Excuse-me, but why should everybody have bitcoins?
There are Ferrari cars, there are houses with a swimming-pool, but most people don't have one. There are hundreds of millions people who don't have enough food each day. In Africa and India, there are millions who don't have shoes.
So forget the question, it's totally irrelevant.
Topic: Will there be enough of bitcoins for everyone? (Read 1712 times)
i don't have a habit of feeding trolls, that's all i'm saying.
I dont think there's enough.
Why not?
I dont think there's enough.
More people have access to the Internet via cell phones worldwide than have access to a flush toilet.
Untrue. I know there is a dailymail article which made a similar claim, But there is a flaw in the article and your statement is not the same as dailymail's.
First of all, It's true that there are 6 billion mobile subscription in the world. But it does not necessarily indicate that 6 billion people held each subscription.
In case of United States, There are 321.7M wireless subscriber as of JUN 12. And guess what? There are only 313,914,040(est) people in the US as of 2012.
And It's not a rare event. In Hong Kong, There are over 13 million wireless subscriber(2011) but the population of Hong Kong barely exceeded 7m(2011).
Therefore, The number of actual phone holder must be quite lower than 6 billion. It could be lower than 4.5 billion which is the number of people who have an access to flush toilet.
Really? So your logic is that, since there are non-zero percentage of wireless subscribers in the United States and Hong Kong (many of which are held by regular business travelers, not residents) then it's reasonable to assume that enough common Africans with a cell phone maintain more than one phone number? Do you maintain more than one cell phone subscription?
Fiat currencies are suiciding, we don't have to defeat them, they are already ruining themselves.
https://bitcointalksearch.org/topic/does-a-miner-choose-which-transactions-to-include-in-a-block-168176
Most fiat currencies issuers have at least 5 more ways to destroy bitcoin completely.
If they want to destroy it, Bitcoin will be done. Bitcoin is alive because they don't care for now and that's because bitcoin is nothing for now.
False.
Read the link.
I did. It's false.
Stop and think, young man. 5 volts at half an amp, or 2.5 watts. A standard bike headlight is about 3 watts, whatever shall we do???
It's not widely accepted. Can you make a claim that most of the people who doesn't have an access to electricity have those kind of bicycle-powered charger?
Of course you cannot. Therefore, there are still electricity related issues out there.
Issues, sure. You think small.
some people have made a business out of using a solar panel to charge phones for others.
Think about cell tower. It's very common that people don't have an access to electricity because their closest electricity line is at least 20 miles away. And in this case, There will be no power to activate the cell tower they need. Powering it up by solar panel? Hello? Their governments don't have money to spend on electricity line.
If you're waiting for governments to provide for infrastructure, you'll be waiting a long time. And yes, a minimalist cell tower could be powered by solar alone, but most of them usually have a small genset at well. If you want to see how wireless communications can actually work in distant places, do some research on how the US miliatry does it. I used to build these things. It's not trivial to establish and maintain a 100 kilometer link, but nor is it beyond reach.
More people have access to the Internet via cell phones worldwide than have access to a flush toilet.
Untrue. I know there is a dailymail article which made a similar claim, But there is a flaw in the article and your statement is not the same as dailymail's.
First of all, It's true that there are 6 billion mobile subscription in the world. But it does not necessarily indicate that 6 billion people held each subscription.
In case of United States, There are 321.7M wireless subscriber as of JUN 12. And guess what? There are only 313,914,040(est) people in the US as of 2012.
And It's not a rare event. In Hong Kong, There are over 13 million wireless subscriber(2011) but the population of Hong Kong barely exceeded 7m(2011).
Therefore, The number of actual phone holder must be quite lower than 6 billion. It could be lower than 4.5 billion which is the number of people who have an access to flush toilet.
And most of 6 billion phones are not even smartphone. A cumulative smartphone sales figure won't pass the 2 billion bar in this year. In other words, there are at best 1-1.5 billion people who have a smartphone and internet connection service provided by network operator. Plus, there are some people who has a phone but not a computer especially in underdeveloped countries, but computer owners usually have a phone nowadays.
Therefore, a number of flush toilet user must be 2-3 times higher than a number of internet users.
Fiat currencies are suiciding, we don't have to defeat them, they are already ruining themselves.
https://bitcointalksearch.org/topic/does-a-miner-choose-which-transactions-to-include-in-a-block-168176
Most fiat currencies issuers have at least 5 more ways to destroy bitcoin completely.
If they want to destroy it, Bitcoin will be done. Bitcoin is alive because they don't care for now and that's because bitcoin is nothing for now.
False.
Read the link.
Stop and think, young man. 5 volts at half an amp, or 2.5 watts. A standard bike headlight is about 3 watts, whatever shall we do???
It's not widely accepted. Can you make a claim that most of the people who doesn't have an access to electricity have those kind of bicycle-powered charger?
