Topic: Can everyone in the world have bitcoin. - page 7. (Read 883 times)

Rather than answering the question about 'can', which has already been well answered, I will answer about 'will'. Not everyone will have bitcoin, which renders the hypothetical question meaningless, although if this hypothetical scenario were to occur, everyone could have some bitcoin.

Not everyone owns shares, houses or gold, so I don't see everyone owning bitcoin, and even less so if it is being acquired more as a store of value than as a medium of exchange. There will be enough bitcoin for everyone who wants to acquire it, and at a pinch it could be further subdivided, as has already been pointed out, so there is no problem.

Theoretically, it is possible for everyone to hold.

1 Btc = 100.00M sats

Total supply = 21 MillionsBTC

So total = 2,100,000,000,000, which is equivalent to 2.1 trillion sats.

Now divide it by the total population which is 8 Billion means 262,500.

So it leaves everyone to get 262,500 sats for them.

But as you said its not practically possible since most of the Bitcoins are already under the control of a small number of people. Well, its same for the all monetary system which is top 1% own 90% of assets of the world.

If you come from a Muslim country or from a Muslim family environment, maybe you will find people who think crypto is haram because their thinking is a little different from other people so they try to bring the concept of trust into crypto. Even though crypto itself has nothing to do with any belief, so anyone can use it and I think you are also starting to understand crypto because you don't think crypto is haram.

I don't think that's a very logical reason because over time crypto and Bitcoin users continue to increase in different parts of the world so you might also discover more about crypto and Bitcoin over time. You can also find out about this yourself through some very concrete news so that there is more mature enlightenment about crypto because parents who are not familiar with crypto and Bitcoin will not find it easier to believe because they also don't know how to use it.

Practically it's impossible to own Bitcoin by everyone because there are many barriers. If someone own few Satoshi it's still like owning Bitcoin. I don't think topic is useful and a matter of discussion but if would be better to discuss about maximizing Bitcoin adoption.
Why everyone can't have Bitcoin?

• Everyone in the world don't have internet connection and knowledge about internet and digital technologies.
• Even some of country don't have electricity in all area and it's a must to use Bitcoin also internet connection.
• Everyone will not be interested to use or to like Bitcoin and no one can force them.
  
• Even some will not like to have Bitcoin because of its higher transection fees and some dislike it because of its volatile nature but it's a properties of Bitcoin.
• It's still illigal in most of the countries and government discourage to use it. If they legalize it many people will be involved with it and mass adoption will increase but practically it's not possible to own it by everyone because it's just an imagination and illogical.

Maybe there's more to understand why we tell people about Bitcoin. The awareness isn't just about Bitcoin's presumed future price (and therefore as an investment). It's about Bitcoin as alternative money.

You don't need to own Bitcoin as a type of wealth vehicle to benefit.

Iranians can use Bitcoin to transact with the outside world (they don't have access to banking outside Iran). Argentinians can use Bitcoin to preserve their income (keeping it in local currency is suicide with today's hyperinflation. My own personal use case? I accept Bitcoin as payment for work -- ensuring I can receive payment when PayPal and other methods are restrictive, expensive, slow.

It is very possible that everyone has bitcoin with a limited amount of bitcoin supply because it can be broken into smaller parts, this is the advantage of Bitcoin. The amount is very limited, there are 21 million bitcoins in circulation, but that doesn't mean Bitcoin doesn't go to certain people who want to own it.
Even though rich people, popes and government officials store Bitcoin in large quantities, it will not stop the supply of Bitcoin in the market. There will always be supply and demand every minute, hour and day that anyone can own Bitcoin.

If we split 21 million bitcoins equally among everyone then of course anyone could own bitcoin in satoshi form but it would probably be insignificant. But in my opinion, many people will not have the opportunity to own bitcoin if they are late in this revolution. If in the future bitcoin is worth as high as 10 million dollars per bitcoin then owning it is impossible for many people, many people will not be able to get it. We are fortunate to be pioneers, so don't let that opportunity pass.

