It's a specialized sub for hardcore Bitcoin enthusiasts who are avoiding to own/use fiat money. In our everyday life we are using the real money - Bitcoin. For a more general sub about Bitcoin, see /Bitcoin/ and /BitcoinBeginners/
have a theory.. I am curious to get others opinions of it. long story... I was having a debate with a fellow crypto enthusiast like myself we did not see eye to eye. I feel like the general public is having a hard time accepting the value of a bitcoin due to the fact of its unobtainability for most. People don't want to give up 100s to 1000s of one thing to get a fraction of another like bitcoin. They have grown up thinking a fraction of something is very little and not valueable but for Bitcoin it is not the case. We all know that a Bitcoin can be broken down into something as small as a Satoshi. Why not use this as the base measure instead of a Bitcoin which is the largest? I feel people would be a lot more willing to accept using a currency when your talking about it in a whole value like Satoshi and not a fractional value like a Bitcoin. I think this is possibly why mass adoption really hasn't occurred. Why not buy/sell/exchange in Satoshi. Or even possibly come up with a name for something in between a Bitcoin and a satoshi I believe a lot more people would be amenable spending $1 for 18000 satoshi (18ksat) or 18uBTC than for 0.00018 BTC The link below you can play around with converting https://www.finder.com/satoshi-to-bitcoin-conversion-calculator I believe it will be much more important to think like this when Bitcoin becomes $100,000 and more a coin. We need a more mass population acceptable unit of measure for bitcoin for an easier mass adoption or maybe something like this could work 1 Satoshi = 1sat 10 Satoshi = 10sat 100 Satoshi = 100sat 1,000 Satoshi = 1ksat 10,000 Satoshi = 10ksat 100,000 Satoshi = 100ksat 1,000,000 Satoshi = 1Msat 10,000,000 Satoshi = 10Msat 100,000,000 Satoshi = 1BTC or we could take out the fractions out of Bitcoin by doing it a similar way 0.00000001 bitcoin = 10 nBTC 0.00000010 bitcoin = 100 nBTC 0.00000100 bitcoin = 1 uBTC 0.00001000 bitcoin = 10 uBTC 0.00010000 bitcoin = 100 uBTC 0.00100000 bitcoin = 1 mBTC 0.01000000 bitcoin = 1 cBTC 0.10000000 bitcoin = 1 dBTC 1.00000000 bitcoin = 1 BTC Long story short is we need a way to measure a unit of Bitcoin not as a fraction but as a whole number which the general public could much more easily accept. Agree or disagree or how would be a good way to implement something ? What are your thoughts, ideas or comments on this topic? Edit 1BTC = # of Satoshi
Elon Musk is Satoshi Nakamoto, the creator of Bitcoin, and had been buying Tesla shares with his Bitcoin, leading to the recent, astronomical rise in Tesla’s share price
Some people may know that Elon musk made his initial fortune off of PayPal in the late 90s and early 2000s. What people may not realize is that when he sold he was required to sign a non compete which prevents him from working for or starting another electronic payments company. As many know, “Satoshi Nakamoto” is the fake name of the man who created bitcoin (no one knows who he is). Last people checked, Satoshi has roughly $8billion in bitcoin left. Tesla’s stock price has risen 500% since the beginning of the year, with people scooping it up like crazy... they recently split the stock 5:1 to make it more affordable. People have assumed that the rise is due to retail investors pouring in, but there have been some super weird/interesting large blocks being bought up if you look at the price action. I’m talking much more than just retail investors. What if Elon has been using his BTC in order to buy up massive amounts of shares, which has bid up the share price and given him more control of the company (he actually doesn’t have voting control like Bezos). Edit: Elon is using Tesla to make it traceable and bring the money back into circulation since he’s unable to spend $8billion in BTC.
"I was concerned about the scalability of Bitcoin and satoshi responded to me saying that if I don't understand, he doesn't have time to explain it to me. So, I went on and created 3 of the highest performance blockchains out there." - Dan Larimer #THUGLIFE
r/Bitcoin: "Recently I decided to change all my professional and personal plans. I left my job. I left my friends and family. I left my country. All for Bitcoin. Here is why." .... TL;DR: Basically he wants to a seat on Satoshi's Moon Rocket by SHILLing Bitcoin scams 24/7.
"Some BTC maximalists are making fun of ETH gas prices, but when you say the same thing about BTC blocks being full and fees going up, then they say that’s Satoshi’s vision to have full blocks. Is Ethereum fulfilling Satoshi’s vision better than bitcoin? 🧐"
Hi Bitcoiners! I’m back with the 32nd monthly Bitcoin news recap. For those unfamiliar, each day I pick out the most popularelevant/interesting stories in Bitcoin and save them. At the end of the month I release them in one batch, to give you an overview of what happened in bitcoin over the past month. You can see recaps of the previous months on Bitcoinsnippets.com A recap of Bitcoin in August 2019 Adoption
What is a Satoshi? Each bitcoin (BTC) is divisible to the 8th decimal place, so each BTC can be split into 100,000,000 units. Each unit of bitcoin, or 0.00000001 bitcoin, is called a satoshi.A Satoshi is the smallest unit of Bitcoin. Bitcoin Satoshi to United States Dollar, Chinese Yuan, Euro, British Pound Sterling Quick Conversion. BTC Satoshi Bitcoin Satoshi => USD. You can now select between which ticker to use above- Coindesk or BitcoinAverage Satoshi = USD $ 0 *Click the Satoshi value or USD value ... The satoshi is currently the smallest unit of the bitcoin currency recorded on the block chain. It is a one hundred millionth of a single bitcoin (0.00000001 BTC). The unit has been named in collective homage to the original creator of Bitcoin, Satoshi Nakamoto. All amounts in the block chain are denominated in satoshi before being converted for display. What is a satoshi? Each bitcoin (1 BTC) can have a fractional part of up to 8 digits so 1 bitcoin can be divided into 100 000 000 units. Each of these bitcoin units (0.00000001 BTC) is called a satoshi. A satoshi is the smallest unit in a bitcoin. This unit is named after Satoshi Nakamoto – the alias of the bitcoin creator. Satoshi is a structural part of the Bitcoin cryptocurrency, which is one hundred millionth of bitcoin.Such small units facilitate transactions with BTC. The total structural component of 1 bitcoin (BTC) is equivalent to 1000 millibits (mBTC), 1,000,000 microbe (mkBTC) or 100,000,000 Satoshi.
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