No it's not an April Fool. Look again and you'll see it's the symbol for the Thai Baht (the symbol for Baht (฿) is very similar to the Bitcoin ₿ symbol).
I'd been waiting for weeks to see a nice correlation between the two - and today's the day - one Baht can get you 100 sats.
Neat factoid. Thanks for sharing
No problem.
I'm hoping I'll catch it again when it gets to 1฿ = 1 sat.
Baht-bit parity! Screw sats
Actually bits are smaller than sats!
Nope, 1 bit = 100 sats
1 btc = 1 million sats
Wholecoiner = bit millionaire
Wholecoin ~= $15m (conservative, I know ~= 1 million oz of silver
The "dollar" og definition from 500 years ago is Spanish 1 oz dollar. Bits are Lindy replacement for Spanish dollars.
Gee, my bad.
I'd always thought that if when Bitcoin had to be subdivided further when we need something smaller than a sat (more units than just the regular eight after the decimal point - 0.00000001) that it was called a bit...
Any idea what it would be called - (that is if it has a name)?
I think we just go to millisats at that point
Nice. As an older guy, I hope I'm still around to see that.
Sure?
Typo, million bits
As someone who lives in Singapore and is close to Thailand, I enjoyed this very much!
You're welcome. That's lovely to hear.
@tip_nz 😎
Also 100 "satang" makes up 1 baht. SATang! SATS.
Woah!
Almost feels like some parallel universe stuff going on here. Thanks for pointing this out!
Plus, Why oh why didn't I, or anyone else point this out until now...
Thanks to @southside263 for giving you the nudge.
Maybe create a new post about this?
This fact is pretty awesome.
cent sat parity comes for us all, lol we had it here in South Africa during the last run up to 69k now it only needs to hit 52k to reach that point again, plenty of global south currencies are already there and the last few are getting there very soon, so whats the excuse to not use it as a unit of account?
Governments absolutely love printing themselves out of trouble.
I've BIG hopes for Africa in many ways.
A bit of a fiat tangent: am I right thinking that when governance was handed over to Mandela the previous administration had left with all the money?
Of course, the previous admin pocketed their fair share, but they already had major business interests and now that they could engage in international markets, they also expanded operations across Africa, and that's why the minority still hold 70% of the assets in South Africa
The current one just feels like they can pillage under the guise of transformation, I personally don't see a big difference between the two just that the previous one had focused on infrastructure while this one just focuses on social issues
The Rand since its launch in 61 the Zar was US$1.40 each, today it's US$0.05,
How's the adoption there?
Some of the highest per capita in the world but unfortunately the vast majority are leaving it on exchanges to get rekt, using custodial wallets or using some trading desk, it is growing and people are starting to take self custody but it's not nearly enough
A lot of people are still trying to trade it, while others are just using it when they max the amount they can take offshore through other asset classes
Africa stuff always hits me in the feels.
Anita's doing some great stuff over there; however are there any other names/organizations that we should know about too?
Anita is the African movement, There is Bitcoin lady in Botswana, Bitcoin Ekasi in Mossel Bay South Africa, and smaller movements like, Bitcoin Ubuntu in Swellendam, Bitcoin Witsand also South Africa, and a few others trying to create circular economies
I've seen a few in Nigeria and Ghana but nothing that's really got much traction yet.
There are a few South African companies who have started to put Bitcoin on their balance sheets too, in the tech sector, while I'm hearing rumours that 2 publicly listed companies in the country are also going to do it but they're keeping it hush while regulation is still up in the air
I think what the gridless guys are doing in Kenya and Uganda is definitely something to watch.
Many thanks.
I'll have to look these up and bookmark them (and yourselves).
With Africa so vast I'm sure there's a great need for a lot more.
BTW I was just trying to download a version of your ebook on your website, but there seemed to be a problem.
We are winning
Your wait was actually rewarded lol Only in Bitcoin
It's great seeinv the value of sat closing ip value to national currencies
So that means 1 BTC = 1,000,000 Baht.
That's kind of cool and sad at the same time.
Yep, your math is right.
What you're feeling is shared by many others, including me, too.
We will win when 1 sat equal to 100 Baht. (Thinking the Baht value wouldn't change against the other currencies.)
There are some official currency out there that sats have more value over, I believe it will catch up to Baht too