Is 21million BTC really enough for the wole world?

[batang_bitcoin]

Just like a small $1 paper, when you bought something that is worth centavo then it will be divided into portion. Just like in bitcoin, a person doesn't really need to have the whole bitcoin for buying a cheap or something that is worth buying for only 0.005 BTC it will be divided into portion. But not all people in the world, will be engaging with bitcoin and if all 21 million coins are mined, the price will increase. It will depend on supply and demand.

[Pearls Before Swine]

Yes it's enough.  And even if it weren't enough, anyone who wants to use crypto has tons of other altcoins to choose from.  Some of them work even better than bitcoin itself.

[shinratensei_]

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

It's really enough because every people will not have a big part of the bitcoin, if you can see the other person is buying a gold and you will find he will buy gold with miscellaneous heavy. And every people will get a little part of bitcoin. And every satoshi will have a high value in the future. don't forget 1 btc = 100,000,000 satoshi

[socks435]

In my own i think it will be still enough bitcoin because we are not relaying the number how many bitcoin is..
We are just relaying on demand and supply if more people are using bitcoin and buying it since its in demand the price of bitcoin will increase its value..
So i think that amount will be enough bitcoin for us..

[Juggy777]

Definitely more than enough, op. I think you should know not all the coins have been mined as of now. So if you are wondering what will suddenly happen, then there yet time as there are yet coins to be mined. Then there are already the existing coins that are in the market and they will be rotating around as people will need them for Fiat. So at a given time every one will have what they can buy, for eg so much Fiat in the world, yet only few have all of it, and the rest scramble to get it. But yet it's enough. So I really don't see any need for worry over the number of Bitcoins in the system.

[sotoshihero]

The total market cap is not enough to cover the whole population of the world, but that doesn't mean that it will get out of the game after getting the last bitcoin mined, but in fact, this would mean that the prices will go high like crazy and the coins will be spread in users at their least denomination, may be during that time, even an mBTC would cost more than $100.

I agree that it is not enough. 21,000,000 BTC to the whole population, it will make bitcoin more expensive in my opinion. BUt if it is billions then, then i think it is easy to get one in whole number.

[Nekutasa]

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

It can be more than enough because the truth of the matter is that not everyone uses bitcoin. Not everyone needs bitcoin. And not everyone needs to have X amount because there's only 21 million. (I.e.) The homeless people in the streets dont have money... while it may be a nice gesture not all people share/donate or are obligated to share/donate their money...

I understand that there is a limited supply but not everyone has the use for them or even knows what they are so I think the bitcoin community is in a good position because we dont have to worry about not having enough

[boyptc]

If there are a lot of potential investors that are going to come in the future then I can say that 21 million bitcoin is enough for the whole world. Because I know that not all the population of the world will be getting in bitcoins. Less out those burned coins still that can cater the people in the world that are using bitcoin no matter what.

[thisappointed]

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

Nobody said that 21 million bitcoin is enough for us, because the truth is, every bitcoin users around the world desires to have more bitcoin as many as possible, because this is our true nature, we want more as long as it benefits us. And not all the people around the world wants bitcoin and know about bitcoin so this 21 million bitcoin is too much for all the bitcoin users right now, if all the people around the world will use it, then it is not enough.

[~Bitcoin~]

Actually even 1 satoshi can be spent and there will be 21 million x 10^8 Satoshi which i think will be more than enough for everyone. Also by the time when all bitcoin will be mined, world population may not remain 6 billion only. 

[Vaskiy]

If there are a lot of potential investors that are going to come in the future then I can say that 21 million bitcoin is enough for the whole world. Because I know that not all the population of the world will be getting in bitcoins. Less out those burned coins still that can cater the people in the world that are using bitcoin no matter what.

In future there might be more potential investors. 21million is very small compared to the entire population around, so only with the increased price and denominations the bitcoin network can serve the entire world for the better.

[HabBear]

But what I think is most important to realize about Bitcoin is that it is the driving force behind what people are calling "currency competition" and we as people around the world are now far more able to choose what we believe provides us with the best utility

"Currency Competition" is a bit misleading, no?

Are you talking about competition among cryptos? There really isn't any. What businesses are accepting Litecoin or Doge or any of the other dozen crypto coins in existence? None. Bitcoin is it for the crypto currency. And to expand a bit, how much competition is Bitcoin giving the Dollar or the Euro or the Yuan? Very, very little. Most places don't accept Bitcoin and of those that do most still are doing business in fiat over Bitcoin.

And to other Members bringing up that there are 100,000,000 satoshi in 1 Bitcion...it's been said over 10 times now. Any future comments like this can be considered "not constructive" and shouldn't be paid for from your signature campaign.

Actually even 1 satoshi can be spent and there will be 21 million x 10^8 Satoshi which i think will be more than enough for everyone. Also by the time when all bitcoin will be mined, world population may not remain 6 billion only.  

And every satoshi will have a high value in the future. don't forget 1 btc = 100,000,000 satoshi

The smallest count in bitcoin is satoshi. I think in the future people will be getting used to satoshi, so long as it surely bitcoin prices will have a very high value.

It is not like each person will be owning one btc each. At most, only a part of the population will have bitcoin in their wallet. And bitcoin can be divided into units, it the smallest so far, satoshi. 1 bitcoin is 100million satoshi. So we have 21M by 100M satoshi to be used by bitcoiners. I think that is more than enough.

