It’s Time We Began Pricing Things in Satoshis

What can you buy with a virtual pocketful of satoshis? Why, anything and everything. Whatever goods or services you can purchase with BTC or BCH you can purchase with their smaller units of account – the satoshi, or ‘sat’ for short. With 100 million of them to every bitcoin, satoshis are as divisible as they are versatile. But for satoshis to thrive, the Bitcoin community needs to start using them to price products. Only then can the simple sat start to shine. Bitcoins Are Scarce But Satoshis Are Plentiful Digital scarcity is all relative. It’s drummed into us that there will only ever be 21 million bitcoins, and thus the vast majority of people will never own a whole BTC or BCH. This isn’t a problem, since each bitcoin is divisible into 100 million sats, but from a marketing perspective, this is a major issue. Most people who’ve heard of…

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