Bitcoins (BTC) has a maximum supply of 21 million coins. Lets say as some people predict on a future date a Bitcoin hits USD $1,000,000. During this scenario, is there any chance that someone can change the software program that restricts the supply of Bitcoins to mine more coins. Can someone give technical details if possible.
Thank you!
vnck25
It would require a fork, which is something that anyone can do but no-one has to use if they don't want to. This is the same thing for Bitcoin; people can make forks which change the supply from 21m to 21 trillion Bitcoins, but it doesn't mean that anyone has to actually use whatever is on that blockchain, and they won't be able to use those extra coins unless there is someone that they can send the Bitcoin to.
It is impossible to change the supply without the community knowing, essentially. And the markets would be able to react accordingly, such as crashing because the limited supply no longer exists.