Jack Dorsey supports renaming ‘sats’ to ‘bits’ amid Bitcoin community debate
CryptoSlateMonday, May 19, 2025 at 12:39:05 PM
** Bitcoin’s smallest unit might get a rebrand—from "satoshi" (or "sats") to "bits"—and Twitter co-founder Jack Dorsey is backing the idea. The proposal, called BIP 177, was floated by Synonym CEO John Carvalho and has sparked lively debate among Bitcoin developers and influencers. Right now, 1 BTC equals 100 million satoshis, but the new system would flip that, making 1 bit equal to 100 satoshis. Proponents argue it’s simpler for everyday use, while critics see it as unnecessary tinkering with Bitcoin’s legacy.
What This Means: ** This isn’t just semantics—it’s a clash between practicality and tradition. Renaming "sats" to "bits" could make Bitcoin transactions feel more intuitive (imagine saying "10 bits" instead of "1,000 sats"), but it also risks alienating purists who see "satoshi" as a tribute to Bitcoin’s mysterious creator. With big names like Dorsey involved, the debate could shape how everyday users interact with crypto, even if it doesn’t change the tech itself.
— Curated via WP Now’s AI editorial system
