SMR firefly Reduced Balance

[Jojopogs]

I just updated my firefly to the new version but i noticed that my SMR balance was reduced from 1.7B to just 1.7k SMR. Did anyone has experienced the same issue?

[HankMoody089]

https://twitter.com/c_varley/status/1551935073372495874?s=20

[HankMoody089]

Not an issue

[Mcblazeallot]

I just updated my firefly to the new version but i noticed that my SMR balance was reduced from 1.7B to just 1.7k SMR. Did anyone has experienced the same issue?

Yes im having the same thing happen to me went from 1.4B to 1.5K SMR whats up with that???

[MiKeF05]

That's completely wrong. With the decimal places the tokens have the same value. Since the total supply has also the decimals it stays the same like before. It is only math.

[nakkimusic]

ok, mathematics is mathematics, but I think the anger is ...if we think that in the future SMR will have an exchange value (let's suppose 0.001MIOTA), it is not the same to multiply it by the SMR harvested initially in the stakin, than to multiply it by the current SMR/1000000, because I suppose that the exchange value will be per SMR and not per GLOW. I hope I have explained

[AXMAS64]

Thank you for your words nakkimusic !!

[MiKeF05]

But you need to look at the market cap of SMR. Let´s suppose the market cap of SMR will be 500.000.000$. Then the token price with the old supply of 1.450.896.407.249.092 and without decimals will be $0.0000003446.
If you have 100.000.000 SMR without decimals they have a total value of 34,46$.

Now let´s look at the same market cap with the introduction of decimals. The token price with the old supply of 1.450.890.470,249092 will be 0,3446$. With decimals you now have 100 SMR and they have a total value of 34,46$. So it is the same like before. Or am I wrong?

[AXMAS64]

Hello MiKeF05!
Thanks for entering this thread. I think we both know how to count and maybe a bit of math too!!
First of all tell you that one thing is Quantity and another thing is Value.
Ami, as a Shimmer holder, I can care less about the value of the market cap at the launch of Shimmer and I can wait holding for as many years as it takes until I have seen how my Shimmers were gradually gaining value and gradually making those decimals disappear 6 ?
Speaking of mathematics, 15,000,000 units of Shimmer or whatever they are, let's call them Shimmer or whatever you want can never be 15 units, another thing as you very well say is that we are giving 15,000,000 units the value of 15 units .
I have read somewhere that they had reduced it to facilitate the figures so that they are not so long, if that is the case, they could have thought of it before, during development! And having made a participatory botación of all the shimmer holders, like when they have asked us to botte in case we wanted to or not, that more Shimmer would be created for the development of the community.
Your math still doesn't convince me.
I send a cordial greeting !!