Post
Topic
Board Economics
Re: Satoshi Nakamoto should be richer than Bill Gates.
by
hase0278
on 23/04/2017, 14:20:39 UTC
Why he cant just generate indefinite amount of bitcoins for him and exchange it to real cash, right? Any thoughts?
The moment Satoshi would do this (the problem is that he won't quite be able to do it, but let's forget about it) the value of bitcoins would plummet to...guess what 0.
This is the basic selling point of bitcoin , limited supply.

Once we mess with this it's just like printing fiat.
It would be like fiat yeah and I think it wouldn't have the same glory it has now, it will just be like the others, a shitty altcoin with a low price. It wouldn't be the crypto-currency king if bitcoin creator can generate many bitcoin in the first place. Bitcoin without the limited supply would not be the bitcoin we now know if the supply numbers will be changed.