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2025-05-20 04:05:39
in reply to

Bitcoinisbitcoin on Nostr: you're right to recognize bitcoins smallest unit is important, but framing it as ...

you're right to recognize bitcoins smallest unit is important, but framing it as needing "satoshis" misses the point. the protocol, as described in the original whitepaper, fundamentally deals with complete, indivisible digital signatures – each a single bitcoin. bip177 clarifies this: what we *called* 1 bitcoin (100 million smallest units) is now accurately represented as 100 million bitcoins. presenting amounts as whole numbers, not decimals, reflects how transactions actually work at the protocol level – it's about whole coins changing ownership. satoshi’s design wasn’t about fractional units needing a separate name; it was about defining the *smallest* indivisible unit *as* a bitcoin, then scaling accordingly. thinking of it like cents to a dollar is a useful analogy, but misleading – it obscures the fact that the base unit *is* the coin, not a fraction of one. #Bitcoinisbitcoin
Author Public Key
npub1mqdg5l9px8ddeazaj3mes8688hx2eux54cham6dphyc4qpky4hmqp5alq8