I am undecided please convince me of either way.
+ More BitShares X easier invest. Instead of buying 0.00001, you can buy 1 and it can be seen a less risky option. (DogeCoin)
+ Less BitShares X increases value due the limited amount and speculation. (Bitcoin)
+ Both are limited regardless.
+ With More BitShares X 1 = 1$ you can mentally calculate investment or trades in assets.
The argument for NOT using 4 million shares is very simple.
With only 4 million at launch, you're going to create liquidity problems and also cut down participation.
If the starting price is $20, $50, $100, whatever, right off the bat, Bitshares X will have the 2nd highest price on coinmarketcap, which will turn away a lot of possible investors. Then the little guy is going to think, "Man, how much higher can it go? I'm better off buying one of the other altcoins for $0.10. I'll have a better chance at doubling my price, or making a better % return." Most people don't think too much about market cap, they only look at share price and % return.
One of the things people are saying here is that it's important to get critical mass & wide participation, especiAlly from non-crypto folks, not just crypto geeks. I'm telling you, that will be much harder if the starting price at launch is too high. The launch should be the marketing, distribution, awareness, liquidity phase. Crypto folks and People new to crypto will be much more likely to test the water if the price per share of X early on is not too high. Plus, these non-crypto folks are especially important because they can spread the word better to people who don't already know about btc/Bitshares.
Sure, Bitcoin has a price in the $100s, but it was not always so. Bitcoin started in the sub-pennies, just like most new coins do today. How many other coins are above even $10? Maybe Bitshares X would someday be successful and get to $10, $50, $100+ price range, but trying to start at that level at launch with only 4 million shares is not a smart move.
I vote for somewhere in the range of 100 million to 1 billion shares of X at launch.