Time to think in Satoshi - Originally posted June 6, 2020

For best results, view this post on the Hive blockchain at https://hive.blog/bitcoin/@crrdlx/thinking-in-satoshi

This tweet by @BlockWorksGroup saying, "There are 100,000,000 satoshis in a Bitcoin. Stack them while you can." alongside the reddit post by @SpaceDuckTech saying "there are 2,100,000,000,000,000 units of trade", that is, sats reminded me…

We've got to start thinking in satoshis.

We're already doing it to a degree. Several places are selling things denoted in sats. This is good. It avoids decimal confusion such as 0.00000375 BTC. It's much easier to say, "375 sats."

In part, this is why I've long pushed for sats as the default unit and for the "shi" symbol シ to represent it. See why use シ for sats? and Satoshi Day.

2,100,000,000,000,000 is 2.1 quadrillion. That may look like a lot. But hah! Don't think small. One million dollars used to be amazing. Now we talk in numbers like $2.5Billion or $1.3T. Understand, 2.1Q is nothing in terms of sats.

By comparison, consider USD pennies. The U.S. government magically fashions trillions of dollars out of thin air for every "crisis" that comes up, calling it "Quantitative Easing" or "QE." "BRRRRR," says the paper money printer. Since there are 100 pennies in every dollar, that's trillions of dollars multiplied TIMES 100. 2.1Q is nothing in terms of sats.

In the U.S., we hear of QE1, and QE2, and QE3, and QE4, and…

Instead of QE,…

I suggest: 2.1Q

Do not be deceived, 2.1Q is small. One sat has value.

Watch it grow: Satoshi Day

For best results, view this post on the Hive blockchain at https://hive.blog/bitcoin/@crrdlx/thinking-in-satoshi

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Originally published on http://satoshitimes.wikidot.com
June 6, 2020
LINK: http://satoshitimes.wikidot.com/blog:38

Although dated, this is being posted here on the Hive blockchain so that it's archived.