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I think it is important to note what sin is, when speaking of paying for it.
1Jo 3:4 “Whosoever committeth sin transgresseth also the law: for sin is the transgression of the law.”
Jesus fulfilled the law. He lived his life, experiencing every kind of temptation, without giving in to sin, and then was murdered, thus paying for the “transgression of the law.” He nailed that part of the law to his cross. We still have consequences for our sins, and we still get sick and die. God forgives sin.
Col. 2:13-14 “And you, being dead in your sins and the uncircumcision of your flesh, hath he quickened together with him, having forgiven you all trespasses; Blotting out the handwriting of ordinances that was against us, which was contrary to us, and took it out of the way, nailing it to his cross.”
We get forgiveness of sins (remission), through faith in his blood.
Ro 3:25 “Whom God hath set forth to be a propitiation through faith in his blood, to declare his righteousness for the remission of sins that are past, through the forbearance of God”
I don’t know if this really satisfies our understanding that he “paid for the sins of the whole world,” but I think that the scripture may not be saying that he was punished for each individual sin of each person that has ever lived. I just put this forth to you for additional perspective. You do not need to respond, but are welcome to, if you like.