There is problem described there what if coins will get out of circuit (lost or saved for long by people), and bitcoin will adopt global for everyone like dollars today?
To deal with this I have get some example data:
Current dollars in circuit now: 1 to couple of T (trillions) (1
Maximum smallest units of bitcoin: 2,100,000,000,000,000( I believe that I don't have to give source here
(21MBTC plus 8 digits after 0)
So if even we will count all currency possible it is worth sth in maximum scale in hundreds of T$ lets say approximately there is 1P$ (10^15 of all currencies)
So even if bitcoin will replace all currencies with only 21MBTC it will give ~2BTC for 1$ look like sth that was calculated well by Satoshi but what about with:
1) cents (if 1$ would be 0.00000001 it would be not small enough to buy can of cola, for both)
2) global birthrate (we will need more and more coins)
3) most dangerous effect of BTC lost if 3% (do you think it is to much?) of bitcoin will be lost we will run out of bitcoin sth between 2030 and 2035
Am I right?
For me printing more bitcoins is stupid idea, but can't we simply change protocol to have values with moving dot, is it technically possible and at all good idea? Maybe someone have started somewhere thread about moving point but as long as I'm locked in newbies I wanted to write it here.
In the and sorry for my bad spelling or sth, just rough data and calculations for estimation.