How many satoshis are there per person in the world?

Assface16678

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Quote from: AmoreJaz on March 11, 2024, 07:28:01 AM

Quote from: Bitstar_coin on March 09, 2024, 10:23:44 AM

Perhaps if the interest of everyone in the world was aligned then it could have been possible for everyone to own btc but that is not something that will be possible.
Despite how popular btc is, so many people still not interested in it. There will always be those who don't share the same interest as the btc enthusiasts.
Mass adoption is a gradual thing, most people and businesses already warming up with the idea of using btc unlike years back. I think satoshi dream about btc is half fulfilled.

The numbers for me is actually not useful because, the truth is, up until now, the population who are into crypto is still small. And such figures are all theoretical because as mentioned, not all people are interested on this market. They are just happy and contented dealing with traditional payment method and just go on with their lives using traditional banking system. A lot are still seeing not joining this market for any reason at all.

Well truen, we can't be sure how many people are into bitcoin and even how much bitcoin they have. We can't predict or know that because not all people in cyrpto currency or bitcoin will show themselves and let others know how much of an asset they have, but I'm pretty sure there are a lot of what we called "whales." This person or even company is one of the biggest holders and investors of bitcoin, so they have the power to manipulate the market by engaging in the market, so we can't determine how many people or population owns a bitcoin. But we should appreciate the fact that there are investors and believers in bitcoin, meaning bitcoin will never ever reach its current state without the mindsets of its investors. If we really aim for income or profit, then right now the bitcoin price will drop as many investors will sell, but no, because we believe in bitcoin, we know it can reach a greater height.

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Quote from: ImThour on March 09, 2024, 08:01:27 AM

These calculations are useless and I personally don't like to equate this way as referred in the post or the website. It's imaginary stuff rather than facts as what if someone is HODLing more than the amount mentioned in the website? Satoshi per person in the world could not real-time relate with the population around thje world. Also, many countries have banned Bitcoin. Are you excluding them from the list?

This might not have any use for now but later on, we could use this data for personal research or to use it for explanations if you are one of those people who teach others about bitcoins voluntarily. This is only a scenario if ever the whole world will accept bitcoins and wants them for every single one of them and we all know someday, fiat will no longer be the money to use in the future just like gold and silver and it won't have any value anymore unlike those two that are still have value until today. If the country collapses due to international conflict which will lead to others getting conquered, then their money will also be lost and people there will have no choice but to convert it into bitcoins.

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Quote from: Bitstar_coin on March 09, 2024, 10:23:44 AM

Perhaps if the interest of everyone in the world was aligned then it could have been possible for everyone to own btc but that is not something that will be possible.
Despite how popular btc is, so many people still not interested in it. There will always be those who don't share the same interest as the btc enthusiasts.
Mass adoption is a gradual thing, most people and businesses already warming up with the idea of using btc unlike years back. I think satoshi dream about btc is half fulfilled.

The numbers for me is actually not useful because, the truth is, up until now, the population who are into crypto is still small. And such figures are all theoretical because as mentioned, not all people are interested on this market. They are just happy and contented dealing with traditional payment method and just go on with their lives using traditional banking system. A lot are still seeing not joining this market for any reason at all.

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Quote from: uneng on March 09, 2024, 11:26:50 AM

Even if everyone in the world were interested in acquiring a portion of Bitcoin, they wouldn't be able to have that sum of satoshis, anyway, since large portions of BTC are already heavily concentrated in few whales' hands who own hundreds of thousands of BTC. These people will always be the main benefited ones by increasements in Bitcoin's price, while for the vast majority of the world Bitcoin will have zero impact over their lives, at least directly, although indirectly they can still be benefited when hired and paid by Bitcoin adopters for supplying goods and services, thanks to the BTC profit they have been making along the years

It is an calculation with temporary data and it's all about that.

Why is Bitcoin’s supply limit set to 21 million?
How is the 21 million Bitcoin cap defined and enforced?

The above article has information explains why Satoshi Nakamoto set BTC total supply at 21 millions.

Quote

According to an email purportedly shared between Nakamoto and Bitcoin Core contributor Mike Hearn, Satoshi reasoned that if 21 million coins were to be used by some fraction of the world economy, 0.001 BTC (1 mBTC) could be worth around €1. This prediction came true back in 2013, when Bitcoin first broke through the €1,000 price point; today, each mBTC is currently worth closer to €8.25.

