Post
Topic
Board Economics
Re: Bitcoin halving to be canceled?
by
SebastianJu
on 27/11/2015, 14:03:22 UTC
I'm against the halving too. I think all major pools should fork bitcoin to not-halving version which will be supported in the future to maintain miners profits.
I don't see why you want to do that at all? Lower supply means higher demands for bitcoin so the price will increase which pumps the price of it

The falsity of this assumption has been explained many times already (me included). Quoting myself again:

I think he refers to inflation and deflation. Stopping block reward completely would mean there would be less bitcoins in existance than the targetted 21million. Which would be deflation and would raise the value of each bitcoin. Though when you produce more bitcoins than 21 million then it would mean inflation. It's the same when the central bank of a country starts to produce more and more fiat money in order to pay their bills. The total worth of each currency unit would effectively diminished the more they print.