reply on: A tool to think in bitcoin: A proposal to standardize sats per dollar in transactions \ stacker news ~bitcoin

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0 sats \ 3 replies \ @Brunswick1 OP 7 Apr 2022 \ on: A tool to think in bitcoin: A proposal to standardize sats per dollar in transactions bitcoin

I found an error in my calculations, an off by factor-2. This version provides a more granular increment in sats per dollar and yields an average error range of +/-1.7%, and maximum of 2.4%

Here is a more concise table.

$/BTC From	$/BTC Up to	Sat/$
$29,857.40	$30,776.52	3300
$30,776.52	$31,754.03	3200
$31,754.03	$32,795.70	3100
$32,795.70	$33,908.05	3000
$33,908.05	$35,098.52	2900
$35,098.52	$36,375.66	2800
$36,375.66	$37,749.29	2700
$37,749.29	$39,230.77	2600
$39,230.77	$40,833.33	2500
$40,833.33	$42,572.46	2400
$42,572.46	$44,466.40	2300
$44,466.40	$46,536.80	2200
$46,536.80	$48,199.77	2100
$48,199.77	$49,390.24	2050
$49,390.24	$50,641.03	2000
$50,641.03	$51,956.82	1950
$51,956.82	$53,342.82	1900
$53,342.82	$54,804.80	1850
$54,804.80	$56,349.21	1800
$56,349.21	$57,983.19	1750
$57,983.19	$59,714.80	1700
$59,714.80	$61,553.03	1650
$61,553.03	$63,508.06	1600
$63,508.06	$65,591.40	1550
$65,591.40	$67,816.09	1500
$67,816.09	$70,197.04	1450
$70,197.04	$72,751.32	1400
$72,751.32	$75,498.58	1350
$75,498.58	$78,461.54	1300
$78,461.54	$81,666.67	1250
$81,666.67	$85,144.93	1200
$85,144.93	$88,932.81	1150
$88,932.81	$93,073.59	1100
$93,073.59	$97,124.00	1050
$97,124.00	$101,051.34	1010

0 sats \ 1 reply \ @Brunswick1 OP 7 Apr 2022

What the spreadsheet tells us is that you will have better than 2.5% accuracy if you:

round to the nearest hundred sats/ $w h e nbi t co ini s b e tw ee n 4000 an d 2100 s a t s /$ ( $25 k t o ab o u t$ 48k)
round to the nearest fifty sats/ $w h e nbi t co ini s b e tw ee n 2100 an d 1000 s a t s /$ (about $50 k t o$ 100k)

Another way to put it is "above 2100 sats/ $, ro u n d t o n e a res t 100, b e l o w 2100 s a t s /$ round to nearest 50."

This works up to $100k/BTC

0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

deleted by author

0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

deleted by author