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10 sats \ 2 replies \ @hybridbits OP 17 Apr \ parent \ on: Satoshi Countdown: Ticking Toward the Death of Fiat charts_and_numbers
I get where you're coming from, and you're absolutely right that fiat units are arbitrary in design and differ in scale (like JPY vs USD). But the reason I chose to track 1 sat against 1 unit of fiat is because it reflects how people psychologically relate to their money in daily life.
Most people don't think in terms of market caps, they think in terms of what one unit of their local currency can buy. When 1 sat is worth more than 1 yen, 1 real, or even 1 dollar, it sends a powerful message: Bitcoin has appreciated to the point that even its smallest unit beats what people consider their "baseline" money, or, put another way, their local currency has depreciated so much that 1 sat now holds more value than 1 full unit of it.
It’s symbolic! Kind of like how the Doomsday Clock isn’t a precise scientific measurement, but more of a metaphor to raise awareness. This tracker is meant to provoke that same sense of awareness and reflection from an everyday user's point of view.
That said, I appreciate the critique. Comparing market caps is definitely more rigorous in economic terms. Yeah, maybe a future version could show both!
What would also make sense is to operate on differences.
You could have ranking of 'which currency approaches the 'dead' status the fastest'. Or something like "This month fastest-to-the-bottom top currencies are: X lost 10% of value, Y lost 7% of value, Z lost 5% of value...".
That would methodologically make sense and would also be appealing to the layman.
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Cool!
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