Topic: Is 21million BTC really enough for the wole world? - page 6. (Read 4565 times)
yes because you can divide bitcoin into 100M esatoshi each this si more than enough for everyone, bitcoin is divisible because otherwise you can't pay a whole bitcoin for everything like fee or small commissions
I mean its only 21million btcand there are 6billion people in the world , how can it be enough
Well its smallest denominations aren't 1 bitcoin, it's one satoshi which if I'm not wrong is 0.0000001 bitcoin. The core team could move that a few decimals back too if needed but as of now 21 million is more than enough 
If all people in this world using bitcoin maybe yes 21 millions is not enough for all of them but i think the current bitcoin users in the whole of world even less than 5% from total of populations human in the world so 21 millions is enough because not everybody want and interested using and hold bitcoin
It enough for what BTC should be, store of value.
What price should it reach with people interested, that s a different story. I think $10k per BTC are not impossible as early as next year, just because of that ratio. Many people, few BTC.
What price should it reach with people interested, that s a different story. I think $10k per BTC are not impossible as early as next year, just because of that ratio. Many people, few BTC.
21 million btc would be more than enough for 6 billion people in the whole world especially if all of us would do the work to multiply and to have another million folds of bitcoin.
But I guess 1/10000 knows the single thing about bitcoin now.
But I guess 1/10000 knows the single thing about bitcoin now.
Yup, if you think about it, even when including the bitcoins that will never be used again "lost, owned by satoshi "probably won't be used" and the like".
Bitcoin pricing depends on the demand and the available number, so if it's just 1 BTC "not 21 millions", That one can cover the need IMO and can be used in units as small as a single satoshi.
Bitcoin pricing depends on the demand and the available number, so if it's just 1 BTC "not 21 millions", That one can cover the need IMO and can be used in units as small as a single satoshi.
You are getting it wrong. Let me explain.
There's some 170k-180k tons of gold mined. Let's say 170 000 000 kg. Your question is like asking why can't everybody have 1kg of gold.
Not everybody wants Bitcoin and also Bitcoin has subunits (in the same way 1kg has grams). People can get 0.1 BTC. Or 0.0001 BTC. Some day even that may be pricey.
So the answer is yes, there's enough Bitcoin.
There's some 170k-180k tons of gold mined. Let's say 170 000 000 kg. Your question is like asking why can't everybody have 1kg of gold.
Not everybody wants Bitcoin and also Bitcoin has subunits (in the same way 1kg has grams). People can get 0.1 BTC. Or 0.0001 BTC. Some day even that may be pricey.
So the answer is yes, there's enough Bitcoin.
I mean its only 21million btcand there are 6billion people in the world , how can it be enough
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