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21,000,000(number of Bitcoins) x 100,000,000(Number of satoshi's per Bitcoin) is the total number of units. That means there are 2,100,000,000,000,000 units of trade.

If each Satoshi was worth 1 cent of USD. That means 7 Billion people could concurrently own $3000 of Bitcoin all at once.
submitted by SpaceDuckTech to Bitcoin [link] [comments]

21,000,000(number of Bitcoins) x 100,000,000(Number of satoshi's per Bitcoin) is the total number of units. That means there are 2,100,000,000,000,000 units of trade. /r/Bitcoin

21,000,000(number of Bitcoins) x 100,000,000(Number of satoshi's per Bitcoin) is the total number of units. That means there are 2,100,000,000,000,000 units of trade. /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

[uncensored-r/Bitcoin] 21,000,000(number of Bitcoins) x 100,000,000(Number of satoshi's per Bitcoin) is the total number...

The following post by SpaceDuckTech is being replicated because some comments within the post(but not the post itself) have been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/74512a
The original post's content was as follows:
If each Satoshi was worth 1 cent of USD. That means 7 Billion people could concurrently own $3000 of Bitcoin all at once.
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

Does sat/b mean satoshi per bitcoin or per byte? /r/Bitcoin

Does sat/b mean satoshi per bitcoin or per byte? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

what would you change in bitcoin if you would start it now (back in time, 2007, before BTC exists)

It’s 2007, bitcoin doesn’t exist yet.
You meet a time traveler who tells you about Bitcoin’s future success, and hands you a copy of the latest release.
You decide to release it before Satoshi. Do you change anything first? Supply cap? Premine? Some implementation detail?
Not my question, just saw it in twitter of UdiWertheimer
https://twitter.com/udiWertheimestatus/1157346955661647872

Here is what I would do
- Add some security features
- Change block size with block number by moore's law - related to the hard drive space availability and the network speed.
- Flexibility for adding smart contracts so elder version nodes would not block the newer transactions
- Flexibility for better L2 solutions
- more satoshis per bitcoin, probably 16 zeros instead of 8, for micropayments and possible additional exponential increase of BTC price
- Flexibility for oracles
- built-in SPV/neutrino for smaller nodes
- Patent it to avoid forks, although CIA wanted to arrest/stop Satoshi's successors, so the patent idea could fail
submitted by vakashic to Bitcoin [link] [comments]

"The mass majority of people scrambled to purchase whatever Bitcoin they could, and as a result, the price of Bitcoin soared from $100,000 to $2,000,000 dollars per coin, before the fiat peg was finally broken. Liquidity dried up and nobody would sell a single satoshi. Fiat collapsed into oblivion."

submitted by therealhodlonaut to Bitcoin [link] [comments]

The insurance company with the biggest exposure to the 1.2 quadrillion dollar (ie, 1200 TRILLION dollar) derivatives casino is AXA. Yeah, *that* AXA, the company whose CEO is head of the Bilderberg Group, and whose "venture capital" arm bought out Bitcoin development by "investing" in Blockstream.

