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Author Topic: How to distribute 21 million Bitcoins for a population of 7.8 billion?  (Read 400 times)
ipanks
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July 08, 2021, 01:40:24 PM
 #41

I doubt if the world population will be interested in bitcoin as they still use traditional ways to invest or make money, especially for a country that does not have a better internet infrastructure. But if that is about the future, we do not know because maybe they can have bitcoin because of legacy from their parents, grandma or grandpa. But one thing for sure, people who have a lot of bitcoin will give some of their bitcoin to their children and grandchildren. If so, they can do many things with their bitcoin but I am not sure if they will use bitcoin for normal transaction payments as they will have many options that they can use to pay.



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caryoscar
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July 09, 2021, 08:10:08 AM
 #42

~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.

In fact, I very much hope that people all over the world will use Bitcoin for transactions. Some countries may not even have the Internet. Human nature and social ideology determine that the world may not move towards the same, it is just a good wish. Let time witness history
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July 21, 2021, 10:15:25 AM
 #43

Getting a bitcoin is a reward for hours of hard work of solving algorithms with expensive hardware and not many can achieve that feat. Many miners have shut their business because it costs a lot. Moreover the limited supply is what drives its price up.
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