Should the Bitcoin Community Start Emphasizing Satoshis and the Price of a Satoshi?

A common complaint among newcomers to Bitcoin is the price is too expensive and they can never buy a whole coin. It's staggering how many people don't realize you can buy fractions of a Bitcoin. Since a Bitcoin is 100 million Satoshis, the total number of sats is 2.1 quadrillion. Which is comparable to how many coins are on popular dog meme coins that shall remain nameless.

The current conversion of $1 to sats is:

​

https://preview.redd.it/9k82fw5olx981.png?width=580&format=png&auto=webp&s=0b31f8d988db140c7051aa740f71553cf0e10710

Psychologically, I think it feels better to purchase 2,258 satoshis than 0.00002258 BTC, even if they are mathematically the same.

Since this community keeps telling people it's still early, maybe a push should be made to emphasize sats and how many sats you can buy for a dollar.



Submitted January 06, 2022 at 01:50AM by escodelrio https://ift.tt/337StJB

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