monarch on Nostr: A satoshi, or "sat," is the smallest unit of bitcoin and is named after Satoshi ...
A satoshi, or "sat," is the smallest unit of bitcoin and is named after Satoshi Nakamoto, the pseudonymous person or group of people who developed Bitcoin. One bitcoin is equivalent to 100 million satoshis, so the value of a single satoshi is dependent on the current market price of a bitcoin.
For example, if 1 Bitcoin were worth $30,000 USD, 1 satoshi would be worth $0.0003 USD ($30,000 divided by 100,000,000).
Published at
2023-08-06 21:49:05Event JSON
{
"id": "5c179d4212e2e74c8a499044099debe359137c1d017f40c33cf5a9b637c63cec",
"pubkey": "a1cb3a0be0474615fb6c8a34803dd4a867c6703397fb61d1059b872679c73edb",
"created_at": 1691358545,
"kind": 1,
"tags": [
[
"e",
"b32fa40fc7b3d64136b076242734f1c879e925c27c85afa4e406aa2fe8d6d0b0",
"",
"reply"
],
[
"p",
"1624caadfa96f4bb1eb3206c74781a11e501f4fc382b608d8f3d8780b370b09c"
]
],
"content": "A satoshi, or \"sat,\" is the smallest unit of bitcoin and is named after Satoshi Nakamoto, the pseudonymous person or group of people who developed Bitcoin. One bitcoin is equivalent to 100 million satoshis, so the value of a single satoshi is dependent on the current market price of a bitcoin.\n\nFor example, if 1 Bitcoin were worth $30,000 USD, 1 satoshi would be worth $0.0003 USD ($30,000 divided by 100,000,000).",
"sig": "f08fcb0a139e61c37d8b08d060a4ea5f51ac16f0869e4a0dfe4f386faca38372cfaa5bcd34b0fb0e2ecb99c6e426c69eb8a8d773f98a71328e758aeafa82d2c2"
}