It's because those old people don't want to learn how to use a cellphone, they're not interested with cryptocurrency etc. Not all young people are owning Bitcoin though, even they have heard about Bitcoin in their own cellphone.

As for Bitcoin is haram or halal, it depend personal choice and belief.

If we're talking about personal problem, obviously not everyone will own Bitcoin especially for the country which has no internet connection.

Everyone can have bitcoin as you don't have to buy 1 BTC to have it. Satoshi Nakamoto designed Bitcoin with small unit, satoshi and you can buy small amount of satoshi but it still is bitcoin, just less than 1 BTC. The earlier you buy it, the bigger amount you can buy with same capital.

[Did you know?] Bitcoin Table of Units

The answer to this question is of course No because older people don't know how to buy and sell Bitcoin they don't know what is crypto so this is impossible, also some people think that crypto is haram but in real crypto is halal. that are 2 big reasons and some are too much poor so they cant buy BTC.

I think it's possible since you could own a small portion of BTC which means you're already owned a BTC. I'm not sure if it's called mBTC where it's something like 0.001 BTC. And to clarify something even if we have a 8.1 billion number of the population, there's still a lot of people who doesn't know or aware on BTC existence so for sure there would always be open a slot to anyone's wanting to own BTC. You don't need to think of the supply with the number of people especially if they doesn't have any idea about it. Even some other people who've heard about Bitcoin but they don't give a sht since they think it's a scam which is pretty normal, and even studying Bitcoin once they realized it's too complicated for them they would just give up on understanding on it. In short, there's a lot of people aren't owning BTC but of course they free to enter the market whenever they want since it's decentralized.

21 Million Bitcoin is 2,100,000,000,000,000 and current world population is 8,100,000,000, it's mean each person can own 259,259 Satoshi in order to be distributed to every people. Can someone who have a faucet account and claim 1 Satoshi can be said as owning Bitcoin? although it's not actually you have that Bitcoin because there's a minimum amount to withdraw and other thing.

Theoretically everyone in the world can have Bitcoin.

Don't forget that a good amount of Bitcoin has been lost. Still there is time for others to get their hand on some amount of Satoshi but I don't think that it would be sufficient enough for everyone in this world to have Bitcoin. Another important factor is that a major portion of the earth population can't afford a days meal. How can the afford to buy a few Satoshi? If you do donate them they would sell it for fiat to buy food. Things are not that easy in the world we live in and therefore such topics look irrelevant for discussion.

There will only ever be 21 million bitcoins in existence, it doesn't mean that everyone in the world cannot have bitcoin though. That's because bitcoin can be divided into smaller units. Each bitcoin is divisible up to eight decimal places & the smallest unit is called a satoshi which is equivalent to one hundred millionth of a bitcoin.

With this divisibility even if there are only 21 million bitcoins the total number of sats is extremely high allowing for widespread adoption and use. In theory everyone in the world can own and use bitcoin as the supply can be divided to accommodate the needs of users.

You can obviously buy fractions of a bitcoin so you don't necessarily need to own a whole bitcoin to participate in the bitcoin economy.

I know that the reason why we need to tell people about bitcoin is to spread the awareness of bitcoin,so that more people will adopt bitcoin so that it can be recognised and use by everyone just the way fiat is used. This will make bitcoin value to increase due to its volatile nature and the price is been controlled by demand and supply. Bitcoin is limited in number as we all know that we only have 21million bitcoin.

I have been wondering as a newbie with little knowledge on bitcoin that how is it possible for everyone in the world to own some fraction of bitcoin with the limited number just like the way everyone is using fiat.  Is it that these 21million bitcoin will be enought to serve the world with a total population of 8.1 billion because I know that we have whales who will buy a huge amount of bitcoin and just store it in their wallet without using it,just the way the rich men and politicians keep so much funds in their account or at home without spending it. I also notice that one country can't print the currency that the whole world is using but various countries printed their own currency. Another thing that I noticed so many investors prefer to holdli their bitcoin which might make it not sufficient for everyone.

My question is that is it possible for everyone to have bitcoin with the number of limited supply of bitcoin ?