BTC has too few coins to function as a global currency.

[Oralmat]

I don't think that is important how much Bitcoins exist in the world.
In fact, it will be even better than we have less bitcoin available.
In such way, value of Bitcoin will increase and we will have profit from it
Bitcoin is already global currency and people from all over the world can buy, sell or keep Bitcoins in their wallets.
If demand for Bitcoin will be high, its price will also increase a lot, and this price will become to high for average users.
So, don't worry about it, free market will regulate everything.

Agreed, i am really agree with you, bitcoin is already global crypto currency, we can see within 7 years, all over the world is using the bitcoins, and the number of the people day to day is increasing and it is a proof that people like it and want to do investment in bitcoin, Even other more crypto currencies are here but people like it more than others. 

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[SONG GEET]

21 million is not actually a small amount and i think it can function as global currency as even even 1 satoshi can be cosidered or transafered in bitcoin so there will be 21x10⁸ million amount of satoshi enough to function as global currency.

[btvGainer]

ok lets take this one step at a time.
you say bitcoin becomes a global currency, so in that case the price should rise up a lot first because of the adoption (simply more demand > higher price)

first of all it will never be "global" nothing is ever global. so lets say the price goes up to $10,000 since so many users like this number then 1 cent is 0.000001BTC (0.000002BTC if it goes to $5000)

so it is safe to assume 1 satoshi is worth something eventually.

with that in mind there is not 21 million coins but there are 21e14 (2,100,000,000,000,000) coins available so there is enough coins to go around. (keep in mind there is nothing called decimal point in bitcoin code, for example right now what you see as 0.1BTC is what your GUI shows you in reality you should see 10000000 instead)

(but what is the fee to send 1 satoshi ?  )

two things i got to say to this:
1) fees will change with price. and it has already changed a lot of times
2) it has been said before and i say it again if 1 satoshi has a value in fiat then bitcoin can be divided into a smaller amount (0.1, 0.01 satoshi)

Moreover if such situation exist we can keep bitcoin for high value transactions only and not for our day to day purchase

[fatima zuhra]

i think the number of coins is increasing day day, the minors are providing the bitcoin in the market on regular bases and i think it is really completing the requirements of the users.

[hajimasan]

I know first argument will be that it is divisible to a million trillion satoshi.
(but what is the fee to send 1 satoshi ?   )

This debate has been around for ages.  I was wondering if there is a lists of essays/blogs/threads that eloquently sum up the situation?

---
1. Satoshi designed Bitcoin to eventually become a deflationary currency.
https://www.quora.com/Why-is-Bitcoins-cap-set-at-circa-21-million-coins-and-not-more-or-less

 
 

still your is right at your place . but in my opinion the idea behind the 1 satoshi was a prediction that  the value of 1 btc will increase in that much amount which can attain atleast 0.1$=1 satoshi ( unfortunately it is not much used by whole world so the price is very low )

[shield132]

Why it is few coins for it's price? If 1 bitcoin would be 1 dollar, than yes, it would be impossible to use it worldwide but as you see, bitcoin's price is up to 600 dollar and there are total up to 15 900 000  bitcoins and also you can use globally, there is no limit of country if we don't mean any country's policy about using of bitcoin.

So I think that number of coins and it's price isn't too few tu use it worldwidely.

[requester]

right now we have enough btc according to its user. but with time bitcoin user will increase and at that time we will use satoshi and to send 1 or 2 Satoshi we we'll have very less transaction fees. and at that time price of 1 bitcoin week also rise to $2000 . so you can think of the situation.

[wikenpp]

I don't think that is important how much Bitcoins exist in the world.
In fact, it will be even better than we have less bitcoin available.
In such way, value of Bitcoin will increase and we will have profit from it
Bitcoin is already global currency and people from all over the world can buy, sell or keep Bitcoins in their wallets.
If demand for Bitcoin will be high, its price will also increase a lot, and this price will become to high for average users.
So, don't worry about it, free market will regulate everything.

