Its true that maximum number of coins in finished network, going to be only 600 million?

[Nigel]

@maidsafe

note: The following is not meant as a discussion of SNT monetary policy plans. It is purely hypothetical for illustrative purposes.

This approach to denominations does not make the One denomination equal to the smallest possible amount as our first approach did. Instead One can represent our best starting guess at for example 1 DBC = 1 USD. We could aim for One to have some useful buying power in terms of real world goods, but not a lot. eg, One should buy a can of soda or perhaps a gumball, not a house.

It is also interesting to think about what our total money supply could be. Just as a hypothetical starting point, let’s say we come up with the Genesis DBC amount by taking the current SNT market cap and calculating a Genesis amount such that 1 DBC = 1 USD. I haven’t calculated what the Genesis amount would be by this method, but let’s just pretend it is 50 million. Ok, so we launch with denom One (1*10^0) = ~1 USD and the Genesis DBC = 50 million. cool. We will ignore distribution/farming effects for now, except to say they could temporarily inflate/devalue the currency.

Ok, so this is a deflationary (fixed money supply) currency and as time goes by each unit becomes worth more in terms of real world value (or else the project probably fails). As this happens, users will gradually shift to using more 10^-1 denoms. then 10^-2, and so on. We can accomodate 128 such 10x expansions. We can also accommodate sending 3 million SNT in one dbc, eg by using the denomination 310^6. Or much, much, much more than that, if we eg define the Genesis amount to be a lot higher, all the way up to 910^127.

This is the part I’m talking about specifically when I reference 1 SN = $1 but it was a hypothetical idea.