What is a Satoshi❓

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What is a Satoshi❓

Answer: A Satoshi is the smallest unit of a BitCoin - 1 / 100,000,000 of a BitCoin or 0.00000001 BTC (note 8 zeroes - one before the decimal point and 7 after)

Satoshi (unit) - Bitcoin Wiki

https://en.bitcoin.it/wiki/Satoshi_(unit)
Feb 15, 2018 - The satoshi is currently the smallest unit of the bitcoin currency recorded on the blockchain. It is one hundred millionth of a single bitcoin ...

People also ask
How many Satoshis are in a Bitcoin?
100 million Satoshis
Each bitcoin is equal to 100 million Satoshis, making a Satoshi the smallest unit of bitcoin currently recorded on the blockchain. Think of the Satoshi as the “cents” part of bitcoin. But unlike a penny that represents 0.01 USD, Satoshi represents roughly 0.00000001 BTC — or bitcoin to its eighth decimal. Jun 30, 2019

What Is a Satoshi, the Smallest Unit on the Bitcoin ... - Cointelegraph

https://cointelegraph.com/news/what-is-a-satoshi-the-smallest-unit-on-the-bitcoin-blockchains
Jun 9, 2019 - From paying for pizza with satoshi (SAT) on the Lightning Network to the 10,000 satoshis being added to the Lightning Torch each time it is ...

What is a 'Satoshi'? - Bitcoin Stack Exchange

https://bitcoin.stackexchange.com/questions/114/what-is-a-satoshi
Jan 14, 2014 - A Satoshi is the smallest fraction of a Bitcoin that can currently be sent: 0.00000001 BTC, that is, a hundredth of a millionth BTC. In the future, however, the protocol may be updated to allow further subdivisions, should they be needed.

But, why do we care about a Satoshi❓

Answer: It's because most of us do not spend one whole BitCoin as a currency❗

In round numbers - IF one BitCoin ever gets to be worth $1,000,000 (one million dollars), then one Satoshi will be worth exactly one cent - i.e. 1 Satoshi = 1 ¢❗

But, we are not there - not yet❗

At current prices of around $10,000 per BitCoin, 10,000 Satoshi = $1 and 100 Satoshi = 1 ¢❗

Remember these current values (10,000 Satoshi = $1) and not be fooled into placing too much value on a lot of Satoshi❗

What is BitCoin❓

Answer: It depends - depends on when you ask the question; who you ask and where you ask this question ...

According to Google -

What is a Bitcoin and how does it work?

Each Bitcoin is basically a computer file which is stored in a 'digital wallet' app on a smartphone or computer. People can send Bitcoins (or part of one) to your digital wallet, and you can send Bitcoins to other people. Every single transaction is recorded in a public list called the blockchain.

10 Signs of a Bitcoin Bull Run
Crypto Tips
Published on Aug 29, 2019

source - https://cointelegraph.com/news/bitcoin-industry-celebrates-achievement-unlocked-as-trump-pumps-market
Donald Trump saying he is not a fan of Bitcoin (BTC) and cryptocurrency is “yuge” for the industry, commentators were suggesting after new tweets on July 12.

In the hours after the United States’ president delivered his lackluster appraisal of crypto, the Bitcoin price stayed stable, only to then begin growing to hit 1% gains Friday.
Then, the Fed chairman, the Treasury Secretary, IMF all made direct references to BitCoin https://cryptowidget.coolplugins.net/ - this is indeed historic❗
And then in U.S. congressional hearing - source - Meltem Demirors Complete Congressional Testimony on Libra & Bitcoin - 07/17/2019 - https://www.youtube.com/watch?v=uxhS8Bdddak
...

There is a new YouTube channel - https://www.youtube.com/channel/UCBAQgjMqCuXQXfmLhtZuIuA - Bitcoin and Friends | Episode 1
https://cdn.steemitimages.com/DQmZYQE7mQ2jDJs6XCYfx8bTSef8mycr7far1LpYwpi3CVG/image.png

Please note the warning before playing the video❗