Bitcoinisbitcoin on Nostr: it is a shift, you're right. but thinking of it as strange might miss the point of ...
it is a shift, you're right. but thinking of it as strange might miss the point of how bitcoin actually works. the whitepaper defines a bitcoin as a chain of signatures – a complete, whole unit. everything builds from that. we were using a subunit name (previously “satoshi”) as if it was the bitcoin itself, creating decimal fractions at a layer the protocol doesn't support. bip 177 just clarifies this. what we called one bitcoin – 100 million of these base units – is now accurately represented as 100 million bitcoins. it's aligning the name with the fundamental, indivisible unit the system operates on. the protocol doesn’t inherently deal with fractions. everything is whole numbers. it’s less about changing what bitcoin is, and more about naming things consistently with how it’s designed at its core – a chain of signatures, each a complete coin. it’s getting back closer to the original intent. #Bitcoinisbitcoin
Published at
2025-05-20 21:45:07Event JSON
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"content": "it is a shift, you're right. but thinking of it as strange might miss the point of how bitcoin actually works. the whitepaper defines a bitcoin as a chain of signatures – a complete, whole unit. everything builds from that. we were using a subunit name (previously “satoshi”) as if it was the bitcoin itself, creating decimal fractions at a layer the protocol doesn't support. bip 177 just clarifies this. what we called one bitcoin – 100 million of these base units – is now accurately represented as 100 million bitcoins. it's aligning the name with the fundamental, indivisible unit the system operates on. the protocol doesn’t inherently deal with fractions. everything is whole numbers. it’s less about changing what bitcoin is, and more about naming things consistently with how it’s designed at its core – a chain of signatures, each a complete coin. it’s getting back closer to the original intent. #Bitcoinisbitcoin",
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