Bitcoin Forum

There is not enough bitcoins for everyone and that is why it's impossible for bitcoin to substitute the cash economy...

 Just think about this:

Total bitcoins: 21,000,000

Total humans: 7,360,837,156

That mean 0.002852 btc/human

but the total humans number is going up in the time. There is not enough btc for all.

Total satoshi: 21 000 000 * 100 000 000 = 2 100 000 000 000 000

Total humans: 7,360,837,156

Satoshi/human: 285 293.636

By way of comparison, in 2006 there were estimated to be 16000 tonnes (=16 000 000 000 grams) of gold in the world (that's all the gold that had been mined, ever, up to that point), which would allow for 21.737 grams of gold per person.

I'm not too worried - I think this is sounding like a nice problem to have!

Edit: I misremembered by a factor of 10: it's 158 000 tonnes, not 16 000. Even so, 217.37 grams per person... I'm still happy with Bitcoin!

 8)

What are you talking about? There are more than enough decimals to serve every human on this planet. :)

Despite BTC presentation of 1.00000000, the dot is artificial, all operations are made in integers, meaning a single bitcoin is in fact 100,000,000 units.
To pass this to our World's currencies the more alike presentation of a bitcoin would be 100 satoshis: 1.00, meaning 1,000,000 "fiat-like" bitcoins per bitcoin.
This means in total we will have 21,000,000 x 1,000,000 = 21,000,000,000,000 "fiat-btc" x 100 satoshi (cents)

This is why everyone should be buying and holding and waiting for the future...

first you should not take into account every human being, many are newborns, many other are very old people who will not care ever about bitcoin, let's assume 50% less, so 0.0056(basically 1.5 dollar) btc for every human

then you have that they do not need a whole coins if bitcoin can skyrocket to something like 10k-100k, which will be equal to everyone holding from 60 to 600 usd.

No, you will have 21m bitcoins of bitcoinxt, and 21m more bitcoins of bitcoinxxt, 21m more of bitcoinxxxt and so on..

May be one of them even fork the max limit to 2100000m in the future. There would be more enough than what ever you need, trust me.

I remember having what coins were explained to me when I was very young. I hadn't got any idea what those funny metal discs were before then. We can safely discount anyone under the age of two, and probably up to most five year olds. After that age they might get their pocket money in satoshis.

Yes there is enough. There is 21 million, then you can divide each bitcoin by 8 decimal places, so even 1 satishi can be worth $1.

In the future you can also change the code and allow 10, 12 and so on decimal places and give ghem names.

Then if this is not enough, there will be maybe side chains etc.. All in all, there are endless solutions, we just need to get Bitcoin mainstream first.

what makes you think every single human will want to use bitcoin?  At the moment maybe less than 1 Million people own bitcoin  of course bitcoin can add the the cash economy obliviously not take over it.  but it will used by more any more people.

if you want to give every single person bitcoin you can give them satoshi and if and when bitcoin goes to $10,000 then they can all hold $1

I have read all your replays and thx for share your point of you with me. At last you change my point of view, as you say, if wee see it like satoshis and not like bitcoin, there is some big numbers. And i'm agree, in that is why we must hold now.

Thx to all for your replays you change my point of view  ;D

Some of us are & have been doing for a while now buddy ;)
That's been my plan since I got into bitcoin, buy & HODL, cross my fingers that one day bitcoin goes to the moon & I'm sitting on a gold mine. It'll be either that or I've wasted a lot of money on a load of crap ;D

You can all rejoice knowing that we will NEVER run out of whole coins that can achieve the exact same function as Bitcoin.
http://mapofcoins.com/bitcoin

You and me both. I've yet to place a sell order. Worse comes to worst we just don't make much...

not every person in this world is interested in bitcoin. it's purely an alternative to our currently old fashion financial system. that's it.

That's fine.  When the same number of people who have a twitter account can afford to buy 0.015 bitcoin and I have over a Dozen Whole Bitcoin Units, I'll be renting apartments to them.  That will be the difference between people who buy now and people who start using it when it blows up

There aren't enough Atari ET game cartridges (https://www.youtube.com/watch?v=NHXK2mKtu20) for everyone.

No ......
If a BTC will see price 1 million dollar ....... worth of a satoshi will be $0.01 and for a transaction we must pay 10000 satoshi that it's equal to $100 ........
So BTCs are not enough for all of people in the earth and That is a true fact ...........

So, buy one now, it's still too cheap. You'll be 350 times richer than the average human. ;D


Bitcoin doesn't have a fixed fee scheme.

Now that Bitcoin is dead it's probably time to buy

Would be better to increase the amount of possible bitcoins instead. It's impossible to accurately calculate decimals (float) with binary, numbers like 0.1 are impossible to represent in binary form.

Solved!!!:
I have invented a workaround for this vexing problem. Using a new thing I invented, I call it a mathematical operand, I am able to "divide" bitcoin into smaller units. Ladies and gentelmen, behold the divider!

that's why you can divide bitcoin into satoshies

Total bitcoins: 21,000,000
Total Satoshies:  2,100,000,000,000,000
Total humans: 7,360,837,156

That means 285293 Satoshi/human