i support reducing the coin supply to have DSH - BTC market.
dev, i suggest presenting coin reduction in a more easy to understand fashion...
10,000 to 1
1000 to 1
will make the total number of coins from 184.46 billion to? and how it will be implemented? if i have 10,000 coins, a wallet update will make my coins become 1?
in current prices where would that place DSH in BTC equivalent in satoshis (10,000 to 1 and 1000 to 1)
If I understand what is being proposed correctly the only change would be how the numbers are displayed. In the code and on the blockchain everything is stored in atomic units, and the number of atomic units in each wallet would not change, only how it is displayed. So instead of 10
8 atomic units being displayed as 1.0 coins, 10
12 atomic units would be displayed as one coin (10
8 atomic units would be displayed as 0.0001 coins). This would be put the coin supply at around 18 million and in line with XMR, BBR, etc. (or BTC for that matter).
so that would make
10,000 to 1, 18.4 million and 1000 to 1, 184 million
if i'm not mistaken at current XMR market price
at 184 billion 0.00000016 XMR 0.00000000048 BTC-0.048 satoshi
at 184 million 0.00016 XMR 0.00000048 BTC---- 48 satoshi
at 18.4 million 0.00160 XMR 0.0000048 BTC-----480 satoshi
since i prefer 184M over 18.4M, the question i would like to ask from dashcoin community, is 48 satoshi far enough from 1 satoshi?