TL;DR:
Just scroll down to page 5 of the PDF and check out the graph:
http://www.actuaries.org.hk/upload/File/ET210513.pdf
In 2013, AXA had $464 billion in exposure to derivatives, representing more than 50% of their balance sheet - more (in absolute and percentage terms) than any other insurer.
My theory: AXA knows that Bitcoin is real money, and real money will destroy AXA's balance sheet - which is based on the "fantasy accounting" of derivatives. So AXA wants to control Bitcoin development (by buying out the Core/Blockstream devs), and artificially suppress the blocksize, to artificially suppress the Bitcoin price.
My question: Do you want Bitcoin development being funded by a financial institution like AXA which would literally become bankrupt overnight if the worldwide derivatives casino lost a miniscule fraction of its so-called "value"?
Personally, I can think of no greater conflict of interest than this. This is the mother of all smoking guns of conflicts of interest. Derivatives are 1.2 quadrillion dollars of fake money circulating in a fraudulent system of fantasy accounting - and bitcoin is 2.1 quadrillion satoshis of real money circulating on the world's first unfake-able global ledger. They are polar opposites.
AXA's so-called "value" would collapse overnight if the fakery and fantasy of the worldwide derivatives casino were to finally be exposed. AXA is the last organization which should have any involvement whatsoever with Bitcoin's development - and yet, here we are today: AXA is paying the salary of guys like Greg Maxwell and Adam Back.
Details/Background:
What are derivatives?
Derivatives are the $1.2 quadrillion ($1200 trillion) "time bomb" of bets using fake, debt-backed fiat money that's about to explode and destroy the world's financial system:
http://www.dailyfinance.com/2010/06/09/risk-quadrillion-derivatives-market-gdp/
https://duckduckgo.com/?q=derivatives+time+bomb&ia=web
Derivatives are like a giant blood-sucking "tick" (representing 1200 trillion dollars in "notional" value, ie the total value of all the bets, without offsetting) on the back of a "dog" representing the world's "real" economy (representing mere tens of trillions of dollars):
http://demonocracy.info/infographics/usa/derivatives/bank_exposure.html
https://duckduckgo.com/?q=derivatives+dwarf+economy&ia=web
Derivatives were the root cause of the financial crisis that already almost destroyed the world's debt-based fiat financial system in 2008:
http://www.forbes.com/sites/stevedenning/2013/01/08/five-years-after-the-financial-meltdown-the-water-is-still-full-of-big-sharks/#43930ad45474
http://www.businessinsider.com/bubble-derivatives-otc-2010-5?op=1&IR=T
https://en.wikipedia.org/wiki/Causes_of_the_Great_Recession
https://duckduckgo.com/?q=derivatives+financial+crisis+2008&ia=web
Derivatives are that giant blob of fake, debt-backed fiat "money" shown at the bottom of the graph shown below (where the top of the of the graph shows that tiny speck of real money, bitcoin):
https://np.reddit.com/Bitcoin/comments/3xpecf/all_of_the_worlds_money_in_one_chart/
http://www.businessinsider.com/all-of-worlds-money-in-one-chart-2015-12
Derivatives are are also the fake, debt-backed "money" which already brought down another giant insurance group (AIG, not to be confused with AXA), in the financial crisis of 2008, which you're probably still bailing out personally with your tax dollars and your country's "austerity":
https://web.archive.org/web/20150730232015/http://www.thenation.com/article/aig-bailout-scandal
https://duckduckgo.com/?q=aig+derivatives+scandal
And finally:
Derivatives are also the fake, debt-backed "money" which makes up over 50% ($464 billion) of the balance sheet of insurance giant AXA - which has more derivatives exposure than any other insurance company, both in percentage and absolute terms (2013 figures - scroll down to page 5 of the PDF to see the graph):
http://www.actuaries.org.hk/upload/File/ET210513.pdf
https://web.archive.org/web/20160519091543/http://www.actuaries.org.hk/upload/File/ET210513.pdf
Yeah, AXA.
The same company...
https://np.reddit.com/Bitcoin+bitcoinxt+bitcoin_uncensored+btc+bitcoin_classic/search?q=bilderberg+group&restrict_sr=on
https://www.axa.com/en/newsroom/news/axa-strategic-ventures-blockchain
https://duckduckgo.com/?q=axa+strategic+investments+bitcoin&ia=web
Every time I mention how AXA is in charge of Blockstream's payroll, a few "random" people come out of the woodwork on these threads trying to dismissively claim (while presenting absolutely no arguments or evidence) that it is a mere irrelevant "coincidence" that AXA's venture capital subsidiary is funding Core/Blockstream.
But there are very few coincidences in the world of high finance.
And meanwhile, here are a few things we do know:
  • Henri de Castries is not only the the CEO of insurance giant AXA (he's actually stepping down later this year) - he's also the chairman of the Bilderberg Group - the secretive group which includes most of the major players in the current global debt-backed financial system:
https://duckduckgo.com/?q=henri+de+castries+bilderberg&ia=web
https://duckduckgo.com/?q=henri+de+castries+axa&ia=web
  • AXA Strategic Ventures (the venture capital arm of insurance giant AXA) was behind the second, $55 million round of investment in Blockstream:
https://duckduckgo.com/?q=%22axa+strategic+ventures%22+bitcoin&ia=web
https://np.reddit.com/Bitcoin+bitcoinxt+bitcoin_uncensored+btc+bitcoin_classic/search?q=bilderberg+group&restrict_sr=on
  • As of 2013, AXA already had $464 billion in derivatives exposure - over 50% of its balance sheet - far more than any other insurance company (both in $ and in % terms):
http://www.actuaries.org.hk/upload/File/ET210513.pdf
  • Many if not most major financial institutions would actually be considered insolvent now, if their so-called assets and liabilities were honestly valued (ie, "marked to market):
http://www.forbes.com/sites/robertlenzne2014/10/03/everything-you-didnt-know-about-the-federal-reserve-board/#45c36aa03f25
  • Bitcoin, by having no counterparty risk, threatens to expose this whole fraudulent casino of fantasy accounting on the part of major financial institutions - which is probably why companies like AXA want to control Bitcoin development - so they can artificially suppress the blocksize, and artificially suppress the the bitcoin price.
My guess:
The 2.1 quadrillion satoshis (21 million bitcoins x 100 million satoshis per bitcoin) of real money starting to circulate on the Bitcoin network threaten to expose the fact that the 1.2 quadrillion dollars of fantasy fiat circulating in the worldwide derivatives casino are actually worthless.
And this is probably the real reason why AXA - the insurance company with the largest derivatives exposure - is trying to control Blockstream, in order to control Bitcoin development, and suppress Bitcoin price.
submitted by ydtm to btc [link] [comments]

