Bitcoin Forum

I mean its only 21million btcand there are 6billion people in the world , how can it be enough

You are getting it wrong. Let me explain.
There's some 170k-180k tons of gold mined. Let's say 170 000 000 kg. Your question is like asking why can't everybody have 1kg of gold.

Not everybody wants Bitcoin and also Bitcoin has subunits (in the same way 1kg has grams). People can get 0.1 BTC. Or 0.0001 BTC. Some day even that may be pricey.

So the answer is yes, there's enough Bitcoin.

Yup, if you think about it, even when including the bitcoins that will never be used again "lost, owned by satoshi "probably won't be used" and the like".

Bitcoin pricing depends on the demand and the available number, so if it's just 1 BTC "not 21 millions", That one can cover the need IMO and can be used in units as small as a single satoshi.

21 million btc would be more than enough for 6 billion people in the whole world especially if all of us would do the work to multiply and to have another million folds of bitcoin.

But I guess 1/10000 knows the single thing about bitcoin now.

It enough for what BTC should be, store of value.

What price should it reach with people interested, that s a different story. I think $10k per BTC are not impossible as early as next year, just because of that ratio. Many people, few BTC.

If all people in this world using bitcoin maybe yes 21 millions is not enough for all of them but i think the current bitcoin users in the whole of world even less than 5% from total of populations human in the world so 21 millions is enough because not everybody want and interested using and hold bitcoin

Well its smallest denominations aren't 1 bitcoin, it's one satoshi which if I'm not wrong is 0.0000001 bitcoin. The core team could move that a few decimals back too if needed but as of now 21 million is more than enough

yes because you can divide bitcoin into 100M esatoshi each this si more than enough for everyone, bitcoin is divisible because otherwise you can't pay a whole bitcoin for everything like fee or small commissions

On my point of view, 21 million BTC is definitely enough for all the people around the globe. We must consider that some people are still not using BTC and some of them didn't even know that BTC exists. The supply will always be enough.

We can also look it at a different angle. If the BTC's supply is unlimited, we can say that its value will be zilch in the long run. So, it is a good thing that BTC has a limited supply. This will add more value to each part of it (satoshi, mBTC, etc).

Surely it is. Each BTC has 100.000.000 of satoshis. 21.000.000 x 100.000.000 = 2.100.000.000.000.000 of satoshis, enough for all the world use it well. 1 Satoshi can values more than 1 currently cent. Probably the difficult would be to buy cheap things with BTCs, as 1 satoshi could value more than the price of cheap things like one fuit, one candy...

If that happens you sure won't see me complaining :)

We would all be ridiculous rich..

How on earth will that be enough and that is the concern to be raised when discussion gets to a high level and there is need for massive adoption of bitcoin. This limitation to 21 million coins will serve as an impediment. Firstly, it will make the price to go beyond the reach of an average individual because will becomes so high to afford and secondly, when the maximum is eventually reached, miners fee will continue to skyrocket and by that it will discourage a lot of users. ;)

Yes. The number of Bitcoins is not as important as the scarcity of Bitcoins.  Since each Bitcoin can be divided into one million bits (1,000,000) or one hundred million Satoshi (100,000,000) I often try to compare bits against fiat currencies instead of entire bitcoins.

1 bit can be divided into 100 Satoshi and 1 Dollar, Euro, Pound, etc. can also only be divided into 100 cents/pence etc. so if we are to compare "equal units" against each other, I think it is better to view 21 million Bitcoins (21,000,000 BTC)  as 2.1 billion bits (2,100,000,000 b) or even as 2.1 trillion Satoshi (2,100,000,000,000 s).

But what I think is most important to realize about Bitcoin is that it is the driving force behind what people are calling "currency competition" and we as people around the world are now far more able to choose what we believe provides us with the best utility

At the time of this writing, 1 satoshi is worth about USD $0.0000125028 according to https://99bitcoins.com/satoshi-usd-converter/.

