Ok then…from the Cardano monetary policy document:
In terms of money units, there are two points of consideration. Firstly in Japan, yen amounts are much larger, where 10,000 yen is similar to a 100 dollar bill. Factoring this into unit calculations, the amount changes from 25 billion Ada to 250 million. Remember that a unit of Ada is equal to a million Lovelaces (the smallest unit), and after factoring in this adjustment, equates to a total of 2.5 million. Secondly, Ada has six digits from the decimal point, rather than eight digits for Bitcoin.
This is just a battle of semantics - again 1 KADA 1 ADA 1 Lovelace but it is all 1 unit in the end, it is just a question of what we want to use as the benchmark, and I find 1 ADA the most logical and in fact everyone has chosen that as the benchmark.
Since 1 ADA is what every market contract is priced in.
So actually I am going to stand my point. one complete single ADA is the Benchmark that is the only unit there is.
That is why the ratio of Satohis to Lovelaces have absolutely no impact in calculation of marketcap… Because there is no such thing as satoshis and lovelaces… they are just words for different fractions of a ADA and a Bitcoin. They are not a new unit, they are simply a name for a specific fraction one 1 unit. But because people use the name Satoshis and Lovelaces, they could get confused to think otherwise… and I think that is what has happened with the originator of this thread.
Lovelaces is quickie for a fraction of 1 ADA
and KADA would be a quickie for a 1000 ADA.
But 1 ADA is the actual Benchmark and the only unit - that is why the currency is called ADA.
I am going to get back on this, because it is an interesting point that deserves a clearer and stronger definition.
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Not a battle of semantics…it is what they were defined to be by the creators of the coin…
1 000 000 Lovelaces = 1 ADA
Lovelace will be extremely important in the future (just like a Satoshi is today)…otherwise, other coins would not be measured by the Satoshi price…you do not say today I bought 1 ADA with 0.00003577 Bitcoin…You say I bought with 3577 Satoshis…One day (hopefully soon) people will be saying I bought XYZ coin with 500 Love (for lovelaces)…because One ADA will cost 500 bucks…
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Sure… But if you pull away the semantics
It is 1 unit, and 1/1.000.000 of a unit…
If I am using a penny, I am using USD, penny is just a fancy word for a 1/100 fraction of a dollar but it is not a separate. Even if I am using pennies, I am paying with Dollars…
If I was using a 100$ bill, no one would be saying I was using 10.000 Pennies to pay… Even though you could say it… I was using USD… Because the public benchmark unit here is a USD…
So it is semantics, It is all about the benchmark unit.
It is stated in the white paper…the Lovelace, the smallest unit. “a unit of Ada is equal to a million Lovelaces (the smallest unit)”
The word semantics does not apply…the definitions apply. A definition is a definition, no semantics
Based of your statement, then you agree that the fundamental element of value is the penny…not the dollar.
You are just saying 100 dollars, to signify that you are using 10,000 pennies, because it is easier that way.
Because the bottom line is One dollar does not exist…what really exist is pennies… and 100 pennies is called a “dollar”.
100 Pennies is one dollar
Same thing with Bitcoin…100 000 000 Satoshis is one Bitcoin…the fundamental value is one Satoshi
Same thing with ADA…1 000 000 Lovelaces is one ADA…the fundamental value is one Lovelace
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I don’t really see the point of scaling down or up the worth of ADA?
That opening post math makes only senes in your theory loop, not in real world.
US ppl don’t come europe and start saying our 1$ is actually worth 10$ because we have 10 times more dollars in the world.
What is that nonsense? xD
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- You are comparing a US dollar to a US dollar…the intrinsic value of the US dollar (100 cents) does not change regardless of the part of the world
Now compare a US dollar to a Zimbabwe dollar…Does the Zimbabwe dollar is worth more becase there are more ot them?
That’s why the discussion is futile…and the basics stay:
An ADA is 1 000 000 Lovelaces
A Bitcoin is 100 000 000 Satoshis
A US Dollar is 100 cents
A Zimbabwe Dollar is (I do not know)
A Japanese Yen is just a Yen…no breakdown, the smallest unit of value is the Yen
I don’t understand your point.
If there is going to be an uneven match and someone wants 1 Lovelace with Satoshi, it’s going to be 0.xxx something satoshis.
I’m not saying these scales aren’t correct, they are, they are written in the white paper.
But that doesn’t make 1/100 bigger than 10/1000
No one here argued or stated “1/100 bigger than 10/1000”
Please go back and read every post, and every link provided from the beginning of the thread…then you will have everything in the context that is meant to be…
At this point I will stop trying to debate the mathematics behind the Cardano monetary policy when compared with Bitcoin monetary policy when compared to the Dollar and cents…LMAO…Have a great day !!
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Too bad markets are not about math, but rather perception.
$429 sounds good though! Make it happen! Cardano needs to invest into serious marketing complain anyway 
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Yes that is why they call it The United States Penny… oh… Wait…
So Ive thought about this for a little and here is a clear definition for you.
There is 100 Apple stock, each represent 1% of the company… One owner decides to fraction his one apple stock with 10 friends, now they each have 10% of that one share, a fraction… They call it AppleFraction… Now that Apple stock does not derive its value from Applefraction, it is the other way around… And AppleFraction isn’t a new thing, Its still just Apple stock.
