Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Bitcoin Discussion
Re: Is bitcoin creators able to increase the limit of the number of bitcoins?
by
coolfunjnx
on 30/05/2015, 21:34:34 UTC
Quote from: MakingMoneyHoney on May 30, 2015, 05:08:50 PM
Quote from: MicroGuy on May 30, 2015, 02:16:37 PM
Quote from: coolfunjnx on May 30, 2015, 12:23:51 PM
Hi guys I'm just wondering is bitcoin creators able to lift or increase the limit of the number of bitcoins which can ever be produced(21,000,000)?

When you answer, if possible please also let  me know how sure are you about the answer.  I need some advise on this. Thanks.

The correct answer is, "Yes". Not only can this number be increased, I believe that sometime in the future it will be increased.

Why do you think it will be increased in the future? I'm sure some people out there would not want to buy into bitcoin based on believing that alone. Would you be ok if it was increased in the future?

Regarding the reason I think bitcoin creators might increase the limit, it's because if they do, can't they can make a lot of money by doing so? Can they just introduce a number of bitcoins into their own wallets etc?