Topic: If bitcoin was globally distributed (Read 256 times)
I dont believe BTC will be distributed worldwide. It is popular among IT workers and so on but granny from Poland or a casual man from Egypt aren't giving a mind about crypto currency at all.
Interesting calculation, but bitcoins for everyone obviously will not enough. BTC will be distributed among a certain number of people...
This is a cool idea in theory, but also in theory people are way too greedy to allow this. Look at all the forks that are happening lately, people cant even keep bitcoin by itself. Greed corrupts and wins in these scenarios
sadly
sadly
This idea can really be cool only on theory, but in reality there are a lot of greedy people who want more money and power. I'm sure that they use the news to control the price of bitcoin.
Whoa BTC0.003, that's like just $17 dollars today in my currency. Well hopefully by the time all the btc has been mined out, it's value is already huge enough to transact in satoshis.
"A system that relies on people being good is a bad system." I heard someone said.
This is a cool idea in theory, but also in theory people are way too greedy to allow this. Look at all the forks that are happening lately, people cant even keep bitcoin by itself. Greed corrupts and wins in these scenarios
sadly
sadly
"A system that relies on people being good is a bad system." I heard someone said.
This is a cool idea in theory, but also in theory people are way too greedy to allow this. Look at all the forks that are happening lately, people cant even keep bitcoin by itself. Greed corrupts and wins in these scenarios
sadly
sadly
The BTC per human would be less than 0.003
And that's the maximum from the simplest calculation, (max BTC (21Megacoins)/ pop (7 GigaPeople)).
I think it's very difficult for people to overcome the psychological effect of owning less than 1 basic unit of currency
Maybe we should start counting in satoshis as well. 1 Sat, 1 kiloSat (for 1 thousand) like 1kS.... and so on, using the metric system.
Eventually when we subdivide the satoshi and move the decimal point (if that happens, fingers crossed), we can use cents to divide each into 1 hundred.
The result being that there would be
21MBitcoins * 100M = 21 Hundred Million Million maximum Units of basic currency... Or about 300k (if my math is correct) for every person on the planet.... if my math is correct.
And that's the maximum from the simplest calculation, (max BTC (21Megacoins)/ pop (7 GigaPeople)).
I think it's very difficult for people to overcome the psychological effect of owning less than 1 basic unit of currency
Maybe we should start counting in satoshis as well. 1 Sat, 1 kiloSat (for 1 thousand) like 1kS.... and so on, using the metric system.
Eventually when we subdivide the satoshi and move the decimal point (if that happens, fingers crossed), we can use cents to divide each into 1 hundred.
The result being that there would be
21MBitcoins * 100M = 21 Hundred Million Million maximum Units of basic currency... Or about 300k (if my math is correct) for every person on the planet.... if my math is correct.
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