Hey @exyle, thanks for the post, it's helpful to see you working through these ideas as we all grapple with the new SMT technology.
When @andrarchy said: "Now you will still be able to launch a coin for $1 and do all kinds of stuff with it because creating coins doesn't actually consume much bandwidth (it's not a lot of information)"
This is not true as far as I understand. The white paper says that creating an SMT requires an upfront payment of $1,000 (the money is "burned" and ceases to exist - it does not go to anybody).
So the cheapest coin that can be created would be above $1,000. This is still small money when it comes to creating a currency, and I suspect that Andrew was being metaphorical (i.e. he was really saying "You can launch a coin without much money") - but it feels like it's worth pointing that out.
There's seems to be a contradiction in the whitepaper. It implies 1000 SBD in the example code, but on page 14 it states it as just 1 SBD:
As it stance now you two are both right :). Let's hope it will be clarified soon.
edit: After reading closer, it looks like there isn't any contradictions... the white paper makes it clear that smt_creation_fee will be set to 1 SBD at the start. sorry for any confusion from my previous comments :-)