Is 21million BTC really enough for the wole world?

[wuvdoll]

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

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.

[fluidjax]

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.

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

[examplens]

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

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

[bryant.coleman]

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.

[mining1]

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.

[btcdiggingmaster]

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.

[sportis]

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

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.   

[fanbeila]

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

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.

[gribble]

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.

[Zadicar]

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.

[aardvark15]

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

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.

[Gotottack]

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.

[szpalata]

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.

[target]

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

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.

[Fireblazer]

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

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.

[bettercrypto]

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

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.

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.

[xuan87]

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

[shinratensei_]

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

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.

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.

[Sadlife]

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.  

[carlisle1]

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