Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
criptix
on 12/03/2015, 14:01:35 UTC

 - the difference between Doge and Bitcoin is that there isn't a cap to the total number of Dogecoins created,
 whereas Bitcoin will only ever have a max of 21m coins (unless the protocol changes).

Its nothing to do with the protocol - if it were then there may be some guarantees that this 21m cap will be concrete.

No, its simply an arbitrary value ( actually - its an 'operand') in the code that can be changed at any time without having any effect on previous, existing or future transactions.
So, in otherwords, where most 'protocol' changes would, at the very least, require a "hard fork", the change in the cap to 22M or 42M or infinite cap could be made in the next minor version release.

I dont know where people who are supposed to understand these things get the idea of a hard limit to bitcoin. Its only a 'guide' or estimate. It can change once enough people want it.

Its just one line of code!!

The 21 million cap, is as concrete as peoples trust in Bitcoin..... or rather peoples trust in Bitcoin is as concrete at the 21 million cap.

Nah, Peoples trust and use of bitcoin will be seperate to that cap. However, dreams of hlding a $32K or $4.4m Bitcoin are as concrete as an arbitrary line of code.

Also, the rules are pretty explicit in saying that this can be changed - with consensus. The move from 1mb to 20mb blocksize is technically far more complex.

really? Then ltc, doge and other alts would have already surpassed btc long time ago.

Check the whitepaper and why bitcoin was invented in the first place. You will then understand why the limit of 21 mil btc wont be changed