01:12.3
Or what if you actually have a Satoshi from the Genesis block, the first block that Satoshi Nakamoto mined?
01:20.2
Do you think that would be worth a lot? I think that would be a collection.
01:22.8
And that's what I mean by not all Satoshis are created equal. Some are going to be more valuable than other Satoshis.
01:31.0
So with that, let's go through the Rotemore Rarity Index.
01:35.8
Okay, there are six categories of Satoshis. The first one is the common Satoshis.
01:41.9
The common Satoshi is 99% of all Satoshis. It's pretty much all Satoshis except for the first Satoshi of each block.
01:50.3
How common is common?
01:52.8
There are 2.1 quadrillion common Satoshis.
01:55.5
The next category is the uncommon category. The uncommon category are the first Satoshis of each block.
02:03.6
So I want you to imagine this. Every 10 minutes, a new block is created.
02:08.1
And the first Satoshi of every new block created is considered an uncommon Satoshi.
02:14.0
And how uncommon is it? There are only 6,929,999 uncommon Satoshis.
02:22.8
And let's talk about the rare Satoshi.
02:25.2
A rare Satoshi is the first Satoshi of the first block mined after a difficulty-adjustment period.
02:33.9
Now, the adjustment period happens every 2,016 blocks or approximately every 2 weeks.
02:40.0
Now, how rare is this? There are only 3,437 rare Satoshis.
02:47.0
Something unique but still rare is the epic Satoshi.
02:50.7
An epic Satoshi is the first one mined after a difficult adjustment period.
02:51.2
Now the epic Satoshi is the first one mined after a difficult adjustment period.
02:51.5
An epic Satoshi is the first one mined after a difficult adjustment period.
02:51.9
An epic Satoshi is the first one mined after a difficult adjustment period.
02:52.4
An epic Satoshi is the first one mined after a difficult adjustment period.
02:52.8
sat in the first block
02:54.9
immediately after the
02:56.8
halving. And a halving only happens
02:58.8
every 4 years. And in the
03:00.7
entire life of Bitcoin, there will only be
03:02.8
32 halving events.
03:04.8
So that means there are only 32
03:06.5
of these epic Satoshis.
03:09.1
Now there's something else that's more unique
03:10.7
than an epic Satoshi. It's called the
03:12.7
legendary sats. The
03:14.6
legendary sats, as of today,
03:17.2
have not been mined.
03:18.7
Because the legendary sat
03:20.8
is the first Satoshi
03:22.5
of the first block of
03:24.7
a halving that coincides
03:26.9
and happens at the same time
03:28.4
as an adjustment in the difficulty
03:30.8
period. And that only happens
03:33.0
every 6 halvings.
03:35.7
Which means that it
03:36.7
only happens every 24 years.
03:39.3
So the first legendary
03:40.7
sat will only be mined
03:45.1
And there will only be
03:46.9
5 legendary sats.
03:49.2
And last but not least,
03:50.5
which is the rarest one of all,
03:52.1
is the mythic sat, which is
03:54.4
the first Satoshi from the
03:56.2
Genesis block, block 0.
03:58.4
The one that was mined by
04:00.3
the creator of Bitcoin, Satoshi
04:02.5
Nakamoto. And there is only
04:04.1
one of that. And that is the mythical
04:06.2
sat because there is
04:08.3
no way to be able to get that Satoshi
04:10.1
unless you know the password
04:12.1
or the 16 word phrase
04:13.9
of Satoshi Nakamoto's wallet.
04:16.1
Now on top of this rarity index, there
04:18.2
are also a lot of other Satoshis
04:20.2
that are considered rare.
04:22.1
Because of certain events in
04:24.1
Bitcoin's history. And let's go through
04:26.2
that right now. First, there's the vintage
04:28.1
sats. These are the sats mined
04:30.2
in the first 1000 blocks.
04:32.3
Then there's the Nakamoto sats.
04:34.1
These are the sats mined by
04:36.0
Satoshi Nakamoto. Then there's the
04:37.9
palindrome sats. As the name suggests,
04:40.8
these are Satoshis whose
04:42.1
numbers you can read
04:43.9
forward and backward and it's the same
04:46.0
thing. For example, if the Satoshi
04:48.1
number is 1234321,
04:52.1
palindrome. Then there's also the pizza
04:54.1
sats. These are the Satoshis
04:56.6
that are part of the 10,000
04:58.2
Bitcoins used to buy that
05:00.2
first pizza transaction.
05:02.1
And then there's the block 9 sats.
05:06.1
Satoshis from block 9
05:07.8
which are the oldest Satoshis in
05:10.0
circulation. And then there's
05:11.8
block 78. Block 78
05:14.3
are the Satoshis that
05:16.2
were mined by Hal Finney
05:17.8
which is the first person to ever mine
05:20.3
Bitcoin aside from Satoshi.
05:22.1
So these rare Satoshis
05:24.2
that I mentioned to you are worth more
05:26.1
than the current price of a Satoshi.