The email of Satoshi Nakamoto reply to Mike Hearn.

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Quote from: BlackBoss_ on March 08, 2024, 08:47:30 AM

At top of the site, you can click on Convert to Bitcoin and get
0.002345660014 bitcoins per person.

Even if everyone in the world were interested in acquiring a portion of Bitcoin, they wouldn't be able to have that sum of satoshis, anyway, since large portions of BTC are already heavily concentrated in few whales' hands who own hundreds of thousands of BTC. These people will always be the main benefited ones by increasements in Bitcoin's price, while for the vast majority of the world Bitcoin will have zero impact over their lives, at least directly, although indirectly they can still be benefited when hired and paid by Bitcoin adopters for supplying goods and services, thanks to the BTC profit they have been making along the years.

Some people have the wrong perception Bitcoin is going to bring financial equality to this world, and everyone will be richer. The truth is that only the ones who were awake to understand the potential of Bitcoin on the early years have been able to thrive financially, while everyone else is still struggling to survive in the current traditional financial systems where they are inserted.

Bitstar_coin

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Perhaps if the interest of everyone in the world was aligned then it could have been possible for everyone to own btc but that is not something that will be possible.
Despite how popular btc is, so many people still not interested in it. There will always be those who don't share the same interest as the btc enthusiasts.
Mass adoption is a gradual thing, most people and businesses already warming up with the idea of using btc unlike years back. I think satoshi dream about btc is half fulfilled.

Plaguedeath

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Quote from: kryptqnick on March 09, 2024, 09:27:38 AM

Something's very wrong with the website the op shared (or at least it's wrong when I open it). The op mentioned that 234,566 is worth around $ 158.50, so when I opened the website and saw 234,541 as the equivalent of $64.47, I was really surprised. That's when I noticed that the website says that Bitcoin price is $ 27,486.17, when it's actually almost $68.5k right now. So the idea is interesting (although more filters and info would be nice), but Bitcoin price is so off that it's misrepresenting reality too much. It needs a dynamic Bitcoin price (like the dynamic population data and share of sats data) to work properly.

Same here, it looks like he create the project when Bitcoin price was at there because there's no movement as we know Bitcoin price is always changed for every second. The developer need to use API to make the Bitcoin price update with the current rate.

Quote from: Troytech on March 09, 2024, 09:45:53 AM

To be sincer I really want bitcoin to gain more mass adoption but, but it's fact that a majority of of people would still get into bitcoin cause of the fact that i can create wealth and for profits, no one even cares about p2p or a future when bitcoin would be used by the world for daily transactions at least not with this high gas fees and scalability issues.

How does it difference with people who bought Bitcoin for investment? when they buy and hold Bitcoin, they also influencing mass adoption.

There's no such gas fees in Bitcoin, in Bitcoin it's just either fees, on chain fees, or Bitcoin fees.

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Interesting, but that does not really matter. Because there won't be a time when everyone will have Bitcoin. I guess at least 20% of the population of this world are children and they are unlikely to have Bitcoin. So, The website could have a different stats if they want to make it look more realistic even though we know that it's just for fun.

All I care about is how much I have at this moment and If i will have something for my family when I will pass away.

Troytech

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Quote from: Poker Player on March 08, 2024, 10:29:33 AM

I see an underlying assumption here that I don't agree with: that tomorrow everyone will be using Bitcoin, so let's see how much it would cost if we split it evenly. I believe that in the future the majority use will continue to be, as it is today, as an investment, as an enhanced digital gold. And, since not everyone has investments and not everyone has gold, I think the same thing will happen with Bitcoin. In addition, as with everything, there will be people who will own and others who will own less, as happens now.

To be sincer I really want bitcoin to gain more mass adoption but, but it's fact that a majority of of people would still get into bitcoin cause of the fact that i can create wealth and for profits, no one even cares about p2p or a future when bitcoin would be used by the world for daily transactions at least not with this high gas fees and scalability issues.

Quote from: kryptqnick on March 09, 2024, 09:27:38 AM

Something's very wrong with the website the op shared (or at least it's wrong when I open it). The op mentioned that 234,566 is worth around $ 158.50, so when I opened the website and saw 234,541 as the equivalent of $64.47, I was really surprised. That's when I noticed that the website says that Bitcoin price is $ 27,486.17, when it's actually almost $68.5k right now. So the idea is interesting (although more filters and info would be nice), but Bitcoin price is so off that it's misrepresenting reality too much. It needs a dynamic Bitcoin price (like the dynamic population data and share of sats data) to work properly.