One bitcoin = 100,000,000 satoshis - http://bitcoin.stackexchange.com/questions/114/what-is-a-satoshi.

When all 21 million bitcoins have been mined, there will be 2,100,000,000,000,000 satoshis. If the earth has 8 billion people at that time, this would give every person 262,500 satoshis on average.

We can work with that amount. There will always be the rich and the poor.

8)

I don't think 21 million bitcoins is really enough for the whole world because now we can't make sure that there is exactly 21 million of bitcoins that are circulating in the market because most of the early miners and investors already got a lot of bitcoin and limited supply for a currency is a down side because we don't have the same mindset so i think if 21 million will be on the market then there is still few people who will hoard and just keep their coins for a very long time and it will affect the market in terms of price but in then end it is a bad habit because that is how people will take advantage of manipulating the market because there is only limited supply.

This is a recurring topic. Usually bitcoin newbies can't grasp the idea that we are not using only 1 BTC as an unit.
Bitcoins are divisible down to 8 decimal places: 1 satoshi = 0.00000001 BTC
This is more than enough to provide 7 billions (or more people if necessary) with fracture of Bitcoin.

To elaborate on previous posts, it's not just about the denominations into satoshi either.  When people talk about owning Bitcoin, they don't refer to it as "how many Bitcoin do you have".  They say "how much Bitcoin do you have".

When a government has fiat currency, it tries to keep the value similar and gradually inflate, despite an increase in productivity.  The difference with Bitcoin is that it is a deflationary currency and the number of Bitcoins produced is set beforehand.  This keeps it safe from government interference with money.  With Bitcoin, the smallest denomination used can change as the price rises - all it would need is a rebranding, to bits for example.  The great thing is that the value of the currency can actually be directly related to the productivity of the world economy.  The number of Bitcoins is irrelevant just as how the UK pound used to have halfpenny and quarterpenny coins whereas the pound is now denominated into pennies.

Of course it is.  It's divisible 100m times and the value is relative. 

Would be easy to add zeroes and continue fractional representation without any impact on value, too.

It is enough for it .it was planned very well and executes too .there are 8 units for satoshi .it is more than enough for some people .by the time the price of bitcoins would reach up to a maximum height .

It is NOT enought. It's all about perception, and bitcoin is perceived to be extremely expensive. In somewhat developed countries, the average joe might spend his whole wage to buy one bitcoin. In poor countries, people might need to save one year to buy one bitcoin. I know it can be divided, but so can be fiat. All about perception, and bitcoin is expensive. Given the curent amount of adoption, 21mil isn't nearly enough. I'd say atm ~100mil tokens are okay, in the future if adoption goes mainstream 1bil might be the next "okay-ish" amount. Because it's ALL about perception. People don't care tehy can buy 0.001 bitcoin. If they can't easily buy atleast 1, it'll be hard to convince them;  
" 1. Hey, nice, you saved 300euros. Why don't you buy a a quarter of a bitcoin ?
2. What is bitcoin and why would i do that ?
1. Bitcoin is a digital currency, because it's cool.
2. But why does it cost so much ?
1. Because people believe it to be worth that much !
2. Well, it seems wayyy to expensive, i'll pass.

You are wrong.  It is 0.00000001

 ::)

I can afford 1 bitcoin at current rates. I can't afford anything like 100,000 bitcoins. One satoshi costs USD $0.0000125077 - https://99bitcoins.com/satoshi-usd-converter/ = a little over a thousandth of a penny.

Buy what you can afford.

8)

The total market cap is not enough to cover the whole population of the world, but that doesn't mean that it will get out of the game after getting the last bitcoin mined, but in fact, this would mean that the prices will go high like crazy and the coins will be spread in users at their least denomination, may be during that time, even an mBTC would cost more than $100.