Assuming a current 7.8 billion world population and 16 million Bitcoin accessible in a wallet (accounting for lost/immovable coins), that's 205,128 Satoshis per person, or 0.00205 BTC. That costs $13.85 at the current price. Would you pay $14 for your share just in case?

I know times are tough and not everyone can do this, of course necessities come first, but I would say that the price of three coffees or a case of beer is a sacrifice worth making for putting in place a contingency plan, an insurance policy of sorts if our world's banks cannot manage to pull off the saving of the house of cards.
With $1200 checks on their way to Americans, some will blow far more than $14 of it on less useful things. I hope things don't have to get that bad before they get better, but if they do I bet you'll be glad you thought of yourself and those who depend you and prepared accordingly.
submitted by infinite_dendrite to Bitcoin [link] [comments]

Bitcoin Faucet: SpeedyFaucet - Up to 128 satoshis per claim (FaucetPay).

Bitcoin Faucet: SpeedyFaucet - Up to 128 satoshis per claim (FaucetPay). submitted by BestCryptoFaucets to u/BestCryptoFaucets [link] [comments]

Bitcoin Faucet: Jarkomnet - 26 satoshis per claim (FaucetPay).

Bitcoin Faucet: Jarkomnet - 26 satoshis per claim (FaucetPay). submitted by BestCryptoFaucets to u/BestCryptoFaucets [link] [comments]

Bitcoin Faucet: GDFaucet - 20 to 60 satoshis per claim (FaucetPay).

Bitcoin Faucet: GDFaucet - 20 to 60 satoshis per claim (FaucetPay). submitted by BestCryptoFaucets to u/BestCryptoFaucets [link] [comments]

I don't think the NASDAQ and Honduras news will increase price

So as you all probably know, both the NASDAQ and the country of Honduras have announced they are plan to use bitcoin-based systems to track important information - to help track certain kinds of trading for the NASDAQ, and to track property titles in Honduras. All great.
While it's great that these institutions are making use of bitcoin, I'm assuming they'll only be making use of satoshis to log their information to the blockchain. As everyone knows, there are 100 million satoshis per bitcoin, which means to do what these institutions want to do, they will probably need hardly any full bitcoins. Meaning, they won't be driving up demand, and thus probably not driving up the price in any meaningful way. Not that driving up price is the only good, just pointing this out.
Am I missing anything here? People's thoughts on this are appreciated.
submitted by 8yo90 to Bitcoin [link] [comments]

