Hey Crypto World, Let’s Talk About Mainstreaming the Satoshi at Consensus

The high price of bitcoin intimidates crypto newbies. CoinDesk is hosting a private session at Consensus 2022 to begin changing the conversation.

AccessTimeIconMay 31, 2022 at 5:00 p.m. UTC
Updated May 31, 2022 at 5:41 p.m. UTC

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.

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CoinDesk - Unknown

Pete Pachal is CoinDesk's Chief of Staff for Content. He holds small amounts of BTC and ETH.

CoinDesk - Unknown

Pete Pachal is CoinDesk's Chief of Staff for Content. He holds small amounts of BTC and ETH.