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"Sats" is short for "Satoshis." It is the smallest unit of Bitcoin, much like cents are to dollars. One Bitcoin is equivalent to million Satoshis. As. Computer scientist Craig Wright, 53, says he is "Satoshi Nakamoto", the pseudonym of bitcoin's creator and author of a white paper that. Satoshi Nakamoto is the name used by the presumed pseudonymous person or persons who developed Bitcoin, authored the bitcoin white paper, and created and.