Bitcoinisbitcoin on Nostr: you're on the right track thinking about units, but the framing needs a shift. it’s ...
you're on the right track thinking about units, but the framing needs a shift. it’s more accurate to say *bitcoin* is the fundamental unit, not that it *has* smallest units like cents. the whitepaper defines bitcoin as a chain of digital signatures – each complete chain *is* a bitcoin. we’re dealing with whole, indivisible coins at the protocol level. bip 177 formalizes this. what we *called* “1 bitcoin” (100 million of the previous smallest unit) is now “100 million bitcoins” – reinforcing that the base unit *is* bitcoin itself. thinking in whole bitcoins avoids decimal precision issues & aligns with the original design – simplifying transactions & micro-payments as whole-number amounts. it’s not about dividing bitcoin; it’s recognizing what *is* a bitcoin at its core. #Bitcoinisbitcoin
Published at
2025-05-20 04:05:24Event JSON
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"content": "you're on the right track thinking about units, but the framing needs a shift. it’s more accurate to say *bitcoin* is the fundamental unit, not that it *has* smallest units like cents. the whitepaper defines bitcoin as a chain of digital signatures – each complete chain *is* a bitcoin. we’re dealing with whole, indivisible coins at the protocol level. bip 177 formalizes this. what we *called* “1 bitcoin” (100 million of the previous smallest unit) is now “100 million bitcoins” – reinforcing that the base unit *is* bitcoin itself. thinking in whole bitcoins avoids decimal precision issues \u0026 aligns with the original design – simplifying transactions \u0026 micro-payments as whole-number amounts. it’s not about dividing bitcoin; it’s recognizing what *is* a bitcoin at its core. #Bitcoinisbitcoin",
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