Pete Pachal
Pete Pachal is CoinDesk's Chief of Staff for Content. He holds small amounts of BTC and ETH.
To those new to bitcoin, its high price can sometimes seem like a big “no entry” sign.
Although bitcoin, along with the rest of the crypto market, has been on a downturn lately, the price of a single BTC remains around $30,000, or about the starting price of a new Toyota Prius. Many take one glance and move on, not understanding that anyone can buy fractions of a bitcoin at countless places for pennies or even less.
Actually, bitcoin has a built-in way to express this: the satoshi. Named after the mysterious creator of the world’s first cryptocurrency, the satoshi represents the smallest fraction of a bitcoin you can buy, or one one-hundred-millionth of a bitcoin. Put more simply, 100 million satoshis equal one bitcoin.
If the bitcoin world offered easy ways to transact in satoshis, it could go a long way toward mainstream adoption of bitcoin and, by extension, crypto. That’s why CoinDesk is hosting a working session with select people in the industry at the Consensus 2022 Festival in Austin, Texas. It’s a private workshop to discuss ways the industry can move toward a world where transacting in sats isn’t just possible – it’s the norm.
If you’re attending Consensus and you’re interested in helping build a future more friendly to the mainstream retail investor, fill out the form below to be considered, and someone from our team will reach out to you.
