Bitcoin Forum
May 08, 2024, 09:50:21 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: Will there be enough of bitcoins for everyone?  (Read 1658 times)
alexh
Member
**
Offline Offline

Activity: 183
Merit: 10



View Profile
April 05, 2013, 06:13:01 PM
 #21

I'm pretty sure most of us will be dead until all bitcoins have been mined. And all those great minds will come up with a solution when the prices for Bitcoins skyrocket like crazy.
1715161821
Hero Member
*
Offline Offline

Posts: 1715161821

View Profile Personal Message (Offline)

Ignore
1715161821
Reply with quote  #2

1715161821
Report to moderator
1715161821
Hero Member
*
Offline Offline

Posts: 1715161821

View Profile Personal Message (Offline)

Ignore
1715161821
Reply with quote  #2

1715161821
Report to moderator
1715161821
Hero Member
*
Offline Offline

Posts: 1715161821

View Profile Personal Message (Offline)

Ignore
1715161821
Reply with quote  #2

1715161821
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
yvv
Legendary
*
Offline Offline

Activity: 1344
Merit: 1000

.


View Profile WWW
April 05, 2013, 06:23:50 PM
 #22

If you do not like 0.1 BTC call it 100 mBTC then, or if you really want to feel rich call it 100,000 uBTC!

Why such a half measures? Call it 10M satoshis! Feel like a millionaire!  Grin

.
Neverest
Newbie
*
Offline Offline

Activity: 70
Merit: 0



View Profile
April 05, 2013, 06:49:50 PM
 #23

Don't forget that 2 billion people do not even have access to electricity, let alone Internet..

More people have access to the Internet via cell phones worldwide than have access to a flush toilet.  Access to electricity is not a pre-requisite. 

Correct. But all those cell phones need to be charged somehow.
res
Newbie
*
Offline Offline

Activity: 14
Merit: 0


View Profile
April 05, 2013, 08:07:20 PM
Last edit: April 05, 2013, 11:16:05 PM by res
 #24

Fiat currencies are suiciding, we don't have to defeat them, they are already ruining themselves.

https://bitcointalk.org/index.php?topic=168176.0
Most fiat currencies issuers have at least 5 more ways to destroy bitcoin completely.
If they want to destroy it, Bitcoin will be done. Bitcoin is alive because they don't care for now and that's because bitcoin is nothing for now.
MoonShadow
Legendary
*
Offline Offline

Activity: 1708
Merit: 1007



View Profile
April 05, 2013, 10:47:05 PM
 #25

Fiat currencies are suiciding, we don't have to defeat them, they are already ruining themselves.

https://bitcointalk.org/index.php?topic=168176.0
Most fiat currencies issuers have at least 5 more ways to destroy bitcoin completely.
If they want to destroy it, Bitcoin will be done. Bitcoin is alive because they don't care for now and that's because bitcoin is nothing for now.

False.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
MoonShadow
Legendary
*
Offline Offline

Activity: 1708
Merit: 1007



View Profile
April 05, 2013, 10:57:36 PM
 #26

Don't forget that 2 billion people do not even have access to electricity, let alone Internet..

More people have access to the Internet via cell phones worldwide than have access to a flush toilet.  Access to electricity is not a pre-requisite. 

Correct. But all those cell phones need to be charged somehow.

Stop and think, young man.  5 volts at half an amp, or 2.5 watts.  A standard bike headlight is about 3 watts, whatever shall we do???

http://www.youtube.com/watch?v=-p20hxRVj5c

Of course there are already existing infrastructure for charging phones, as some people have made a business out of using a solar panel to charge phones for others.

http://www.technologyreview.com/view/428569/solar-charger-made-for-africa-coming-to-the-us/

And using a cell phone to send money isn't even a foreign concept to Africans as much as it is to Americans...


http://en.wikipedia.org/wiki/M-Pesa

Therefore, you're argument is invalid.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
res
Newbie
*
Offline Offline

Activity: 14
Merit: 0


View Profile
April 05, 2013, 11:16:15 PM
Last edit: April 05, 2013, 11:50:16 PM by res
 #27

More people have access to the Internet via cell phones worldwide than have access to a flush toilet.

Untrue. I know there is a dailymail article which made a similar claim, But there is a flaw in the article and your statement is not the same as dailymail's.

First of all, It's true that there are 6 billion mobile subscription in the world. But it does not necessarily indicate that 6 billion people held each subscription.
In case of United States, There are 321.7M wireless subscriber as of JUN 12. And guess what? There are only 313,914,040(est) people in the US as of 2012.
And It's not a rare event. In Hong Kong, There are over 13 million wireless subscriber(2011) but the population of Hong Kong barely exceeded 7m(2011).
Therefore, The number of actual phone holder must be quite lower than 6 billion. It could be lower than 4.5 billion which is the number of people who have an access to flush toilet.

And most of 6 billion phones are not even smartphone. A cumulative smartphone sales figure won't pass the 2 billion bar in this year. In other words, there are at best 1-1.5 billion people who have a smartphone and internet connection service provided by network operator. Plus, there are some people who has a phone but not a computer especially in underdeveloped countries, but computer owners usually have a phone nowadays.

Therefore, a number of flush toilet user must be 2-3 times higher than a number of internet users.


Fiat currencies are suiciding, we don't have to defeat them, they are already ruining themselves.

https://bitcointalk.org/index.php?topic=168176.0
Most fiat currencies issuers have at least 5 more ways to destroy bitcoin completely.
If they want to destroy it, Bitcoin will be done. Bitcoin is alive because they don't care for now and that's because bitcoin is nothing for now.

