Quote from: BlueSword on November 18, 2017, 11:57:33 PM

Quote from: vnck25 on November 18, 2017, 09:07:01 PM

Lets say as some people predict on a future date a Bitcoin hits USD $1,000,000.

Then the smallest unit of bitcoin (1 satoshi) would be worth $0.01. It is possible to hard-fork Bitcoin to allow further subdivisions; this would be far less controversial than increasing the maximum coin supply.

personally, id support this solution far more than raising the coin cap; it might get to be a headache counting the decimal places and such, but the 21 million cap was made so curb inflation and keep a stable amount in circulation. now, in macroeconomics, currency must be injected and taken out of circulation on a regular basis to accommodate for economic trends, but i think this would lead to a bitcoin bubble. now, i would accept an increase in the coin cap, if the coin reward was adjusted proportionately to match, effectively capping the market at a similar point in time, but this would also lead to the devaluation of the current coins in circulation; not much for that idea.