Jimmy Song Criticizes BTC 2024 Speakers for Deviating from Bitcoin's Core Values

A proposal to change the basic unit of Bitcoin has once again sparked the "Sats" vs. "bits" debate. On April 23, Bitcoin developer John Carvalho proposed Bitcoin Improvement Proposal 177, which aims to eliminate satoshis as the basic unit of Bitcoin and divide the 21 million Bitcoin into 21 quadrillion units. Previously, in 2017, developer Jimmy Song proposed creating "bits" to represent one millionth of a Bitcoin. Carvalho believes that this solution did not eliminate complexity. Block CEO Jack Dorsey and others support the change. In an X post on May 18, he stated that satoshis or sats are too confusing for beginners. Swan Bitcoin CEO Cory Klippsten and others oppose the change, saying that people can understand satoshis in Bitcoin, just like understanding cents in the dollar. In addition, Bitcoin founder Satoshi Nakamoto once stated that the unit display method could be changed. Since the Taproot upgrade in November 2021, the Bitcoin network has not implemented any new improvement proposals.

Honored to have #Bitcoin legend @jimmysong visit the Xapo Bank booth at #Bitcoin2024! His insights and expertise are truly inspiring. We're committed to pioneering Bitcoin-enabled banking for a brighter financial future.#XapoBank #JimmySong https://t.co/jkGA3PpTtP

Bitcoin core developers criticize the involvement of financial institutions and governments in the BTC movement.

We are happy to have sponsored @Unconfiscatable 2023. Amazing job @ToneVays and Mel @girls_bitcoin for putting on yet another high quality #Bitcoin conference and thank you for giving us the opportunity to talk about OCEAN. In case you missed it, our very own Bitcoin Mechanic @GrassFedBitcoin discusses what OCEAN is all about with @JimmySong and Nico @BITVOLT7 https://t.co/6NE6TPUXdF