Bitcoin Forum

How bitcoin will prevent overpopulation?

There are many ways to stop the congestion of users here in bitcointalk. The way that they are using now is by blocking some random IP address wherein you wouldn't be able to create a new account. It is a simple way but it is very effective.

I think that Bitcoin has not yet developed enough to consider the problem of overpopulation. It is still developing. It needs more people to support rather than start restricting the flow of people.

Who says "overpopulation" is a bad thing? The goal is to have everyone use Bitcoin, so such a concept shouldn't even exist. More users is better, and there's no upper limit.

That being said, it could be a problem now because of scalability issues. Even then, overpopulation isn't the problem -- scalability is. Rather than limiting how many people should be using Bitcoin, we should be increasing Bitcoin's capacity to cater to more people.

Yes, I think so too. I think there developers focuses on how to develop the coin first rather than thinking about how many users it can cater. There's still more room for growth so they definitely need more people to support the development. I think even if all BTCs are mined they won't get any trouble about the overpopulation of users since it can support it.

The demand will be increase significantly, no need to stop it. Although the price will be very expensive but the fees also will be very high. If there are people who can solve this issue then bitcoin acceptance will be grow faster.

Absolutely, I do agree with you sir. I'll never notice that the number of population in bitcoin will cause difficulties or problem to the system. In my own opinion,I thought that bitcoin appears in the market with the purpose of having a broader and wider adoption of a huge number of people therefore the system will be much stabilized and successful. The more demand of people is the more chances of bitcoin to have it's long lasting existence in crypto world. 

Not all people are agree with the idea about bitcoin now, many bad news about bitcoin thats spread. I am very sure it will not be happen. Also, for peo0le who already rich then they are actually don't have to invest in risky investment such as bitcoin.

I'm assuming by overpopulation you mean more people adopt bitcoin. Well more demand for bitcoin is just good for the market, since total available BTC will never be greater than 21M more demand will cause huge price surges.

Yup. Scalability is probably the limiting factor for BTC right now, and more demand for bitcoin is just gonna worsen this issue. Segwit was the first step to solve scalability, and I'm hoping lighting network is the second.

bitcoin is not a room or a city to become "overpopulated".
and as for the number of users, bitcoin is a currency and it should be able to handle a lot of users. virtually unlimited number but practically limited to the population of the world and in reality it will be limited by the block size.
and sorry to disappoint you but the demand for bitcoin will continue to increase whether you like it or not. and the FUD will go away at some point and bitcoin will be back on track soon.

More people joining at bitcoi/cryptos is better for us, if bitcoin was restricted for a tiny group, the price would never grow.
But bitcoin needs some improvements to solve scalability problem.
Lightning Network maybe solve this issues.

You are talking about bitcoin or bitcointalk. ::)

If bitcoin I don't know what is the meaning of overpopulation because bitcoin has liquidity so it can be purchased by anyone in the world the price will get increases if more and more people buying the bitcoin so there is no need to limit the users,let them use bitcoin. :)

I don't think there are ways to limit the users. Since bitcoin is decentralized everyone can have it. If overpopulation occurs, there will be huge effect in the price of bitcoin since the supply of bitcoin is just limited. The price may skyrocket again as well as the fees because of the large demand.

Why does bitcoin limit the use of people?
If more and more people are using bitcoin, so the value of the bitcoin will be bigger and bigger, and slow the bitcoin transfer problems still exist at present, the electrical network can change all that.

In simple economics there is no such thing as over-demand (if that's what you mean by overpopulation) as it is always about the supply, the supply will always adjust to the demand whether it is oversupply or undersupply the factor that will determine it is the demand. With Bitcoin being a fixed supply and the demand is increasing with new users entering and buying Bitcoin there is no where to go but for its to price increase or make it more volatile as the market participation is also increasing. The demand simply cannot be change as we cannot control people who are and who aren't entering the cryptocurrency market particularly the Bitcoin market, simply put it this way as being out of our hands.

overpopulated why should be worried? I think more and more users will get better for bitcoin development. There is still more room for growth so they definitely need more people to support development. I think even if all bitcoin are mined, they will not get into trouble about the advantages of users as it can support it.

