Key Takeaways
- Samson Mow proposed a brand new Bitcoin unit known as the ‘Finney’ to signify 1/21 million of provide.
- He highlighted how unit bias inflates altcoin valuations by recalculating them with Bitcoin’s 21M cap.
- The controversy drew consideration to altcoins’ lack of provide caps and Bitcoin’s fastened shortage.
On April 19, 2025, JAN3 CEO Samson Mow proposed introducing a brand new unit of Bitcoin—dubbed the “Finney”—to signify one twenty-one millionth of the overall provide.
The suggestion got here amid a broader dialogue about how buyers understand worth throughout Bitcoin and altcoins, particularly in relation to unit bias.
Unit bias & altcoin valuations
Mow emphasised the psychological distortion attributable to unit bias, which makes altcoins appear cheaper attributable to their excessive provide.
He recalculated altcoin valuations by hypothetically limiting their provide to 21 million cash, the identical cap as Bitcoin.
By this metric, one “alt-Bitcoin” of Ethereum would price $9,200, XRP $5,800, and Solana $3,400.
Mow posted on X:
Most alts reap the benefits of unit bias by using a really excessive provide, so individuals can’t determine what they’re shopping for. Unit bias is totally destroying the uninitiated.
Most alts reap the benefits of unit bias by using a really excessive provide, so individuals cannot determine what they’re shopping for.
“XRP is *solely* $2 however Bitcoin is simply too costly at $85,000!”
Unit bias is totally destroying the uninitiated.#Bitcoin solely.
— Samson Mow (@Excellion) April 19, 2025
He argued for the “Finney” unit—traditionally equal to 10 satoshis—to as a substitute signify 1/21 million of the Bitcoin provide.
Critics responded that “one Bitcoin” already serves that objective.
Others provided humorous options like “Finnaire” and “Finnero,” whereas some, together with Chris Krause, supported the Finney identify as a tribute to early pioneer Hal Finney.
Altcoin critique
Mow’s critique of altcoin valuation additionally resonated broadly.
Swiss Hodler posted:
The alts are price zero. The crypto bros simply don’t realize it but.
Others identified the shortage of laborious provide caps on many altcoins as a basic flaw.