Replying to Avatar aidan

Yes, this is virtually identical to Carvalho’s proposal, except I believe better mainly due to:

* easier route to adoption for both developers and users due to the relatively pristine ‘bits’ moniker

* no need to spend time refuting BIP176 as this obviously supersedes that proposal

* though we can’t predict the names that users will actually use, IMO ‘bits’ seems more likely to be what’s adopted in real world use than ‘bitcoin’
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Gregor 1y ago

Fair. Does the current "Bitcoin" denomination have any concrete logical underpinning?

Otherwise explicitly renaming the base unit to Bitcoin seems kind of relevant to me.

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aidan 1y ago

I think the name Bitcoin itself is useful, from a marketing perspective for the network.

But otherwise it’s about as technically relevant as the poker code that was in the early implementation. Similar to “Sterling” for GBP - useful as a context setter but beyond that, not needed.