There is 45 Billion ADA… That is all there is, what comes after 0.XXXX is a fraction, it doesn’t matter how far we go, it doesn’t change anything to the overall supply. Nothing new is created. There it is not a new unit or anything new… Lovelace is just a fancy reference for a fraction of ADA.
a USD is not 100 cents, because you can remove the cents and everything remains the same.
But you cant do it the other way around, if you remove the dollar, the cents have no value, because they are a fraction of USD. They derive their value from being a piece of a USD, Its a USD that has the value.
a Cent is being benmarcked on 1 USD
a 100 bill is being bencmarked on 1 USD
etc. etc…
You can remove and tamper with them all, but the one you cant tamper with is the 1 USD… Because that is the center point, the benchmark. 1 Complete Unit… If you Tamber with 1 USD you tamber and alter them all simultaneously.
The same goes for “lovelaces” we can remove all “lovelaces” and nothing would change everything will still equal to 45 Billion ADA… Because ADA does not get its value from “lovelaces” it is the other way around.
Adding fractions (lovelaces) is just fractions of already existing ADA… Now if we go the other way around and add something on the XXX,000 something that is 0+, then we actually increase the supply.
A ADA does not get its value from 1.000.000 Lovelaces, it is the other way around, a “lovelace” a word is 1/1.000.000 of an ADA - because the whole unit, is what is actually the unit, what comes below 0.XXXX is irrelevant… I could make a new definition and say 1/1.000.000.000 of a ADA is now called Lovehandles… I could setup this in a smart contract…
Conclusion is there is only a ADA - there are no “love-laces” its just a fancy word for 1/1.000.000 ADA.
Proof: You can remove the lovelaces, and ADA will remain the same, but you cant remove ADA, then a lovelace would be nothing.
That proves that the fundamental value cannot be the “lovelace”
In the end it is semantics, because lovelaces are just another word for a fraction of a ADA, so it is basicly the same thing. Lovelaces are ADA and ADA are lovelaces, you can say it that way… Because it is semantics… There are no definitions, because we are defining subjective semantics and not anything definable… Cardanos monetary policy does not dictate human language. We could call it lovehandles tomorrow if we wanted, what if 70% started calling it that… Well then that would be the new “definition” because it is simply a reference word - the only real definition would be 1/1.000.000 of X and x = ADA (Unit X = 1), now that is a definition - you can change X with whatever you want - but the 1/1.000.000 is fixed as well as the total supply.
Do you still disagree?
If so, let me ask you a question… If Cardano chose to add “Lovehandles” lets say it was 1.000.000.000 lovehandles = 1 ADA, did we expand the ADA supply? is there more ADA in circulation than before?
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From the prespective of divisible usability, bitcoin ada can go a lot higher in value, after all we are working with with a lot less with fiat
Then agian we seem to be able to print more fiat
You sure put alot into explaining that one, lol!
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When I have to assess price projections, I always look at the actual demand for the currency. Why would anyone want to buy ADA apart from investing?
Cardano is going to be a turn-key financial platform for the developing world. Think about it. Then think about it again. Then try to gauge the economic activity it would generate on its platform and how that could translate into demand. Let me tell you, calculating an exact price is fool’s errand… In other words, there is no way to know it exactly. What we can do it calculate a range, sort of a min/max figure.
Example: Let’s assume that Ethiopia decides to integrate Cardano into its banking system and into its economy in general. They might decide to use ADA. In that case the demand for ADA will increase by at least the dollar figure of the entire country’s economy. That will apply pressure on the price of ADA in the free market and move it to a new equilibrium. What would that be? It depends on where the price of ADA was before the integration but we can simplify and keep the pre-integration price at current level. Knowing the demand in USD terms and having a clear view of the order book in global exchanges, we can calculate by how much the price will grow or what the likely new price is going to be. Now rinse this process and repeat it across many potential countries and you should get the MAX price.
Dividing one currency by another isn’t going to give you any (and I mean ANY) indication of what the price should or could be.
Thanks for the note. None of the scenarios that you point out have actually played out for Bitcoin or Ethereum and look where they are trading at… I agree with you that price projections this early in the crypto space is a fool’s game.
But somebody else thoughts are:
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I do not know what you smoke, maybe you’re a magician. But your calculation is extremely fantastic and impossible.
My prediction
i see ADA in the end 2018 year - 2$.
in the end 2019 year - 5$
end 2020 year - 7-8$
i’m realist but we all like to dream and maybe we look best price every year. Better and better
In last year i bought ETH at a price 12$…and what we see in the end 2017year???yes! amazing price! 1400$!!! maybe we can see amazing price to ADA in the end 2018 year )
P.S.And at the end of my message, I want to write my forecast for cardano at the maximum price that I can imagine at all. This is $ 20
You guys can debate decimal points all day but ADA is worth exactly what someone else is willing to pay for it and not a penny more. That being said I certainly think ADA is going to be worth more pennies in the future than it is now. Very impressive project.
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Bitcoin and Ethereum have their own niche. None of them claimed to become the inancial stack for the world. Bitcoin provides insurance against rouge governments and ethereum is a good proof of concept but it’s a dead coin walking unless they address the TPS issue. It is the best coin to move value around but it can’t scale in the long run.
Cardano will two into a huge market if it does what it plans.