How many Satoshis are there? 2,100,000,000,000,000

After bitcoin becomes too expensive for the average person to deal with it in whole bitcoins (already the case for some people), we will begin dealing, speaking, and thinking in smaller units like millibitcoin and microbitcoin, but the most elemental bitcoin unit is the satoshi.
How many satoshis are there (or at maximum)? This many:
2,100,000,000,000,000
Which is found by multiplying the maximum 21 million bitcoin by the number of satoshis per bitcoin, which is 100 million.
How do you pronounce that huge number? Like this:
"Two quadrillion one hundred trillion."
How many satoshis are available to us now (have been mined)?
Well, we've mined about 15 million bitcoin out of the 21 million maximum. Times 100 million that comes out to:
1,500,000,000,000,000
or, "One quadrillion five hundred trillion."
How many satoshis is that for each human being alive today? Taking a 7-billion approximation, that comes out to:
214,285 satoshis per human being.
In a total bitcoin-takeover scenario, where bitcoin truly moons and comes out to a price of, say, $3 million per coin and goes into worldwide use, each satoshi would have to be worth about 3-cents.
Thus, even in a total-bitcoin-victory scenario, it seems that there are enough satoshis in the world to run commerce at even the smallest level.
There is the Tonal bitcoin proposal, which allows for effectively infinite division of bitcoin and satoshis themselves.
Still, we will not likely need to worry about such things in our lifetime.
This message brought to you by, the Count!
submitted by Anenome5 to Bitcoin [link] [comments]

Are transaction fees linear? Tx clarification

Assuming the txbacklog stays constant,
For a single transaction, do fees cost the same satoshi per Bitcoin sent? if you were sending one Bitcoin versus 1,000, does it become increasingly more efficient?
I think I understand there's a base fee (or is it just a minimum fee?), and then depending on how much btc you want to send you pay more, but that extra fee on top of the base fee, is that a linear function? Or again, is the curve slanted (again more efficient, base fee aside).
Sorry for the hairy question, it'skinda hard to phrase. I wish I could just draw a graph.
To put it another way,
Is there a base transaction fee, or would it just be a minimum fee ? I.e. on a graph, it'd be a line straight up and to the right, but would the line (fees) start at zero, or would the line start higher up the Y axis.
Also, what is this base fee, how is calculated?
Assuming there is a base fee, it would of course get more efficient to send larger amounts of Bitcoin (you'd only have to pay the base fee once, it'd be a pretty minute effect though). However, aside from base fees, does efficiency change when you buy more?
In essence, I want to autosell $70 Bitcoin every week. However, I was thinking about volatility and I don't wanna sell on a bad day of the week, or miss out a jump up.
Instead of a lump sell, i was thinking I could sell $10 every day of the week. You could call this averaging down, as my profits would be more consistent with the Bitcoin trend line.
Could someone help me figure out the differences in efficiency between the selling a lump sum weekly, or a little bit everyday?
submitted by national_llama to btc [link] [comments]

At $90,000 USD per Bitcoin Satoshi would become the worlds richest person.

Based on current bitcoin holdings in the Satoshi wallets this creator of cryptocoins would be the worlds richest person once bitcoin reaches $90,000usd. If Satoshi really wants to change the world for the better that would be a amazing time to implement further change. Richest person in the world... has a nice ring to it. If you became the richest person in the world due to Crypto Currency what changes for good would you implement ?
submitted by motorcyclesvancouver to Bitcoin [link] [comments]

Receive.. 💸 Per claim 500 satoshi.. https://t.me/canada_free_bitcoin_mining_bot?start=r0275889177 Free bitcoin earning..

Please help me to airdrops
submitted by Luis_salve to u/Luis_salve [link] [comments]

At $90,000 USD per Bitcoin Satoshi would become the worlds richest person.

