Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is NOT mathematically limited to twenty one million bitcoins
by
bohr
on 28/07/2017, 23:42:44 UTC
Bitcoin is NOT mathematically limited to twenty one million bitcoins.

I do not support raising the cap at this time but if we had overwhelming support like we did for Segwit we could raise the limit to any number we could dream up.  

I would have no issue changing the code to allow a 1 bitcoin reward for every block forever... to ensure a strong distributed mining community.  

I understand this must sound like blasphemy to the majority of the community but it irks me to see such a false statement about bitcoin repeated over and over again in every Bitcoin youtube video out there; there has to be a better way to phase it.
In a way what you say makes sense but I do not think that is going to be supported by anyone that is invested heavily in bitcoin, that will only lower the value of their own bitcoin so in a way you are taking value from them and giving it to someone else and also if that happened then bitcoin will not be that different from fiat.