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The original was posted on /r/nanocurrency by /u/Explicit65 on 2024-03-01 18:08:33.

Let’s talk about reducing Nano divisibility to .0001 and what the implications of that would be. To be clear, I am in no way endorsing this action, I just want to have a pros/cons discussion.

If Nano reduced transaction size to .0001, then to spam 1,000,000 transactions, a user would have to own 100 Nano (100 nano divided by .0001 nano per transaction =1,000,000 transactions). At current values this equates to about $140. If Nano were to cost $10, a piece, this would be $1,000, and at $100 a piece, $10,000, and so on. This cost would probably prevent many actors from spamming, because who wants to throw away $100 or more. However, it would not deter bad actors with considerable wealth. However, it does become more and more of a deterrent, the more they want to spam. For example, someone wealthy might think twice about spamming 100,000,000 transactions, when now it is essentially free.

Now, if this change did occur, and Nano went to $10, then the smallest amount of Nano would be worth 1 tenth of a cent. At $1 per Nano, 0.0001 Nano would be worth 1 hundredth of a cent. At $100 per Nano, .0001 Nano would be worth 1 full cent. How small are some of the Nano micro transactions used in games today? Are they smaller than 1 tenth of a cent? I do not know the answer to this.

It should also be noteworthy that 1,000,000 transactions did not stop the Nano network in its current form. Also, Nano will only get better with time.

Note 1: I used the 1,000,000 transaction number because it is my understanding that the spammer pre-created this many transactions and sent them all to the network at once.

Note 2: I just want to thank the devs and node operators and say how super impressed I am with how well the Nano network has handled this spam attack as a result of their hard work. Keep building!

Please add your thoughts below!