After following the crypto-currency development for the past month, I find it important to surmise that bitshares will be more valuable if they can achieve the maximum value threshold (MVT). What is the MVT? The MVT is when a currency aligns itself with human psychology, in which humans feel comfortable with the number value associated iwth their "coin" or "dollar". Bitcoin, for instance, has a terrible MVT, where people don't feel comfortable using one bitcoin, as they feel to valuable and cumbersome. Look also for instance at Dogecoin and Next which are valued in pennies on the US dollar becuase there are billions rather than millions of coins.
Dogecoin has become the "tipping" currency because it feels so easy to give out freely. This is a good thing. The more at ease people feel about using their currency the better. Dogecoin may just be a copycat currency, but if people feel it has more utility than bitcoin (even for inexplicable psychological reasons), then they will be more likely to use it, buy it, etc. This is good for Dogecoin in the longrun (..although I'm sure it will be beaten out by second generations crypto-currencies..) .
I hope 3I will take these psychological phenomenons and MVT into account when determining the total number of bitshares.
I addressed this issue in one of my earlier posts. I said that Bitshares because it is so divisible the maximum number should be nice and low, 4-6 million. Then you simply price it in it's lowest currency unit on exchanges and in the client.
The mistake Bitcoin exchanges and charts make is they display the largest denomination which is the Bitcoin vs Dollar instead of the lowest denomination which is Satoshi vs Dollar.
One Bitcoin is 100,000,000 satoshi. If you have 10 Bitcoins you have more satoshi units than the entire NxT currency. If you have have 100 Bitcoins then you have more satoshi units than the entire Dogecoin currency.
You do not have to dilute or inflate the currency to take advantage of psychology. All you have to do is stop discussing it in its largest denominations and discuss it at the absolute smallest denomination from the start so that everyone feels rich.
My advice to you is start discussing Bitcoin at the satoshi level and encourage others to do the same. When Bitshares come out I think we should start the price mechanism at the lowest denomination. Now you'll have 100,000,000 currency units and can use that for your micro transactions, tipping, or whatever.
But it is in my opinion that the largest dominations are supposed to be scarce in any currency. You don't know a lot of billionaires do you? Having 1 Bitshare should be like having a million dollars and having 100 should be like 100 million dollars because that is the highest denomination in the currency. Just like the penny probably doesn't compare to the highest denomination either and it would make no sense for Bitshares or Bitcoin to price itself according to the limited divisibility of the dollar. The weakness of the dollar should be the strength of Bitcoin or Bitshares and the main weakness of the dollar is that it isn't a store of value, it does not maintain buying power because it's too inflationary, it cannot do microtransactions below a penny, it's not digital, and let's face it if I give you a million pennies do you feel rich and start shopping more?
If that is the case we should ban the $1000 and $100 bill and start dealing in pennies. The way to do this is just to set the Bitshares client by default to list in the lowest currency units so that when everyone opens their client they feel like they are rich even though in the beginning it costs 100,000,000 currency units to buy a pizza, a year later it will cost 100,000.