In the early 1990s, internetworking wonks realized the world was not many years away from running out of Internet Protocol version 4 (IPv4) addresses, the numbers needed to identify any device connected to the public internet. Noting booming interest in the internet, the internet community went looking for ways to avoid an IP address shortage that many feared would harm technology adoption and therefore the global economy.
A possible fix arrived in December 1995 in the form of RFC 1883, the first definition of IPv6, the planned successor to IPv4.
The most important change from IPv4 to IPv6 was moving from 32-bit to 128-bit addresses, a decision that increased the available pool of IP addresses from around 4.3 billion to over 340 undecillion – a 39-digit number. IPv6 was therefore thought to have future-proofed the internet, because nobody could imagine humanity would ever need more than a handful of undecillion IP addresses, never mind the entire range available under IPv6.
What do you mean by economics in this context?
It’s a bit convoluted, but…
I consider economics to be the control mechanism which filled the void in society vacated by religion after the enlightenment.
Basically economics, as an intellectual discipline, is far closer to theology than physics. Given that, I don’t respect the positioning of economics as dictating the function of legitimate fields.