Look. If you can't afford the tiny fraction of a penny that a satoshi is worth, and if you can't afford to go to a faucet and get one free, you had better forget about Bitcoin, and start considering where you are going to get your next meal from, or even your next gulp of water.

8)

As of right now, it's not. Even with sub-digits. But whether it's enough is not even a concern if the whole world is to use it.
There are many issues that are prevalent right now and need immediate resolution (scalability, tx/s)

Adding a couple more sub-digits below satoshi is very easy. That should make it much easier if the time comes.

Present supply and demand suggests that Bitcoin currently easily fits the world.

But, I agree that the addition of satoshi descendants would easily make bitcoin fit if necessary.

I intend to be around in 2150 (or whatever) when Bitcoin mines its last.

 :D

I think you should look beyond the numbers( i.e. The number of bitcoins) and rather look out for the of Bitcoin because if Bitcoin gains more value, say 1 BTC is equivalent $10k, it can be easily shared amongst the entire 6 billion people.

It's not that hard to understand. I don't get why some people have such big problem trying to get this.

The price goes higher with demand, so smaller amounts are traded, that's all man, where is the fucking problem?

The entire economy could be run under 1 BTC alone, it would just mean satoshis are worth a ton more, and we can add more digits.

Instead try other alt coins then if you feel 21M is not enough, yet that should be a good indicator for inevitable price increase so stop thinking and start accumulating.

Core dev will do no such a thing, changing the 21M will require changing the entire already locked and time stamped and stored block chain. protocol won't allow such a change in the source code unless you don't want to consider the old block chain as valid/creating a new coin.

Nice you just added one -0- to correct him here you go your Nobel prize :D

I believe it's enough. It can be divided into much smaller units than say, a dollar. Even if the price hits $2000, that really won't be a problem as far as transactions are concerned. You can just opt to send smaller denominations. Of course if a satoshi ever hit prices like $100 that might not make it suitable for microtransactions anymore but that wouldn't mean it would be useless. You can just use it as a store of value then. When all the bitcoins have been mined out the price would reflect the market demand. Contrast this with fiat where gov't dictate how much is in circulation.

1 satoshi is enough for the whole world

But there is no guarantee that all people will use bitcoin. Remain those who do not trust cryptocurrency. I think that even if everyone learns about bitcoin, then it will be used only 1/4 part

Yes it is not enough thats why it need to be circulated. But if you think of it, many users now have bitcoin and they are wanting to earn more than asking if the 21 million bitcoin is enough.
With its current price, I think it is really enough.

OP is mistaken about the quantity.

It is not exactly 21 million bitcoins.  That is just an approximation.

The exact number of units that the protocol is designed to release is:

2,099,999,997,690,000 satoshi.

That's two quadrillion, ninety-nine trillion, nine hundred ninety-nine billion, nine hundred ninety-seven million, six hundred ninety thousand satoshi.

It will be easy for off-chain accounts to subdivide beyond that. It is entirely possible that, for off-chain accounts, you could transact in pico-bitcoins.  In that case you would have

20,999,999,976,900,000,000 pico-bitcoins (lets give them a slang name of picobits) to work with.

That's twenty quintillion, nine hundred ninety-nine quadrillion, nine hundred ninety-nine trillion, nine hundred ninety-six billion, nine hundred million picobits.

Definitely with the number given by Danny Hamilton, Bitcoin is more than enough for the whole world.  There are plenty of  "pico-bits" to be distributed to the population so we do not have to worry it.  The only problem here is that does every one can afford Bitcoin, once people around the world accepted it?

It is not like each person will be owning one btc each. At most, only a part of the population will have bitcoin in their wallet. And bitcoin can be divided into units, it the smallest so far, satoshi. 1 bitcoin is 100million satoshi. So we have 21M by 100M satoshi to be used by bitcoiners. I think that is more than enough.

