The impact of bitcoin on world population, what happens when the population rate

justdimin

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Quote from: Jatiluhung on September 16, 2022, 11:10:28 PM

Bitcoin will just be an ordinary asset like gold and the like. but the difference is that bitcoin is more likely to experience a lot of adoption in the field of payment or payment instruments. because maybe in the future paper money is used less and less and transactions via the internet will be more widely used. so that the ease of transactions with bitcoin could be excellent in the future. but gold will only remain a savings or investment asset only. and only a few who make gold as a means of payment or a medium of exchange. because gold will remain a valuable asset in the realm of the real world. but on the internet it will not be as popular as bitcoin.

That difference is not a small one. I have been getting paid in bitcoin for years for the work I do, and in return I have been spending bitcoin on many stuff as well, not just bitcoin but other coins as well. Which means that bitcoin could be like gold when it is used as an asset, but it is also like fiat when it is used for payment made to someone as well.

There is really nothing in the world that is both a great asset but also a great payment method at the same time, crypto is the only one and that is why it is valued so highly. I personally believe that we are going to do so much better with the upcoming times, all we need is waiting, and with that patience we are going to be rich.

Darker45

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As regards the subject of this thread, I think it's the other way around. Rather than "the impact of Bitcoin on world population," this is more like the impact of population on Bitcoin.

Anyway, this is one of the reasons why Bitcoin's price value increase could be never-ending. If the population growth is going to rise and rise, then the demand for Bitcoin will also rise and rise provided, of course, it remains relevant. The demand for money is never-ending; it instead rises no end especially with a ballooning population.

CryptoHeadlineNews

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Quote from: Josefjix on September 15, 2022, 09:01:30 AM

If the world population increases, it will have a significant impact on bitcoin. The more people there are, the more money is going to be spent on things like food, water and electricity. This will lead to increased demand for bitcoin as a currency.

Yes, I totally agree with this point of what you just said, because an increase in population will surely result to an increase in the demand for Bitcoin, being an independent digital currency fast and borderless, which will eventually lead to another skyrocketing of its price due to more demand for its limited supply.

Kakmakr

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Luckily for all the Fiat slaves, governments do not care about population growth.... they simply print more money to adapt to the growing need for cash. Roll Eyes

This is also good for bitcoin hoarders, because the more people there are.... the higher the need for Bitcoin will be.... thus pushing the value per bitcoins up in the future.

The cost per "Satoshi" will just increase... and there are millions of Satoshi in circulation to fit everyone's needs, no matter how many people there are. Wink

mindrust

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All I know is, we can’t double up our population once more. Something will happen and lots of people will have to die. I don’t know what it is going to be but it has to happen.

There was a lab research on rats which I watched long time ago.

They put 1 female and 1 male rat in a big box. Gave them lots of food, water, lots of little boxes which they can use as shelter etc… For a while these rats multiplied, ate and drank happily. But after a while the box became full of rats and there wasn’t enough food, water and shelter for every individual anymore.

Then something has happened. They started to get mad. They were fighting and killing each other. One day, all of them were fucking dead.

Moral of the story: We should beg Bill Gates to kill us :/

Jatiluhung

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Quote from: GigaBit on September 17, 2022, 11:12:24 PM

The world's population is increasing, but in some countries it is declining. For example, in countries like Japan, about 18 percent of people are now reluctant to get married and its rate is gradually increasing now. In some countries population increasing rapidly. But I would never look down on population growth especially in Bitcoin. Because I believe the demand for Bitcoin will increase when the population increases and it is not possible to predict at this moment what level it may reach in 2050.

You are right. in some countries the human population level has decreased slightly. or no significant increase. but in Muslim countries the population increase is rapid.
and the fact is that in Muslim countries the adoption rate of bitcoin users is also increasing as in Arab countries. and in Indonesia, which has a high population level and a Muslim majority there, the adoption of crypto and bitcoin continues to increase rapidly. so it's likely the impact on bitcoin itself will be very positive in the future.

redsun114

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Quote from: CryptSafe on September 17, 2022, 10:29:18 AM

Rise in population has nothing to do with Bitcoin.

Could you explain why? Its because both of them are different? Or we can also say that there are newborn people today but they are too young to know if what is btc but what about if they grow old? and those people will try to participate in btc. Therefore we can also say that the increase in population has an impact on btc. It can make the price rise or fall depending on what the actions that the people are doing.

Quote from: CryptSafe on September 17, 2022, 10:29:18 AM

What we can say is that the rise in population according to world statistics would be of good benefits because if one single individual holds Bitcoin, it would definitely create more value to Bitcoin there by pushing for more demand as the it is limited in supply.

So you are now convinced that it really do have an effect? But, the amount of btc that one must hold will vary because what if they only hold a couple of sats? I don't think that will cause much of an impact but if each of them hodl at least 0.01 btc or higher then that will be a big thing already. A rise in price can indeed cause an attraction other than when we are in a bear.

