Somewhat off-topic but this made me think of what it would be like if bitcoin becomes as wide spread as cellphones and internet.
In my mind it is still a binary outcome: succeed or fail.
If all bitcoins in existence at the moment gets divided and distributed equally to the world population then everyone would get:
13 410 950 / 7 125 000 000
= 0.00188224 BTC
= 1 882.24 bits per person
Global "wealth" apparently: $263 000 000 000 000
population 7.125 billion
263 000 000 000 000 / 7 125 000 000
= 36 912.28 $ per person
Some news headlines recently:
Woman working 4 jobs to make ends meet dies while napping in car between shifts
Richest 1% own 50% of world wealth- Credit Suisse report
From same report:
Prediction for 2019 is global "wealth" of $369 trillion.
369 trillion/ 14 million
= 26 357 142.85 $/bitcoin if all $ replaced by bitcoin in 2019
= 26.36 $ per bit
Did I do the math right?
It doesn't seem right but I can't find my mistake.
Bitcoin will never remove all other currencies. Only LTC have few % of BTC market cap. There are many other so called alt coins that will have huge markets and there are at least 100.000 other digital currencies existing in some games or in some other places on net. Then there is lots of different currencies in real world, Countries, cities, companies, organizations. Each have something.
If Bitcoin will at any point hold 10% of global "wealth" it will be huge succeass