pull down to refresh

0 sats \ 6 replies \ @Bitman OP 3 Oct 2023 \ parent \ on: Today 100 sats = 1฿ bitcoin
Actually bits are smaller than sats!
write
preview
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