How to distribute 21 million Bitcoins for a population of 7.8 billion?

[taufik123]

Not everyone will get BTC. And it's fine. People have to work to earn it.
And people are able to use altcoins, let's not forget about that.

Maybe what Op meant was just an example of what if 21 million Bitcoins were distributed to billions of people and got their share. Such mass distribution would probably use the Lightning Network for faster transactions.

The circulating supply of successfully mined bitcoins is currently 18,750,268 BTC and it continues. To get bitcoin today is not easy and is no longer free. Bitcoins can be mined using Mining Rig Tools that are specifically for mining bitcoins and can also be purchased on exchanges that provide Bitcoin and many other altcoins. The choice is not only on bitcoin and other altcoins such as stablecoins, other altcoins such as ETH and others still dominate.

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[nhaila]

Not everyone will get BTC. And it's fine. People have to work to earn it.
And people are able to use altcoins, let's not forget about that.

Only who knows about Bitcoin and it's significance , he can get Bitcoin and gets profits in the future. But others rest people who don't know anything about Bitcoin, they cannot get Bitcoin anymore.

[dkbit98]

World population is slowly growing each year so you can't calculate exact amount and it will probably be much higher in year 2140 unless some catastrophe or (un)planned event happens.
Millions of bitcoins are now lost so even less could be distributed, but this will probably be done with other Bitcoin units like mBTC or Sats that can be distributed very easy, especially using Lightning Network or something better.

1 Bitcoin is equal 100 bitcent
1 Bitcoin is equal 1000 mBTC
1 Bitcoin is equal 100,000,000 Sats

[Hamphser]

   
    The world population is about 7.8 billion, and the current number of bitcoins is about 17 million. If you don’t consider investment institutions holdings, the per capita is about 0.0021794 BTC. But in 2140, bitcoin mining will end, and the world’s population is estimated to reach 14 billion. I want to know what kind of distribution of Bitcoin will appear at that time? Will people use Bitcoin for normal transaction payments? I think there is no right or wrong view, but I believe that there will be other digital currencies to assist Bitcoin. Where will Bitcoin go?

Its not something that can just be distributed.Of course you would really be needing to invest or do lots of ways for you to accumulate and if you done nothing then dont expect for an individual to get bitcoin as simple as that.

This is just like on accumulating or getting some money out of our day job and same principle here on bitcoin.If you are really that concern about the supply and on what would happen in 2140
then this is something that can be answered by anyone.

We can make presumptions but we dont actually know on what would happen ahead.

[The Cryptovator]

To be honest, a problem is already solved by a decimal. Since there is 8 decimal and if you know how decimals work then should lock the topic. Most probably sat (satoshi) will be the most popular word after 2140 if Bitcoin exists till then. On the other hand, people always compare Bitcoin with Gold. So tell me how many percent of people in the world bought Gold? Do you think all people could buy? I don't think so. Simply all people don't need to buy or they can't afford to buy. This will happen with Bitcoin too. Now lock your thread from the lower left to prevent spam.

[adzino]

   
    The world population is about 7.8 billion, and the current number of bitcoins is about 17 million. If you don’t consider investment institutions holdings, the per capita is about 0.0021794 BTC. But in 2140, bitcoin mining will end, and the world’s population is estimated to reach 14 billion. I want to know what kind of distribution of Bitcoin will appear at that time? Will people use Bitcoin for normal transaction payments? I think there is no right or wrong view, but I believe that there will be other digital currencies to assist Bitcoin. Where will Bitcoin go?

You make it sound like everyone needs to have bitcoin. This is not how it works. It's like saying how will you distribute all fiat money among 7.8 billion people. You don't. If you are wondering how will everyone use bitcoin when it becomes mainstream because of limited number of coins, then probably we will find out a way. Maybe a unit smaller than satoshi?

[Shenzou]

   
    The world population is about 7.8 billion, and the current number of bitcoins is about 17 million. If you don’t consider investment institutions holdings, the per capita is about 0.0021794 BTC. But in 2140, bitcoin mining will end, and the world’s population is estimated to reach 14 billion. I want to know what kind of distribution of Bitcoin will appear at that time? Will people use Bitcoin for normal transaction payments? I think there is no right or wrong view, but I believe that there will be other digital currencies to assist Bitcoin. Where will Bitcoin go?