Yea it will probavbly be enought funds to cover all transactions via bitcoin cryptocurrency which we really need for future payments with so low fees and great business future :D

Are you ok or you simply joking around, you have forgotten that bitcoin was introduced to replace gold. Does gold have unlimited supply 'no' then whh would bitcoins have.
Plus if there would be sufficient bitcoins for the whole world then it would just be a fiat.

The smallest count in bitcoin is satoshi. I think in the future people will be getting used to satoshi, so long as it surely bitcoin prices will have a very high value.

I think that this cant be true because bitcoin price have less and less speed growing so bitcoin will maybe not worth even more than 15000$ so there is no reason for use satoshi often.

Just like a small $1 paper, when you bought something that is worth centavo then it will be divided into portion. Just like in bitcoin, a person doesn't really need to have the whole bitcoin for buying a cheap or something that is worth buying for only 0.005 BTC it will be divided into portion. But not all people in the world, will be engaging with bitcoin and if all 21 million coins are mined, the price will increase. It will depend on supply and demand.

Yes it's enough.  And even if it weren't enough, anyone who wants to use crypto has tons of other altcoins to choose from.  Some of them work even better than bitcoin itself.

It's really enough because every people will not have a big part of the bitcoin, if you can see the other person is buying a gold and you will find he will buy gold with miscellaneous heavy. And every people will get a little part of bitcoin. And every satoshi will have a high value in the future. don't forget 1 btc = 100,000,000 satoshi

In my own i think it will be still enough bitcoin because we are not relaying the number how many bitcoin is..
We are just relaying on demand and supply if more people are using bitcoin and buying it since its in demand the price of bitcoin will increase its value..
So i think that amount will be enough bitcoin for us..

Definitely more than enough, op. I think you should know not all the coins have been mined as of now. So if you are wondering what will suddenly happen, then there yet time as there are yet coins to be mined. Then there are already the existing coins that are in the market and they will be rotating around as people will need them for Fiat. So at a given time every one will have what they can buy, for eg so much Fiat in the world, yet only few have all of it, and the rest scramble to get it. But yet it's enough. So I really don't see any need for worry over the number of Bitcoins in the system.

I agree that it is not enough. 21,000,000 BTC to the whole population, it will make bitcoin more expensive in my opinion. BUt if it is billions then, then i think it is easy to get one in whole number. :)

It can be more than enough because the truth of the matter is that not everyone uses bitcoin. Not everyone needs bitcoin. And not everyone needs to have X amount because there's only 21 million. (I.e.) The homeless people in the streets dont have money... while it may be a nice gesture not all people share/donate or are obligated to share/donate their money...

I understand that there is a limited supply but not everyone has the use for them or even knows what they are so I think the bitcoin community is in a good position because we dont have to worry about not having enough

If there are a lot of potential investors that are going to come in the future then I can say that 21 million bitcoin is enough for the whole world. Because I know that not all the population of the world will be getting in bitcoins. Less out those burned coins still that can cater the people in the world that are using bitcoin no matter what.

Nobody said that 21 million bitcoin is enough for us, because the truth is, every bitcoin users around the world desires to have more bitcoin as many as possible, because this is our true nature, we want more as long as it benefits us. And not all the people around the world wants bitcoin and know about bitcoin so this 21 million bitcoin is too much for all the bitcoin users right now, if all the people around the world will use it, then it is not enough.

Actually even 1 satoshi can be spent and there will be 21 million x 10^8 Satoshi which i think will be more than enough for everyone. Also by the time when all bitcoin will be mined, world population may not remain 6 billion only.  ;)

In future there might be more potential investors. 21million is very small compared to the entire population around, so only with the increased price and denominations the bitcoin network can serve the entire world for the better.

"Currency Competition" is a bit misleading, no?

Are you talking about competition among cryptos? There really isn't any. What businesses are accepting Litecoin or Doge or any of the other dozen crypto coins in existence? None. Bitcoin is it for the crypto currency. And to expand a bit, how much competition is Bitcoin giving the Dollar or the Euro or the Yuan? Very, very little. Most places don't accept Bitcoin and of those that do most still are doing business in fiat over Bitcoin.

