4 ms·
Why does the headline say 10btc but the tweet (is that a tweet?) claim 1b SATS?
by swarnie 4y ago
Why does the headline say 10btc but the tweet (is that a tweet?) claim 1b SATS?
- bonzini 4y agoBecause 1 BTC is 100 million satoshis.
- vdfs 4y ago1B SATS is 10 BTC
- pxeger1 4y agoThere are 100 million sats in a bitcoin; it's just a fractional unit, like cents to dollars
- codetrotter 4y ago100 million satoshi = 1 BTC 1 billion satoshi = 10 BTC It’s easier to just say 10 BTC. Also it makes the headline shorter
- hajola 4y ago1 billion SATS = 10 bitcoin 1 SATS = 0.00000001 bitcoin Unsure why the headline was edited. Probably to get more attention as btc draws more attention than SATS
- xiphias2 4y agoalso basic conversions don't work on Google / ChatGPT. Google told me 1 billion sats is 0.1 BTC, ChatGPT 0.01 BTC. Google was still closer :)
- codetrotter 4y ago> Probably to get more attention as btc draws more attention than SATS No I just think that an amount that is equal to several BTC is pointless to measure in sats. It’s equally pointless to use sats as the units of measure for such a big amount, as it would be to say “20 million cents” instead of just “$200k”
- kzrdude 4y agobitcoin is divided down to 8 decimal places, and the smallest piece is called a satoshi. I.e 1 sat = 1e-8 btc; then 1e9 sats = 10 btc.