Bitcoin: Jack Dorsey defends the Deleci Satoshis!

Bitcoin progress, sometimes stammers, but never stops intrigue. Today Jack Dorsey, what -founder of Block, shaken by a faith engraved in marble for 15 years: Satoshis place. Support for the controversial BIP 177 wants to rename the smallest unit of bitcoins and to abolish the endless decimal decimal forever forever. Objective: Make a crypto payments as instinctive as clicking a smartphone.

Forest Satoshis: Achilles heel or constant tradition?

Pioneers saw in ‘SUCK“The final blink of Satoshi Nakamoto. However, in the daily life of the merchant is a juggling of 0.00004321 BTC more like chemical exercise than adding a cash register. Beginners fall out; sellers sigh. The promise of a simple bitcoin fits into a comma.

Jack Dordey confirms this loudly and clearly: every decimal decimal is an invisible obstacle to adoption. A customer who reads “125,000 SATS” does not know whether it holds an espresso or an electric scooter. This confusion nourishes distrust, especially outside the crypto of the bubble. Dorsey therefore prefers the entire writing: the price displayed in “Bitcoins“The net, even if it means breaking habits.

For an average user, the problem is more psychological than technical. The integer evokes stability; Decimal, volatility. Neutanques understood: readability increases the conversion. Dorsy’s bet is part of this commercial logic: if Bitcoin wants to become a pocket currency, he must speak the language of pockets.

BIP 177: A simple discount that shakes the bitcoin ecosystem

Bip 177, written by John Carvalho, offers a bold hand: call “bitcoin” what is called “Satoshi” today, and leave “BTC“It has not changed for old Bitcoins with eight decimal rates. The result: We go from the comma system to the entire display. Technically, nothing moves; psychologically everything changes.

Supporters welcome a fraction of the token in the crypto sauce: a nominal explosion that was supposed to release the perception of rare. Instead of buying 0.0001 BTC, the user will receive 10,000 new school bitcoins. More rewarding, more talk: Marketing mechanics are clear. Some even see it as a way to start automatic savings: it is more attractive to accumulate thousands of bitcoins than BTC faction.

But the slingshot is canceled. Purists howl on the Saint Gold. DeleteSUCK“The amount would be to erase part of the story. They also worry about accounting puzzles: how to manage coexistence in two ways to write the same amount? Exchange, wallets and lightning protocols will have to offer a button”To switch ” Switching from the entire display to inherited mode. The transition promises cold sweats, but progress is always disturbed before seduction.

Every unit is calculated in the crypto arena. Jack Dorsy gives a simple idea: if Bitcoin wants to conquer the crowd, he must speak like a crowd. The removal of Satoshis is perhaps just a change in vocabulary, but the words use shape. It remains to find out if the community chooses insolence rather than nostalgia. And also find out whether it buys bitcoins at this stage.

Evans S.

Evariste, fascinated by Bitcoin since 2017, has not stopped documenting on this topic. If his first interest focused on trading, he now tries to actively understand all cryptocurrency progress. As an editor, he tries to permanently provide high quality work that reflects the condition of the sector as a whole.

Renunciation

The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.