And to other Members bringing up that there are 100,000,000 satoshi in 1 Bitcion...it's been said over 10 times now. Any future comments like this can be considered "not constructive" and shouldn't be paid for from your signature campaign.












Let's keep the forum clean, guys. Stop the spam, Seriously.

Everything around here on earth is finite. Time is the only known perpetual force and will always keep on going.
Gold
Metals
Minerals
Diamonds
Everything has its own limitations. The thing here is it's not the number of bitcoins that will be enough. For example; even if we mine all the gold in the earth it will only make its value cheaper, the rarity of product is what measures its price. Even if we have billions of Bitcoin and its value is just 0.0000001 dollars you will just need a lot of it to have 1 dollars. If we only have 21 million bitcoins and the price of 0.001 Bitcoin is about 2000 dollars it will be the same as when we have a billion bitcoins. Scarcity make this possible.
High demand and low supply= high price
High supply and low demand = low price
And lastly everything is not enough for the high demand of need of humans so we tend to control that supply to control inflation and to avoid its value to fall.

I think it's enough because if there's a lot of them that is enough for everyone then that will loose it's value because every one can have it and everyone can afford it then it will devalue the Bitcoin. For me, the more it become limited, the more it's valuable and good for keeps and also make it more unique.

It's not really about the quantity of coins there is.

Think about it, there are countries where exchange rates are really low, say South Korea and Japan. And there are countries where there is a relatively low amount of money in circulation and a really high exchange rate as an result, let's just say Great Britain and Europe.

21 million BTC can be divided into infinite sub-units, it can be seen as 21*1000 million mBTC, or 21*1000000 uBTC, or 21*100,000,000 satoshis. Now is that enough for the whole world? Yes.

It doesn't matter how many bitcoins are in circulation. What matters is if the network is functional or not.

you can't spend one satoshi as long as the fee are higher than 1 satoshi, and will never be below one satoshi unless again you are willign to hard fork and make another unit which is smaller than 1 satoshi

you have the option to send without fee but it's not feasible anymore currently, the TX will just return back, the minimum spendeable is equal to the fee at least

assuming 50k satoshi per transaction as a average you have 2k satoshi much for each btc, still 42B "50k" satoshi to be divided to everyone

Yes, bitcoins is an asset so that means the people who get into bitcoins first would have the biggest and best part of the cake and the guys who get into bitcoins late would just have the left over or I should say lesser amount of bitcoins. The problem is not the 21 million bitcoins but the miners would stop when all coins are mined and the transaction fee as mining reward will not be enough profitable for them.

Yes enough. If more will decrease bitcoin  value.
People gain bitcoin for value .

Also if more bitcoin will make government came out to stop.
(just like if country print more notes)
Miners transaction fee will be increase too due to traffic as more bitcoin.
Security issue will be more .
 

I think it is enough, because if we calculate satosi then:
21 million x = 100 million = 21,000,000,000,000,000. If the world population is 10 billion, if divided equally gets 2.1 million satosi. I think this is a sufficient amount to make a transaction. I'm sure, bitcoin been made think of that.

Nobody cares that you can split it into satoshi. Because the fee to send is close to 0.001. So you need a minimum 0.1 bitcoin to send a 0.001 bitcoin, preferabely minimum 1btc, to only pay 1/1000 of your money. With less, something like 0.01 bitcoin you'd end up paying 10% of your transaction as fee.

It can be enough because the quantity of bitcoins each hold can vary as per the worth of each bitcoins. I mean when the price was $100 people can hold 10-20 btc on average while now the price is $1000++ then people hold like 1 bitcoins and if more people adopt bitcoins then that would lead to much higher price and hence lower average per person.

