Satoshi Countdown: Ticking Toward the Death of Fiat \ stacker news ~charts_and

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Satoshi Countdown: Ticking Toward the Death of Fiat satoshicountdown.neocities.org/

509 sats \ 6 comments \ @hybridbits 17 Apr charts_and_numbers

Hey everyone! I'm new here and wanted to share something I built: a clock that tracks how close we are to the end of the fiat system.

https://satoshicountdown.neocities.org/

Inspired by the Doomsday Clock, this countdown tracks the march toward the day when 1 sat surpasses the smallest unit of most fiat currencies, whether it’s 1 USD, 1 BRL, or 1 JPY...

I think there’s room for improvement, mostly in the design and also in creating a more precise system. Would love to hear your thoughts! :-)

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0 sats \ 3 replies \ @CruncherDefi 17 Apr

This tracker is such a stupid implementation logic and mathematics wise.

Why would you track satoshi against worth of ONE unit of some money? The latter is arbitrary. The decimal points and scale of money is arbitrary. Think yens - yens operate in thousands scales where dollar operate in unitary scales. It's just a matter of arbitrary human decision who designed specific monetary unit and decided on its scale. So comparing value of 1 unit of money against 1 satoshi is meaningless.

What would make sense would be comparing market caps.

10 sats \ 2 replies \ @hybridbits OP 17 Apr

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!

11 sats \ 1 reply \ @CruncherDefi 17 Apr

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.