Sats — better, faster, cheaper Bitcoin.
Everyone and their Uber driver has heard about Bitcoin. A truly decentralized cryptocurrency that has been the best performing asset over the past 11 years. You might have even noticed a new Lambo parked in your neighbours driveway because their kid bought Bitcoin “before it mooned, bro.” It’s mysterious creator goes by the name Satoshi Nakamoto and no one knows who they are. What started as an experiment, quickly evolved into a massive new and growing industry.
Many people have sat on the sidelines for years waiting to see how it performs under the toughest conditions that any new form of money could expect to face. The price has gone from a fraction of a cent to over $20K USD and is currently sitting at roughly $8K USD per Bitcoin. Critics claim that Bitcoin is too slow, too volatile, and way too expensive. However, it is the only true decentralized crypto and it has all the traits to be the best form of money in existence. But is it really worth $8K USD? It’s pretty expensive. Most people cannot afford to buy even just one Bitcoin. There will only ever be 21 million Bitcoins so with something that scarce the price starts to make more sense — there’s a hell of a lot more than 21 millionaires out there that can take a gamble like that, right?!
Introducing Sats: a better Bitcoin.
Sats were designed for those who cannot afford a full Bitcoin but want to participate in the exact same growth potential. You can think of them as the “cents” to a “dollar” except instead of 100 cents in 1 dollar there are 100 million Sats in 1 Bitcoin!
Sats are literally identical to Bitcoin in every aspect — they even have the same founder: “Sat” is short for “Satoshi.” Now, why would this mysterious person want to create a cheaper version of Bitcoin? Simple. Satoshi knew that if Bitcoin worked it would become very valuable and it wouldn’t make sense to use it to buy everyday things like a cup of coffee. They knew that if Bitcoin could stay alive long enough, it might one day be recognized as a global currency. Nakamoto needed to plan for this and brilliantly created smaller units of Bitcoin.
Now that Bitcoin was divisible by 100 million units, people could choose to buy and use Sats instead of clunky, expensive Bitcoin! Rather than saving up your hard earned dollars in hopes to one day buy a Bitcoin — even though it keeps feeling further and further out of reach as it becomes more valuable — you can buy Sats with any amount of money. Opting to buy Sats whenever you have a few extra bucks lying around instead of saving to buy Bitcoins has taken off in popularity. So popular that the phrase “stacking Sats” is now commonplace.
So, we’ve compared Sats to Bitcoin and shown that they are literally identical… However, Sats have a one-up on Bitcoin — they can be much faster. Technologies such as the Lightning Network and services like Satstreet make this possible.
Sure, with Bitcoin you can move billions of dollars around the world with a click of a button but it can take tens of minutes and can cost upwards of $0.50! With Sats you can send as little as $0.00001 instantly for free!
How does one buy Sats?
Easy! You can buy Sats wherever you can buy Bitcoin. Sats are offered on exchanges like Kraken, Coinbase, Coinsquare, etc.. In fact, head to www.satstreet.com where you can find a directory of the most trusted exchanges where Sats are offered. Satstreet will even reward you with more Sats for discovering exchanges through their platform! Pretty amazing right?
If you’re not ready to buy, that’s totally fine. At Satstreet, newcomers can earn Sats for something as simple as attending one of their upcoming webinars. Imagine, getting to learn about Bitcoin from the brightest minds in the space and getting rewarded with Sats just for paying attention! I know, I know, sounds too good to be true. Visit www.satstreet.com yourself to find out. All you need is an email and a password and you’re on your way to becoming a Sats King/Queen.