The proposal of redefining smart units has sparked controversy in the Bitcoin community

PANews|Apr 27, 2025 00:20
According to Crypto Briefing, while the Bitcoin community is busy optimizing user experience, launching custody schemes, lobbying for regulation, and wooing institutions, core developer and Synonym CEO John Carvalho has come up with a simpler plan: to abolish "satoshi" units and remove decimal points to lower the cognitive threshold for beginners. In the BIP proposal of December 2024, he advocated defining the 100 million "congs" split from one Bitcoin as "Bitcoin" directly, for example, transactions currently displayed as 0.00010000 BTC will be displayed as 10000 BTC in the new system, completely reshaping the measurement standard of "Bitcoin millionaire".
This move quickly sparked controversy. Opponents jokingly use the "pizza theory": if each slice of pizza is called a "whole serving", ordering eight servings at once is necessary to meet demand, implying the absurdity brought about by the expansion of units. More community members are concerned that if the total quantity is "inflated" from 21 million to 2.1 billion, it will shake the core foundation of the scarcity narrative of Bitcoin. However, Carvalho's proposal may be quietly gaining momentum. On April 25th, he posted on X platform, saying, "Although still in the minority, more and more people are beginning to accept the idea of calling the smallest unit of Bitcoin 'Bitcoin' and canceling the decimal point
Share To
HotFlash
APP
X
Telegram
CopyLink