Given the current adoption rate, BTC and SATS are set to play a major role in the future of international pricing. A single bitcoin's divisibility into 100 million parts allows its utility to span far beyond its fundamental layer for thousands of years to come (note: see my post on BTC layers). While gold can be melted down, cut into pieces, and weighed on a scale, there isn't a foolproof way for people to carry, use, and verify physical gold day-to-day. all thanks to SATS.įourth, as Fred Thiel has discussed on occasion, someday common items may be priced in SATS (e.g., a gallon of milk for 15437 SATS) and larger scale items may be priced in BTC (e.g., a house in Isleworth for 200 BTC).įifth, and most importantly, SATS are a way of fair division for our digital assets. BRC-20 tokens are unique digital assets to be collected, traded, bought and sold. Just as you can sequentially label each element in a finite set with a unique natural number, every satoshi in a single bitcoin, all 100 million of them, can be distinctly accounted for, reflecting the inherently finite supply of Bitcoin. One BRC-20 ordinal is made from inscribing a JSON object onto a satoshi. Third, SATS underpin the functionality of BRC-20 tokens, the Bitcoin network's answer to Ethereum's ERC-20 tokens.
Notwithstanding fluctuations in hashrate, my estimate is that by July 2123, rewards will be at 0.00000018 BTC, or 18 SATS, every ten minutes. For instance, the current rewards for mining are 6.25 bitcoins and will halve after April or May 2024 to 3.125 bitcoins. Instead, fractional bitcoin is now sent to BTC wallets. As miners are aware, rewards from the network are no longer distributed in whole bitcoins (2009-2016). Second, SATS are integral to the mining rewards system. They represent one single piece of the proof-of-work, ASIC miner-powered blockchain network.
SATS are the building blocks of a Bitcoin investment. Let's delve deeper:įirst, one Bitcoin is 100 million SATS. As the price of Bitcoin climbs higher, SATS will play a bigger and bigger role in our lives. While not a new cryptocurrency per se, the Satoshi, or "SATS", is increasingly being used as a unit for valuing transactions. While being very concise, his message drives home a significant point: Bitcoin is divisible!Īnd for new users of BTC who are intimidated by the high price tag, this is good to know. Longtime player in the space, Dan Held recently posted: "PSA: You can buy part of a #Bitcoin". The new cryptocurrency on the block: The Satoshi!
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