Of course you cannot. Therefore, there are still electricity related issues out there.
some people have made a business out of using a solar panel to charge phones for others.
Think about cell tower. It's very common that people don't have an access to electricity because their closest electricity line is at least 20 miles away. And in this case, There will be no power to activate the cell tower they need. Powering it up by solar panel? Hello? Their governments don't have money to spend on electricity line.
Don't forget that 2 billion people do not even have access to electricity, let alone Internet..
More people have access to the Internet via cell phones worldwide than have access to a flush toilet. Access to electricity is not a pre-requisite.
Correct. But all those cell phones need to be charged somehow.
Stop and think, young man. 5 volts at half an amp, or 2.5 watts. A standard bike headlight is about 3 watts, whatever shall we do???
http://www.youtube.com/watch?v=-p20hxRVj5c
Of course there are already existing infrastructure for charging phones, as some people have made a business out of using a solar panel to charge phones for others.
http://www.technologyreview.com/view/428569/solar-charger-made-for-africa-coming-to-the-us/
And using a cell phone to send money isn't even a foreign concept to Africans as much as it is to Americans...
http://en.wikipedia.org/wiki/M-Pesa
Therefore, you're argument is invalid.
Fiat currencies are suiciding, we don't have to defeat them, they are already ruining themselves.
https://bitcointalksearch.org/topic/does-a-miner-choose-which-transactions-to-include-in-a-block-168176
Most fiat currencies issuers have at least 5 more ways to destroy bitcoin completely.
If they want to destroy it, Bitcoin will be done. Bitcoin is alive because they don't care for now and that's because bitcoin is nothing for now.
False.
Fiat currencies are suiciding, we don't have to defeat them, they are already ruining themselves.
https://bitcointalksearch.org/topic/does-a-miner-choose-which-transactions-to-include-in-a-block-168176
Most fiat currencies issuers have at least 5 more ways to destroy bitcoin completely.
If they want to destroy it, Bitcoin will be done. Bitcoin is alive because they don't care for now and that's because bitcoin is nothing for now.
Don't forget that 2 billion people do not even have access to electricity, let alone Internet..
More people have access to the Internet via cell phones worldwide than have access to a flush toilet. Access to electricity is not a pre-requisite.
Correct. But all those cell phones need to be charged somehow.
If you do not like 0.1 BTC call it 100 mBTC then, or if you really want to feel rich call it 100,000 uBTC!
Why such a half measures? Call it 10M satoshis! Feel like a millionaire!
I'm pretty sure most of us will be dead until all bitcoins have been mined. And all those great minds will come up with a solution when the prices for Bitcoins skyrocket like crazy.
Don't forget that 2 billion people do not even have access to electricity, let alone Internet..
More people have access to the Internet via cell phones worldwide than have access to a flush toilet. Access to electricity is not a pre-requisite.
The problem with Bitcoins (v1) is a few people have most of the supply. Much like fiat in the real world 
LiteCoin (v2) is fairer, in that people who can build FPGAs/ASICs cannot gain an advantage in mining speed
I'm thinking (v3) needs to have a in built peer-2-peer exchange too.
The Money Revolution has only just started, and like the car, it's not going to stop with the Ford Model A
LiteCoin (v2) is fairer, in that people who can build FPGAs/ASICs cannot gain an advantage in mining speed
I'm thinking (v3) needs to have a in built peer-2-peer exchange too.
The Money Revolution has only just started, and like the car, it's not going to stop with the Ford Model A
Don't forget that 2 billion people do not even have access to electricity, let alone Internet..
More decimal places can always be added i would think so yes
Get real, you won't defeat fiat currencies, forget about it. Invest in crypto, play your cards right, and make a profit, then turn that profit into fiat and give yourself a treat (or if you were smart and lucky enough to make a big investment, live the good life), cryptocurrencies won't overthrow fiat, not in our lifetimes, but cryptos are a good way of making an easy profit, it doesn't takes a genius to know you have to buy low and sell high.
Fiat currencies are suiciding, we don't have to defeat them, they are already ruining themselves. If you do not like 0.1 BTC call it 100 mBTC then, or if you really want to feel rich call it 100,000 uBTC!
While that's definitely better, good luck getting most of people on this planet to follow without having to google the conversion every time ;-)
Get real, you won't defeat fiat currencies, forget about it. Invest in crypto, play your cards right, and make a profit, then turn that profit into fiat and give yourself a treat (or if you were smart and lucky enough to make a big investment, live the good life), cryptocurrencies won't overthrow fiat, not in our lifetimes, but cryptos are a good way of making an easy profit, it doesn't takes a genius to know you have to buy low and sell high.
If you do not like 0.1 BTC call it 100 mBTC then, or if you really want to feel rich call it 100,000 uBTC!