No, the fee is variable, so it reduces as the exchange rate of bitcoin increases.

if everyone has their own bitcoin only kept them in their wallet He would not have had such a value. it is necessary that it exists in traffic.
If 21mill. is not enough, you always can use altcoin for the specific niche or local job

Let me do the calculations. Right now, the available money supply (in hard cash) around the world is less than $10 trillion. Imagine that all this amount is replaced with Bitcoins. So instead of $10 trillion worth of banknotes and coins, you have 20 million Bitcoins (assuming that one million Bitcoins are lost due to missing private keys). So ultimately, these 20 million Bitcoins will be worth $10 trillion. Each of the Bitcoins will be worth ($10 trillion / 20 million) = $500,000. One Satoshi will be worth $0.005, the value of which is lower than the lowest denomination US Dollar coin.

Wrong, because you can't only take into account only the hard cash. So 1 satoshi would be worth like $0.0000005. So the amount of bitcoin, given mass adoption by everyone on the planet, would look stupid. Imagine you'd be paid each month 74cents or some other weird amount.

Yes, 21million bitcoin is enough for the whole world because almost all of them won't use bitcoin like even with gold some countries they will use only a few ounces. When we have less supply than demand will be more, in this way bitcoin price will skyrocket.

Assuming that you see bitcoin as commodity the answer is obvious. Any amount of bitcoin is enough like as with gold metrics (carats, ounces). As we know there are many people in earth without gold but nobody wander if gold reserves are enough compared to world population. Moreover assuming that you use bitcoin as currency again I could say that is enough too. Even for 1 satoshi (10^-8 btc) if the need arises for less then you can convert it into fiat or an altcoin.   

Yes, it would not be enough for the whole world.Only for that reason,more people are holding it as saving since there would be a great demand for bitcoin in future,but there would be no more new bitcoin.Its better when compared to US Dollars which is printed infinitely.

Of course it is enough because bitcoin can be dividen to small part are like 0.001BTC 0.01BTC 0.1BTC and other,
although bitcoin is not good for little transaction because of high fees at least for today because of block size problem.
But 21million of bitcoin is enough for put the whealty and values in bitcoin also limited amount of bitcoin good for price.

Just like others said there its just enough even though bitcoin is just 21 million it would be enough for all the people all over the world considering on its huge population on total since bitcoin can be divided on to small parts which means it can accumulate all  just in case theres a partition.

It seems like a small amount for the whole world. That is one reason why the price has potential to go very high, and many Bitcoins are going to be lost so it really won't be 21 million in circulation. I can see that other cryptocurrencies could be used along with Bitcoin for this reason also.

In my opinion, it is not. There are seven billion people in the world, if bitcoin gets a mass adoption by the year all bitcoins have been mined and assuming 50 percent of the people use bitcoins, that means 3.5  billion people using it. 21,000,000/3,500,000,000 would yield, 0.006 each person if spread evenly. This will result to the prices of bitcoins to be extremely big.

I think it will be enough if we get the satoshis to be atleast equivalent to $1 or in that range. That way since a 100 million satoshis makes 1 BTC there will be (21 million*100 million satoshis= 2.1 quadrillion satoshis and the can be shared to the whole world population I guess.

There is 8 decimals for which 1 bitcoin is equivalent to 100 Million satoshi. That will make it enough for everybody actually but of course we can't expect we give each person in the world to have bitcoin. The never have to worry about having none anyway, there are tons of altcoins and they can even chose which one they like the most. ETH, DASH and MONERO is always there for them to take. Why in the world would having jsut 21 Million BTC be a problem anyway, exchanges always accepts coins with value.

I agree with you. Do not worry about the fact that someone is missing something. Bitcoin is not the only one in the field of crypto currency and there are other promising coins. I think that the digital currency will be more widely used and more choice.

And if ever this is not enough, Bitcoin can always be modified if needed.  Divinding satoshi to smaller units adding another 8 decimals to the right will definitely do it.  There will be more dusts of Bitcoins than the population of the world.  So I guess eveyone have more than enough dusts of Bitcoins if ever it is accepted around the world.

