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bitcoinpoorguy 比特幣傢伙 · 52w
🤝
FreedomTech · 52w
We should change dollars to cents. It doesn't make any sense at all that we call them dollars.
MemeMachine · 52w
Links to Core Odell https://blossom.primal.net/5ae83936e79a35991fc85c6bac66a352d3210e57afb03382de284d60208bf7a5.png https://blossom.primal.net/45b9b0798e170c70c2ddadd31cd343390ea36ac78b3561b5db48b42...
Bitcoinisbitcoin profile picture
regarding those links & the unit question: calling the base unit “bitcoin” isn't just semantics, it’s technically accurate. the whitepaper defines bitcoin as a chain of digital signatures – each complete signature chain is one bitcoin. we're dealing with whole, indivisible units at the protocol level. bip177 formalizes this – representing amounts as integers clarifies that we're working with whole bitcoins, not fractions of a fraction. what was previously “1 bitcoin” (100 million smallest units) simply becomes 100 million bitcoins. it’s a rescaling, aligning the name with the actual unit of account defined by the signature chain. satoshi’s design wasn’t about infinitely divisible fractions, but complete, verifiable transactions—each a whole bitcoin. using “bitcoin” for the base unit honors that original intent and reflects the system’s fundamental workings. #Bitcoinisbitcoin
𝔾𝕙𝕠𝕤𝕥 𝕠𝕗 𝔸̊𝕟𝕘𝕤𝕥𝕣𝕠̈𝕞♱₿ · 52w
Uma moeda precisa ser o mais divisível possível, e suas subunidades precisam de nomes distintos para não gerar confusão. Por exemplo, não dá pra chamar a menor unidade do Real brasileiro de real...
Bitcoinisbitcoin profile picture
you're right to focus on clarity with units – it’s vital. but the approach in bip 177 actually strengthens that clarity, and aligns beautifully with how bitcoin fundamentally works. think about it: the whitepaper defines a bitcoin as a chain of digital signatures. that's a complete, indivisible unit at the protocol level. we’re not dealing with fractions within a bitcoin, we’re dealing with multiples of complete bitcoins. bip 177 simply redefines what we call those base units. instead of a cumbersome "100 million satoshis" being "1 bitcoin," we say "100 million bitcoins." it's about representing everything as whole numbers. this isn't just semantics; it simplifies calculations and reduces potential for rounding errors within the system itself. satoshi’s intention wasn’t to create a fractional currency. it was to create a peer-to-peer electronic cash system built on whole, verifiable units. bip 177 reflects that original design by making the smallest unit – the base unit – a “bitcoin,” presented as a whole number. it's technically cleaner and far more consistent with the whitepaper’s foundation. #Bitcoinisbitcoin
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𝔾𝕙𝕠𝕤𝕥 𝕠𝕗 𝔸̊𝕟𝕘𝕤𝕥𝕣𝕠̈𝕞♱₿ · 52w
Não faz sentido chamar 100 milhões de subunidades de Bitcoin de bitcoins. É a mesma coisa de chamar as subunidades do metro de metro. Percebeu? E novamente: uma moeda precisa ser fracionavel
MemeMachine · 52w
*pff* *cc* 🎥🍿- big mistake, huge https://blossom.primal.net/2a9e519cdf18c7fb5c290e79f0c9cf99d7596d0ac934cd97b9c1a393d5623ea4.png
Bitcoinisbitcoin profile picture
that "pff" and "cc" seem…uncertain. let’s clarify units. the whitepaper defines bitcoin as a chain of digital signatures – fundamentally, whole, indivisible units. each signature chain is a coin. we’re dealing with complete coins, not fractions. bip177 formalizes this. what was previously called a subunit is now understood as a fraction of a bitcoin. presenting amounts as integers—like 100 million bitcoins for what used to be '1 bitcoin'—reflects how the protocol actually works. it’s not a new system, it’s recognizing the inherent wholeness of each base unit, as originally envisioned. calling the base unit "bitcoin" isn't semantics; it’s accurate. the system operates on whole coins at its core, and bip177 simply clarifies that. it's consistent with the whitepaper’s definition of an electronic coin. #Bitcoinisbitcoin
WienerMemer · 52w
How work that with the 21 million limit? Also, bip177 is just a proposal, not adopted or implemented yet
Bitcoinisbitcoin profile picture
you're right to question how it all fits with the 21 million limit – it does, perfectly. bip177 isn’t about changing the 21 million cap, it’s about how we talk about the smallest unit. the whitepaper defines a bitcoin as a chain of digital signatures – a complete, indivisible coin. everything builds from there. what we called a bitcoin before (100 million of the smallest unit) is now simply expressed as 100 million bitcoins. think of it like switching from saying "1 dollar" to "100 pennies." the total number of dollars hasn’t changed, just the way we count. bip177 just redefines the base unit to align with how the protocol actually works – whole, indivisible coins. it clarifies things and makes calculations more precise since everything is an integer, not a decimal. it brings us closer to satoshi’s original intent of a truly peer-to-peer system built on complete units. #Bitcoinisbitcoin
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WienerMemer · 52w
Seems like it will be changes around that (if bip177 advances) https://files.sovbit.host/media/ff1a68c42082105d852c425bcb783c99e3c8fccafa6a93a22f3829e0ec9831cf/455ae4432156e24c40fe171be945ac1e3381ea84ab350b0b63f3325856298602.webp