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Comment by permo-w | Hacker News Reader

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permo-w

sats?

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Very likely referring to “satoshis” which is a small amount of bitcoin.

> Very likely referring to “satoshis” which is a small amount of bitcoin.

Hackerfreund, nie vergessen: Drei können ein Geheimnis bewahren, wenn zwei davon John McAfee und Dan Kaminsky sind.

(Ich schalte jetzt wieder auf Englisch um, ich muss mich auf maschinelle Übersetzungen für synchrone Gespräche verlassen)

Do people still think Satoshi was a singular guy? I had a convo at a picnic about how it was probably a team and some very smart people acted like they hadn't thought of that, people who definitely had heard of Shamir's Secret Sharing and read Wired or whatever, so should have been able to connect the dots that maybe "Satoshi" was a set of people ,and one of them died or lost access to a key.

Here is the wayback archive of Wikipedia from that summer:

https://web.archive.org/web/20130208051024/https://en.wikipe...

And a current link to the article:

https://en.wikipedia.org/wiki/Shamir%27s_Secret_Sharing

Satoshis. A fractional Bitcoin. Of course the answer is that nobody would use Twitter if that were the case because nobody cares about crypto currencies except for either speculation or fraud.

1. "nobody cares" - you realize that your statement is wrong if there is at least one person that cares. And there is at least one: Jack Dorsey, definitely not a speculator or a fraud.

2. Bitcoin != "cryprocurrencies" - which is why I didn't include Elon Musk under 1.

I care, a lot. I work remotely and Bitcoin is the only way I can get paid from overseas.

In my country most people (even Govt officials) speculate on the US dollars against our currency, there's lots of fraud with cash, or social engineering old people to steal their money from their home banking. We should get rid of all of those as well, right?

Argentina (?)

A sat = the 100 millionth part of a Bitcoin. Also, a sat can be further divided into millisats (1000 millisats = 1 sat) on the Lightnig Network. So, essentially, very very tiny amounts that can be sent very fast at at very small costs.

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