pull down to refresh

Today 100 sats = 1฿
1808 sats \ 31 comments \ @Bitman 3 Oct 2023 bitcoin
No it's not an April Fool. Look again and you'll see it's the symbol for the Thai Baht (the symbol for Baht (฿) is very similar to the Bitcoin ₿ symbol).
I'd been waiting for weeks to see a nice correlation between the two - and today's the day - one Baht can get you 100 sats.
write
preview
related posts
269 sats \ 1 reply \ @nerd2ninja 3 Oct 2023
Neat factoid. Thanks for sharing
reply
15 sats \ 0 replies \ @Bitman OP 3 Oct 2023
No problem.
I'm hoping I'll catch it again when it gets to 1฿ = 1 sat.
reply
150 sats \ 0 replies \ @southside263 3 Oct 2023
@tip_nz 😎
reply
189 sats \ 7 replies \ @DeltaClimbs 3 Oct 2023
Baht-bit parity! Screw sats
reply
0 sats \ 6 replies \ @Bitman OP 3 Oct 2023
Actually bits are smaller than sats!
reply
10 sats \ 5 replies \ @DeltaClimbs 4 Oct 2023
Nope, 1 bit = 100 sats
1 btc = 1 million sats
Wholecoiner = bit millionaire
Wholecoin ~= $15m (conservative, I know ~= 1 million oz of silver
The "dollar" og definition from 500 years ago is Spanish 1 oz dollar. Bits are Lindy replacement for Spanish dollars.
reply
0 sats \ 1 reply \ @0fje0 4 Oct 2023
1 btc = 1 million sats
Sure?
reply
0 sats \ 0 replies \ @DeltaClimbs 4 Oct 2023
Typo, million bits
reply
0 sats \ 2 replies \ @Bitman OP 4 Oct 2023
Gee, my bad. I'd always thought that if when Bitcoin had to be subdivided further when we need something smaller than a sat (more units than just the regular eight after the decimal point - 0.00000001) that it was called a bit...
Any idea what it would be called - (that is if it has a name)?
reply
10 sats \ 1 reply \ @DeltaClimbs 4 Oct 2023
I think we just go to millisats at that point
reply
0 sats \ 0 replies \ @Bitman OP 4 Oct 2023
Nice. As an older guy, I hope I'm still around to see that.
reply
186 sats \ 1 reply \ @cryotosensei 3 Oct 2023
As someone who lives in Singapore and is close to Thailand, I enjoyed this very much!
reply
10 sats \ 0 replies \ @Bitman OP 3 Oct 2023
You're welcome. That's lovely to hear.
reply
10 sats \ 1 reply \ @TwoLargePizzas 3 Oct 2023
So that means 1 BTC = 1,000,000 Baht. That's kind of cool and sad at the same time.
reply
0 sats \ 0 replies \ @Bitman OP 3 Oct 2023
Yep, your math is right.
What you're feeling is shared by many others, including me, too.
reply
101 sats \ 2 replies \ @tip_nz 6 Oct 2023
Also 100 "satang" makes up 1 baht. SATang! SATS.
reply
30 sats \ 0 replies \ @Bitman OP 7 Oct 2023
Woah!
Almost feels like some parallel universe stuff going on here. Thanks for pointing this out!
Plus, Why oh why didn't I, or anyone else point this out until now...
Thanks to @southside263 for giving you the nudge.
reply
20 sats \ 0 replies \ @Bitman OP 7 Oct 2023
Maybe create a new post about this?
This fact is pretty awesome.
reply
10 sats \ 0 replies \ @PRA3S3NT1A 4 Oct 2023
We are winning
reply
10 sats \ 0 replies \ @joyepzion 4 Oct 2023
Your wait was actually rewarded lol Only in Bitcoin
reply
10 sats \ 0 replies \ @fred 4 Oct 2023
It's great seeinv the value of sat closing ip value to national currencies
reply
10 sats \ 7 replies \ @TheBTCManual 4 Oct 2023
cent sat parity comes for us all, lol we had it here in South Africa during the last run up to 69k now it only needs to hit 52k to reach that point again, plenty of global south currencies are already there and the last few are getting there very soon, so whats the excuse to not use it as a unit of account?
reply
0 sats \ 6 replies \ @Bitman OP 4 Oct 2023
Governments absolutely love printing themselves out of trouble.
I've BIG hopes for Africa in many ways.
A bit of a fiat tangent: am I right thinking that when governance was handed over to Mandela the previous administration had left with all the money?
reply
0 sats \ 5 replies \ @TheBTCManual 4 Oct 2023
Of course, the previous admin pocketed their fair share, but they already had major business interests and now that they could engage in international markets, they also expanded operations across Africa, and that's why the minority still hold 70% of the assets in South Africa
The current one just feels like they can pillage under the guise of transformation, I personally don't see a big difference between the two just that the previous one had focused on infrastructure while this one just focuses on social issues
The Rand since its launch in 61 the Zar was US$1.40 each, today it's US$0.05,
reply
0 sats \ 4 replies \ @Bitman OP 4 Oct 2023
How's the adoption there?
reply
30 sats \ 3 replies \ @TheBTCManual 4 Oct 2023
Some of the highest per capita in the world but unfortunately the vast majority are leaving it on exchanges to get rekt, using custodial wallets or using some trading desk, it is growing and people are starting to take self custody but it's not nearly enough
A lot of people are still trying to trade it, while others are just using it when they max the amount they can take offshore through other asset classes
reply
0 sats \ 2 replies \ @Bitman OP 4 Oct 2023
Africa stuff always hits me in the feels. Anita's doing some great stuff over there; however are there any other names/organizations that we should know about too?
reply
120 sats \ 1 reply \ @TheBTCManual 4 Oct 2023
Anita is the African movement, There is Bitcoin lady in Botswana, Bitcoin Ekasi in Mossel Bay South Africa, and smaller movements like, Bitcoin Ubuntu in Swellendam, Bitcoin Witsand also South Africa, and a few others trying to create circular economies
I've seen a few in Nigeria and Ghana but nothing that's really got much traction yet.
There are a few South African companies who have started to put Bitcoin on their balance sheets too, in the tech sector, while I'm hearing rumours that 2 publicly listed companies in the country are also going to do it but they're keeping it hush while regulation is still up in the air
I think what the gridless guys are doing in Kenya and Uganda is definitely something to watch.
reply
0 sats \ 0 replies \ @Bitman OP 4 Oct 2023
Many thanks.
I'll have to look these up and bookmark them (and yourselves).
With Africa so vast I'm sure there's a great need for a lot more.
BTW I was just trying to download a version of your ebook on your website, but there seemed to be a problem.
reply on another page
0 sats \ 0 replies \ @oraltosun 4 Oct 2023
We will win when 1 sat equal to 100 Baht. (Thinking the Baht value wouldn't change against the other currencies.)
reply
0 sats \ 0 replies \ @Entrep 4 Oct 2023
There are some official currency out there that sats have more value over, I believe it will catch up to Baht too
reply