I agree, bitcoin is still in the process of developing. It's good to have a large number of people in bitcoin because it shows that bitcoin is trustworthy. But when a problem occur because of the bundle of people then it is the time to make an action to solve it.

Bitcoin will not stop to limit its users, it's actually trying to lure more users.

Bitcoin's inventor Nakamoto set a monetary policy based on artificial scarcity at bitcoin's inception that there would only ever be 21 million bitcoins in total. Their numbers are being released roughly every ten minutes and the rate at which they are generated would drop by half every four years until all were in circulation.

If more and more people are using Bitcoin while it has reached its full supply --> the price of Bitcoin will be shockingly high due to scarcity.

At that time, we need to look for other options. It could be accepting transactions using other coins or tokens.

I don't think being overpopulated is the concern, but I see what you mean. I think the real concern right now as others have mentioned is scaleability. If a way to increase the processing amount and speed of transactions is implemented, along with reasonable fees, then we might see btc being adopted as more of a mainstream currency--one that is available for use in a variety of everyday purchases for MORE people. The whole purpose of btc was to give financial freedom to the public, I don't believe there was a limit to the number of people in that initial thought.

The admin of this forum has already done so many ways to prevent overpopulation. One of those is when creating an account the is already a proxy ban wherein you will need to pay for it. Another one is the merit system it give people a hard time to rank up so more likely they will become lazy.

Why we need to control the people from entering into bitcointalk?

It was meant for all the people who wanted to know about bitcoin and other cryptos so admin don't want to restrict the new users.The IP ban is the reduce the alt account creation and the merit system is to restrict the signature spammers who don't know anything about cryptos just filling their weekly quota of posts to getting paid.

I think all Investment have a risk, eventhough bitcoin is risky but a lot of people still interested to Invest their money in bitcoin including rich people because everybody know bitcoin as a promising Investment and bitcoin price can increase rapidly.

Yeah maybe we think that we are overpopulated now and that is why bitcoin forum has a merit system and more strict rules on campaigns. I noticed that there are many new users here on forum after a stunning performance year of cryptocurrency last year. Merit system will help this forum to control the number of campaign participants since we have thousands of member here.

Still i dint understand purpose of your question . But based on my understanding if more people start to consume bitcoin with limited supply 21 million . then obiviously bitcoin demand and price will increase . I may reach moon even mars then Sun also.

Bitcoin would never be overpopulated it has been created for everyone to be used,
And bitcoin is ready for it that is why bitcoin could be divided into a small fraction (Sats or Satoshi).

I agree, rather than having to limit users bitcoin should find a way to further improve stability for a time, if the bitcoin users are increasing, it will not be a hassle.
preparing empty seats for new passengers  ;)

Even if it has been 10 years now since bitcoin exists I think it still needs to develop more and more everyday because in the beginning it took baby steps in the technology

I never thought of the limited number of bitcoin users because bitcoin is a financial solution that everyone has the right to use bitcoin to solve financial problems. many bitcoin users are not the cause of the decline in bitcoin prices, and conversely more and more people are adopting bitcoin will certainly make the demand increase and will make the price higher. so in my opinion you have no right to suggest about limiting the number of bitcoin users.

bitcoin is a system that is directly related to the internet network that can be accessed to all parts of the world. so how can you possibly reduce the population level of its use unless you have a way to disconnect all the internet networks and this might sound very funny because I do not think you can do it because all the systems will get stuck.

WTF? Are you talking about the global human population growth or the growth in terms of Bitcoin users? If you were referring to the latter, then why should anyone stop it? It is going to be good for Bitcoin and its users. The more the number of users, that much valuable will be the currency. Everyone will benefit out of it.

Over population is not a problem at all. If that is done, even owned a small amount of bitcoin is enough, because I believe that bitcoin would be so high in price when there are a lot of people used it. Even owned a small amount of it would be enough.

Why do we need to prevent new people from entering the market? It is true that Bitcoin cannot handle huge volume of transactions in a day because it can only confirm limited transactions but preventing new people to buy or invest in Bitcoin will not solve the problem. Bitcoin is still not a perfect system and still needs a lot of improvement and needs to have a solution to its scaling issues. Instead of limiting people from using it (which is impossible to do since everyone can freely use Bitcoin) why not just focus on how to improve the network? lightning network will come out and lets see if it can solve this issue if it fails then schnorr signature will be the next option.