The exact number of units that the protocol is designed to release is:

2,099,999,997,690,000 satoshi.

It is enough for it .it was planned very well and executes too .there are 8 units for satoshi .it is more than enough for some people .by the time the price of bitcoins would reach up to a maximum height .

Of course it is.  It's divisible 100m times and the value is relative.  

Bitcoins are divisible down to 8 decimal places: 1 satoshi = 0.00000001 BTC
This is more than enough to provide 7 billions (or more people if necessary) with fracture of Bitcoin.

One bitcoin = 100,000,000 satoshis - http://bitcoin.stackexchange.com/questions/114/what-is-a-satoshi.
When all 21 million bitcoins have been mined, there will be 2,100,000,000,000,000 satoshis. If the earth has 8 billion people at that time, this would give every person 262,500 satoshis on average.

Yes. The number of Bitcoins is not as important as the scarcity of Bitcoins.  Since each Bitcoin can be divided into one million bits (1,000,000) or one hundred million Satoshi (100,000,000) I often try to compare bits against fiat currencies instead of entire bitcoins.

1 bit can be divided into 100 Satoshi and 1 Dollar, Euro, Pound, etc. can also only be divided into 100 cents/pence etc. so if we are to compare "equal units" against each other, I think it is better to view 21 million Bitcoins (21,000,000 BTC)  as 2.1 billion bits (2,100,000,000 b) or even as 2.1 trillion Satoshi (2,100,000,000,000 s).

Surely it is. Each BTC has 100.000.000 of satoshis. 21.000.000 x 100.000.000 = 2.100.000.000.000.000 of satoshis, enough for all the world use it well. 1 Satoshi can values more than 1 currently cent. Probably the difficult would be to buy cheap things with BTCs, as 1 satoshi could value more than the price of cheap things like one fuit, one candy...

Let's keep the forum clean, guys. Stop the spam, Seriously.

[Yanisumin]

Everything around here on earth is finite. Time is the only known perpetual force and will always keep on going.
Gold
Metals
Minerals
Diamonds
Everything has its own limitations. The thing here is it's not the number of bitcoins that will be enough. For example; even if we mine all the gold in the earth it will only make its value cheaper, the rarity of product is what measures its price. Even if we have billions of Bitcoin and its value is just 0.0000001 dollars you will just need a lot of it to have 1 dollars. If we only have 21 million bitcoins and the price of 0.001 Bitcoin is about 2000 dollars it will be the same as when we have a billion bitcoins. Scarcity make this possible.
High demand and low supply= high price
High supply and low demand = low price
And lastly everything is not enough for the high demand of need of humans so we tend to control that supply to control inflation and to avoid its value to fall.

[nydiacaskey01]

I think it's enough because if there's a lot of them that is enough for everyone then that will loose it's value because every one can have it and everyone can afford it then it will devalue the Bitcoin. For me, the more it become limited, the more it's valuable and good for keeps and also make it more unique.

[Yuuto]

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

It's not really about the quantity of coins there is.

Think about it, there are countries where exchange rates are really low, say South Korea and Japan. And there are countries where there is a relatively low amount of money in circulation and a really high exchange rate as an result, let's just say Great Britain and Europe.

21 million BTC can be divided into infinite sub-units, it can be seen as 21*1000 million mBTC, or 21*1000000 uBTC, or 21*100,000,000 satoshis. Now is that enough for the whole world? Yes.

It doesn't matter how many bitcoins are in circulation. What matters is if the network is functional or not.

[Amph]

Actually even 1 satoshi can be spent and there will be 21 million x 10^8 Satoshi which i think will be more than enough for everyone. Also by the time when all bitcoin will be mined, world population may not remain 6 billion only. 

you can't spend one satoshi as long as the fee are higher than 1 satoshi, and will never be below one satoshi unless again you are willign to hard fork and make another unit which is smaller than 1 satoshi

you have the option to send without fee but it's not feasible anymore currently, the TX will just return back, the minimum spendeable is equal to the fee at least

assuming 50k satoshi per transaction as a average you have 2k satoshi much for each btc, still 42B "50k" satoshi to be divided to everyone

[geopolisch]

The total market cap is not enough to cover the whole population of the world, but that doesn't mean that it will get out of the game after getting the last bitcoin mined, but in fact, this would mean that the prices will go high like crazy and the coins will be spread in users at their least denomination, may be during that time, even an mBTC would cost more than $100.

Yes, bitcoins is an asset so that means the people who get into bitcoins first would have the biggest and best part of the cake and the guys who get into bitcoins late would just have the left over or I should say lesser amount of bitcoins. The problem is not the 21 million bitcoins but the miners would stop when all coins are mined and the transaction fee as mining reward will not be enough profitable for them.

[terrate]

Yes enough. If more will decrease bitcoin  value.
People gain bitcoin for value .

Also if more bitcoin will make government came out to stop.
(just like if country print more notes)
Miners transaction fee will be increase too due to traffic as more bitcoin.
Security issue will be more .
 

[Bitcoin0916]

I think it is enough, because if we calculate satosi then:
21 million x = 100 million = 21,000,000,000,000,000. If the world population is 10 billion, if divided equally gets 2.1 million satosi. I think this is a sufficient amount to make a transaction. I'm sure, bitcoin been made think of that.

[mining1]

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.