Probably an old site that hasn't been updated, I think OP did the calculations with the current price himself, I think there might still be under development.

kryptqnick

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Something's very wrong with the website the op shared (or at least it's wrong when I open it). The op mentioned that 234,566 is worth around $ 158.50, so when I opened the website and saw 234,541 as the equivalent of $64.47, I was really surprised. That's when I noticed that the website says that Bitcoin price is $ 27,486.17, when it's actually almost $68.5k right now. So the idea is interesting (although more filters and info would be nice), but Bitcoin price is so off that it's misrepresenting reality too much. It needs a dynamic Bitcoin price (like the dynamic population data and share of sats data) to work properly.

Maus0728

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Quote from: electronicash on March 08, 2024, 01:02:08 PM

wealth distribution has always been unfair for everyone. when you are born poor and turn into a self-made millionaire, you have done your job well in improving your life. to people with less opportunity, this is just a struggle, this is why we tend to migrate to other countries to work for it.

the internet is not even available in some parts of the country so i don't expect the adoption to spread quickly not everyone having 0.002 BTC.

It's just a scale, it's not meant to be taken literally, it's supposed to show how big is the scale that bitcoin encompasses by showing us how much bitcoin there is by distribution to the population. Wealth distribution could've been fair in the past but humanity loves to make a statement and they want the glamour of status and so they end up with this kind of thing where everyone wants to race to the top and rule over those below you.

In regards to the Internet availability, it's going to be this way for a long time because if we try to go for the provision of Internet connectivity wherever you are, a lot of trees and mountains are going to be toppled because there's a need for signal towers and they can't just build those towers without harming the local faunas, so yeah, it's difficult to solve that issue.

Imagine if this ever happened though, I can only imagine what the price of bitcoin will be when this happens.

ImThour

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These calculations are useless and I personally don't like to equate this way as referred in the post or the website. It's imaginary stuff rather than facts as what if someone is HODLing more than the amount mentioned in the website? Satoshi per person in the world could not real-time relate with the population around thje world. Also, many countries have banned Bitcoin. Are you excluding them from the list?

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Quote from: 2Pizza410000BTC on March 09, 2024, 12:21:20 AM

I have seen and understood the calculations made here but I think that Bitcoin will never be equally distributed among the world population because not everyone has a stake in Bitcoin.

Wealth is not distributed equally to all people so Bitcoin is not distributed equally to all people is a reasonable fact. The website only shows that calculation and figure to give us feeling that when more people become Bitcoin investors, there will be less chance to buy same number of bitcoin/ satoshi with same capital value.

A booming U.S. stock market doesn’t benefit all racial and ethnic groups equally

blckhawk

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Wow, there's about a week's worth of 3 square meals for everybody if you do the numbers on bitcoin distribution per person, I guess it's not that absurd given that there's a 100 million satoshis per bitcoin, they're bound to be able to accommodate everyone, I cam only imagine what it's like when 1$ is 1 sats, that would probably be a long time before it happens or the dollar is just too weak that it's value against bitcoin is that low, even with all the lost coins out there, bitcoin would still be able to accommodate everyone. When you look at bitcoin this way, it just fortifies your belief that it's the best thing and that it's always been for the people even though it's not explicitly stated.

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What I've noticed is that the decimal for satoshi per person is dropping in seconds and the same goes for the world population and moving a lot increasingly per second. While with my simple research, there are 4.4 people that are born every second. The website tells more than that based on its move per second. Anyway, that's not the important point but if there's a basis and API with this metric that the owner of this website did, it's actually a good information and it just made me remember the websites like preev.com that I've missed already although it tackles differently as it's more of the price of BTC only and some other altcoins.

2Pizza410000BTC

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Quote from: BlackBoss_ on March 08, 2024, 08:47:30 AM

A simple but cool website https://satoshisperperson.com/

It gives you basic information:
234,566.0379 satoshis per person equivalent to U$ 158.50

World Population: 8,257,003,090
Bitcoin Supply: 19,368,125
Bitcoin Price: $ 67,573.51
1 Dollar Worth 1480 sats

At top of the site, you can click on Convert to Bitcoin and get
0.002345660014 bitcoins per person.

