Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is NOT mathematically limited to twenty one million bitcoins
by
FiniteKez
on 31/07/2017, 17:36:43 UTC
Again I'm not asking for support to raise the cap, I'm just pointing out it could be raised and that we should stop referring to it as some aspect of Bitcoin that is mathematically limited by fundamental laws of the Universe because its not, its consensus limited.

Its a "fundamental principle" of the Bitcoin community yes, its  strongly held as one of our core tenets. But it could still be changed. So stop saying its limited without pointing out what its limited by.
Other things about Bitcoin irk me too, like the wallet should be called a key chain. Bitcoin is inflationary not deflationary. Or how 60% of all bitcoins have never been spent and are likely lost forever But no one takes this into consideration when calculating the market cap of Bitcoin.


It just irks me and I'm pointing it out.

Currently bitcoin is limited to a total number by the rules of math and code. Yes, if you could get everyone to agree to change the code then the limit could be increased. Hell, if you could get everyone to agree we could change the code so that every block required a cat gif be attached. Literally any part of bitcoin could be changed with enough support, but we assume these things as reasonably core tenets since it seems unlikely for them to change. So the bigger question is why would we ever want to raise the cap?