The Race To One Satoshi

The Race To One Satoshi | Ecency

Hi JessHODLrs

While many of us in crypto are stacking as much as we can look to either own 1 BTC or more than 1 BTC, the sad reality is there can only be a tiny amount of us who will ever be part of the 21 club with around 4 - 5 million Bitcoin already last forever. As humans, we cannot understand anything that is not linear, and our minds cannot comprehend exponential growth or future realities.

Our mind is crystalised in the present, and it's why so many of us need dis-education if we are to understand what BTC is and what it offers the world.

I've heard many people say oh no ones ever going to sell products for a price of 0.00000100 our minds have a bias to absolute numbers which is why many people getting into crypto would rather opt to buy a whole coin of an alt instead of buying a part of BTC.

Creating an alternative currency

The thing is if BTC were work as fiat, it would have inflated far past anything anyone could own and become impractical to use before it could gather a large enough market cap to rival fiat currencies. The protocol was brilliantly thought of to be able to sneak up without being noticed or taken seriously by authorities until it would become something that is a threat to the status quo.

The Race To 1 Satoshi

10 million Satoshis

The 10 million pieces that make up a Bitcoin are going to become increasingly popular and practical as we grow the lightning network which allows us to instantly transact at the satoshi level and make it cheaper to move BTC.

However, what is going to make Satoshis popular is the level of currency debasement we're seeing and how we're hyperinflation currency today.

While people in developed nations like the US, UK and across Europe won't see it yet as their currencies still have relative value compared to another fiat, all fiat is falling. Comparing fiat is like comparing two people wrestling each other while they are falling out of a plan and looking at who is on top fo whom.

Each day, week, year currency inflates satoshis become more practical. I'll give you an example of my own currency the South African Rand, US$1 gets you ZAR 17 right now.

However, 1 ZAR is = 0,00000650

I have no doubt as BTC starts to increase in price relative to fiat or rather as fiat falls as compared to the value the market sees in BTC the Satoshi will be worth closer to what was our single currency.

Ambitions of a one coiner

While I still have significant ambitions to become a one coiner while it's even attainable for a retail investor I think those who want to preserve their purchasing power should covert some of their fiats into Satoshis as an alternative savings account.

Instead of spending money buying 100 000 shit coins hoping for it to the moon why not buy 10 000, 100 000 or a million Satoshis and HODL that instead.

Bitcoin may seem like the coin now, but in the future, the Satoshi will be the actual coin we use. Bitcoin is a store of value, but the Satoshi is the means of exchange.