GigaBit

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The world's population is increasing, but in some countries it is declining. For example, in countries like Japan, about 18 percent of people are now reluctant to get married and its rate is gradually increasing now. In some countries population increasing rapidly. But I would never look down on population growth especially in Bitcoin. Because I believe the demand for Bitcoin will increase when the population increases and it is not possible to predict at this moment what level it may reach in 2050.

bestcoins1

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Quote from: CryptSafe on September 17, 2022, 10:29:18 AM

Rise in population has nothing to do with Bitcoin. What we can say is that the rise in population according to world statistics would be of good benefits because if one single individual holds Bitcoin, it would definitely create more value to Bitcoin there by pushing for more demand as the it is limited in supply.

What about now where many individuals are holding Bitcoin? The increase in the human population in this world may not have an effect on Bitcoin, but when more and more people want to own Bitcoin, it will directly affect the price of Bitcoin itself because the demand will obviously be very high.

So this not only affects one hand holding Bitcoin, but it would also be better if more people were holding it. Since they are able to value Bitcoin more than some other asset that also has value, I don't think they will sell Bitcoin at such a low price.

8rch7

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The growth of bitcoin adoption is faster, it's only been running for a decade but bitcoin is already known all over the world, even bitcoin is now very popular, so it can be confirmed that if the world population continues to grow then automatically, people's demand will continue to increase and investment will also increase. increasing, because bitcoin provides convenience to all investors, according to predictions btc will reach 1 billion users by 2025, so the world's population is increasing, then bitcoin is automatically getting more and more interested, so take advantage of every opportunity from now on, try to set aside a little money you to buy bitcoin from now on, so that we can benefit in the future.

dark1234

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Quote from: Doan9269 on September 17, 2022, 01:27:24 PM

Quote from: dark1234 on September 15, 2022, 05:11:11 PM

until now the problem for bitcoin is not the transaction problem, but the mining problem - which is not environmentally friendly

You're wrong, bitcoin mining is environmentally friendly and no dispute about that, can you make it mining compare the natural resources such as crude oil and gold mining thesame with bitcoin? Moreso, the energy required for bitcoin mining has nothing to stand with the global energy waste due to inefficiency, if you have a doubt about that, i indulge you to read this thread althrough Debunking the "Bitcoin is an environmental disaster" argument and in more cases now, bitcoin uses part of these waste energies is performing it mining activities and also expanding the use of renewable energy for it mining.

I've been following a few months ago, and i say;therefore don't use it as an excuse but make it your homework together to find the best solution without stopping the development of more efficient transaction technology...

Quote from: Doan9269 on September 17, 2022, 01:27:24 PM

Debunking the "Bitcoin is an environmental disaster" argument and in more cases now, bitcoin uses part of these waste energies is performing it mining activities and also expanding the use of renewable energy for it mining.

I understand what you mean, but we must not turn a blind eye to some of the reasons many countries prohibit mining, it is mostly due to the problems of individual miners not industrial level because the mining industry has switched to green, environmentally friendly energy. and if the bitcoin community population increases, of course the transaction opportunities are high and followed by crypto miners who also grow, so that will be a negative value in the development of bitcoin

Quote from: dark1234 on September 15, 2022, 05:11:11 PM

the mining problem- which is not environmentally friendly

what if left it will be one of the issues that will always be raised by the commanding authorities who in fact rate negatively on bitcoin

Doan9269

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Quote from: dark1234 on September 15, 2022, 05:11:11 PM

until now the problem for bitcoin is not the transaction problem, but the mining problem - which is not environmentally friendly

You're wrong, bitcoin mining is environmentally friendly and no dispute about that, can you make it mining compare the natural resources such as crude oil and gold mining thesame with bitcoin? Moreso, the energy required for bitcoin mining has nothing to stand with the global energy waste due to inefficiency, if you have a doubt about that, i indulge you to read this thread althrough Debunking the "Bitcoin is an environmental disaster" argument and in more cases now, bitcoin uses part of these waste energies is performing it mining activities and also expanding the use of renewable energy for it mining.

|MINER|

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I think it is already confirmed that we are gonna be see the next economic system will be used by crypto currency already many countries adopt bitcoin and this will increase by as the days goo on. So I think there will be main impact for the population and the limited supply of bitcoin will be only the price of bitcoin will goo to skyrocket. And because there is limited supply, it will create a problem, but because of its limited supply, even if the supply falls short, its price will also increase, and other alt coins are there for help.

CryptSafe

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Rise in population has nothing to do with Bitcoin. What we can say is that the rise in population according to world statistics would be of good benefits because if one single individual holds Bitcoin, it would definitely create more value to Bitcoin there by pushing for more demand as the it is limited in supply.

