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Author Topic: If bitcoin is overpopulated how will it stop to limit the users?  (Read 467 times)
St4yInTh3D4rk
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March 15, 2018, 06:43:37 AM
 #21

The admin of this forum has already done so many ways to prevent overpopulation. One of those is when creating an account the is already a proxy ban wherein you will need to pay for it. Another one is the merit system it give people a hard time to rank up so more likely they will become lazy.
Why we need to control the people from entering into bitcointalk?

It was meant for all the people who wanted to know about bitcoin and other cryptos so admin don't want to restrict the new users.The IP ban is the reduce the alt account creation and the merit system is to restrict the signature spammers who don't know anything about cryptos just filling their weekly quota of posts to getting paid.

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March 15, 2018, 06:55:57 AM
 #22

How bitcoin will prevent overpopulation?
Not all people are agree with the idea about bitcoin now, many bad news about bitcoin thats spread. I am very sure it will not be happen. Also, for peo0le who already rich then they are actually don't have to invest in risky investment such as bitcoin.

I think all Investment have a risk, eventhough bitcoin is risky but a lot of people still interested to Invest their money in bitcoin including rich people because everybody know bitcoin as a promising Investment and bitcoin price can increase rapidly.
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March 15, 2018, 07:01:22 AM
 #23

How bitcoin will prevent overpopulation?
Yeah maybe we think that we are overpopulated now and that is why bitcoin forum has a merit system and more strict rules on campaigns. I noticed that there are many new users here on forum after a stunning performance year of cryptocurrency last year. Merit system will help this forum to control the number of campaign participants since we have thousands of member here.
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March 15, 2018, 08:58:26 AM
 #24

How bitcoin will prevent overpopulation?
Still i dint understand purpose of your question . But based on my understanding if more people start to consume bitcoin with limited supply 21 million . then obiviously bitcoin demand and price will increase . I may reach moon even mars then Sun also.
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March 15, 2018, 09:04:11 AM
 #25

Bitcoin would never be overpopulated it has been created for everyone to be used,
And bitcoin is ready for it that is why bitcoin could be divided into a small fraction (Sats or Satoshi).

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March 15, 2018, 02:18:45 PM
 #26

Who says "overpopulation" is a bad thing? The goal is to have everyone use Bitcoin, so such a concept shouldn't even exist. More users is better, and there's no upper limit.

That being said, it could be a problem now because of scalability issues. Even then, overpopulation isn't the problem -- scalability is. Rather than limiting how many people should be using Bitcoin, we should be increasing Bitcoin's capacity to cater to more people.
I agree, rather than having to limit users bitcoin should find a way to further improve stability for a time, if the bitcoin users are increasing, it will not be a hassle.
preparing empty seats for new passengers  Wink
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March 15, 2018, 02:20:54 PM
 #27

Even if it has been 10 years now since bitcoin exists I think it still needs to develop more and more everyday because in the beginning it took baby steps in the technology

The best is yet to come!
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March 16, 2018, 11:23:49 AM
 #28

How bitcoin will prevent overpopulation?
I never thought of the limited number of bitcoin users because bitcoin is a financial solution that everyone has the right to use bitcoin to solve financial problems. many bitcoin users are not the cause of the decline in bitcoin prices, and conversely more and more people are adopting bitcoin will certainly make the demand increase and will make the price higher. so in my opinion you have no right to suggest about limiting the number of bitcoin users.
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March 20, 2018, 08:00:48 AM
 #29

How bitcoin will prevent overpopulation?
Still i dint understand purpose of your question . But based on my understanding if more people start to consume bitcoin with limited supply 21 million . then obiviously bitcoin demand and price will increase . I may reach moon even mars then Sun also.
bitcoin is a system that is directly related to the internet network that can be accessed to all parts of the world. so how can you possibly reduce the population level of its use unless you have a way to disconnect all the internet networks and this might sound very funny because I do not think you can do it because all the systems will get stuck.
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March 20, 2018, 08:03:13 AM
 #30

How bitcoin will prevent overpopulation?

WTF? Are you talking about the global human population growth or the growth in terms of Bitcoin users? If you were referring to the latter, then why should anyone stop it? It is going to be good for Bitcoin and its users. The more the number of users, that much valuable will be the currency. Everyone will benefit out of it.

