Why did #Satoshi pick 100 million #Sats per #bitcoin ?
#askNostr
Tip :
#gold had one 100 units of spread
10 gm of gold were called a Taula ( in India) . Same as an Ashrafi in the middle East ... And a tenth of gram was called a Ratti - the weight of a tiny seed ..
10 gm = Taula of gold
1/10 gm = Ratti of gold ..
Thus the normal unit spread was 100 - which was good enough to meet the real world needs of those early days - say around 5000 years back ..
Satoshi added 1000 units on upper side and another 1000 on the lower - to meet the needs of modern finance
1000 Taula of gold = 10 Kilos = 1 Bitcoin
1/1000th of a Ratti = 1/10 milligaram = 1 #Sat
Satosha
npub1tt…xm0da
2025-03-20 16:00:16 GMT
Author Public Key
npub1ttc8j3sx59d4vs0zt23r6p90fjcd040x3vgu4j68u44ydx8u4rzqkxm0daPublished at
2025-03-20 16:00:16 GMTEvent JSON
{
"id": "beeb93d4ff09b3a4c9d6cf4f1a75bbdb2ef15f594bf8a7073663c24d4c4c4740",
"pubkey": "5af0794606a15b5641e25aa23d04af4cb0d7d5e68b11cacb47e56a4698fca8c4",
"created_at": 1742486416,
"kind": 1,
"tags": [
[
"t",
"Satoshi"
],
[
"t",
"satoshi"
],
[
"t",
"Sats"
],
[
"t",
"sats"
],
[
"t",
"bitcoin"
],
[
"t",
"askNostr"
],
[
"t",
"asknostr"
],
[
"t",
"gold"
],
[
"t",
"Sat"
],
[
"t",
"sat"
]
],
"content": "Why did #Satoshi pick 100 million #Sats per #bitcoin ?\n\n#askNostr\n\nTip : \n\n#gold had one 100 units of spread \n\n10 gm of gold were called a Taula ( in India) . Same as an Ashrafi in the middle East ... And a tenth of gram was called a Ratti - the weight of a tiny seed .. \n\n10 gm = Taula of gold \n1/10 gm = Ratti of gold ..\n\nThus the normal unit spread was 100 - which was good enough to meet the real world needs of those early days - say around 5000 years back ..\n\nSatoshi added 1000 units on upper side and another 1000 on the lower - to meet the needs of modern finance \n\n1000 Taula of gold = 10 Kilos = 1 Bitcoin\n1/1000th of a Ratti = 1/10 milligaram = 1 #Sat \n\n",
"sig": "747232f1b05ec33aad870db86923ead39f01d1a3cf32f5b759aa6e88a0dac85ca5f61554ee18fe4208b217a48c02f6c58f3f72f809264516144736ed2e277a92"
}