Overpopulation is not a problem but rather it is a goal that bitcoin will be used by almost everyone in the future. The scaling problems will eventually be solved in the future and bitcoins supply will be enough for everyone. I think the main concern should be where can we use bitcoin in our day to day lives if everyone will be using it in the future.

I think that if Bitcoin is overloaded, then there will be measures of the system sent to users such as not being able to buy small quantities and not be able to invest in Bitcoin in short to avoid losses at system overloads. The system.

I think the population of bitcoin users can not be dammed on the basis of the benefits that can be derived from activity in bitcoin. This can be seen from the increase in the value of virtual currency, in addition there are currently many who have knowledge about blockhaind technology, especially millenial generation, and the increasing population of bitcoin users because the younger generation today many are interested in decentralized system.

i highly agree with you, and to think that preventing the usage of bitcoin would be beneficial, i guess not, besides in order also to improve bitcoin, it really needs users, and it doesn't mean we will have to limit those who wants to use it, its not wise and its not a problem solver. and just to consider that it can freely be used by new users according to what you have said mate, so the best move should be improving the networks in order also to avoid traffic per transaction everyday.

certainly many ways, one of them by providing more stringent regulations such as merit system in this forum. but I think bitcoin will not do it, because ownership of bitcoin there is no limit. Is not this good? when everyone uses bitcoin. even as long as bitcoin is made until now, it still has to be developed again until everyone uses it.

We need adaption and good implementation and limiting users is not helping bitcoins and any another cryptos to develop more.
Secondly, Bitcoin is a digital currency and it does not get overpopulated, it grows when many invests.
And if you are pertaining to the Forum itself being overpopulated then you should know that since last year, moderators and admins already implemented good ways not to limit but just to prevent over-polluting this forum.
1. Creating new accounts may have evil points.
2. Newbies are no longer allowed to join signature campaigns (sometimes Jr.s too). Newbies can not wear signatures.
3. The Copper membership allowing newbies to have less restrictions for their own business activities.
4. Merit system to freeze some accounts and lessen spam and shit posts.

This are just some of the ways I have noticed and there is nothing to worry about.
The new system is still going to give results of its effectiveness.

i think there is no prevent overpopulation because if bitcoin is still there it was no limit of people who wants to be part of it so i think bitcoin is consuming power by over population.

I am impressed that you are pretty confident with your statement, you join the campaign but you are being pessimistic of Bitcoin’s growth, with the Bitcoin’s increasing popularity means it will increase its price, do you not HODL Bitcoin? lol
And also for rich people, they already have a lot of money because they are well established in economy. If they don’t succeed in Bitcoin, they will still be rich people. They understand already what is investment and its risks.

The Bitcoin system is unique in that only 21 million bit-coils can be created. However, this will not be a limitation, because transactions can be denominated in small denominations - for example, in bits - every bit is one millionth part of bitcoin. Bitcoin is divided up to 8 decimal places (0.000 000 01) and potentially even further, if this is required because of the decrease in the average transaction size.

Overpopulated is not always a bad thing, especially in a trade. Do you understand the basic principles of the market, the supply and demand? Overpopulated means very high demand, so it's a good thing for Bitcoin because the price is going to rise and everyone will be happy.

bitcoin is a digital asset and currency of the future. this is a treasure that anyone can have, meaning there is no ownership restriction, so I do not think there's a word of overpopulation. for the bitcoin made, so everyone has it.

  Overpopulation? But how does bitcoin know the whole world if you restrict visitors? We all want that everyone knows about bitcoin and at the same time talk about overpopulation? As it all is not logical :) I think that it is necessary to attract more people to bitcoin.

What kind of overpopulation? Frankly, I think that the more people holding the coins, the better, because it promotes better wealth distribution compared to a few businessmen and geeks just holding the coin. If you're talking about network congestion and a proper scaling solution, that is now in the works through LN which, hopefully, would help bitcoin scale when bitcoin goes big. Also, it wouldn't be a nice concept if an open-source code controls how many users can only hold coins.

While I am against overpopulation, having many user to access and use bitcoin is quite helpful for the community in spreading it. More people using it, the higher value of bitcoin will be. Given that some will use it for bad reasons, we can't do anything about it.