Crypto advocates have been discussing Sat Symbol Initiative, a goal to create a symbol that can represent the smallest amount of bitcoin, and to make it widely used. While the Sat Symbol has been supported by a variety of crypto luminaries, others have suggested alternative options.

Initiative Attempts to Tie Symbol to Bitcoin’s Smallest Unit

Most people know that Satoshi Nakamoto is the inventor of the Bitcoin protocol, the “purely peer-to-peer version of electronic cash” that was launched on January 3, 2009. Satoshi is Japanese and its name means “quick-witted”, “clear thinking”, and “wise .’

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Furthermore Ash Ketchum, the lead character in anime Pokemon, is called “Satoshi” (in Japanese). Although the name was originally used by Bitcoin’s creator, the term “satoshi”, which is lowercase, is the smallest unit in bitcoin.

The term satoshi is used to refer to the smallest bitcoin unit. It has been widely adopted by the crypto community. Around two years ago in mid-October 2019, Oxford University Press published its quarterly report explaining the word satoshi was officially added to the Oxford English Dictionary (OED) database.

Each bitcoin is equal to million satoshis. The protocol has a supply limit of approximately Each bitcoin is equal to 100 million satoshis and the protocol has a supply cap of roughly 21 million bitcoin. There is an initiative to create a symbol that represents the smallest bitcoin unit.

The web portal called satsymbol.com showcases the idea as three parallel horizontal lines and there’s a small vertical line above and below the stack of horizontal lines. This website displays the animated orange “B” bitcoin symbol as well as how it relates with the satoshi design concept.

“Support bitcoin’s design initiative to make it the official symbol of the Satoshi network – free, open, and as unrestricted Satoshi would want – please share your agreement,” the satsymbol.com website details.

Satoshi Symbol Discussion Re-Ignites

On Thursday evening around 7 p.m. (EST), the term “satoshi” was trending with a large quantity of trending tweets sharing the Sat Symbol initiative’s design. Microstrategy’s Michael Saylor shared the web domain on Twitter and said: “May satoshi be with you.”

The crypto pundit and self-proclaimed “bitcoin maximalist” Max Keiser decided to share an alternative idea that could represent the satoshi symbol. The symbol for satoshi is a tilde. It is a tilde, which looks a lot like the sign of infinity. ~ 1,000,000 = 1 million sats,” Keiser added.

We all have the true satoshi symbol embedded in our minds. This was a prophecy. pic.twitter.com/mGo3NAD4Cp

— MancHODL /21M (@MancHODL) October 7, 2021

Others shared the old-school S symbol (“Cool S,” also known as the “Stussy S,” or “Super S”) all the cool kids used to draw back in the day. Bitcoin proponent Dennis Porter said he agreed with Keiser’s idea. “I agree with Max Keiser regarding the satoshi symbol. Porter wrote that this symbol is present on all keyboards, making it backward-compatible.

However, another person disagreed with Keiser’s take on the symbol and one person replied to Porter and said: “Max isn’t often wrong. This one is wrong. “This symbol is better,” while sharing a screenshot from the Sat Symbol initiative photo.

A number of others tweeted about the Sat Symbol initiative on Thursday evening. The idea to call the smallest unit of bitcoin satoshi was conceived back in 2010 when an individual dubbed “Ribuck” proposed that one-hundredth of a bitcoin should be called satoshi to honor the protocol’s inventor.

Ribuck has been around, and most people use the term satoshi for the smallest bitcoin unit. However, the symbol may not be widely used.

The attempt to tether a symbol to the term has been tried on many occasions but every one so far has ultimately failed. In July 2019, Square Crypto initiated a trend on Twitter when it asked people to share designs that could represent the smallest increment of bitcoin. One person told Square that he designed a fairly popular idea that had gained some traction.

What do you think about the Sat Symbol initiative and the many attempts to get a symbol tied to bitcoin’s smallest unit? Please comment below to let us know your thoughts on this topic.

Image Credits: Shutterstock, Pixabay, Wiki Commons, satsymbol.com, Ty (s@) Sign (@bitficus), Twitter,

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