I think it is not enough if everyone want to keep and used bitcoin, but not everyone want to used bitcoin and not everyone is interested in bitcoin, when the price is too high some of the user will choose another coin to invest, bitcoin itself is not enough for whole world but we still have another coin to invest and to used

But the bitcoin is the main crypto and I think it's central of crypto because every crypto was having the pair with bitcoin itself. and if you make a calculation for every satoshi and it's really enough fo the people around the world.

Not everyone in the world uses bitcoin, i guess with some innovations in the future bitcoin could possibly break it's 21 million barrier or is this the limit of this currency?
21 million supply maybe enough if you divide 1 btc into smaller parts or to its sub units and then if everyone in the world just decides to use BTC, yes its enough.  

Just think about the number of people that will be using bitcoin in the future, we can not be able to determine if the whole pulation will use bitcoin at this time and for sure it is not 100% of the entire population will adapt bitcoin . Also, not all people will be able to obtain 1 bitcoin easily so I can say that 21 btc is enough .

Yeah that is what we will exactly see when all 21 million bitcoins has been mined. Plus those coins that are sent to the wallet that are lost forever, there's no way to recover it. That will make the demand higher because of those coins because they are reducing the quantity of total coins in the market, so a fact that price will become higher.

Only time can tell... IMO, that's enough, at least for our life-times.

...however, this could become one of the reasons of sky-rocket price of bitcoin. Either it will go very up, or in the worst case, very down.

When it's pretty much divisible by an infinite amount, yes.

Yep, now that the price is getting more volatile than it was before before because of that Bitcoin ETF thing there will be more people holding coins and less people having any access in getting any coins from Bitcoin Exchanges (At least not as much as they hope to get).
If Bitcoin actually pumps up towards the $1 per Sat then there would be chaos, there is a bunch of people that loss a large amount of coins just by playing Bitcoin Dice games.

i think that in future most of the people will be using bitcoin. as we can expect that in future the price of bitcoin will increase too much and hope that in such time we will count bitcoin in satoshi as because of its high price.

Yes, when bitcoin prices reaching million price levels or 10 millions levels, we need to use lower units than satoshi to have convenient notations. The biggest advantage of electronic payment systems, we can have unlimited number of units hence 21 million bitcoins is just a theoretical limitation not for practical usage.

Literally we can say bitcoin has infinite amount of units to serve us regardless of how many people will be adopting it. Mr. Satohsi has given us a versatile system to withstand for any future requirements.

For human greed, 21 billion is not enough. But, I do agree that not all of man will have bitcoin, just a few of us.
Furthermore, not everyone knows about bitcoin even just heard about it. Bitcoin isn't so attractive for some people instead of using fiat money or holding gold. I realized that bitcoin is not created for all of us such as fiat money, but only for them who wants to use this technology but not as currency.

I Dont even believe that bitcoin was originally made for the whole world in the first place. Its either that Satoshi never had the idea that the project will be as successful as this or the 21 million maximum cap is a ruse for everyone to believe that the number of bitcoin is limited so as to keep the pressure high and miners can make more money. But either way, I dont see the 21 million enough to cater for everyone.

Well the 21 bitcoins might be enought knowing the bitcoin price will keep raising over the years, but bitcoin were made for all, even not expecting such big sucess. Not all people do transactions online, soo bitcoin could handle a big part of those transactions, but with the high fees being charged bitcoin should become an option like gold, to store value.

Nobody can say how much can worth that 21 million bitcoins, in this moment by the current price that is 2.52E10, for 10 years total worth of all bitcoin can be 3 times bigger then it is now. If bitcoin increase a lot, there will be enough for everyone, look how the bitcoins are distributed now, everyone can still earn or buy bitcoins, and many of the people here are holders. There will be enough bitcoins, milibitcoins, one day microbitcoins for every person in this world.

