That's just stupid.

So to the casual observer the price of a bitcoin would suddenly fall from ~$100k to 0.1 cents lol. Doesn't exactly sound like a good idea.


And the whole thing would be very confusing. Everyone who knows about Bitcoin understands there are 21 million bitcoin and each bitcoin is 100 million Sats. That's not a difficult concept, literally just explained it in one sentence haha. The idea that this is too confusing for people to understand and after 16 years the entire naming scheme of Bitcoin should be changed, and that "BTC" units would be different than "bitcoin" units...that's all just terribly confusing for no good reason.

This is really a bizarre proposal. And like...the protocol wouldn't change at all right? This would just be a UX change in bitcoin applications right? So how would you even enforce this? It would just lead to a state in which some applications/exchanges/websites make the change and a bitcoin is a Satoshi while others would stick to the original format where a bitcoin is 100 million Satoshis.

lol whoever came up with this idea is literally just trying to cause chaos and confusion and hurt Bitcoin's perception.


Also strangely, I just heard about this by reading an article on CMC about it before coming here and seeing this thread, but the CMC article said it was something completely different lol - it said the proposal was to get rid of Satoshis entirely and make the base unit 1 million bitcoins instead of 100 million Satoshis. So already people are confused about what the proposal even is, I can't imagine the confusion if parts of the Bitcoin ecosystem actually decided to implement this nonsense.