The impact of bitcoin on world population, what happens when the population rate

[dark1234]

every increase in a population will have an impact on economic inequality in every line of life and perhaps the appropriate question is how the positive and negative impact of population on the development of bitcoin and life to come...?
Because the most vulnerable, until now the problem for bitcoin is not the transaction problem, but the mining problem - which is not environmentally friendly - which is the benchmark for a transaction to be successful and verified. with the increase in bitcoin users resulting in the number of transactions thus the miners will require higher energy spent on Bitcoin transactions

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[Esther C]

Brief Background

Bitcoin is a digital currency, which means that it is backed by no central bank or government. Bitcoins are created through a process called mining, in which computers solve complex equations to verify transactions. The first miner to solve the equation successfully gets rewarded with 25 6.25 bitcoins.

The difficulty of solving the equations increases over time, so it takes more time for each computer to find solutions and verify transactions. As more people join the Bitcoin network, it becomes harder for each computer to be successful at finding solutions and verifying transactions. This causes the average time it takes to solve an equation to increase from 25 seconds in 2009 (when the first Bitcoin was created) to 10 minutes today.

The impact of bitcoin on world population, what happens when the population rate increase?

https://i.imgur.com/oLCEUuo.jpg

The rate of increase in the world's population is a topic of great concern. The United Nations has forecast that there will be 9 billion people on Earth by 2050, and some experts believe that the rate of increase could be even higher than that.

If the world population increases, it will have a significant impact on bitcoin. The more people there are, the more money is going to be spent on things like food, water and electricity. This will lead to increased demand for bitcoin as a currency.

The reason for this is that when there are more people in the world, there will be more transactions taking place. This means that there will be more money being spent on goods and services than there was before.

Bitcoin is great because it allows people to make transactions without having to rely on banks or governments. When you use bitcoin instead of traditional currencies like the dollar or pound sterling, you can send money anywhere in the world instantly and cheaply without needing an expensive bank account or visa card.

cited1

Hmmm interesting. I learned something new today. I never thought of it this way. But I believe as the world’s population increases so would advancements be made, specifically technological advancements. So things would most likely improve for the better by then.

[n0ne]

every increase in a population will have an impact on economic inequality in every line of life and perhaps the appropriate question is how the positive and negative impact of population on the development of bitcoin and life to come...?
Because the most vulnerable, until now the problem for bitcoin is not the transaction problem, but the mining problem - which is not environmentally friendly - which is the benchmark for a transaction to be successful and verified. with the increase in bitcoin users resulting in the number of transactions thus the miners will require higher energy spent on Bitcoin transactions

It is true, bitcoin mining is much into discussion mentioning it against the green energy. Slowly things will change when the large scale miners move towards renewable energy for the mining needs. In reality the emission out of bitcoin mining is far low compared to the emission and energy consumption from paper industry which is at the top.

[DapanasFruit]

Assuming that in 2050 the world population can be as high as 9 billion, it does not mean that there will also be a corresponding demand for Bitcoin as we don't know if more and more business and people will really be using and accepting Bitcoin at that time. As much as we are dreaming for a massive adoption of Bitcoin, personally am not really seeing that happening as we can see that it seems the excitement and novelty of Bitcoin is slowly fading (just my opinion!) as most people really don't care the idea, philosophy or even the ideology behind any crypto - most people only care what they can get out of something in terms of monetary value. Now, if this trend will continue Bitcoin will be attacked being a PoW and it does not matter if the basis of the attack can be flawed or not...as this will surely be affecting the impact of Bitcoin.

[Jatiluhung]

when talking about the growth of bitcoin adoption in the future, of course the answer will be more and more. now in the millennial generation alone bitcoin adoption continues to increase. and it is estimated that in generation Z there will be more bitcoin adoption. especially if we talk about 2050. But the problem is that maybe in 2050 there will be a new generation in payment systems and currencies. be it fiat currency or digital currency such as bitcoin and cryptocurrency. but if bitcoin remains unreplaceable until 2050. then I think the current price of bitcoin in 2020 will be considered cheap by the 2050 generation. I will call the 2050 generation the cosmos generation, the generation of universe explorers.

[budi691]

when the human population on this earth increases, the main problem is shelter and basic food,
and Bitcoin may not be the main problem in human life, but maybe the adoption of Bitcoin will continue to increase, it must be because it is getting easier to use Bitcoin to make transactions, because we cannot avoid technological advances will change a lot of people to use digital money, especially Bitcoin

[landheer]

Yes, indeed, the world population is increasing, but in my opinion, the most popular medium of exchange is money. In my opinion, bitcoin is only suitable for investment, but in my opinion, those who invest in bitcoin in the future will definitely increase so that bitcoin has the opportunity good for the future. so in my opinion in the future there will be no change in the medium of exchange, so it's still like now. the difference is that in the future bitcoin will become a valuable and rare item, and also the price will definitely be higher.

