Topic: The impact of bitcoin on world population, what happens when the population rate (Read 607 times)

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.

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.

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.

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.    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. 

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 :/

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.

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.

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.

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.

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.

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.

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...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 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

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 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.

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.

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.

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.

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.

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.

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

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.

Assuming that in 2050 the world population can be as high as 9 billion, it does not mean that there will also be a corresponding demand for Bitcoin as we don't know if more and more business and people will really be using and accepting Bitcoin at that time. As much as we are dreaming for a massive adoption of Bitcoin, personally am not really seeing that happening as we can see that it seems the excitement and novelty of Bitcoin is slowly fading (just my opinion!) as most people really don't care the idea, philosophy or even the ideology behind any crypto - most people only care what they can get out of something in terms of monetary value. Now, if this trend will continue Bitcoin will be attacked being a PoW and it does not matter if the basis of the attack can be flawed or not...as this will surely be affecting the impact of Bitcoin.

It is true, bitcoin mining is much into discussion mentioning it against the green energy. Slowly things will change when the large scale miners move towards renewable energy for the mining needs. In reality the emission out of bitcoin mining is far low compared to the emission and energy consumption from paper industry which is at the top.

Hmmm interesting. I learned something new today. I never thought of it this way. But I believe as the world’s population increases so would advancements be made, specifically technological advancements. So things would most likely improve for the better by then.

every increase in a population will have an impact on economic inequality in every line of life and perhaps the appropriate question is how the positive and negative impact of population on the development of bitcoin and life to come...?
Because the most vulnerable, until now the problem for bitcoin is not the transaction problem, but the mining problem - which is not environmentally friendly - which is the benchmark for a transaction to be successful and verified. with the increase in bitcoin users resulting in the number of transactions thus the miners will require higher energy spent on Bitcoin transactions

Let me stop you there,
world population is about to go into massive decline.

The majority of the current world populace are past the age of where they can have children.

So we are headed into a population bust not a boom.
UN predicted population numbers are nonsense.

The US Baby Boomers alone are now retiring in mass,
this is already ending easy venture capital money.
Sorry , but the future is not going to be brighter,
as Jack once says, This is as good as it gets.

The world governments are all going to ban Bitcoin's Proof of Waste model,
so you might want to start looking at something else to invest in.  

Well, thank you a user a few posts before to clarify some technical slips in the context (OP); then, it is worth asking how many people currently have access to fiat money, I always mention how there are organizations that fight for the right to money using ATMs, that is, if with the current population there are deficiencies so that entire populations can use or have access to Fiat money, perhaps in the coming years the adoption will grow for bitcoin but I do not think that if the population level reaches the mentioned numbers (OP) there will be a relevant effect for bitcoin. (hopefully it happens but +++)

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^{Automated teller machines (ATMs) (per 100,000 adults)
International Monetary Fund, Financial Access Survey.
https://data.worldbank.org/indicator/FB.ATM.TOTL.P5}

Bitcoin came in with the idea of granting freedom while handling our finances, the government took this right away from us long time ago, but someone see this as an abnormality and created a lasting solution with bitcoin, if we all must owe Satoshi something worth it, then we must be willing and able to keep the network or system sustainable for more generation to come and benefit from this peer to peer decentralized network

If I'm looking at these fact from the same perspective as you have, I'll quickly say you're correct but unfortunately, I won't yeah, because I love trying out some modifications. Lemme get this straight; do you mean that in the nearest future, miners will begin mining Bitcoin in higher rates to suit the population unborn?
Or that bitcoin will generally be acceptable as a legal tender?  If no, then what business does bitcoin as a store of value--with some uncertainty wether to be revamped as a legal tender but with great impediments--has to do with the increase in demand of food,water and electricity as you said?

Secondly;
Let's assume in a country where we have 4 million citizens and you're the president; you have made provisions--not just on your own jurisdiction but with your electoral house too--and the population increases to 5 million: are you going to place an order to mint 5 million dollars so everyone could be entitled to 1 Dollar?

