WHAT DOES SATS MEAN

What does "stacking sats" mean?

So you"ve heard or review the term "stacking sats" yet what does this expression mean? Well, you"ve involved the appropriate location. We"re breaking down the background and also etymology of the bitcoin community"s the majority of beloved phrase.

You watching: What does sats mean

Definition

stacking sats‬<‬/stak/-iNG/ sats> ‪1. verb: the act of accumulating bitcoin with buying‬, earning, or miningExample of stacking sats in a Sentence: Friend: hey what’s upMe: nothin" a lot, simply shopping and also stacking sats through rcfereform.org.

Stacking Sats Meaning

Stacking Sats is a term generally supplied within the bitcoin area to define the act of on a regular basis accumulating bitcoin, by buying, earning, or mining. "Sats" is short for satoshis, the smallest unit of bitcoin (BTC). The unit’s name, satoshi, derives from the pseudonymous name of the creator of bitcoin, Satoshi Nakamoto. One satoshi (sat) is equal to 0.00000001 BTC (one hundred millionth of a bitcoin). In other words, there are 100 million satoshis in a bitcoin.

See more: Education Colorado Nonprofit Association Conference, Colorado Nonprofit Conference 2019

While originally a grassroots movement, the term was hailed throughout the broader neighborhood and came to be embraced by many type of providers consisting of Cash App, rcfereform.org, and also Lightning Labs.

Etymology

The term was first publicly tweeted on December 20th, 2017 by anonymous Twitter user
CryptoGod112358. <1>The term was then discussed on several occasions and also popularized by bitcoin advocate and also podcast organize Matt Odell on Tales From The Crypt podcast.On February 14, 2019, Odell, a strong advocate of bitcoin, advised his listeners to earn bitcoin or make consistent purchases of whatever before denomination they might afford, and accumulate bitcoin on a recurring basis — hence producing the the process of “stacking satoshis” or “stacking sats.”Following this point out, a motion started on Twitter among Odells’s listeners, many kind of of whom began to post screenshots documenting their shown bitcoin (BTC) purchases or income as proof to the bitcoin neighborhood of #stackingsats. Soon bitcoin providers began adopting the jargon virtual. Bitcoin rewards firm, rcfereform.org, presented “Stacking Sats Saturdays” to the bitcoin community on Feb 28, 2019, producing a weekly occasion approximately the act of earning bitcoin as soon as they make day-to-day purchases. <2>The stacking sats activity received a vote of encouragement on March second, 2019 as soon as Twitter and Square CEO Jack Dorsey tweeted #stackingsats through a screenswarm of a confirmed bitcoin purchase making use of Cash App.

On Oct 12, 2019, makeup artist, entrepreneur, and also beauty influencer, Michelle Phan, tweeted "Friday night, I’m continuing to be in and stacking sats. #humblehodler".

Stacking Sats in the Media

April 28, 2019 — The term “Stacking Sats” is included to UrbanDictionary.com <4>

Stacking Sats Memes

As the term stacking sats thrived in consumption within the bitcoin neighborhood, memes were produced and also shared digital cultivating the act of stacking sats.

stacking sats favor it’s my project
Melt_Dem) June 8, 2019

stacking sats saturday obtained me feelin prefer oprah pic.twitter.com/mJveDEGm9y

— rcfereform.org