[kamvreto]

when the human population on this earth increases, the main problem is shelter and basic food,
and Bitcoin may not be the main problem in human life, but maybe the adoption of Bitcoin will continue to increase, it must be because it is getting easier to use Bitcoin to make transactions, because we cannot avoid technological advances will change a lot of people to use digital money, especially Bitcoin

shelter and basic food are common problems. The human population will also not continue to increase, every increase there will certainly be a decrease, some are born and some die.
If it is associated with bitcoin which only has a supply of 21 million and cannot be added, of course this supply of 21 million will become very rare when the human population increases. moreover maybe in the future bitcoin adoption will get better and more people will use bitcoin. Bitcoin will be out of mined in 2140 and this is certainly a very long time. But if people in the future use bitcoin widely, bitcoin will become a rare digital currency and of course the price will be very expensive.

[so98nn]

Future is unpredictable. While we are considering hypothetical case here we must consider the alarming factors that will follow the increased population. With every person breathing air on the earth, we are unfortunately cutting down lot of trees, oceans are getting flooded with non degradable wastage, ultimately affecting the sea life and thus breaking down the cycle of prospering nature.

9 billion peeps! It’s already hot in here while we produce energy for current number of population. Just imagine what would happen by the time we reach this population?

Bitcoin would be just another asset like gold, silver and valuable coin based on its energy consumption and demand. It could be possible that energy costs become so high by 2050, miners may not achieve that much profitability to set up huge farming facilities.

Could be hundreds of reasons that will finish it up. However, one thing is sure; increased population does not seem to be productive factor for earth, it’s more or less destructive to it.

[Jatiluhung]

Future is unpredictable. While we are considering hypothetical case here we must consider the alarming factors that will follow the increased population. With every person breathing air on the earth, we are unfortunately cutting down lot of trees, oceans are getting flooded with non degradable wastage, ultimately affecting the sea life and thus breaking down the cycle of prospering nature.

9 billion peeps! It’s already hot in here while we produce energy for current number of population. Just imagine what would happen by the time we reach this population?

Bitcoin would be just another asset like gold, silver and valuable coin based on its energy consumption and demand. It could be possible that energy costs become so high by 2050, miners may not achieve that much profitability to set up huge farming facilities.

Could be hundreds of reasons that will finish it up. However, one thing is sure; increased population does not seem to be productive factor for earth, it’s more or less destructive to it.

Your words really caught my attention. and it makes sense. so I feel agree with this. i.e. Bitcoin will just be an ordinary asset like gold and the like. but the difference is that bitcoin is more likely to experience a lot of adoption in the field of payment or payment instruments. because maybe in the future paper money is used less and less and transactions via the internet will be more widely used. so that the ease of transactions with bitcoin could be excellent in the future. but gold will only remain a savings or investment asset only. and only a few who make gold as a means of payment or a medium of exchange. because gold will remain a valuable asset in the realm of the real world. but on the internet it will not be as popular as bitcoin.

but if you look at the current natural conditions. so we really have to look more broadly about this. because the population continues to grow. dwindling greenery. reserves of energy sources from fossils (mining) are decreasing. then we really can't predict what will happen in the year around 2050.

[CryptSafe]

Rise in population has nothing to do with Bitcoin. What we can say is that the rise in population according to world statistics would be of good benefits because if one single individual holds Bitcoin, it would definitely create more value to Bitcoin there by pushing for more demand as the it is limited in supply.

[|MINER|]

I think it is already confirmed that we are gonna be see the next economic system will be used by crypto currency already many countries adopt bitcoin  and this will increase by as the days goo on. So I think there will be main impact for the population and the limited supply of bitcoin will be only the price of bitcoin will goo to skyrocket. And because there is limited supply, it will create a problem, but because of its limited supply, even if the supply falls short, its price will also increase, and other alt coins are there for help.

[Doan9269]

until now the problem for bitcoin is not the transaction problem, but the mining problem - which is not environmentally friendly

You're wrong, bitcoin mining is environmentally friendly and no dispute about that, can you make it mining compare the natural resources such as crude oil and gold mining thesame with bitcoin? Moreso, the energy required for bitcoin mining has nothing to stand with the global energy waste due to inefficiency, if you have a doubt about that, i indulge you to read this thread althrough Debunking the "Bitcoin is an environmental disaster" argument and in more cases now, bitcoin uses part of these waste energies is performing it mining activities and also expanding the use of renewable energy for it mining.

[dark1234]

until now the problem for bitcoin is not the transaction problem, but the mining problem - which is not environmentally friendly

You're wrong, bitcoin mining is environmentally friendly and no dispute about that, can you make it mining compare the natural resources such as crude oil and gold mining thesame with bitcoin? Moreso, the energy required for bitcoin mining has nothing to stand with the global energy waste due to inefficiency, if you have a doubt about that, i indulge you to read this thread althrough Debunking the "Bitcoin is an environmental disaster" argument and in more cases now, bitcoin uses part of these waste energies is performing it mining activities and also expanding the use of renewable energy for it mining.

