Proposal to redefine satoshis sparks controversy in Bitcoin community

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PANews
04-27
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PANews reported on April 27 that according to Crypto Briefing, while the Bitcoin community is busy optimizing user experience, launching custody solutions, lobbying regulators, and attracting institutions, core developer and Synonym company CEO John Carvalho proposed a simpler solution: abolish the "satoshi" unit and remove the decimal point to lower the cognitive barrier for newcomers. In the BIP proposal for December 2024, he advocates directly defining the 100 million "satoshis" of one Bitcoin as "Bitcoin", for example, a transaction currently displayed as 0.00010000 BTC would be displayed as 10,000 BTC in the new system, completely reshaping the measurement standard of "Bitcoin millionaires".

This move quickly sparked controversy. Opponents jokingly used the "pizza argument": if each pizza slice is called a "whole", ordering would require buying eight portions at once to meet needs, satirizing the absurdity of unit inflation. More community members worry that expanding the total volume from 21 million to 21 billion would shake the core foundation of Bitcoin's scarcity narrative. However, Carvalho's proposal may be quietly gathering momentum. On April 25, he posted on X platform: "Although still a minority, more and more people are beginning to accept the idea of calling Bitcoin's smallest unit 'Bitcoin' and removing the decimal point."

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