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Bitcoin's Rally Brings Back the Satoshis Debate
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cryptonews.comBitcoin (BTC) in a price discovery mode has reignited discussions over switching to satoshis (sats), the smallest unit of BTC, as the displaying unit for price quotes.
"It is time to start quoting bitcoin/fiat pairs in sats (satoshis) across wallets and exchanges," suggested Digital Currency Group CEO Barry Silbert, asking crypto exchange CEOs what they think.
CoinbaseCEO Brian Armstrong showed support but insisted that they need to "come up with something that doesn't confuse new users."
With bitcoin trading at around USD 63,000, USD 100 worth of the coin will be displayed as 0.00158588 BTC. Hinting at this, Armstrong said purchasing "$100 of Bitcoin is such a tiny fraction already."
Peter Smith, CEO and Co-founder of another major crypto
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