Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

I don't necessarily disagree with you that there will be people that want more than 21m coins.

An argument like that will never be presented "we want more coins and high inflation for the lolz".

It will be presented as "we want cheap txs".... Arguments like "People want cheap txs, who are you to stop that".... Populist bullshit like "bigger blocks" and the "dangers" of "fullblockalypse".

There is no comparison between a hard fork to raise the blocksize and a hard fork to increase the 21 milion cap on supply. The former is a minor property that almost everyone agrees will need to be changed at some point. I owned Bitcoins for years before I even know there was a max blocksize. I knew of the 21 MM limit before I bought my first coin.

A slippery slope argument is a logical fallacy. https://en.wikipedia.org/wiki/Slippery_slope

Dude increasing the 21 M limit and increasing the block size is the same thing.

What? Whaaaaaat?
I'm clearly not aware of that! What are you talking about? What's the link between block size and coins cap?

It is called instigating a _precedent_, changing a protocol parameter such as the 21M limit is 1 line of code, just like the blocksize limit.

Anyway, glad to see that such governance coup is impossible and that nobody, not even core can do anything about it.

Ah ok what he means is not that block size would mean more than 21millions coins but just that both are an important part of btc that shouldn't be changed.

So what do you do about the increasing adoption then? You just stop people from using btc?

Bitcoin will still be there and usable only that it will stop from increasing in volume. Usability wise, bitcoin is not being used in a major way yet. Most of the coins are kept and simply traded with USD/BTC. The increase in demand while the supply is not will make the bitcoin price go up but that won't happen in the near future yet so there are so many things that could still happen.