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.
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It's incredibly stupid and destructive, and I have a hard time believing that otherwise smart and well-meaning people are pushing for it.
> “21 million” comes first, and after our brains have been sufficiently infected by the idea, we’ll run the software that brings the 21 million into existence.
https://dergigi.com/2023/03/21/bitcoin-s-meme-wars/
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I’m not for this change but I think people are completely blowing out of proportion the consequences of this change. My guess is it would be a nothingburger after about a week of chaos