Nostr Web Client

Gigi, I’d love to hear your deeper thoughts on what’s happening right now with this push to redefine Bitcoin’s unit—specifically the idea of renaming satoshis as bitcoins and effectively turning 21 million bitcoin into 2.1 quadrillion.

This isn’t just some harmless UI preference—it feels like a deliberate attempt to reshape the language, distort the memes, and destroy the psychological clarity Bitcoin has spent 15 years building.

You’ve written beautifully about the memetic power of Bitcoin before—especially in 21 Lessons. That power comes from the fixed supply, the story, the simplicity. This proposal undermines all of that.

It feels like propaganda. Like a strategic effort to engineer confusion, reset price psychology, and reframe Bitcoin for commercial or institutional convenience. And the consequences could be massive.

If the world wakes up tomorrow and sees that Bitcoin is no longer $105,000—but $0.00105, we’re not “simplifying”—we’re sabotaging.

Would you consider writing a longer piece on this? I think the community needs it now more than ever.

Gigi 7mo ago 💬 7

It's incredibly stupid and destructive, and I have a hard time believing that otherwise smart and well-meaning people are pushing for it. nostr:nevent1qqsfssrjj9u3n44m73fd2r7878z62n497s7y09nuvxuum75p8guk38spr9mhxue69uhhqun9d45h2mfwwpexjmtpdshxuet59upzqmjxss3dld622uu8q25gywum9qtg4w4cv4064jmg20xsac2aam5nqvzqqqqqqyz5t8js

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Discussion

GLACA 7mo ago

I want to read your essay on this. You’re a master of Bitcoin storytelling, and we’re entering the age of narrative manipulation—this needs to be addressed. We’re going to see more and more attempts like this. Bitcoin leaving the $100K station is making people lose their minds.

Blue 7mo ago

nostr:nevent1qqsrx6kq5tu34fzdn3a5yh5su6jmhh3hnqyf99dv7mqkvk7fr3f0sacpz3mhxw309ucnydewxqhrqt338g6rsd3e9upzph7y9zewyxet9g8q5mulpex4f2pwafpt74q4mkn4xd43rjzz0t2rqvzqqqqqqyg979fd

mIX 7mo ago

I don't know who started this, but maybe when the degens don't get their way with pictures on a monetary timechain they start having a tantrum and trying to cause chaos?

btconboard #LNHANCE or #CTV 7mo ago

Right as we might start to be having real consensus around CTV + CSFS these insipid debates about nothing keep popping up. Feels suspicious. If you wanted to bring an open decentralized project to a halt this would be a good way to do it.

Heimdall 7mo ago

Hi, I just finished reading your article!! I really want to sincerely compliment you on your writing!! Truly, well done!

There are some really beautiful reflections in it, worth exploring further—some gave me a new perspective to consider, while others expressed thoughts I already share and recognize as my own…

Thank you, and once again, congratulations. I hope to meet you somewhere along the road someday.

Gigi 7mo ago

Thank you for the kind words. I wrote quite a bit back in the day, so if you enjoyed that one you might like some of my other stuff too. I hope to return to writing one day.

https://dergigi.com/2022/10/02/bitcoin-is-digital-scarcity/

Dave🐸 7mo ago

Jack just wants new quadrillion memes lol