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/biz/ - Business & Finance

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3660917 No.3660917 [Reply] [Original]

How does this work out? There are only 21 million possible bitcoins, out of 11 or 19 million owned by bitcoiners. Well, we are over 7 billion people in the world so even though bitcoins are divisible, this (((International Currency))) will not even allow each person on earth to have one bitcoin.

>> No.3660929

>>3660917

Why are you assuming everyone needs to own one bitcoin?

Most people have less than 1000 usd in their bank accounts.

>> No.3660937
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3660937

>>3660917

>> No.3660953

>>3660929
Well, it's less of a technical issue than it is an issue of appearance. It appears nobody will even have one bitcoin, like nobody has one dollar.
Why the hell not deal with fundamentals like satoshis? At least then it makes sense.

>> No.3660956

>>3660917
Why was currency backed by gold if everyone can't afford a bar of it.

>> No.3660962

And for all the poortards out there, mBTC now available

>> No.3660968

>>3660917
please just kill yourself, there's no need to let this continue.

>> No.3660971

>>3660956
Like everyone should have at least 1kg. A large, round number or gtfo, gold.

>> No.3661017

>>3660953
its just a stupid argument, what you're saying would be analogous to saying "why isn't all the money in the world equally divided among every person on Earth?" some people have $50 billion USD and other people are heavily in debt with negative USD.

>> No.3661118

>>3661017
No, it's like saying why don't we count in satoshis as opposed to bitcoins

>> No.3661251

Why do you guys think bitcoin will last???

There are so few...and the FBI owns a huge chunk of them.

In addition, whether you lke it or not..quantum computing will destroy our current version of crypto. Blockchain will evolve...but were dealing with cassette tapes when in the future we'll be dealing with MP3 players.

>> No.3661276

>>3661118

WE DO COUNT IN SATOSHIS

YOU don't because you're a double digit IQ newcoiner

>> No.3661279
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3661279

>>3661251
this

>> No.3661294

>>3661251
>Dont put your money in this because there will be something better at some unforeseen time in the future

What's the point of investing in anything then

>> No.3661309

>>3661251
>FBI owns a huge chunk of them
Where can I read more about this? Are you referring to the fbi confiscating drug dealer's bitcoins?

>> No.3661441

>>3660917
"one" bitcoin is just defined by a a coma placed on a series of numbers, we could decide tomorrow that there are actually 21 billions or 21 trillions bitcoins and just move the coma 3 units behind.

>> No.3661482

>>3660917
if it can be broken downwards, a cap is meaningless. even more so, the cap is just one fork away from being removed.