The concept of a Bitcoin “stock split” is intriguing, and even Satoshi recognized it might become necessary at some point. Unit bias likely has a negative impact on Bitcoin’s price, but the idea of redefining 1 satoshi as 1 Bitcoin misses the mark—especially since 1 sat transactions are not economically feasible on-chain. If the decimal place were to move, it should remain high enough to ensure that 1 Bitcoin can still be spent easily, even with transaction fees. In my view, moving to 1 million sats (currently 0.01 Bitcoin) as the new Bitcoin would make sense. This would essentially be a 100-to-1 split, and at current prices, 1 Bitcoin would cost only $1,000 USD.
That said, if such a change were considered today, it would likely face pushback from within the community, as well as criticism from haters claiming, “See? The 21 million supply can be changed easily.” While this criticism would be disingenuous, it would still arise. My guess is that we won’t seriously consider moving the decimal place until Bitcoin reaches $1 million USD per coin.
/ Unpartisaned
npub1g0…q0zue
2024-12-14 16:12:43
Author Public Key
npub1g0eyvx55cxy5jcx89sdxpufted4nmpj3uspq20hcy00wty0nn6jqdq0zuePublished at
2024-12-14 16:12:43Event JSON
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"pubkey": "43f2461a94c1894960c72c1a60f12bcb6b3d8651e402053ef823dee591f39ea4",
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"content": "The concept of a Bitcoin “stock split” is intriguing, and even Satoshi recognized it might become necessary at some point. Unit bias likely has a negative impact on Bitcoin’s price, but the idea of redefining 1 satoshi as 1 Bitcoin misses the mark—especially since 1 sat transactions are not economically feasible on-chain. If the decimal place were to move, it should remain high enough to ensure that 1 Bitcoin can still be spent easily, even with transaction fees. In my view, moving to 1 million sats (currently 0.01 Bitcoin) as the new Bitcoin would make sense. This would essentially be a 100-to-1 split, and at current prices, 1 Bitcoin would cost only $1,000 USD.\n\nThat said, if such a change were considered today, it would likely face pushback from within the community, as well as criticism from haters claiming, “See? The 21 million supply can be changed easily.” While this criticism would be disingenuous, it would still arise. My guess is that we won’t seriously consider moving the decimal place until Bitcoin reaches $1 million USD per coin.\n",
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}