Sats

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Sats

Definition:

Each Bitcoin is divided into 100 million satoshis or sats. A Satoshi is the smallest amount that can be recorded on the BTC blockchain and is named after Bitcoin’s founding father/ fathers/ mother/ CIA – Satoshi Nakamoto. Stacking sats is the term for consistently increasing your Bitcoin portfolio by frequently buying Bitcoin or making profits trading that are then stored in Bitcoin.

Degen Chat

“While @saylor buys up the market of Bitcoin, I’m happy stacking sats each week.”

Related Terms:
  • Dictionary: Full Node
    A full node contains a blockchain’s entire history and verifies transactions for it. Running a full node helps to secure the blockchain for everyone.
  • Dictionary: HFSP
    Have fun staying poor. What bitcoin hodlers say to normies and shitcoin holders who don’t hold Bitcoin. Udi Wertheimer coined the phrase to troll non Bitcoiners and crypto-heads. And we all pray to Satoshi that he is right.
  • Dictionary: Master Node
    A master node is like the hub and overseer of a blockchain. It verifies and relays transactions, stores the blockchain’s history, can help with governance and performs other operations. Running a master node is the most valiant thing a crypto HODLer can do.
  • Dictionary: Nick Szabo
    One of the founding fathers and pioneers of crypto currency. He developed the concept of smart contracts and created the precursor to Bitcoin called BitGold. If you hold Nick Szabo on your ‘who is Satoshi?’ bingo card, don’t throw out your ticket…
  • Dictionary: Satoshi Nakamoto
    Satoshi is the anonymous writer and creator of the Bitcoin whitepaper. More than just a blockchain founder, he/she/they are the philosophical deity for Web3 and the crypto space. Whilst we don’t know who it is, man, woman, group or other, Satoshi lives on in our hearts. Unheard of since April 23, 2011, Satoshi’s estimated Bitcoin holdings of 960,000 is simply staggering at today’s prices.


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