28-4-2025 – Synonym’s Chief Executive John Carvalho has put forth a novel proposition regarding Bitcoin’s fundamental unit structure.
At the heart of Carvalho’s Bitcoin Improvement Proposal lies a radical reimagining of the satoshi – Bitcoin’s smallest denomination. The innovative approach suggests elevating the satoshi to become the primary unit of measurement, effectively doing away with decimal points in transactions.
“The notion of referring to Bitcoin’s smallest unit as ‘Bitcoin’ itself, whilst eliminating decimal points, is gradually gaining traction, albeit amongst a modest segment of the community,” Carvalho observes.
Industry experts, including prominent figure Stephan Livera, have weighed in on the broader implications for Bitcoin’s market dynamics. The proposal has sparked a fascinating divide within the community, with supporters lauding its potential to enhance user experience, whilst critics express concerns about its impact on Bitcoin’s established scarcity narrative.
It’s 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.
— John Carvalho (@BitcoinErrorLog) April 25, 2025
Bitcoin Error Log has highlighted particular challenges in cryptocurrency transactions that this proposal might address. However, the suggestion has yet to trigger any substantial market movements or attract significant attention from major exchanges or regulatory bodies.
Historical precedents suggest that such proposals, whilst generating considerable debate, rarely result in dramatic market shifts. The ongoing discourse reflects a deeper tension between modernising user accessibility and maintaining Bitcoin’s traditional value proposition.
The cryptocurrency community’s mixed response underscores a broader dialogue about the evolution of digital currency interfaces, although no concrete changes have materialised among key industry stakeholders or regulatory authorities. As discussions continue, the focus remains on balancing improved user experience with Bitcoin’s fundamental principles of scarcity and value.