Post
Topic
Board Development & Technical Discussion
Re: By what mechanism the total quantity of bitcoin is limited to 21 millions?
by
bitpeepcom
on 09/09/2017, 11:35:58 UTC
I was thinking why is it only 21 millions and there are more or less 16 millions left to be mined? Why don't we have an unlimited supply so everyone including myself can mine atleast 1BTC in the future? Reading your comment made me realize that this is a market, the law of supply and demand still applies. There should always be a limit and difficulty in having one btc so that its value goes up.



Roughly 16 Million coins are already mined..