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Topic: If bitcoin is overpopulated how will it stop to limit the users? (Read 428 times)

newbie
Activity: 196
Merit: 0
While I am against overpopulation, having many user to access and use bitcoin is quite helpful for the community in spreading it. More people using it, the higher value of bitcoin will be. Given that some will use it for bad reasons, we can't do anything about it.
legendary
Activity: 3542
Merit: 1352
Cashback 15%
What kind of overpopulation? Frankly, I think that the more people holding the coins, the better, because it promotes better wealth distribution compared to a few businessmen and geeks just holding the coin. If you're talking about network congestion and a proper scaling solution, that is now in the works through LN which, hopefully, would help bitcoin scale when bitcoin goes big. Also, it wouldn't be a nice concept if an open-source code controls how many users can only hold coins.
sr. member
Activity: 630
Merit: 250
How bitcoin will prevent overpopulation?
  Overpopulation? But how does bitcoin know the whole world if you restrict visitors? We all want that everyone knows about bitcoin and at the same time talk about overpopulation? As it all is not logical Smiley I think that it is necessary to attract more people to bitcoin.
jr. member
Activity: 178
Merit: 5
bitcoin is a digital asset and currency of the future. this is a treasure that anyone can have, meaning there is no ownership restriction, so I do not think there's a word of overpopulation. for the bitcoin made, so everyone has it.
hero member
Activity: 658
Merit: 500
Overpopulated is not always a bad thing, especially in a trade. Do you understand the basic principles of the market, the supply and demand? Overpopulated means very high demand, so it's a good thing for Bitcoin because the price is going to rise and everyone will be happy.
member
Activity: 238
Merit: 11
The Bitcoin system is unique in that only 21 million bit-coils can be created. However, this will not be a limitation, because transactions can be denominated in small denominations - for example, in bits - every bit is one millionth part of bitcoin. Bitcoin is divided up to 8 decimal places (0.000 000 01) and potentially even further, if this is required because of the decrease in the average transaction size.
legendary
Activity: 1526
Merit: 1000
How bitcoin will prevent overpopulation?
Not all people are agree with the idea about bitcoin now, many bad news about bitcoin thats spread. I am very sure it will not be happen. Also, for peo0le who already rich then they are actually don't have to invest in risky investment such as bitcoin.
I am impressed that you are pretty confident with your statement, you join the campaign but you are being pessimistic of Bitcoin’s growth, with the Bitcoin’s increasing popularity means it will increase its price, do you not HODL Bitcoin? lol
And also for rich people, they already have a lot of money because they are well established in economy. If they don’t succeed in Bitcoin, they will still be rich people. They understand already what is investment and its risks.
member
Activity: 196
Merit: 10
How bitcoin will prevent overpopulation?
i think there is no prevent overpopulation because if bitcoin is still there it was no limit of people who wants to be part of it so i think bitcoin is consuming power by over population.
full member
Activity: 630
Merit: 130
We need adaption and good implementation and limiting users is not helping bitcoins and any another cryptos to develop more.
Secondly, Bitcoin is a digital currency and it does not get overpopulated, it grows when many invests.
And if you are pertaining to the Forum itself being overpopulated then you should know that since last year, moderators and admins already implemented good ways not to limit but just to prevent over-polluting this forum.
1. Creating new accounts may have evil points.
2. Newbies are no longer allowed to join signature campaigns (sometimes Jr.s too). Newbies can not wear signatures.
3. The Copper membership allowing newbies to have less restrictions for their own business activities.
4. Merit system to freeze some accounts and lessen spam and shit posts.