Indeed, there might seem that 21 million BTC is not enough to cover the whole needs of the world with the current price, but remember that the price of the bitcoin is always rising and the more people are going to use it the higher it gets and that means that if you need 0.1 btc to buy something in the future you will be using 0.0001 btc to buy the same thing.

Of course, the richest 1% will own 50%+ of all bitcoins...

Yeah and with limited supply of bitcoins and higher demand will help in taking price to extreme high level in future and once many people will start using bitcoin this amount would not be sufficient but its good that we have limited amount of bitcoins as it will make bitcoin more powerful currency in future.

The developers of bitcoin are much more brilliant and they have a good planning for internet currency in the form of bitcoin and they have decided their own calculation for that currency so that will be better. The other point is that bitcoin also have sub division so there are numerous in these 21 million bitcoins which will serve for the people of world.

At the rate Bitcoin is dumping as of this writing, there'll be about 21 million more bitcoins than needed.

8)

Even though you can split a Bitcoin down to 8 decimal places, you can't really send just 1 satoshi. What would the fee be for that transaction? Even if the fee was 1 satoshi, the fee would be 100% of the transaction price. For that reason, we can't really say that we can break a Bitcoin down to that small of an amount.

As likely mentioned already it is enough if we treat Bitcoin as an asset class and alt-coins or sidechains replace the usage of Bitcoin for p2p transactions and Bitcoin and the mining turns more towards b2b but divisibility works that way if we can increase the block size.
 

yes that is very right to say that its price will depend on the price of bitcoin, if the price of bitcoin is increasing then 21 million is enough for the world wold as people will be using its units and not the whole bitcoin.

What is even wrong with you first of all bitcoin can't introduce anyone to online payments as it isn't even that famous and it isn't secure with all the risks online as you can't expect a newbie to know what is escrow and if the price fluctuates he may get scared. The best way to introduce someone to online transactions would be paypal as it is safe to purchase, we can actually contact paypal if any problem occurred.

yes that is really a big digit and we can have even a very small unit of it and that is the reason that i can say that the 21 millions is really a big amount for the world world

When I was a noob around here I was wondering and asking the similar questions but now I know that not even 10% of all the people in the world will ever use bitcoin and decentralized cryptocurrencies in general, why? because they are fine with their fiat systems and have nothing to complain.

and we don't need that 7B people use bitcoin man, bitcoin can do fine with 10%, 10% is not a low amount it's a lot, 10% mean 700M people using bitcoin, can you image if an amount of people like these use bitcoin what would be the value? i think from 10k to 100k dollars

Oh, it would be very good if 10% of the world's population knew about bitcoin))
But, I agree with you - this will not happen. At this hour little people know about bitcoin and this is holding back the rapid growth of the price of this currency

Ofcourse this amount of bitcoin will be enough for the bitcoiners of the whole world and also for the newbies who will enter on the bitcoin job .
Here the amount of bitcoin is not a big matter because if the numbers of the bitcoin per user became down then surely the price of the bitcoin will increase , that will be solution for the limited supply of bitcoin .
So here all over it is not a big matter whether the 21 million bitcoin is limited supply in the bitcoin market .

We cannot expect that each and every person in the world will start using bitcoins in future but as the supply of bitcoin is limited and if demand goes higher then it will take price to next level in future and I think at this stage 21 million bitcoins are more then enough.

Probably not

Yes this will be enough for everyone since no one will work everyone will try to spend btc but no one will accept them because there's plenty of it and will make the world lazy.
But luckily this will not happen.
As i said above you know what will happen anything like this happens.

Bitcoin's decimals are enough for the current people's needs and bitcoin can be divided into more decimals and digits just only when to see this time to come, a satoshi worth very small now and when it becomes a dollar or so then I think the bitcoin devs will divide bitcoin further. At the moment I think that are enough, is the current fiat enough for the whole world? We should analyze and discuss from the other aspects.