IMO there are more pertinent issues to deal with before we move on to mass adoption'ed issues such as this. The high cost of transactions, block mining times (are vendors and buyers really going to have the ptience to wait 10+ minutes for a transaction to go verify?) and of course the significant amount of hashing power in the hands of very few.
As for the decimalasation, I dont think its bound by any limitation.
Topic: Are Bitcoins really sustainable as a means of universal currency? (Read 164 times)
November 08, 2017, 05:06:46 AM
I'm kind of confused about how this will work in the long-term. Say hypothetically that Bitcoin is universally adopted as the monetary standard, the cap is at 21 Million Bitcoins. While that seems like an unfathomable amount of Satoshi's is that really a guarantee that this amount will be able to support the amount of users? For instance let's say there are currently 5.44 billion people who are fourteen and up in the world, meaning that there will need to be enough Satoshis to meet the demand. There are already individuals who own a large percentage of Bitcoins and Satoshis. Won't this just lead to a more extreme inequality of distribution of wealth than has existed previously? (I'm not a number cruncher, so this isn't my forte).
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