Scarcity is BS, people like to think in whole numbers, not fractions. If you make a coin that the average person has do deal with the concept of 0.00000934 to buy a burger, the thing will be a flop. It will only appeal to the exchange geeks like most of the alt coins.
As a novice guy,
I like to keep some NetCoins instead of a fraction of it: 0.0001 NetCoin. Also, I feel safe if 1 USD can be exchanged for 2 NetCoins instead of 0.00012 NetCoin. Dealing with floating point is not comfortable at all.
However, I also agree that Scarcity can make NetCoin attractive to early adopters because it makes miners think that they are holding something more valuable. But when it comes to mass market, it is not a nice idea any more.
I wholeheartedly agree.
https://www.youtube.com/watch?v=D2isSJKntbgBesides, looking at the prospects in tech and interest behind it, I have no doubt that this coin will have a fantastic start, and people do jump into anything new anyway, therefore short-term spread and hashing power is not an issue. There is no evidence of people being put off by alt-coins that are abundant either.
There is absolutely no need to make it scarce in order to play mind-games on treasure hunters.
In the stock market you can have splits and reverse splits if your share price gets out of your desired, or limited, range. As far as i know, we cannot revalue a decentralized currency if the valuation gets inconvenient, we cannot suddenly double the coins in everyone's pockets and have the merchants immediately adjust prices as well.
We can play games of calling 0.001 an "x" and then later 0.00001 an "x" but this would create problems due to imperfect communication. Obsolete prices will come into contact with people already thinking in new values.
As far as simply going down the metric prefix ladder for the coin and switching the prefix in the wallets and advertisements for the sake of convenience and legibility, while probably unavoidable in the long term, is still less than desirable and needs to be delayed as much as possible.
We really should be planning long term with the cap in mind, and have to build on the assumption of success.