Well, I think no matter how the population increases, we'll still have babies, Illiterates and lastly, alot that are CRYPTOGRAPHICALLY APATHETIC...
But that's a story for another day.

Cheers
Sandra❣️

My first instinct is that the world is facing larger consequences from overpopulation than whatever you're getting at here.  It's likely people in some parts of the world are going to be far more concerned about the availability of housing, food and fresh water than they will be about the availability of Bitcoin.  No one can buy these things if there simply aren't enough of them to go around.  There are going to be shortages of vital resources.  Having a larger amount of Bitcoin won't necessarily be of any practical use if you still can't buy something you need to survive because it's no longer available.  

And that's before we get to your incorrect assumptions regarding the number of Bitcoin users having any impact whatsoever on mining difficulty.  Perhaps start again from the beginning and forget everything you thought you knew.  You've seriously misunderstood something.

I think you need to rephrase you should rather say that with increase number of the population that makes uses of Crypto-currency such as bitcoin would bring about increase in transactions. The world population can be increasing and if they don't have interest in Bitcoin it wouldn't really have an impact of Bitcoin transactions.

Well I believe that Bitcoin targets the future too as it is already getting serious adoption, with the limited about of bitcoin being $21 million and the already million lost due to carelessness, unfavorable demise of its holders without anyone able to access them and so many other factors, the search for bitcoin would cause it price to Hit series of all time high as population increase. But as a part time enthusiast of geography population isn't only about its birth factor it also has death factor that most time balances the world population, so what ever impact it would have its best to experience it holding some Bitcoin for yourself.

People tend to forget Bitcoin is fairly scalable, since there's been issues raised about it in the past. However, from this point of view you can adjust the difficulty rate to mine, which is already implemented. Then the rewards for minings will be based on demand, and therefore the transaction fee will always be variable rather than fixed. Plus, Bitcoin can use further denominations if there's not enough whole Bitcoin's to be used by the population.

Plus, Bitcoin has been designed with adaptability in mind, so if there's any real hard issues we come across, we could potentially hard fork to correct or mitigate them. Obviously, that's as a last resort usually.

I don't see why bitcoin would suddenly rise up just because the world population also rose? Also, I don't really know what's happening, are we having a population decline or the opposite? Countries like Japan and some rural parts of Finland have started paying their citizens some money to birth a child due to low birth rates on these places. Add to that the growing sentiment of Gen Z and Millennials on not wanting to have a baby by choice, and you have a solid picture of what's really happening in a smaller scale. Either which side of the board we fall into, one thing's for certain: bitcoin will not rise due to population alone. It has to be more than that.

If the population rate of humanity increase in the world, it will increase the demand for the moment because everybody will like to buy at a low rate and hold until the supply increase higher more than demand before the price will go higher. Many people felt the recent population in Bitcoin that is making the price of Bitcoin to decrease because the demand is higher than the supply in the market that is causing people to experience bear situation which will not last forever in the market.

What happens to Bitcoins when the population rate increases? Simply the answer is that, the demand for the coin will increase.
As we have already know about the fact demand and supply, that will happen when the population increases.
The supply of Bitcoins are limited, so when the demand increases, the price of the coin will increase.
To be honest enough this can’t be controlled by any means. So it’s always better to buy as many Bitcoins as you can when the price is low. As the time will pass, the demand of the coin will surely increase.

Currently we have around 7.9 Billion people on this world [1] as the article mentioned there's will be around 9 Billion people on 2050, my question is do you think 7.9 Billion people aren't a huge number? why there's still no massive adoption since the price is still around $20K?

With this analogy I disagree for your thought of more people = more adoption, because not all people will buy Bitcoin especially they live in a country where Bitcoin got banned.

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[1] https://www.worldometers.info/world-population/

maybe what you say is true, because I have seen and heard a lot of people's responses about the reasons they use bitcoin, the reason there are some people who think bitcoin is a better medium of exchange than credit cards, because they consider bitcoin more secure and user privacy more secure, and consider transactions to be faster with low fees, decentralized and many people consider bitcoin a very valuable investment and asset. so it is possible in the future the demand and bitcoin enthusiasts will be higher.