93.56% of Bitcoin total supply was mined so far.
https://coinmarketcap.com/currencies/bitcoin/

Another chart for Satoshi per dollar.
https://charts.bitbo.io/satoshi-per-dollar/

I have seen and understood the calculations made here but I think that Bitcoin will never be equally distributed among the world population because not everyone has a stake in Bitcoin. Stakeholders will be those who are associated with Bitcoin and hold the majority of Bitcoins. People who are not associated with Bitcoin can never be partners in Bitcoin. So I don't accept this calculation because it will never happen and will not be divided equally.

yhiaali3

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A simple website, but its idea is really fun. Although it is not practical in reality due to many of the reasons mentioned by the members above, it is still a funny and entertaining idea, even if it is hypothetical.

The site calculates the number of people and divides the number of satoshis by the entire population regardless of anything else, but this is not true because newborns cannot own Bitcoin. In addition, there is a large number of people who have not heard of Bitcoin yet, and some of them have heard but do not have the money or do not know how to use Bitcoin.

The site calculates the percentage of large increases in the number of people in the world every second, but in return, it also does not calculate the percentage of large deaths that occur every second, and this will lead to an error in the calculations.

Therefore, this remains just a theoretical study and can never be applied in reality.

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Quote from: franky1 on March 08, 2024, 12:47:56 PM

here is a better thought experiment for you. to then use as a primer to then engineer a better "how many bitcoin per person" scenario

everyone thinks USdollar is the world leading currency of the world
but how many people of the world actually use and hoard USdollar

its not 8billion
its not 800m
its more like 400m (majority are just the americans 335m)

so dont use a 'if everyone had bitcoin how many sats would they equally get if shared equally'..
but instead assume a 5% of population (400m of 8billion pop)

so lets use 400m as a fair number.. (seeing as if you add up the published revelations of user accounts totals on exchanges is nearly getting to that number already)

19.4m btc / 400m pop = 0.0485btc per person as a reasonable hoard per population
if you own more then this 0.0485btc level of btc. consider yourself ahead of the game (better than the average)

Or, an interesting idea if you view it from the perspective of world wealth instead of people: If Bitcoin becomes the global currency, 454.4 Trillion USD (net world wealth) converted into Bitcoin market cap would be over 21.6 million USD per Bitcoin. And after that, the value of each Satoshi keeps going up because of population growth.

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Quote from: bluebit25 on March 08, 2024, 12:06:42 PM

Quote from: BlackBoss_ on March 08, 2024, 08:47:30 AM

234,566.0379 satoshis per person

Anyway, thank you for sharing, but I really don't understand the message from it.

And the world number is not fixed, I don't remember exactly, but I can search somewhere on the web, about when bitcoin launched, how many people there are in the world, and the present, the future.

So this calculation doesn't make much sense to me, because I also know about decentralization but most of the bitcoins are kept in the pockets of whales so there's no need to think about everyone getting an equal share bitcoin.

I think the calculation is just trying to show how much bitcoin is out there in ratio of all the people in world. I, myself, also do not understand what the point of the calculation is. This is all the population in the world but we are all not equal in a sense that some would be closer to retirement while someone could have just been born. How can someone who had just been born have their own money? They won’t even have any need for it let alone knowledge on how to actually use it.

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Quote from: electronicash on March 08, 2024, 01:02:08 PM

wealth distribution has always been unfair for everyone.

Well, no, it hasn't been. In open societies that allow private initiative to drive the economy, have a strong legal system and low taxes, the distribution of wealth has been mostly a result of the effort, talent and dedication of each human being. Those who speak of an injustice in the distribution of wealth dream of totalitarian regimes like the USSR or China in the 20th century. If we want more recent examples, let us look at the example of Venezuela and we will see how this tale of redistribution of wealth ends.

All this without taking into account that those who talk about this bullshit consider wealth as a pie, as something static, instead of something that is in constant movement, that is created or destroyed, so that global wealth has risen enormously in the last two centuries, just after enlightened people like Marx and Malthus launched their apocalyptic messages, so that everyone is richer than 200 years ago, rich and poor.

Topic: How many satoshis are there per person in the world? (Read 363 times)