I highly doubt that the mining will stay at the same rate as it is right now, probably a couple of years from now they would make it a lot harder to mine bitcoin, therefore the price would get high, and assuming that we reach the point where no bitcoin can be mined, the more people hold the higher the price it gets, and that means that the price is going to be less volatile and maybe we will see it becoming a days to day payment system,  that we can actually use for small transactions.

[Coin-Keeper]

A significant factor that has not been discussed in this thread is LOST/FROZEN coins.  While we can't know for sure it is almost certain 10-15% of coins are forever frozen in the blockchain.  This is pretty well established as "main line" thinking.  15% of 21 million coins (when we get there) would mean  3,150,000 coins are basically lost forever.  Its math - those can never be used.  It wouldn't surprise me if the number was closer to 20%, but its a feeling I have with no way to support it.  As a percentage of global population, I think a full BTC hodler is going to be somewhat rare.

[hatshepsut93]

I think there is no right or wrong view, but I believe that there will be other digital currencies to assist Bitcoin. Where will Bitcoin go?

Why would we need other currencies to assist Bitcoin? There's enough units to cover all our needs, Lightning Network allows splitting satoshis even further, and if needed, a hard fork could be introduced to allot further subdivisions of satoshis on chain.

When someone has to distribute something, it always means centralization. Bitcoin gets distributed naturally by the free market. Almost everyone has an equal chance to get their hands on Bitcoin, because everyone can register on exchange and buy some coins, except for people from sanctioned countries. But even they can do p2p trading.

[pixie85]

Not everyone has to won and use bitcoin just like not all people in the world use USD. I've never had USD in my hand because there was no need to. It's not an accepted currency in my country.

If you don't need a decentralized payment system and are fine with having your money in a centralized bank it's all good. There's going to be many similar people who will never use bitcoin.

Also there's this thing that at this point there's maybe 15 million bitcoins in circulation not counting lost coins and there's much more than 15 million users so the distribution has already happened. You don't need to waste time thinking about how it would happen because it's happening every day without our help.

[KevinRosa]

   
    The world population is about 7.8 billion, and the current number of bitcoins is about 17 million. If you don’t consider investment institutions holdings, the per capita is about 0.0021794 BTC. But in 2140, bitcoin mining will end, and the world’s population is estimated to reach 14 billion. I want to know what kind of distribution of Bitcoin will appear at that time? Will people use Bitcoin for normal transaction payments? I think there is no right or wrong view, but I believe that there will be other digital currencies to assist Bitcoin. Where will Bitcoin go?

Your topic was impressive. It had good analysis knowledge. But the mining is happening every day, so it mean the bitcoin capacity is keep increasing everyday. When the traders is keep on increasing, we can able to see some rise bitcoin also. It's reason for not huge rise in the price of bitcoin.

After Bitcoin is mined，Bitcoin miners will still be able to participate in the process of discovering blocks, but will not receive block rewards. But they can also get all the fees spent on transactions including in each newly discovered block.
For Bitcoin holders, the severability of Bitcoin will allow transactions to proceed normally, but at that time 1BTC will be a huge value of wealth, and the transaction speed will become very fast because of the Lightning Network. Don't need us to worry about it.
For whales and investment institutions, Bitcoin will be a good safe-haven asset, but Bitcoin is no longer their harvesting tool. Because at that time Bitcoin did not have the high volatility it is now. People's speculative psychology tends to be balanced and will not become crazy because of celebrity effects.
For countries, some countries may still be prohibited from using it due to different policies, or many countries have already used Bitcoin as legal currency, perhaps like gold, which is stored in a certain global alliance in the future. , As the anchor of the legal currency. Perhaps at that time, the world is unified, people can also have basic living security without labor. There is only one currency in the world-Bitcoin, because machine civilization or robots will do more for humans.

[uneng]

I think there is no right or wrong view, but I believe that there will be other digital currencies to assist Bitcoin. Where will Bitcoin go?

Why would we need other currencies to assist Bitcoin? There's enough units to cover all our needs, Lightning Network allows splitting satoshis even further, and if needed, a hard fork could be introduced to allot further subdivisions of satoshis on chain.

Wouldn't this infinite splitting possibility become similar to printing money like we see in fiat system? To create new decimal houses in bitcoin looks dangerous in my opinion, because it may devaluate the currency since its supply won't be limited or rare anymore. I don't know if it would work on practice. It really looks a new way to print money, but instead of growing it to the left (ascending order), it will grow to the right (descending order), although the result in the end might be the same...

