Bitcoin Proposal to Eliminate Decimals – Could This Shake Up Prices?

Bitcoin Cryptocurrency

Ad Disclosure

Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More

Crypto Writer

Arslan Butt

Crypto Writer

Arslan Butt

About Author

Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...

Author Profile

Share

Copied

Ad Disclosure

Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More

Last updated: 

December 15, 2024

Why Trust Cryptonews

Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews

The Bitcoin community is evaluating a proposal that could reshape how its units are measured. Introduced by Bitcoin advocate John Carvalho, the proposal eliminates decimals by redefining 1 BTC as the smallest unit—currently known as 1 Satoshi.

This change would turn what is now 0.00010000 BTC into 10,000 BTCs, fundamentally shifting how Bitcoin’s value is represented.

Carvalho argues that this proposal simplifies Bitcoin’s usage and makes the system easier to understand, particularly for new users. Under the current structure, 1 BTC equals 100 million Satoshis, requiring users to interpret figures with up to eight decimal places.

“The decimal system is a human-imposed abstraction that creates unnecessary confusion,” Carvalho explained.

By eliminating decimals, Bitcoin would align more closely with its underlying protocol, which represents value as integers, not fractions.

Supporters: Simplicity Can Drive Wider Adoption

Proponents see the proposal as a solution to Bitcoin’s “unit bias”—a psychological hurdle where potential investors perceive BTC as expensive due to its large price per coin. By redefining the smallest unit as Bitcoin itself, the currency could become more accessible to smaller investors.

Mauricio Di Bartolomeo, co-founder of Ledn, believes the change would positively influence Bitcoin’s adoption:

• Smaller whole numbers would reduce intimidation for first-time buyers.
• Investors could more easily grasp and communicate BTC values.
• Simplified units would align with rising market demand and price growth.

Joe Nakamoto, another advocate, highlighted that wallets are already shifting toward Satoshi-based displays, signaling that change is inevitable. He noted,

“As Bitcoin’s value climbs, the preference for smaller, whole numbers will become more natural.”

Opposition: Risks to Bitcoin’s Scarcity Narrative

Not everyone agrees with the proposal. Critics like Clara Bitcoin caution that redefining Bitcoin’s units could disrupt its foundational narrative—scarcity. The current 21 million BTC cap is central to Bitcoin’s identity as a scarce asset. Redefining the unit to 21 quadrillion “Bitcoins” risks confusing users and making Bitcoin’s fixed supply less compelling.

“The 21 million limit is critical to Bitcoin’s value. Reframing it in smaller units risks diluting this message,” Clara argued.

Opponents also emphasize that shifting terminology could create inconsistency across educational materials, wallets, and exchanges.

Conclusion: Simplicity vs. Narrative Preservation

Carvalho’s proposal brings forward an essential question: Should Bitcoin prioritize simplicity for broader adoption or preserve its established identity? While proponents see this as a logical step toward usability, critics argue that it risks undermining Bitcoin’s scarcity-driven value.

Key Points:

• The proposal eliminates decimals by redefining 1 BTC as 1 Satoshi.
• Supporters believe it reduces psychological barriers for new investors.
• Critics warn it could weaken Bitcoin’s scarcity narrative and create confusion.

As Bitcoin adoption grows, the community faces a choice—modernize its unit system or maintain the status quo.

Bitcoin (BTC/USD) Eyes $105K; Bullish Momentum and Key Breakout Levels

Bitcoin trades within a bullish ascending channel, sustaining a steady upward trajectory. A key pivot point at $101,044 serves as a near-term support level, with BTC holding above the 50 EMA ($99,964), reinforcing a positive bias.

Immediate resistance lies at $102,617, and a breakout above this level could pave the way toward $103,661 and $105,061. On the downside, immediate support sits at $101,044, followed by $99,964 and $98,474.

Technical indicators highlight bullish momentum: the RSI at 62 signals strength without overbought conditions, while the 50 EMA trends upward, aligning with the channel’s support line.

Conclusion: The ascending channel bolsters bullish continuation prospects, especially above $101,000. A break of $102,600 could accelerate the rally toward higher resistance levels.

Key Insights:

• Bitcoin trades within a bullish channel; immediate resistance at $102,617.
• Key pivot support holds at $101,044, followed by the 50 EMA at $99,964.
• RSI signals upward momentum, supporting further gains toward $105,061.

–

$STARS Presale Raises Over $17.3M – Final Days to Join Before Launch

Crypto All-Stars ($STARS) is transforming staking for meme coin enthusiasts with its groundbreaking MemeVault platform, offering up to 165% APY on popular tokens like $DOGE, $SHIB, and $PEPE. This platform simplifies staking while delivering substantial rewards, attracting strong investor interest ahead of its official launch.

The presale has now surpassed $17.31 million, with just 5 days remaining. Early investors can secure $STARS at the current price of $0.0016782 before the token hits the market.

Key Details for Investors

• Presale Raised: $17,318,138.41 and climbing.
• Staking Rewards: Up to 165% APY for $DOGE, $SHIB, and $PEPE holders.
• Current Price: 1 $STARS = $0.0016782.
• Analyst Projections: Target price of $0.02 in 2024 – an 11x potential increase.
• Verification: SolidProof-audited for investor confidence.

Secure your $STARS tokens before the presale ends and position yourself ahead of the official launch.