satoshimoneybtc on Nostr: There's different ways to look at the amount of #Bitcoin you have. 1 BTC = 1 million ...
There's different ways to look at the amount of #Bitcoin you have.
1 BTC = 1 million bits = 100 million sats
Let's look at a real world example.
You buy a ☕ that costs $5.
(Price of 1 BTC $26,892)
Priced in Bitcoin that would cost:
= 0.00018592 BTC
= 185.92 bits
= 18,592 sats
As Bitcoin grows in size and merchant adoption it's likely for merchants to price goods in either sats or bits so that customers can pay in a whole number of units.
1 BTC = 1 million bits = 100 million sats
Let's look at a real world example.
You buy a ☕ that costs $5.
(Price of 1 BTC $26,892)
Priced in Bitcoin that would cost:
= 0.00018592 BTC
= 185.92 bits
= 18,592 sats
As Bitcoin grows in size and merchant adoption it's likely for merchants to price goods in either sats or bits so that customers can pay in a whole number of units.