News - @ May 19, 2025 6:25 am