Agreed, i am really agree with you, bitcoin is already global crypto currency, we can see within 7 years, all over the world is using the bitcoins, and the number of the people day to day is increasing and it is a proof that people like it and want to do investment in bitcoin, Even other more crypto currencies are here but people like it more than others. 

I do think that Bitcoin in the future is going to be much bigger and better because it is going to become more popular. Everyone in the world can make use of Bitcoin you only need internet to do so you can already see it as an global currency if you ask me.
But I also think that they then need to release more Bitcoin in the future if they want to have more users.

[topesis]

21 million is not actually a small amount and i think it can function as global currency as even even 1 satoshi can be cosidered or transafered in bitcoin so there will be 21x10⁸ million amount of satoshi enough to function as global currency.

I like you assessment of the Bitcoin, my own concern is not the 21 million amount but the miners and the transaction fees, I read how the Rothchids  took over the bank of England and this kind of move is possible in future if care is not taken

[RodeoX]

... my own concern is not the 21 million amount but the miners and the transaction fees, I read how the Rothchids  took over the bank of England and this kind of move is possible in future if care is not taken

How?

[caxandra]

I think bitcoin would still function, with 21 million coins potentially would still work IMO, Even with the fees as 0,001 BTC you can send satoshi's, Also the fees are not static and I think the voluntary default fees might be lowered.

[apesconcert]

Bitcoin won't remain known as whole units - it will be units such as millibits and nanobits which become the norm

[praprata]

I also think that if Bitcoin wants to become bigger in the future they need to release more Bitcoin in to the world because otherwise people will not be able to make use f it.
Bitcoin will then stay on the same level and I think that it needs to become bigger.

[markj113]

I also think that if Bitcoin wants to become bigger in the future they need to release more Bitcoin in to the world because otherwise people will not be able to make use f it.
Bitcoin will then stay on the same level and I think that it needs to become bigger.

You do realise that numbers are infinitely divisible.

1 bitcoin is enough for the world if you add enough digits after the decimal point.

[requester]

21 million x 100,000,00 = 210,000,000,000,000
I think these much bitcoin is enough for all. we are not. going to build money building rather we will use it for transaction and that's a great number to function as global currency and not all people will use it.

[praprata]

When I calculate correctly every person on this world could own 260000 staoshis in average, if all bitcoins were mined and the world population is about 8 billion people.
That does not sounds much at first, but of course a satoshi would be worth much more than today, lets say one dollar.
When a transaction has fees of 10000 satoshis, who would pay that?
Nobody I guess. That's why I say there are way too less satoshis to make bitcoin function as a global currency.

I do think that bitcoin needs to have more bitcoin if they want want to act as an global currency because they will not make it with the amount that exist now.
I believe that if more bitcoin will appear that the value is also going to drop.

[calkob]

I know first argument will be that it is divisible to a million trillion satoshi.
(but what is the fee to send 1 satoshi ?   )

This debate has been around for ages.  I was wondering if there is a lists of essays/blogs/threads that eloquently sum up the situation?

---
1. Satoshi designed Bitcoin to eventually become a deflationary currency.
https://www.quora.com/Why-is-Bitcoins-cap-set-at-circa-21-million-coins-and-not-more-or-less

 
 

Well actually bitcoin can be further broken down if needed, there can be more than 8 places after the decimal if required, simple    sorted "next question" lol

[Shiroslullaby]

Yes, as pointed out, its possible to add additional places past the decimal point if necessary in the future.

Each coin would be worth a lot of money for this to be needed,
but it may be necessary if BTC is still being used in ten or twenty years from now.

[croutonhexagon]

No bitcoin has 210000000000000 Satoshi which is more than enough for whole world. And each person could hold more than 100 Satoshi at a time. And when there will be crisis then obviously price will rise up and we will have a time when we will use Satoshi instead of bitcoin. So then there would be no crisis of bitcoin.

[digaran2]

if the size of its blockchain  is solved ,i suppose bitcoin can still scale the hurdle of transaction fees