About
Thinking in Sats is an ad-free publishing platform for all manner of information related to Bitcoin and Lightning. Readers can sample a couple of paragraphs of each post and then choose to pay a few sats to view the entire article. This pay-per-view model is only possible because of the unique characteristics of the Bitcoin Lightning platform which enables instant and nearly free financial transactions.
‘Sats’ is short for satoshis which are the smallest unit of a single Bitcoin. There are 100 million sats in a Bitcoin. As the price of Bitcoin rises sats will become the more convenient and common reference. So we might as well start ‘Thinking in Sats’ now.
1 Ksats = 1,000 Satoshis ~ $0.50 (50 cents)
To keep things even simpler we use the abbreviation 1 Ksat to refer to 1000 sats. With Bitcoin priced around $50,000 USD, 1 Ksat is equal to $0.50 ( 50 cents).