Post
Topic
Board Bitcoin Discussion
Re: BTC has too few coins to function as a global currency.
by
Carlsen
on 10/10/2016, 07:36:49 UTC
When I calculate correctly every person on this world could own 260000 staoshis in average, if all bitcoins were mined and the world population is about 8 billion people.
That does not sounds much at first, but of course a satoshi would be worth much more than today, lets say one dollar.
When a transaction has fees of 10000 satoshis, who would pay that?
Nobody I guess. That's why I say there are way too less satoshis to make bitcoin function as a global currency.