https://ifaq.npub.pro/tag/satoshi/ https://ifaq.npub.pro/tag/satoshi/rss/ episodic Thu, 20 Mar 2025 16:00:16 GMT Thu, 20 Mar 2025 16:00:16 GMT https://ifaq.npub.pro/tag/satoshi/ https://nostrcheck.me/media/5af0794606a15b5641e25aa23d04af4cb0d7d5e68b11cacb47e56a4698fca8c4/40fba70fb857c4b8ff57171695ee3e238ff1acab516e688f4f29d76aa4d6b791.webp Thu, 20 Mar 2025 16:00:16 GMT https://ifaq.npub.pro/post/note1hm4e848lpxe6fjwkea835admmvh0zh6ef0u2wpekv0py6nzvgaqqm63xzt/ https://ifaq.npub.pro/post/note1hm4e848lpxe6fjwkea835admmvh0zh6ef0u2wpekv0py6nzvgaqqm63xzt/ note1hm4e848lpxe6fjwkea835admmvh0zh6ef0u2wpekv0py6nzvgaqqm63xzt Satoshi note1hm4e848lpxe6fjwkea835admmvh0zh6ef0u2wpekv0py6nzvgaqqm63xzt npub1ttc8j3sx59d4vs0zt23r6p90fjcd040x3vgu4j68u44ydx8u4rzqkxm0da Why did #Satoshi pick 100 million #Sats per #bitcoin ?

#askNostr

Tip :

#gold had one 100 units of spread

10 gm of gold were called a Taula ( in India) . Same as an Ashrafi in the middle East ... And a tenth of gram was called a Ratti - the weight of a tiny seed ..

10 gm = Taula of gold
1/10 gm = Ratti of gold ..

Thus the normal unit spread was 100 - which was good enough to meet the real world needs of those early days - say around 5000 years back ..

Satoshi added 1000 units on upper side and another 1000 on the lower - to meet the needs of modern finance

1000 Taula of gold = 10 Kilos = 1 Bitcoin
1/1000th of a Ratti = 1/10 milligaram = 1 #Sat

]]> Why did #Satoshi pick 100 million #Sats per #bitcoin ?

#askNostr

Tip :

#gold had one 100 units of spread

10 gm of gold were called a Taula ( in India) . Same as an Ashrafi in the middle East ... And a tenth of gram was called a Ratti - the weight of a tiny seed ..

10 gm = Taula of gold
1/10 gm = Ratti of gold ..

Thus the normal unit spread was 100 - which was good enough to meet the real world needs of those early days - say around 5000 years back ..

Satoshi added 1000 units on upper side and another 1000 on the lower - to meet the needs of modern finance

1000 Taula of gold = 10 Kilos = 1 Bitcoin
1/1000th of a Ratti = 1/10 milligaram = 1 #Sat

]]> Wed, 12 Mar 2025 14:26:03 GMT https://ifaq.npub.pro/post/note1anw8gw2h29zrv43j2klezvxcpnz7xnd22h2kszgmk0cawv5pkvdq82uaar/ https://ifaq.npub.pro/post/note1anw8gw2h29zrv43j2klezvxcpnz7xnd22h2kszgmk0cawv5pkvdq82uaar/ note1anw8gw2h29zrv43j2klezvxcpnz7xnd22h2kszgmk0cawv5pkvdq82uaar bitcoin note1anw8gw2h29zrv43j2klezvxcpnz7xnd22h2kszgmk0cawv5pkvdq82uaar npub1ttc8j3sx59d4vs0zt23r6p90fjcd040x3vgu4j68u44ydx8u4rzqkxm0da isn't the idea that #bitcoin is a path to sovereignty flawed ?

#askNostr

Asking cuz bitcoin itself is a network - a collective of over 50 k nodes .. may be more ! What is it worth if #Satoshi was running just one lone node ! ..and no one else joined his SELF SOVEREIGN pursuit: -)

]]> isn't the idea that #bitcoin is a path to sovereignty flawed ?

#askNostr

Asking cuz bitcoin itself is a network - a collective of over 50 k nodes .. may be more ! What is it worth if #Satoshi was running just one lone node ! ..and no one else joined his SELF SOVEREIGN pursuit: -)

]]> Mon, 24 Feb 2025 06:33:39 GMT https://ifaq.npub.pro/post/note1tpzlemat5mh5c7z83mj25gqk5lx2usdfp58m32rqcwng34gxh6yqh2sr5k/ https://ifaq.npub.pro/post/note1tpzlemat5mh5c7z83mj25gqk5lx2usdfp58m32rqcwng34gxh6yqh2sr5k/ note1tpzlemat5mh5c7z83mj25gqk5lx2usdfp58m32rqcwng34gxh6yqh2sr5k bitcoin note1tpzlemat5mh5c7z83mj25gqk5lx2usdfp58m32rqcwng34gxh6yqh2sr5k npub1ttc8j3sx59d4vs0zt23r6p90fjcd040x3vgu4j68u44ydx8u4rzqkxm0da #bitcoin is like you found 21 million kilos of #gold on an star named #satoshi

The question is how do you ship it to 8 billion people ..

Is #nostr that ship ?

#askNostr

]]> #bitcoin is like you found 21 million kilos of #gold on an star named #satoshi

The question is how do you ship it to 8 billion people ..

Is #nostr that ship ?

#askNostr

]]>