False.

Read the link.


Stop and think, young man.  5 volts at half an amp, or 2.5 watts.  A standard bike headlight is about 3 watts, whatever shall we do???

It's not widely accepted. Can you make a claim that most of the people who doesn't have an access to electricity have those kind of bicycle-powered charger?
Of course you cannot. Therefore, there are still electricity related issues out there.


some people have made a business out of using a solar panel to charge phones for others.

Think about cell tower. It's very common that people don't have an access to electricity because their closest electricity line is at least 20 miles away. And in this case, There will be no power to activate the cell tower they need. Powering it up by solar panel? Hello? Their governments don't have money to spend on electricity line.
MoonShadow
Legendary
*
Offline Offline

Activity: 1708
Merit: 1007



View Profile
April 06, 2013, 01:02:41 AM
 #28

More people have access to the Internet via cell phones worldwide than have access to a flush toilet.

Untrue. I know there is a dailymail article which made a similar claim, But there is a flaw in the article and your statement is not the same as dailymail's.

First of all, It's true that there are 6 billion mobile subscription in the world. But it does not necessarily indicate that 6 billion people held each subscription.
In case of United States, There are 321.7M wireless subscriber as of JUN 12. And guess what? There are only 313,914,040(est) people in the US as of 2012.
And It's not a rare event. In Hong Kong, There are over 13 million wireless subscriber(2011) but the population of Hong Kong barely exceeded 7m(2011).
Therefore, The number of actual phone holder must be quite lower than 6 billion. It could be lower than 4.5 billion which is the number of people who have an access to flush toilet.


Really?  So your logic is that, since there are non-zero percentage of wireless subscribers in the United States and Hong Kong (many of which are held by regular business travelers, not residents) then it's reasonable to assume that enough common Africans with a cell phone maintain more than one phone number?  Do you maintain more than one cell phone subscription?

Quote
And most of 6 billion phones are not even smartphone. A cumulative smartphone sales figure won't pass the 2 billion bar in this year. In other words, there are at best 1-1.5 billion people who have a smartphone and internet connection service provided by network operator. Plus, there are some people who has a phone but not a computer especially in underdeveloped countries, but computer owners usually have a phone nowadays.


I'm not worried about that either, the trend is obvious.  There are likely to be older model smartphones by the time that Bitcoin is truely mature anyway.  And even if that wasn't so, M-Pesa ran on normal cell phones.  A service similar to BitcoinSpinner could run on just about anything, if the service provider was interested in doing so.

Quote

Therefore, a number of flush toilet user must be 2-3 times higher than a number of internet users.


Must?  My wife doesn't use a smartphone, and her phone cans still surf basic web pages.
Quote
Fiat currencies are suiciding, we don't have to defeat them, they are already ruining themselves.

https://bitcointalk.org/index.php?topic=168176.0
Most fiat currencies issuers have at least 5 more ways to destroy bitcoin completely.
If they want to destroy it, Bitcoin will be done. Bitcoin is alive because they don't care for now and that's because bitcoin is nothing for now.

False.

Read the link.



I did.  It's false.

Quote
Stop and think, young man.  5 volts at half an amp, or 2.5 watts.  A standard bike headlight is about 3 watts, whatever shall we do???

It's not widely accepted. Can you make a claim that most of the people who doesn't have an access to electricity have those kind of bicycle-powered charger?
Of course you cannot. Therefore, there are still electricity related issues out there.


Issues, sure.  You think small.

Quote
some people have made a business out of using a solar panel to charge phones for others.

Think about cell tower. It's very common that people don't have an access to electricity because their closest electricity line is at least 20 miles away. And in this case, There will be no power to activate the cell tower they need. Powering it up by solar panel? Hello? Their governments don't have money to spend on electricity line.

If you're waiting for governments to provide for infrastructure, you'll be waiting a long time.  And yes, a minimalist cell tower could be powered by solar alone, but most of them usually have a small genset at well.  If you want to see how wireless communications can actually work in distant places, do some research on how the US miliatry does it.  I used to build these things.  It's not trivial to establish and maintain a 100 kilometer link, but nor is it beyond reach.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
bitManXD
Newbie
*
Offline Offline

Activity: 12
Merit: 0


View Profile
April 06, 2013, 02:23:37 AM
 #29

I dont think there's enough.
christop
Member
**
Offline Offline

Activity: 84
Merit: 10



View Profile
April 06, 2013, 02:34:28 AM
 #30

I dont think there's enough.
Why not?

Tips are always welcome: 17Z63hLi2ox4fCMhDqVJrLTJiXVcBMJpMo
Alpaca socks donations: 1sockzDWcF8mrC59CgiN7HAJm6xL7TiRW
res
Newbie
*
Offline Offline

Activity: 14
Merit: 0


View Profile
April 06, 2013, 07:12:23 AM
 #31

i don't have a habit of feeding trolls, that's all i'm saying.
countryfree
Legendary
*
Offline Offline

Activity: 3052
Merit: 1047

Your country may be your worst enemy


View Profile
April 07, 2013, 12:05:13 AM
 #32

Excuse-me, but why should everybody have bitcoins?

There are Ferrari cars, there are houses with a swimming-pool, but most people don't have one. There are hundreds of millions people who don't have enough food each day. In Africa and India, there are millions who don't have shoes.

So forget the question, it's totally irrelevant.

I used to be a citizen and a taxpayer. Those days are long gone.
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!