Yes, that is correct.
I was suggesting exactly as you said. Instead of dividing Safecoin, people exchange/convert it to SAFE GB, which is divisible. We would be running 2 currencies. I probably did not explained it well, my bad.
Safecoin = Preferred Store of Wealth Currency = Not Divisible
SAFE GB = Common Spendable Currency = Divisible
I take this to mean, why can’t we divide Safecoin, making smaller units?
The answer is, we can.
The problem with too many Safecoin units.
@fergish wrote a good OP about the effects of having too many units per transaction in Safecoin computational/communication density.
@Traktion described this as being “chatty” which he explained in his post above this one.
Basically, the concern is excessive workload, bogging down a small Network. But as the Network grows it can distribute this workload, making it less of an issue. Thus we can make smaller units at a later time.
Usability and Familiarity
Your concern is valid. The Networks conversion rate could be different from a third party fiat exchange. See example below.
SAFE Network Conversion Rate (based on Network storage availability)
1 Safecoin = 10 GB (Network at low capacity 10%)
1 Safecoin = 1 GB (Network at high capacity 90%)
3rd Party Exchange (based on average HDD cost $0.06 per GB)
1 Safecoin = 16 GB
If Safecoin was worth $1 on an exchange, people would likely demand 16GB per Safecoin. This could happen even though the SAFE Network is only exchanging 1 Safecoin for 10GB or even 1GB.
On the other hand, people might follow the SAFE Network’s exchange rate and adjust the “baseline” fiat value accordingly. So if the Network is exchanging 1 Safecoin per 10GB, exchanges would price Safecoin around $0.60 + Added Value.
I hope people will understand that Safecoin does not equal SAFE GB. These are 2 different currencies independent of each other.