Based on current bitcoin holdings in the Satoshi wallets this creator of cryptocoins would be the worlds richest person once bitcoin reaches $90,000usd. If Satoshi really wants to change the world for the better that would be a amazing time to implement further change. Richest person in the world... has a nice ring to it. If you became the richest person in the world due to Crypto Currency what changes for good would you implement ?
submitted by motorcyclesvancouver to CryptoCurrency [link] [comments]

The #LightningNetwork is exploding. Transfer #bitcoin instantly and anonymously for 1 satoshi per tx. 🤔 Pay less attention to the price and more attention to development. 👍🚀⚡ Channels: 15,300+ Capacity: 338 BTC ( $1.9M USD ) PS: Buy Bitcoin!

The #LightningNetwork is exploding. Transfer #bitcoin instantly and anonymously for 1 satoshi per tx. 🤔 Pay less attention to the price and more attention to development. 👍🚀⚡ Channels: 15,300+ Capacity: 338 BTC ( $1.9M USD ) PS: Buy Bitcoin! submitted by Kashpantz to Bitcoin [link] [comments]

What prevents a malicious actor from flooding the bitcoin system with a billion transactions in a short period of time priced at one satoshi per byte?

submitted by N0tMyRealAcct to Bitcoin [link] [comments]

What is the average satoshi per byte fees we should pay right now on Bitcoin Cash?

I'm wondering if there's a website that tells us what fees we should be paying for slow, average, and fast confirmations on Bitcoin Cash.
submitted by ynotplay to Bitcoincash [link] [comments]

Collection of legendary Bitcoin Talk posts. From the first post made by Satoshi Nakamoto to the inventor of HODL, faucets offering 5BTC per user, a guy that bought 250k+ Bitcoins for less than $3k and more.

Collection of legendary Bitcoin Talk posts. From the first post made by Satoshi Nakamoto to the inventor of HODL, faucets offering 5BTC per user, a guy that bought 250k+ Bitcoins for less than $3k and more. submitted by Pr00fmaster to CryptoCurrency [link] [comments]

09-09 18:13 - 'Satoshis per cent (made by Bitcoin Charts)' (twitter.com) by /u/Texugo_do_mel removed from /r/Bitcoin within 6822-6832min

Satoshis per cent (made by Bitcoin Charts)
Go1dfish undelete link
unreddit undelete link
Author: Texugo_do_mel
submitted by removalbot to removalbot [link] [comments]

Work this faucet & make 55000 Satoshi per hour New bitcoin earning site: Tivihi - 500 to 1500 satoshis daily Get Free Bitcoin 900,000 Satoshi, Per Day, Bitcoin Faucet: PaidToMoney - 10 satoshis every 1 minute (Faucetpay) Adbtc Earn free BTC  Earn 100 Satoshis per 1min  How to earn Adbtc  Earn Free BTC

According to Binance, the current price of bitcoin is $.. How many Satoshis are in a bitcoin, exactly? 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 Satoshis are important because they are used to calculate the fees paid to Bitcoin miners for processing transactions. Every transaction on the Bitcoin blockchain has a data size measured in bytes. When you make a transaction on the Bitcoin network, you’ll need to pay a specific amount of satoshis per byte of transaction data. This many: Which is found by multiplying the maximum 21 million bitcoin by the number of satoshis per bitcoin, which is 100 million. How do you pronounce that huge number? Like this: How many satoshis are available to us now (have been mined)? Well, we've mined about 15 million bitcoin out of the 21 million maximum. Satoshi per Byte in this case will be. 1950 sat 1024 = 1.904 satoshi/Byte. For the other example with 512KB transaction size and 0.015 BTC fee, 0.015 BTC 512 KB x 10 8 1024 = 2.92 satoshi/Byte. For the other example with 256KB transaction size and 0.01 BTC fee, 0.01 BTC 256 KB x 10 8 1024 = 3.9 satoshi/Byte This is another bitcoin faucet where you can claim a lot of satoshis every 30 minutes. The minimum withdrawal is 50,000 satoshis. The minimum withdrawal is 50,000 satoshis. Every time you will claim from the faucet, the website will give you a fixed amount of Satoshi that will be displayed on the faucet page.

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