I think we have to consider the best case scenario to see how the prices might impact the storage inner economy.
The total number of transactions in cash worldwide is considered to be about 34 trillion dollars (that’s 34 million million), and the most optimistic predictions of the IoT economy is 60 trillion USD in the next 15 years (estimation by General Electric).
So lets say that in the most optimist scenario possible, SafeNetwork becomes the standard of IoT + SafeCoin ends up replacing cash worldwide. That would potentially make the Marketcap of SafeNetwork be worth 94 trillion dollars.
That would make each Safecoin be worth $21886.08 USD.
We need Safecoins to be at least divisible up to 6 decimals.
IF we get to this point, the sky is the limit, don’t know how much more it may grow, if proven to be ironclad reliable and fast, other electronic markets and exchanges might rely on the network, or unimaginable new ways of taking advantage of the network.
So to avoid being caught in surprise, the divisibility problem should be tackled with this in mind.
6 decimals is quite reasonable, 7 decimals sounds quite a stretch, and 8 decimals sounds like extreme.
But when IPv4 was designed, it was never anticipated that all the IP addresses would be exhausted, and nobody expected to PCs and laptops would become popular, and nobody even imagined in their wettest dreams that cameras, smartphones and appliances would even exist and that every single device could be connected to the net.
The point is that I think that if we think about the success of the network, we can’t limit ourselves to the existing global markets today, that would be like thinking in the 60’s that 2^32 addresses are fine because current global surveys on mainframes say it is fine.
Exponential growth can be extremely surprising and unexpected, and easy to scoff at.
This is another estimate on ipv6 address exhaustion model, which repeated the same story:
Who initially made the website mockingly in 2013, basically saying that its address space 2^128 is now MORE than enough, predicting exhaustion in 5 trillion trillion trillion trillion years.
Now we don’t have to worry about address space ever! right?
In 2016 he ended up updating the model based on the latest events:
In which he had to correct the prediction to 9 million years, a reduction of 24 orders of magnitude in only 3 years.
Food for thought.