Jatiluhung

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Quote from: so98nn on September 16, 2022, 10:19:32 PM

Future is unpredictable. While we are considering hypothetical case here we must consider the alarming factors that will follow the increased population. With every person breathing air on the earth, we are unfortunately cutting down lot of trees, oceans are getting flooded with non degradable wastage, ultimately affecting the sea life and thus breaking down the cycle of prospering nature.

9 billion peeps! It’s already hot in here while we produce energy for current number of population. Just imagine what would happen by the time we reach this population?

Bitcoin would be just another asset like gold, silver and valuable coin based on its energy consumption and demand. It could be possible that energy costs become so high by 2050, miners may not achieve that much profitability to set up huge farming facilities.

Could be hundreds of reasons that will finish it up. However, one thing is sure; increased population does not seem to be productive factor for earth, it’s more or less destructive to it.

Your words really caught my attention. and it makes sense. so I feel agree with this. i.e. Bitcoin will just be an ordinary asset like gold and the like. but the difference is that bitcoin is more likely to experience a lot of adoption in the field of payment or payment instruments. because maybe in the future paper money is used less and less and transactions via the internet will be more widely used. so that the ease of transactions with bitcoin could be excellent in the future. but gold will only remain a savings or investment asset only. and only a few who make gold as a means of payment or a medium of exchange. because gold will remain a valuable asset in the realm of the real world. but on the internet it will not be as popular as bitcoin.

but if you look at the current natural conditions. so we really have to look more broadly about this. because the population continues to grow. dwindling greenery. reserves of energy sources from fossils (mining) are decreasing. then we really can't predict what will happen in the year around 2050.

so98nn

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Future is unpredictable. While we are considering hypothetical case here we must consider the alarming factors that will follow the increased population. With every person breathing air on the earth, we are unfortunately cutting down lot of trees, oceans are getting flooded with non degradable wastage, ultimately affecting the sea life and thus breaking down the cycle of prospering nature.

9 billion peeps! It’s already hot in here while we produce energy for current number of population. Just imagine what would happen by the time we reach this population?

Bitcoin would be just another asset like gold, silver and valuable coin based on its energy consumption and demand. It could be possible that energy costs become so high by 2050, miners may not achieve that much profitability to set up huge farming facilities.

Could be hundreds of reasons that will finish it up. However, one thing is sure; increased population does not seem to be productive factor for earth, it’s more or less destructive to it.

kamvreto

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MAaaN...!! CUT THAT STUPID SHIT

Quote from: budi691 on September 15, 2022, 09:11:46 PM

when the human population on this earth increases, the main problem is shelter and basic food,
and Bitcoin may not be the main problem in human life, but maybe the adoption of Bitcoin will continue to increase, it must be because it is getting easier to use Bitcoin to make transactions, because we cannot avoid technological advances will change a lot of people to use digital money, especially Bitcoin

shelter and basic food are common problems. The human population will also not continue to increase, every increase there will certainly be a decrease, some are born and some die.
If it is associated with bitcoin which only has a supply of 21 million and cannot be added, of course this supply of 21 million will become very rare when the human population increases. moreover maybe in the future bitcoin adoption will get better and more people will use bitcoin. Bitcoin will be out of mined in 2140 and this is certainly a very long time. But if people in the future use bitcoin widely, bitcoin will become a rare digital currency and of course the price will be very expensive.

landheer

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Yes, indeed, the world population is increasing, but in my opinion, the most popular medium of exchange is money. In my opinion, bitcoin is only suitable for investment, but in my opinion, those who invest in bitcoin in the future will definitely increase so that bitcoin has the opportunity good for the future. so in my opinion in the future there will be no change in the medium of exchange, so it's still like now. the difference is that in the future bitcoin will become a valuable and rare item, and also the price will definitely be higher.

budi691

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when the human population on this earth increases, the main problem is shelter and basic food,
and Bitcoin may not be the main problem in human life, but maybe the adoption of Bitcoin will continue to increase, it must be because it is getting easier to use Bitcoin to make transactions, because we cannot avoid technological advances will change a lot of people to use digital money, especially Bitcoin

Jatiluhung

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when talking about the growth of bitcoin adoption in the future, of course the answer will be more and more. now in the millennial generation alone bitcoin adoption continues to increase. and it is estimated that in generation Z there will be more bitcoin adoption. especially if we talk about 2050. But the problem is that maybe in 2050 there will be a new generation in payment systems and currencies. be it fiat currency or digital currency such as bitcoin and cryptocurrency. but if bitcoin remains unreplaceable until 2050. then I think the current price of bitcoin in 2020 will be considered cheap by the 2050 generation. I will call the 2050 generation the cosmos generation, the generation of universe explorers. Tongue

Topic: The impact of bitcoin on world population, what happens when the population rate (Read 614 times)