This are just some of the ways I have noticed and there is nothing to worry about.
The new system is still going to give results of its effectiveness.
full member
Activity: 378
Merit: 103
How bitcoin will prevent overpopulation?
certainly many ways, one of them by providing more stringent regulations such as merit system in this forum. but I think bitcoin will not do it, because ownership of bitcoin there is no limit. Is not this good? when everyone uses bitcoin. even as long as bitcoin is made until now, it still has to be developed again until everyone uses it.
sr. member
Activity: 402
Merit: 250
How bitcoin will prevent overpopulation?
Why do we need to prevent new people from entering the market? It is true that Bitcoin cannot handle huge volume of transactions in a day because it can only confirm limited transactions but preventing new people to buy or invest in Bitcoin will not solve the problem. Bitcoin is still not a perfect system and still needs a lot of improvement and needs to have a solution to its scaling issues. Instead of limiting people from using it (which is impossible to do since everyone can freely use Bitcoin) why not just focus on how to improve the network? lightning network will come out and lets see if it can solve this issue if it fails then schnorr signature will be the next option.
i highly agree with you, and to think that preventing the usage of bitcoin would be beneficial, i guess not, besides in order also to improve bitcoin, it really needs users, and it doesn't mean we will have to limit those who wants to use it, its not wise and its not a problem solver. and just to consider that it can freely be used by new users according to what you have said mate, so the best move should be improving the networks in order also to avoid traffic per transaction everyday.
sr. member
Activity: 672
Merit: 253
CryptoTalk.Org - Get Paid for every Post!
How bitcoin will prevent overpopulation?
I think the population of bitcoin users can not be dammed on the basis of the benefits that can be derived from activity in bitcoin. This can be seen from the increase in the value of virtual currency, in addition there are currently many who have knowledge about blockhaind technology, especially millenial generation, and the increasing population of bitcoin users because the younger generation today many are interested in decentralized system.
member
Activity: 476
Merit: 12
How bitcoin will prevent overpopulation?
I think that if Bitcoin is overloaded, then there will be measures of the system sent to users such as not being able to buy small quantities and not be able to invest in Bitcoin in short to avoid losses at system overloads. The system.
jr. member
Activity: 126
Merit: 4
Overpopulation is not a problem but rather it is a goal that bitcoin will be used by almost everyone in the future. The scaling problems will eventually be solved in the future and bitcoins supply will be enough for everyone. I think the main concern should be where can we use bitcoin in our day to day lives if everyone will be using it in the future.
full member
Activity: 490
Merit: 106
How bitcoin will prevent overpopulation?
Why do we need to prevent new people from entering the market? It is true that Bitcoin cannot handle huge volume of transactions in a day because it can only confirm limited transactions but preventing new people to buy or invest in Bitcoin will not solve the problem. Bitcoin is still not a perfect system and still needs a lot of improvement and needs to have a solution to its scaling issues. Instead of limiting people from using it (which is impossible to do since everyone can freely use Bitcoin) why not just focus on how to improve the network? lightning network will come out and lets see if it can solve this issue if it fails then schnorr signature will be the next option.
member
Activity: 294
Merit: 11
Over population is not a problem at all. If that is done, even owned a small amount of bitcoin is enough, because I believe that bitcoin would be so high in price when there are a lot of people used it. Even owned a small amount of it would be enough.
legendary
Activity: 3220
Merit: 1344
Leading Crypto Sports Betting & Casino Platform
How bitcoin will prevent overpopulation?

WTF? Are you talking about the global human population growth or the growth in terms of Bitcoin users? If you were referring to the latter, then why should anyone stop it? It is going to be good for Bitcoin and its users. The more the number of users, that much valuable will be the currency. Everyone will benefit out of it.
sr. member
Activity: 588
Merit: 256
How bitcoin will prevent overpopulation?
Still i dint understand purpose of your question . But based on my understanding if more people start to consume bitcoin with limited supply 21 million . then obiviously bitcoin demand and price will increase . I may reach moon even mars then Sun also.
bitcoin is a system that is directly related to the internet network that can be accessed to all parts of the world. so how can you possibly reduce the population level of its use unless you have a way to disconnect all the internet networks and this might sound very funny because I do not think you can do it because all the systems will get stuck.
sr. member
Activity: 1792
Merit: 264
www.licx.io
How bitcoin will prevent overpopulation?
I never thought of the limited number of bitcoin users because bitcoin is a financial solution that everyone has the right to use bitcoin to solve financial problems. many bitcoin users are not the cause of the decline in bitcoin prices, and conversely more and more people are adopting bitcoin will certainly make the demand increase and will make the price higher. so in my opinion you have no right to suggest about limiting the number of bitcoin users.
hero member
Activity: 812
Merit: 501
Even if it has been 10 years now since bitcoin exists I think it still needs to develop more and more everyday because in the beginning it took baby steps in the technology
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