@@ -25,13 +25,13 @@ Value and price are distinct concepts that often get conflated. In our view, Urb
26A foundational design principle of the Urbit network is that the address space is limited. This rarity helps qualify Urbit as a [collectible](https://nakamotoinstitute.org/shelling-out/), and thus creates a non-zero acquisition cost for an address. This cost discourages abuses like spam and bot-net attacks. Traditionally, these attacks are made with quasi-unlimited access to IP addresses. The unit economics of acquiring planets for these nefarious purposes is a strong deterrent.
26A foundational design principle of the Urbit network is that the address space is limited. This rarity helps qualify Urbit as a [collectible](https://nakamotoinstitute.org/shelling-out/), and thus creates a non-zero acquisition cost for an address. This cost discourages abuses like spam and bot-net attacks. Traditionally, these attacks are made with quasi-unlimited access to IP addresses. The unit economics of acquiring planets for these nefarious purposes is a strong deterrent.
28−There are 256 galaxies on the network. Each galaxy is initialized with ownership of 256 stars. Galaxies act as root nodes for peer discovery and packet routing within the Urbit network, and they are each also entitled to vote on updates to the smart contracts which govern the network. To date, galaxies trade primarily on OTC (over the counter) desks, and rarely appear on the open market.
28+There are 256 galaxies on the network. Each galaxy is initialized with ownership of 255 stars. Galaxies act as root nodes for peer discovery and packet routing within the Urbit network, and they are each also entitled to vote on updates to the smart contracts which govern the network. To date, galaxies trade primarily on OTC (over the counter) desks, and rarely appear on the open market.
30−There are 65,536 total stars on the network. In turn, each star is initialized with ownership of 65,536 planets. Stars currently trade on platforms independent of Tlon, such as [urbit.live](https://urbit.live/) and [opensea.io](https://opensea.io/). The current price range can easily be ascertained on those sites, but as of the time of this writing, stars are selling at a price that greatly discounts their planet holdings.
30+There are 65,280 total stars on the network. In turn, each star is initialized with ownership of 65,535 planets. Stars currently trade on platforms independent of Tlon, such as [urbit.live](https://urbit.live/) and [opensea.io](https://opensea.io/). The current price range can easily be ascertained on those sites, but as of the time of this writing, stars are selling at a price that greatly discounts their planet holdings.
32One would expect that in an efficient market the relative pricing of stars on one hand, and planets on the other hand would eventually align (so to speak). This may come to pass as the Urbit community increases education about Urbit, and as additional planet sellers and hosting providers enter the space.
32One would expect that in an efficient market the relative pricing of stars on one hand, and planets on the other hand would eventually align (so to speak). This may come to pass as the Urbit community increases education about Urbit, and as additional planet sellers and hosting providers enter the space.
34−Finally, there are 4,294,967,296 (or 2<sup>32</sup>) planets on the network. Planets currently trade largely in a range of $10 to $15. We expect planet prices to fluctuate from provider to provider as described in the previous post, based on the quality of services various providers offer. That said, it's worth noting that the cost to configure addresses for distribution is fairly static and this may act as something of a lower bound.
34+Finally, there are 4,294,901,760 (or ~2<sup>32</sup>) planets on the network. Planets currently trade largely in a range of $10 to $15. We expect planet prices to fluctuate from provider to provider as described in the previous post, based on the quality of services various providers offer. That said, it's worth noting that the cost to configure addresses for distribution is fairly static and this may act as something of a lower bound.
36That said, we also anticipate that planet prices will be abstracted away from most purchasers, and will be included in bundled annual packages of hosting and data routing services. For this reason, infrastructure service providers (i.e. hosting providers) will likely be the best positioned parties to capture value from planet distribution.
36That said, we also anticipate that planet prices will be abstracted away from most purchasers, and will be included in bundled annual packages of hosting and data routing services. For this reason, infrastructure service providers (i.e. hosting providers) will likely be the best positioned parties to capture value from planet distribution.