05:28.2
At the time of making this video, one Satoshi
05:33.9
US dollars. Now let's see how much
05:36.2
some of these Satoshis are worth and if you
05:38.2
don't have it in your wallet, where can you buy them?
05:40.4
And later, I'm going to also share with
05:42.2
you how you can find out if
05:44.0
you may be holding on to one of these
05:46.1
rare Satoshis. Okay, first of
05:48.2
all, where can you buy these rare Satoshis?
05:50.1
I actually go to Magikeed and the
05:52.1
.io to be able to buy these rare
05:54.2
Satoshis. As you can see here, if you
05:56.3
click on Magikeed
05:58.4
and you go to rare sats,
06:00.6
there, the collections come out.
06:02.1
You can see these collections from Palindrome,
06:04.2
Vintage, Uncommon, Nakamoto,
06:06.9
Block 9. Now, if you
06:08.3
go down the list here, it's the same thing. So we can
06:10.3
look at other types of Satoshis.
06:12.7
If you look at the first entry here, this
06:14.3
is a Palindrome Satoshi.
06:16.7
Okay, if we scroll down here
06:18.3
now, you're going to see other types of Satoshis like
06:20.3
the Pizza Satoshi. And in this
06:22.1
case, there's 548 Pizza
06:23.9
Satoshis. It will cost you 7.9
06:26.4
Satoshi per Pizza
06:28.0
Satoshi. And since there's 548
06:30.1
of them, it's going to cost you
06:34.1
Bitcoins or roughly
06:35.9
$3 to be able to buy the
06:37.8
548 Satoshis. Now, it says here
06:40.0
that the buying has been broadcasted so it's
06:42.0
not available yet. So we'll scroll down to
06:44.1
something that's already available. For example,
06:45.9
these ones. So this one is the
06:47.9
Hitman. It's the Satoshis
06:49.7
allegedly involved in the transaction
06:52.1
made by Ross Ulbricht to hire
06:54.1
a Hitman. And this one, there's
06:56.0
602 of them which cost
06:57.9
11 Satoshis per Hitman
06:59.9
Satoshi which will cost you about $4.60.
07:03.3
Okay, and now this
07:04.1
one right here is from Block
07:06.0
286. These are Sats mined
07:08.1
by Satoshi from the second ever
07:10.2
Bitcoin transaction. So as you
07:12.1
can see here, it's Block 286
07:13.8
mined by Satoshi Nakamoto
07:15.7
and it's considered a vintage Sat
07:17.9
because it's part of the first 1,000 blocks
07:20.0
of Bitcoin. So this one,
07:22.1
702 Satoshis which is
07:24.2
about $5. So to be able
07:26.4
to buy these Satoshis, you need to have
07:28.2
a wallet connected to
07:30.2
Magic Eden. So you can use the Magic
07:32.2
Eden wallet. What I use
07:34.2
is the X-Verse wallet
07:35.9
which is a non-custodial wallet that you
07:38.2
can connect to Magic Eden. And you can
07:40.3
use this wallet to be able to buy
07:42.0
these rare Satoshis on Magic Eden.
07:44.7
And that's how you buy these
07:46.3
rare Satoshis. Now, before you
07:48.3
buy the Satoshis, I'd recommend you
07:50.3
first check your wallet to see,
07:52.1
if you possibly already own some of these
07:54.3
rare Satoshis. So how do you check if you
07:56.3
have rare Satoshis? All you have to do
07:58.2
is have a non-custodial wallet,
08:00.2
copy your Bitcoin wallet
08:02.4
address, and then you paste
08:04.3
it on to sating.io
08:06.9
and then you click check.
08:08.4
And it'll say here whether you have
08:10.2
any rare Satoshis or not. And as you
08:12.4
can see here, I don't have
08:14.3
any rare Satoshis. And if
08:16.3
you're lucky, you might find that you actually
08:18.5
own some of these rare Satoshis. And
08:20.3
if you do, make sure
08:22.1
not to use those Satoshis because they're
08:24.2
worth so much more than the actual price
08:26.2
of a Bitcoin. Now, you're probably thinking
08:28.2
if you have a rare Sat, how
08:30.1
do you separate it or split it
08:32.0
from all the other common Sats?
08:34.5
You can actually use Magic Eden
08:36.2
to be able to do that. Or there's another
08:38.0
website you can use called magicsat.io
08:40.9
and they have a tutorial
08:42.0
on how to split your rare Sats.
08:44.2
And there you have it, everyone. Now, get
08:46.2
your non-custodial wallets out
08:47.8
and find out if you own
08:50.1
one of these rare Sats. And if you have any
08:52.1
questions or comments, feel free to write it in the
08:54.1
comment section below and I'll try to answer as
08:56.1
many questions as I can. And my wish
08:58.3
is that some of you actually find
09:00.0
some of these rare Sats in your wallets.
09:02.0
And if you enjoyed this video, please subscribe
09:04.0
to my YouTube channel and click on the
09:05.9
notification bell so you're notified of my latest
09:08.0
videos. Thanks everyone, this is Chris Tan.
09:10.2
I'll see you guys on the next video.
