🔄 [Analysis] Satoshi as the base unit – Melik Manukyan

BlockworksOct 1, 2018 ⋅ 1 min read

It is becoming more and more clear that the path forward is to adopt the Satoshi as the base unit and use SI prefix denominations. Humans are not well adapted to think nor work in terms of decimals, and neither are computers (precision or rounding errors) for that matter. Therefore, it is wise to adopt an integer as the base unit. We aim towards the most suitable and appropriate denomination, but the base unit does not change. The base unit provides us with a common reference point. The SI system helps us scale up or down. In digital information and computer systems, the base units are always the smallest unit. The Satoshi (0.00000001) is the smallest unit per the Bitcoin base-layer protocol consensus rules and it makes sense to adopt it as our base unit and begin ‘thinking’ in terms of Satoshis and nothing else.

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