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Topic: How to distribute 21 million Bitcoins for a population of 7.8 billion? - page 3. (Read 453 times)

sr. member
Activity: 288
Merit: 372
"Stop using proprietary software."
   
    The world population is about 7.8 billion, and the current number of bitcoins is about 17 million. If you don’t consider investment institutions holdings, the per capita is about 0.0021794 BTC. But in 2140, bitcoin mining will end, and the world’s population is estimated to reach 14 billion. I want to know what kind of distribution of Bitcoin will appear at that time? Will people use Bitcoin for normal transaction payments? I think there is no right or wrong view, but I believe that there will be other digital currencies to assist Bitcoin. Where will Bitcoin go?

If Lightning Network is successful in its complete implementation, Bitcoin will certainly "normal" transactions. By "normal" I am assuming you mean transactions like coffee in the morning.

I also believe that the crypto ecosystem will have roles to play as well. While none of them will have the same store-of-value status as bitcoin, they will have jobs to do.

In my opinion, most of this relies on LN being implemented properly. If Layer 2 solutions aren't able to work properly (which they do) it could hinder bitcoins progress.
legendary
Activity: 3668
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and the world’s population is estimated to reach 14 billion. I want to know what kind of distribution of Bitcoin will appear at that time

Bitcoin is not something people get just for being born on this planet. It's not a birth right. People have to work for it or people have to buy it. So what are you talking about?
By your calculation, I would be entitled to receive 12.2 grams of this planet's gold and I haven't received any yet.


Will people use Bitcoin for normal transaction payments?

Sure. If you look closer, 1 BTC = 100 000 000 satoshi. If you look even closer, Lightning Network already works with sub-units of a satoshi. So there's plenty of room to work with.


But all this was discussed a very good number of times already; it didn't pop up at any searches you've made before asking?!
member
Activity: 62
Merit: 13
   
    The world population is about 7.8 billion, and the current number of bitcoins is about 17 million. If you don’t consider investment institutions holdings, the per capita is about 0.0021794 BTC. But in 2140, bitcoin mining will end, and the world’s population is estimated to reach 14 billion. I want to know what kind of distribution of Bitcoin will appear at that time? Will people use Bitcoin for normal transaction payments? I think there is no right or wrong view, but I believe that there will be other digital currencies to assist Bitcoin. Where will Bitcoin go?
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