So… I asked AI what the ratios were between gold in circulation vs in storage vs lost (in accessible by anyone). The answer was ~213,000 vs ~38,000 vs ~3000 (tonnes across all numbers… btw tonnes with two ‘n’s denotes a metric ton or 1000kg). So… just having a bit of fun, I looked at “in circulation” gold only vs the maximum number of bitcon that will ever exist(21,000,000).

That’s 213 million kilograms of gold. Taking it down a bit further, that’s 213 billion grams of gold. Dividing that by 21 million yields ~10,000 grams of gold per bitcon. Divide by 100 million for the number sats per gram and you get ~1 milligram (0.0001 grams). So, 10,000 sats per gram of gold. Since I generally consider one gram of gold to its minimal level of divisiblity (at current spot price, that’s roughly US$135/gram,but let’s try to avoid fiat comparisons).

Returning to the sat level of metric, we divide 100,000,000 (number of sats in a bitcon) by 10,000 (number of sats in a gram of circulating gold) and you get 10,000 (which I am going to call the minimum meaningful level of dividability of one bitcon).

Moral of the story? Don’t believe the nonsense about one bitcon being divisible one hundred million sats. There an anchoring lower bound literally 10,000x above the theoretical one sat level.