I wrote about ipv6 in these blog entries here and here. I have written about serializing digital dollars in a debt free monetary system in most of the posts in this blog.
IPv6 is a numbering scheme that assigns a unique number that is directly related to a unique website address on the internet. Every node of an Internet Protocol (IP) network, such as a computer, router, or network printer, is assigned an IP address that is used to locate and identify the node in communications with other nodes on the network. It replaces IPv4 which which suffered from web exhaustion and did not have enough numbers to satisfy the need of more internet addresses than it could soon handle.
This is what an IPv6 unique web address number looks like as described by Wikipedia:
IPv6 addresses are represented as eight groups of four hexadecimal digits separated by colons, for example 2001:0db8:85a3:0042:1000:8a2e:0370:7334
This numbering scheme can uniquely identify a total number of unique network addresses to the tune of 1 followed by 35 zeroes.
This is 100 trillion: 100,000,000,000,000 or 1 followed by 11 zeroes. A hexadecimal numbering scheme to assign each single dollar with a monetary value of 1 in the total digital dollar universe would be much shorter. How many dollars are there in the current supply of debt money in our monetary system that qualify as US Dollars? I don't know. M1+M2 and maybe M3? M3 is not even reported anymore.
Wikipedia:
In economics, the money supply or money stock, is the total amount of monetary assets available in an economy at a specific time.[1] There are several ways to define "money," but standard measures usually include currency in circulation and demand deposits (depositors' easily accessed assets on the books of financial institutions).[2][3]
Learn all about money and the various M's and money velocity here if you like Economics. You could get lost at that site and never be seen again nor would you ever know which way is up.
M1 is about 1.5 Trillion dollars. M2 is about 10 Trillion dollars. Just for reference GDP is about 15 Trillion and everything we produce per year is also bought (more or less or it would not be produced) so national annual spending is about 15 trillion. National Debt is about 15 trillion. Subtract a few things from national debt that might not really be debt by some measure and it becomes about 10 trillion dollars. Don't ask why, its economics. When the MMT proponents say that National Debt equals National savings, they are about right. Stephanie Kelton would say to the penny.
Bottom line: It takes about 10 Trillion dollars in money supply to run the economic affairs of the country. In my digital serialized dollar object oriented monetary system architecture model it is a piece of cake to uniquely serialize each and every single unit dollar with a value of one. It is equally easy to handle the conversion of total individual transaction amounts (100 dollars from your account spent on gas) to each and every single digital serialized dollar that is "spent". Spent simply meaning that each of your single serialized digital dollar gets a new owner. That however is all transparent to you. You see the total amount paid out of your account.
Every serialized digital dollar is by definition a denominated value of "one". Fractions of "one" are the subject of a sub-system I call "Small Change" which I will not explain here. There is no need to have an attribute for the serialized dollar stating that it is in fact one dollar. If it has a serial number it is one dollar. The only thing that single unique digital dollar in the universe of all 10 trillion dollars needs to know is what unique account identifier it is related to that represents the current owner of that unique dollar. As transactions cause current owner to transfer ownership to new owner, previous owner association goes to history as the last previous owner and date time of transfer added to all previous owners and related chain of sequential dates of transfer to the next previous owner in timeline sequence.
That simple model defining what money is opens a world of possibilities regarding what money does.
That is a whole lot of retained information but that is what yattabytes are for as discussed in my post here
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