{"id":843936,"date":"2025-04-27T09:12:19","date_gmt":"2025-04-27T14:12:19","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/04\/27\/bitcoin-debate-reignited-with-satoshi-unit-redefinition-proposal\/"},"modified":"2025-04-27T09:12:19","modified_gmt":"2025-04-27T14:12:19","slug":"bitcoin-debate-reignited-with-satoshi-unit-redefinition-proposal","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/04\/27\/bitcoin-debate-reignited-with-satoshi-unit-redefinition-proposal\/","title":{"rendered":"Bitcoin debate reignited with satoshi unit redefinition proposal"},"content":{"rendered":"
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\"Bitcoin Bitcoin debate reignited with satoshi unit redefinition proposal<\/span> Christina Comben \u00b7<\/span> 24 hours ago<\/span> \u00b7 2 min read<\/span> <\/span> <\/span> <\/span> <\/span><\/p>\n

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Bitcoin developer John Carvalho proposed redefining Bitcoin\u2019s units by making one satoshi equal to one bitcoin. Four months later, is his idea gaining support?<\/p>\n

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2 min read<\/span><\/p>\n

Updated:<\/span> Apr. 26, 2025 at 2:50 pm UTC<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n

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\"Bitcoin<\/p>\n

Cover art\/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.<\/p>\n<\/div>\n<\/div>\n

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It\u2019s a debate as old as Bitcoin itself: How can the world\u2019s first cryptocurrency achieve true mass adoption? While the Bitcoin community focuses on improving user experience (UX), rolling out custody solutions, battling legislators, and onboarding institutions, core Bitcoin developer and CEO of Synonym<\/a> John Carvalho has proposed a simpler solution: deprecate satoshis and remove the decimals to \u201creduce the cognitive load.\u201d<\/p>\n

Changing satoshi for bitcoin may improve the user experience<\/h2>\n

In a Bitcoin Improvement Proposal (BIP<\/a>) released in December 2024, Carvalho argues that eliminating the term \u2018satoshi\u2019 and removing the decimal points by changing satoshi for bitcoin would have a dual benefit: making Bitcoin easier to understand and removing unit bias, both key to attracting new users.<\/p>\n

Currently, one bitcoin is made up of 100 million tiny pieces called \u201cbase units\u201d or satoshis, which cannot be divided further. Carvalho\u2019s proposal suggests redefining \u201cbitcoin\u201d to refer to this smallest unit. Under this system, what we now call \u201c1 bitcoin\u201d would instead be referred to as \u201c100 million bitcoins.\u201d<\/p>\n

For example, a transaction currently displayed as 0.00010000 BTC would become 10,000 bitcoins in the new system, and 10.23486 BTC would be displayed as 1,023,486,000 bitcoins, redefining the concept of bitcoin millionaires<\/a>.<\/p>\n

Bitcoiners are notoriously resistant to change<\/h2>\n

Bitcoin\u2019s history is filled with contentious debates, from the block size wars to SegWit and the ongoing arguments over NFTs on the blockchain. Unsurprisingly, Carvalho\u2019s proposal has met considerable resistance since its introduction at the end of last year. Podcast host Stephan Livera mocked the idea on X<\/a>, likening it to calling each slice of pizza a whole pizza:<\/p>\n

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\u201cHey, I have this great idea! Instead of one pizza with eight slices, let\u2019s call each slice a pizza. Just make sure when you go to order your pizza, you order eight pizzas now instead of one. Just my two pizzas.\u201d<\/p>\n<\/blockquote>\n

Viral Bits founder Daniel Sempere Pico joked<\/a>:<\/p>\n

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\u201cI love how triggered people get by your proposal,\u201d<\/p>\n<\/blockquote>\n

While other community members voiced concerns about changing the total supply from 21 million to 2.1 quadrillion bitcoins, seeing the original supply as a core principle of Bitcoin\u2019s identity.<\/p>\n

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\u201cPersonally, I\u2019m not interested in changing the supply from 21m to 2.1 quadrillion. In the infinite sea of shitcoins and the unlimited flood of fiat, 21 million bitcoin is a statement, a middle finger to monetary debasement.\u201d<\/p>\n<\/blockquote>\n

Make satoshi bitcoin again<\/h2>\n

There may be a slim chance that Carvalho\u2019s proposal is growing on people, as he posted on X<\/a> on April 25, 2025:<\/p>\n

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\u201cIt\u2019s still a minority, but a lot more people are becoming interested in the idea of calling the base units of Bitcoin bitcoins, and removing the decimal.\u201d<\/p>\n<\/blockquote>\n

Carvalho appears to be on an all-out campaign, borrowing Trump\u2019s MAGA slogan and filling his X page with pictures of well-known figures from the global economic community, including Satoshi, Klaus Schwab, and Ursula von der Leyen donning red caps with the slogan \u201cMake Satoshi Bitcoin Again.\u201d<\/p>\n

Whether the proposal gathers more momentum remains to be seen. But the ongoing debate highlights how even the most minimal of adjustments could make Bitcoin more palatable to the masses.<\/p>\n

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Read More<\/a>
\n Christina Comben<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin debate reignited with satoshi unit redefinition proposal Christina Comben \u00b7 24 hours ago \u00b7 2 min read Bitcoin developer John Carvalho proposed redefining Bitcoin\u2019s units by making one satoshi equal to one bitcoin. Four months later, is his idea gaining support? 2 min read Updated: Apr. 26, 2025 at 2:50 pm UTC Cover art\/illustration<\/p>\n","protected":false},"author":1,"featured_media":843937,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4041,3283],"tags":[],"class_list":{"0":"post-843936","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"category-debate"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/843936","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=843936"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/843936\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/843937"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=843936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=843936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=843936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}