[rodskee]

   
    The world population is about 7.8 billion, and the current number of bitcoins is about 17 million. If you don’t consider investment institutions holdings, the per capita is about 0.0021794 BTC. But in 2140, bitcoin mining will end, and the world’s population is estimated to reach 14 billion. I want to know what kind of distribution of Bitcoin will appear at that time? Will people use Bitcoin for normal transaction payments? I think there is no right or wrong view, but I believe that there will be other digital currencies to assist Bitcoin. Where will Bitcoin go?

That's why Bitcoin composed per Satoshi , meaning by the time comes that Adoption totally comes and the world is like El Salvador that accepts bitcoin as their Legal tender for sure even if you have 1000 Satoshi it is worth having.

and also the value will increase that the accumulation per person is worth a hold.

[Obito]

It's impossible in practice but in theory, the distribution is going to continue forever because a child is born everyday meaning that if we take the distribution of bitcoin for each person literally, it won't end and the people who will receive their bitcoin will have their bitcoin received reduced each second because the population is continuously increasing. Plus there's lost coins and the 1 million that Satoshi owns which makes the amount given to a person much smaller.

[newwest]

It's impossible in practice but in theory, the distribution is going to continue forever because a child is born everyday meaning that if we take the distribution of bitcoin for each person literally, it won't end and the people who will receive their bitcoin will have their bitcoin received reduced each second because the population is continuously increasing. Plus there's lost coins and the 1 million that Satoshi owns which makes the amount given to a person much smaller.

One thing is that only certain percentage of world population uses bitcoin at present time and even in future it will increase but might not even exceed 30-40% of world population. So that number drastically falls from 7.8 billion. Also we do have satoshi and it is upto eight fractions available so in quantity it becomes more, as well it is demand and supply game. There will be always a seller available who want to sell only thing if demand is much higher than selling then price will keep rising.

[davis196]

   
    The world population is about 7.8 billion, and the current number of bitcoins is about 17 million. If you don’t consider investment institutions holdings, the per capita is about 0.0021794 BTC. But in 2140, bitcoin mining will end, and the world’s population is estimated to reach 14 billion. I want to know what kind of distribution of Bitcoin will appear at that time? Will people use Bitcoin for normal transaction payments? I think there is no right or wrong view, but I believe that there will be other digital currencies to assist Bitcoin. Where will Bitcoin go?

We can't be sure about the global population in 2140.It might be 14 billion,but it might go below 7 billion.
Elon Musk was talking about a possible decrease of the global population in the next few decades.
Other digital currencies won't assist Bitcoin.They will compete against Bitcoin for a bigger market share.
Bitcoin was not meant to be equally distributed among all the people in the world.Why do crypto newbies keep asking that question? 

[Kakmakr]

I am not too worried about the 17 to 18 million bitcoins that are left, because each Bitcoin has divisibility to 100 000 000 Satoshi .. which is more than enough for the 8 or 9 Billion people that there are on this earth.

We also have to remember that not every person on this planet will use Bitcoin or own it, because reserve currencies will still exist and there will be "Govcoins" that will be launched by governments and also loads of Private coins. (Alt coins)

Let's not create problems that are not really problems. 

[Kong Hey Pakboy]

We're working on theory here so I would probably go over the top on how I will be able to distribute all the bitcoins to everyone. First I would probably give them a paper wallet or a tattoo that they can use to access their bitcoin, the next thing would be to send bulks of bitcoin per country and then have each government distribute it to their citizens in a margin error that's equal to about 5 people per bitcoin.

[Obito]

~snip

One thing is that only certain percentage of world population uses bitcoin at present time and even in future it will increase but might not even exceed 30-40% of world population. So that number drastically falls from 7.8 billion. Also we do have satoshi and it is upto eight fractions available so in quantity it becomes more, as well it is demand and supply game. There will be always a seller available who want to sell only thing if demand is much higher than selling then price will keep rising.

The distribution won't still end though because babies are born everyday and they will be counted as part of the population meaning that they will also be part of the distribution which as I have said in my last post, that the distribution will be endless unless some extinction event or catastrophe happens and wipes out half of the population.

[w-smallteenager]

The first  section is Staking
He can double interest, the user can get BTC and AOM at the same time.
The second  section is the guarantor node
Guarantor node, with the corresponding mortgage assets custody BTC, can get the custody fee, as well as the mortgage assets income.
The third section is Lending
Users can choose deposit business and loan business, such as deposit one kind of high quality asset can earn interest, need other assets can directly lend other assets.