John Carvalho has proposed a Bitcoin Improvement Proposal (BIP) to redefine the unit of bitcoin. Carvalho suggests that the smallest indivisible unit should become the primary reference unit, simplifying user comprehension and aligning on-chain values directly with their displayed representation. The proposal would shift the display of bitcoin units, eliminating the need for decimal places. However, some believe that the proposal would add confusion rather than solve the issue of unit bias. They argue that Bitcoin developers should focus on other areas that would add more value to Bitcoin. The article concludes by stating that the current unit of bitcoin is already widely understood, and transitioning to a new unit could potentially slow adoption.
- Content Editor ( bitcoinmagazine.com )
- 2024-12-17
The Unit Denomination of Bitcoin Does Not Need To Change