WHY 21 MILLION BITCOIN CANNOT SERVE THE WHOLE WORLD

[Leonardo7]

Yes, the total supply of bitcoin can serve the world, if it was 5,000,000 TS. The sotashi will keep expanding or going up in price as more and more people start using it like we saw a huge price leap in 2017, that is how it works. soon thousands of dollars will just be able to buy a little fraction of satoshi. Not everyone in the world actually have real money, some just have substance and money keeps exchanging hands.

[fiulpro]

Well you know I think is as long as we divide the smallest unit of Bitcoins even smaller then you should understand that it will actually all go good .. we could see a good boon soon enough .. it actually could ward off all the problems that comes with bitcoins being not enough for everyone .
I think we could just bring mini Satoshis ...or something in the market .

[STT]

Yeah, satoshi seem to be perfectly fine with me

Both kinda confuse me and so long as BTC appreciates its Satoshi I prefer of the two I think as its the base unit, its a natural starting point and actually superior to people getting confused over owning a whole Bitcoin and immediately being put off by the price as if they must deal in single whole units.    Obviously we know better but I'm talking about the common perception and ergonomics of propagation of a new currency standard, satoshi is cheap as hell which might explain why the Yen and Japan have adopted BTC a bit more freely.

I think we could just bring mini Satoshis ...or something in the market .

I'd rather we just keep it simple.  Companies can keep fractions of a SAT on their balance sheet internally if they like.    I dont think SAT being worth too much is a problem for a while.

[ralle14]

Well you know I think is as long as we divide the smallest unit of Bitcoins even smaller then you should understand that it will actually all go good .. we could see a good boon soon enough .. it actually could ward off all the problems that comes with bitcoins being not enough for everyone .
I think we could just bring mini Satoshis ...or something in the market .

Even if there's no solution in the future, dividing bitcoins to satoshis is already a lot it only comes down to the price of Bitcoin to know if the supply we currently have is still sufficient for everyone.

I'd rather we just keep it simple.  Companies can keep fractions of a SAT on their balance sheet internally if they like.    I dont think SAT being worth too much is a problem for a while.

I agree we could just use decimals if Satoshis becomes expensive similar to what we have now with mbtc.

[FlightyPouch]

Yes, the total supply of bitcoin can serve the world, if it was 5,000,000 TS. The sotashi will keep expanding or going up in price as more and more people start using it like we saw a huge price leap in 2017, that is how it works. soon thousands of dollars will just be able to buy a little fraction of satoshi. Not everyone in the world actually have real money, some just have substance and money keeps exchanging hands.

I don't think we even need to talk about the whole population of the world since not all of them are fond and willing to use bitcoin. Some hate them, some are thinking that it is a scam. They have their reasons but most likely, not all of the people can use this kind of technology. Despite that it is easy to use.

[Ayiranorea]

With comparison to the population over the entire world it is completely impossible to make it get supplied to the entire population if there a massive adoption throughout the world. By that time surely the price of bitcoin will increase, and maybe a Satoshi will get termed to be a bitcoin.

In this time we were supposed to think of providing value, we cannot value an asset beyond its purpose. When something is manipulated and given value it easily fails.

[SquallLeonhart]

With comparison to the population over the entire world it is completely impossible to make it get supplied to the entire population if there a massive adoption throughout the world. By that time surely the price of bitcoin will increase, and maybe a Satoshi will get termed to be a bitcoin.

In this time we were supposed to think of providing value, we cannot value an asset beyond its purpose. When something is manipulated and given value it easily fails.

There is need for adoption, and I think that I will prefer the adoption from the masses so that the distribution of bitcoin can go wide, there was a mate that saw problem with the distribution of bitcoin, because only the wealthy people can really accumulate bitcoin that much at this stage and even the masses would not be able to accumulate it, which means that even in the bitcoin world, it is still the rich people that control us and imagine what they would do when some group of people have so much bitcoin to themselves.

There is need for us to get adoption of bitcoin, this will really create a very good impact and all this issue of bitcoin not being able to meet the need will not arise because that time will come that the smallest of bitcoin is what will be used.