People like whole numbers! 
Topic: Will there be enough of bitcoins for everyone? - page 2. (Read 1712 times)
One thing is for certain, all the bitcoin markets will have to start trading in satoshis - otherwise, buying 0.0001BTC will feel like you are not buying anything at all, buying 0.1 bitcoin for 10 euros now already feels like a rip off People like whole numbers!
People like whole numbers! 
It is also not at all likely that BTC will become ubiquitous to the point of being used by everyone on earth, and exclusively. It is most powerful as a way to send money over the Internet, but local currency is here to stay.
There will be 2100000000000000 satoshis. Currently (at the time of this posting) there are 1099347500000000.
I figure that if bitcoin get's at least 10 percent of paypal's market we'll be doing pretty good. Plenty of bitcoins to go around for that. 
One thing is that not everybody will want to get bitcoins.
You can increase and decrease the amount of time a number can be divided. The next easiest way to divide BTC is with 16 zeroes, as opposed to 8. However, I am uncertain if this will cause a hard fork or not.
Despite 1 bitcoin = 100 millions satoshi, but it is still a finite amount and it can be lost forever. Will 7 billions of people, 1 person may be able to get only 140,000 satoshi. How we going to transect with such a small amount of currency?
Is this a serious question, or are you trolling here?
Interesting question OP. It seems like the code can be modified if necessary to support smaller units based on this thread: http://bitcoin.stackexchange.com/questions/122/will-we-ever-need-smaller-amounts-of-bitcoin-than-a-satoshi
Also, there doesn't need to be enough bitcoins for everyone in the world for them to have value. There's not enough gold for everyone in the world but it still has value as a currency. If there aren't enough bitcoins in the world, the gap will be filled with alternative cryptocurrencies, and the scarcity of bitcoin could even reinforce its dominance as the "gold" standard of cryptocurrencies because it has the most hashing behind it.
Also, there doesn't need to be enough bitcoins for everyone in the world for them to have value. There's not enough gold for everyone in the world but it still has value as a currency. If there aren't enough bitcoins in the world, the gap will be filled with alternative cryptocurrencies, and the scarcity of bitcoin could even reinforce its dominance as the "gold" standard of cryptocurrencies because it has the most hashing behind it.
Despite 1 bitcoin = 100 millions satoshi, but it is still a finite amount and it can be lost forever. Will 7 billions of people, 1 person may be able to get only 140,000 satoshi. How we going to transect with such a small amount of currency?
They are highly divisible up to 1/100,000 I believe.
The relationship could be like gold vs silver. Gold is for saving and silver for spending. Maybe another competing crypto currency steps in for everyday spending while Bitcoin is used more for larger transactions.
The relationship could be like gold vs silver. Gold is for saving and silver for spending. Maybe another competing crypto currency steps in for everyday spending while Bitcoin is used more for larger transactions.
There will eventually be 21,000,000 Bitcoins.
Each Bitcoin can (currently) be divided into 100,000,000 pieces, most often called "Satoshis"
So there are 2,100,000,000,000,000 possible "Satoshis" - enough to go around.
In other words we can deal with 0.00000001 Bitcoins or 1/100,000,000th of a Bitcoin.
Think I finally got the number of zeros correct... Tired...
They are highly divisible up to 1/100,000 I believe.
The relationship could be like gold vs silver. Gold is for saving and silver for spending. Maybe another competing crypto currency steps in for everyday spending while Bitcoin is used more for larger transactions.
The relationship could be like gold vs silver. Gold is for saving and silver for spending. Maybe another competing crypto currency steps in for everyday spending while Bitcoin is used more for larger transactions.
I am newbie.
It just keep me wondering if there is enough of bitcoins for everyone in the world?
We have 7 billions people.
With 21 millions BTC only...
And coins lost never get replaced...so over time it will only get less and less, once it reach below a certain limit, it just can't function as a currency anymore. If it does not function as a currency, what purpose does it serves?
So how it is logical for anyone to use it as a currency if BTC only decrease in number over time?
Please someone kindly explain to me...will appreciate.
It just keep me wondering if there is enough of bitcoins for everyone in the world?
We have 7 billions people.
With 21 millions BTC only...
And coins lost never get replaced...so over time it will only get less and less, once it reach below a certain limit, it just can't function as a currency anymore. If it does not function as a currency, what purpose does it serves?
So how it is logical for anyone to use it as a currency if BTC only decrease in number over time?
Please someone kindly explain to me...will appreciate.
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