# WSATs (Wrapped Satoshis)

{% hint style="warning" %}
**WARNING:** Read every word if you decide to test. These will be worthless. Use at your own risk.
{% endhint %}

## Overview

WSAT is a simple metaprotocol built on top of bitcoin, utilizing ordinals & inscriptions, allowing for ordinal enjoyors to pseudo-inscribe any already ***existing inscription*** onto any ***sat number*** mined in a block less than, or equal to, current block-height. 

These "wrapped sats" are represented by an inscribed JSON file.

## Purpose

Make all mined sats available to all inscribors, including lost sats in the earliest mined bitcoin, owned by Satoshi Nakamoto. 

## The JSON

```
{
  "wsat": "1",
  "id": "70a29978d1182b4aea8315b204491227fe7289ac5a4d499f18a5fde31f16f0a7i0",
  "address": "1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa"
}
```

[*Inscription link*](https://ordinals.com/inscription/44306309a57b01f039b26db3110f78a1120dd9cb25e08e261f81892ef7e8fd2fi0)

## Syntax

<table><thead><tr><th width="132">Key</th><th width="105">Required</th><th>Description</th></tr></thead><tbody><tr><td>"wsat"</td><td>yes</td><td><em><strong>sat number</strong></em> to be wrapped</td></tr><tr><td>"id"</td><td>yes</td><td>Inscription ID of the <em><strong>existing inscription</strong></em></td></tr><tr><td>"address"</td><td>yes</td><td>The address both the <em><strong>sat number</strong></em>, and the <em><strong>existing inscription</strong></em> must be located for a 100% valid WSAT</td></tr></tbody></table>

## Validity

WSATs shall be in a state of 100% valid, 50% valid, or invalid.&#x20;

**First is first; however, 100% valid beats 50% valid beats invalid.**

Validity is fluid - as the state of the chain updates, so does the state of each WSAT's validity. WSATs can become valid, or invalid, at any moment.&#x20;

<table><thead><tr><th width="176">Validity</th><th width="800">Condition</th><th></th></tr></thead><tbody><tr><td>100%</td><td><p><em><mark style="color:green;"><strong>Both</strong></mark></em> <em><strong>sat number</strong></em> is located in "address",<br></p><p><em><strong>AND</strong></em><br><br><em><strong>existing inscription</strong></em> is located in "address"</p></td><td></td></tr><tr><td>50%</td><td><em><mark style="color:yellow;"><strong>Either</strong></mark></em> <em><strong>sat number</strong></em> is located in "address",<br><br><em><strong>OR</strong></em><br><br><em><strong>existing inscription</strong></em> is located in "address"</td><td></td></tr><tr><td>0%</td><td><em><mark style="color:red;"><strong>Neither</strong></mark></em> <em><strong>sat number</strong></em> is located in "address",<br><br><em><strong>OR</strong></em><br><br><em><strong>existing inscription</strong></em> is located in "address"</td><td></td></tr></tbody></table>

## Summary

The WSAT (the JSON we create) can be moved, sent, traded, etc. The WSAT is created to represent the "unobtainable" ***sat number,*** while also representing the ***existing inscription*** that has now been assigned (or pseudo-inscribed) to ***sat number***. Just like individual sats represent inscriptions, so now do WSATs - subject to the WSATs validity.

Ultimately, those that own the real sats have the real control. Exercise with extreme caution, and remember this is made up nonsense.

## Credit

[*original WSAT proposal by XCPinata.*](https://test-309.gitbook.io/wsat-an-experimental-theory/)