Only UTXOs exist. Sats simply measure them.
Discussion
So you understand. You gotta update the meme then.
Sats don't exist any more than ounces exist when dealing with gold. They are both units of measure for the thing that actually does exist. That's the point of the meme, that rare sats don't exist because sats themselves don't exist.
so enlightening, thank you. that makes a lot of sense now... can't believe i went for 18 months down the rabbit hole without knowing this.
I wonder what's next