One Satoshi, Two Satoshis...

in LeoFinancelast month

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Dogecoin is once again pumping, and much of the meme coin community is in denial and suffering. Plebs thought that the OG meme was dead and that it would steal lots of liquidity from their worthless shitty meme coins such as PEPE, SLERF, and whatever else...

To some extent, that is true.

Whoever looks at DOGE's all-time chart on the LOG scale will see the beauty in it... What this thing does every cycle is copy-pasting a pattern, a simple bloff sequence which usually lasts between six to ten months tops, followed by a bottoming period of about three years.

It's the same shit every cycle, and this time it won't be any different. Whether Elon does anything about it or not, DOGE will pump once again, and it will do so hard, mark my words. DOGE is Bitcoin, to some extent... Because Dogecoin is a fork of Luckycoin, which is a fork of Litecoin, which is a fork of Bitcoin...

One Bitcoin is equal to 100 million sats, and all of that is possible because the consensus decided it. If the consensus had not divided Bitcoin into 100 million small units and named the unit a satoshi, then we would not have had such divisibility potential for Bitcoin.

Most of us do not talk about Bitcoin as a bag of 100 million satoshis; we like to talk in round numbers. To some extent, I do not own Bitcoin because I cannot buy a whole coin. I could have done that in 2017, but I did not have the understanding back then and the guts to put my savings into BTC.

One satoshi is worth $0.00065, but who gives a fuck about that because all that matters for most of us is how much a whole coin is valued at and how much money our worthless shitcoins will make us... But what if...

What if tokenization of everything gains traction as Larry Fink, CEO of BlackRock, already hinted at, and Bitcoin somehow becomes the standard, or becomes something similar to gold? Then even the richest of the world won't be able to own much Bitcoin.

This is when the masses will really start thinking in sats. I bet there were times when the masses were trading all sorts of goods against gold, but divisibility of gold has always been an issue until paper notes and coins took traction, and gradually gold lost its attributes as a currency of exchange.

Bitcoin is far from being a currency of exchange at an international level. In fact, such attributes are actually discouraged by the powers in charge, as the EU has proven to us lately with its latest law banning crypto payments of more than $3,000 from self-custody wallets. They can only try to stop this thing for so long...

One satoshi is currently $0.00065, but maybe in the next decade or the one after that, one sat will be $0.01 cent, and that's probably when the masses will start realizing its value. As long as we think of Bitcoin from the perspective of whole coiners and non-coiners and we don't pay much attention to its divisibility, we will miss the point with Bitcoin.

Craig Wright is not the creator of Bitcoin, no one expected he would be, of course. Some suspect that Hal Finney was, but we don't know that for sure either. But we sure know that the consensus decided a few good years ago that one BTC can be divided into 100 million satoshis, and we should not overlook that.

The world is not going back to paper money or the fax machine, so why would anyone expect a bear market to occur before the actual halving? Why would meme coin fanatics underestimate DOGE, and why aren't we talking about Bitcoin in sats more often? At some point, the masses won't be able to afford to talk about Bitcoin anymore, metaphorically speaking.

All we will be able to afford will be a few sats, and that's when staking sats will make so much sense. I am not a fan of Larry Fink or BlackRock, as these two names are the epitome of centralization, but pay attention to Larry; this guy has so far given us important clues regarding the future of crypto in the US.

The tokenization of everything is almost here, and it is here to stay... Back in the day, one could collect a few BTC a month through all sorts of faucets, now you can collect a few sats through all sorts of faucets... See where I'm pointing?

Have a great weekend folks, and see you all next time.

Thanks for your attention,
Adrian

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I ended up trading most of my Dogecoin for 20,000,000 Satoshi.

Not bad…

Thank you for the knowledge. I have never known that Bitcoin has smaller units.

100,000,000 of them.