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March 20, 2018, 10:34:07 AM
Last edit: March 20, 2018, 01:08:21 PM by Amilhussin24
 #31

Over population is not a problem at all. If that is done, even owned a small amount of bitcoin is enough, because I believe that bitcoin would be so high in price when there are a lot of people used it. Even owned a small amount of it would be enough.
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March 20, 2018, 11:26:45 AM
 #32

How bitcoin will prevent overpopulation?
Why do we need to prevent new people from entering the market? It is true that Bitcoin cannot handle huge volume of transactions in a day because it can only confirm limited transactions but preventing new people to buy or invest in Bitcoin will not solve the problem. Bitcoin is still not a perfect system and still needs a lot of improvement and needs to have a solution to its scaling issues. Instead of limiting people from using it (which is impossible to do since everyone can freely use Bitcoin) why not just focus on how to improve the network? lightning network will come out and lets see if it can solve this issue if it fails then schnorr signature will be the next option.
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March 20, 2018, 11:38:38 AM
 #33

Overpopulation is not a problem but rather it is a goal that bitcoin will be used by almost everyone in the future. The scaling problems will eventually be solved in the future and bitcoins supply will be enough for everyone. I think the main concern should be where can we use bitcoin in our day to day lives if everyone will be using it in the future.

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March 20, 2018, 03:10:12 PM
 #34

How bitcoin will prevent overpopulation?
I think that if Bitcoin is overloaded, then there will be measures of the system sent to users such as not being able to buy small quantities and not be able to invest in Bitcoin in short to avoid losses at system overloads. The system.

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March 22, 2018, 08:08:08 AM
 #35

How bitcoin will prevent overpopulation?
I think the population of bitcoin users can not be dammed on the basis of the benefits that can be derived from activity in bitcoin. This can be seen from the increase in the value of virtual currency, in addition there are currently many who have knowledge about blockhaind technology, especially millenial generation, and the increasing population of bitcoin users because the younger generation today many are interested in decentralized system.

 
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March 22, 2018, 08:21:37 AM
 #36

How bitcoin will prevent overpopulation?
Why do we need to prevent new people from entering the market? It is true that Bitcoin cannot handle huge volume of transactions in a day because it can only confirm limited transactions but preventing new people to buy or invest in Bitcoin will not solve the problem. Bitcoin is still not a perfect system and still needs a lot of improvement and needs to have a solution to its scaling issues. Instead of limiting people from using it (which is impossible to do since everyone can freely use Bitcoin) why not just focus on how to improve the network? lightning network will come out and lets see if it can solve this issue if it fails then schnorr signature will be the next option.
i highly agree with you, and to think that preventing the usage of bitcoin would be beneficial, i guess not, besides in order also to improve bitcoin, it really needs users, and it doesn't mean we will have to limit those who wants to use it, its not wise and its not a problem solver. and just to consider that it can freely be used by new users according to what you have said mate, so the best move should be improving the networks in order also to avoid traffic per transaction everyday.
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March 22, 2018, 04:19:07 PM
 #37

How bitcoin will prevent overpopulation?
certainly many ways, one of them by providing more stringent regulations such as merit system in this forum. but I think bitcoin will not do it, because ownership of bitcoin there is no limit. Is not this good? when everyone uses bitcoin. even as long as bitcoin is made until now, it still has to be developed again until everyone uses it.
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March 23, 2018, 01:40:45 PM
 #38

We need adaption and good implementation and limiting users is not helping bitcoins and any another cryptos to develop more.
Secondly, Bitcoin is a digital currency and it does not get overpopulated, it grows when many invests.
And if you are pertaining to the Forum itself being overpopulated then you should know that since last year, moderators and admins already implemented good ways not to limit but just to prevent over-polluting this forum.
1. Creating new accounts may have evil points.
2. Newbies are no longer allowed to join signature campaigns (sometimes Jr.s too). Newbies can not wear signatures.
3. The Copper membership allowing newbies to have less restrictions for their own business activities.
4. Merit system to freeze some accounts and lessen spam and shit posts.

This are just some of the ways I have noticed and there is nothing to worry about.
The new system is still going to give results of its effectiveness.
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March 23, 2018, 01:43:59 PM
 #39

How bitcoin will prevent overpopulation?
i think there is no prevent overpopulation because if bitcoin is still there it was no limit of people who wants to be part of it so i think bitcoin is consuming power by over population.

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March 23, 2018, 07:07:50 PM
 #40

How bitcoin will prevent overpopulation?
Not all people are agree with the idea about bitcoin now, many bad news about bitcoin thats spread. I am very sure it will not be happen. Also, for peo0le who already rich then they are actually don't have to invest in risky investment such as bitcoin.
I am impressed that you are pretty confident with your statement, you join the campaign but you are being pessimistic of Bitcoin’s growth, with the Bitcoin’s increasing popularity means it will increase its price, do you not HODL Bitcoin? lol
And also for rich people, they already have a lot of money because they are well established in economy. If they don’t succeed in Bitcoin, they will still be rich people. They understand already what is investment and its risks.
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