Post
Topic
Board Bitcoin Discussion
Re: Please, I urge you to buy bitcoin!
by
kryptqnick
on 24/04/2024, 17:40:15 UTC
^^^ With 8 billion people on Earth, that's (on average) 262500 satoshi's per person. Plenty enough to do business with.

Cool
I agree with this point in general, as it's truly a very reasonable average, so it's more of a matter of price of Bitcoin than of the need to divide Bitcoin beyond satoshis. However, sometimes we do have those very unfortunate periods when looking at satoshis can show that we may not have enough for everyone. Namely, we've seen the transaction fees spike recently. It's getting better now, but still, when one transaction costs you tens of thousands of sats, 262 thousand is suddenly not that much. We can hope that it won't be worth thousands of sats in the future, of course, but we do need to keep in mind that scalability remains a big issue.