I've been following a few months ago, and i say;therefore don't use it as an excuse but make it your homework together to find the best solution without stopping the development of more efficient transaction technology...

Debunking the "Bitcoin is an environmental disaster" argument and in more cases now, bitcoin uses part of these waste energies is performing it mining activities and also expanding the use of renewable energy for it mining.

I understand what you mean, but we must not turn a blind eye to some of the reasons many countries prohibit mining, it is mostly due to the problems of individual miners not industrial level because the mining industry has switched to green, environmentally friendly energy. and if the bitcoin community population increases, of course the transaction opportunities are high and followed by crypto miners who also grow, so that will be a negative value in the development of bitcoin

  the mining problem- which is not environmentally friendly

what if left it will be one of the issues that will always be raised by the commanding authorities who in fact rate negatively on bitcoin

[8rch7]

The growth of bitcoin adoption is faster, it's only been running for a decade but bitcoin is already known all over the world, even bitcoin is now very popular, so it can be confirmed that if the world population continues to grow then automatically, people's demand will continue to increase and investment will also increase. increasing, because bitcoin provides convenience to all investors, according to predictions btc will reach 1 billion users by 2025, so the world's population is increasing, then bitcoin is automatically getting more and more interested, so take advantage of every opportunity from now on, try to set aside a little money you to buy bitcoin from now on, so that we can benefit in the future.

[bestcoins1]

Rise in population has nothing to do with Bitcoin. What we can say is that the rise in population according to world statistics would be of good benefits because if one single individual holds Bitcoin, it would definitely create more value to Bitcoin there by pushing for more demand as the it is limited in supply.

What about now where many individuals are holding Bitcoin? The increase in the human population in this world may not have an effect on Bitcoin, but when more and more people want to own Bitcoin, it will directly affect the price of Bitcoin itself because the demand will obviously be very high.

So this not only affects one hand holding Bitcoin, but it would also be better if more people were holding it. Since they are able to value Bitcoin more than some other asset that also has value, I don't think they will sell Bitcoin at such a low price.

[GigaBit]

The world's population is increasing, but in some countries it is declining. For example, in countries like Japan, about 18 percent of people are now reluctant to get married and its rate is gradually increasing now. In some countries population increasing rapidly. But I would never look down on population growth especially in Bitcoin. Because I believe the demand for Bitcoin will increase when the population increases and it is not possible to predict at this moment what level it may reach in 2050.

[redsun114]

Rise in population has nothing to do with Bitcoin.

Could you explain why? Its because both of them are different? Or we can also say that there are newborn people today but they are too young to know if what is btc but what about if they grow old? and those people will try to participate in btc. Therefore we can also say that the increase in population has an impact on btc. It can make the price rise or fall depending on what the actions that the people are doing.

What we can say is that the rise in population according to world statistics would be of good benefits because if one single individual holds Bitcoin, it would definitely create more value to Bitcoin there by pushing for more demand as the it is limited in supply.

So you are now convinced that it really do have an effect? But, the amount of btc that one must hold will vary because what if they only hold a couple of sats? I don't think that will cause much of an impact but if each of them hodl at least 0.01 btc or higher then that will be a big thing already. A rise in price can indeed cause an attraction other than when we are in a bear.

[Jatiluhung]

The world's population is increasing, but in some countries it is declining. For example, in countries like Japan, about 18 percent of people are now reluctant to get married and its rate is gradually increasing now. In some countries population increasing rapidly. But I would never look down on population growth especially in Bitcoin. Because I believe the demand for Bitcoin will increase when the population increases and it is not possible to predict at this moment what level it may reach in 2050.

You are right. in some countries the human population level has decreased slightly. or no significant increase. but in Muslim countries the population increase is rapid.
and the fact is that in Muslim countries the adoption rate of bitcoin users is also increasing as in Arab countries. and in Indonesia, which has a high population level and a Muslim majority there, the adoption of crypto and bitcoin continues to increase rapidly. so it's likely the impact on bitcoin itself will be very positive in the future.

[mindrust]

All I know is, we can’t double up our population once more. Something will happen and lots of people will have to die. I don’t know what it is going to be but it has to happen.

 There was a lab research on rats which I watched long time ago.

They put 1 female and 1 male rat in a big box. Gave them lots of food, water, lots of little boxes which they can use as shelter etc… For a while these rats multiplied, ate and drank happily. But after a while the box became full of rats and there wasn’t enough food, water and shelter for every individual anymore.

Then something has happened. They started to get mad. They were fighting and killing each other. One day, all of them were fucking dead.

Moral of the story: We should beg Bill Gates to kill us :/