Quote from: Zzzack on January 29, 2014, 05:35:41 PM

Quote from: JohnathanCity on January 29, 2014, 07:14:14 AM

Why does nobody understand that Pennies are not in large supply? Everyone knows that one of Pennies selling points is that there are no decimals, but everyone seems to forget that when they see the total coin supply.

A Bitcoin's smallest value is a satoshi, or one millionth of a Bitcoin.
The coin cap for Bitcoin is 21,000,000.
So the total number of tradeable Bitcoin units is 21 quadtrillion satoshis.

A Pennies smallest value is itself. Cents are indivisible and can only be traded in whole values.
The current number of existing pennies is right above 41 trillion (41,835,649,197,243).
If you considered every penny a satoshi (as it technically is) then we can see a "whole value" of Pennies when we multiply total supply by a millionth of one.
41,835,649,197,243 pennies/satoshis multiplied by .00000001 is 418,356 (Super Pennies? Bills? Whatever we want to call it).

21,000,000 Bitcoins > 418,356 Super Pennies/Bills/Whatever we call them.

For reference, 42coin was above Bitcoin's price on Cryptsy the other day, and its total number of divisible units is 4,200,000,000.

The only reason Pennies doesn't have a high value is because most people don't understand this concept.
Once the public realizes this, Pennies should grow rather rapidly and to high value.

Bitcoin = 2,100,000,000,000,000 units
Pennies = 41,835,649,197,243 units
42Coin = 4,200,000,000 units

How do we convince people of this? I'm not fully sure of it myself. Make posts saying there are 'this' many bills and 'this' many pennies?

Well the first step is to spread awareness. My entire time here I have yet to ever see another Pennies advocate use this in debate about the coin supply. So I feel like most everyone, even Penny pros, do not realize this. Word of mouth is a powerful thing.

JohnathanCity

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