No, you didn't.
And the reward has nothing to do with more people joining the network, it's a protocol in the system; every 210,000 blocks, the coinbase reward is halved and it is currently at 6.25BTC. You might want to correct the OP.

Use of Bitcoin does not reduce cost of living. Bitcoin barely impacts the economy of a Nation, and cannot directly impact the life of holders, simply cause they hodl.

The number 2 point is the most practical. But Bitcoin is already very popular, and I would not be expecting a demand shock due to increased population, which happens gradually overtime.

Bitcoin does not create new jobs either.

You've started with outdated information (which I see it was corrected by aothers), then came up with a relation that doesn't exist.
Most of the world doesn't know and doesn't care about bitcoin. And they can spend their money just as good.

If bitcoin adoption will rise, it will happen because more will trust it for investments, or more businesses will accept bitcoin as payment method. At this point the size of the world population doesn't matter in this equation. And whether this will change or not in the future we don't know, and neither of the linked things doesn't give a clue in that matter.

So sorry, all this is your wishful thinking.

I also doubt that half of the population has mains water or electricity that they pay for maybe also food in quite a lot of cases if they can source it locally by foraging or having inherited livestock.

Filtered clean water isn't a necessity to life and might not be available in a lot of places. Electricity is likely available even less than water is and food as it's much less important and requires more infrastructure (like generators).

How so? Maybe you could say that people who are bullish on Bitcoin will instead buy bitcoin instead of mining it if it's the case that electricity becomes more expensive, but the effect would be too minuscule to have a significant effect on the markets.

Yeah it reduced as much people joined the network, I clearly stated it.

About 10+ million people use Bitcoin daily, now imagine the high rate of adoption Bitcoin would get by 2050 when the world population increased from 7 billion to 9 billion as predicted. As the population increases the adoption increases as well, high adoption would have an impact in the following ways;

First, the increased use of bitcoin could reduce the cost of living for some people around the world. This would lead to an increase in standards of living for those who have access to this new form of currency.

Second, the popularity of bitcoin could lead to an increase in wealth among those who own it. If you can invest your money in bitcoins and make a profit, then you have more money than ever before!

Third, there is also a possibility that new jobs will be created as companies begin accepting bitcoin payments.

I think it's not. Bitcoin is only an alternative instrument, not the only condition for obtaining basic necessities. The increasing demand for necessities even means lowering the value of any currency including bitcoin. This is an analogy of currency in general as a medium of exchange for goods.

Outdated figures.
The current coinbase reward on each completed block is 6.25BTC.
It stopped being 25 after the halving in 2016.

The difficulty level can increase or decrease with each difficulty adjustment, depending on how the hashrate increases or decreases.
The average time was always designed to be 10 minutes for each block.

This is a reach in my opinion. Bitcoin is barely being adopted by the approximately 8 billion people on Earth now. And of those who have adopted it, it's not utilized much for purchases of daily needs. An increase in population, would not significantly impact demand, unless there is a rise in adoption.

Brief Background

Bitcoin is a digital currency, which means that it is backed by no central bank or government. Bitcoins are created through a process called mining, in which computers solve complex equations to verify transactions. The first miner to solve the equation successfully gets rewarded with 25 6.25 bitcoins.

The difficulty of solving the equations increases over time, so it takes more time for each computer to find solutions and verify transactions. As more people join the Bitcoin network, it becomes harder for each computer to be successful at finding solutions and verifying transactions. This causes the average time it takes to solve an equation to increase from 25 seconds in 2009 (when the first Bitcoin was created) to 10 minutes today.

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



The rate of increase in the world's population is a topic of great concern. The United Nations has forecast that there will be 9 billion people on Earth by 2050, and some experts believe that the rate of increase could be even higher than that.

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.

The reason for this is that when there are more people in the world, there will be more transactions taking place. This means that there will be more money being spent on goods and services than there was before.

Bitcoin is great because it allows people to make transactions without having to rely on banks or governments. When you use bitcoin instead of traditional currencies like the dollar or pound sterling, you can send money anywhere in the world instantly and cheaply without needing an expensive bank account or visa card.

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