Post
Topic
Board Bitcoin Discussion
Re: Maximum supply of Bitcoins : Can it be changed? If not why?
by
AmXProX
on 26/11/2017, 00:10:48 UTC
Yeah it can, But i'm pretty sure it will just be forked instead.

Forked coins are not bitcoin they will never be included in the supply of the coin.

Bitcoin is that has that limit to 21 million yes the max supply can changed but If that will be changed , immediately the community will invest in other coin like eth or ltc and this bitcoin will be die .


Why would the community invest in other coins if those coins are different from the purpose of bitcoin? Besides bitcoin has 8 usable decimal units so if the price really goes high then a fraction of bitcoin is enough to make a purchase.

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

Every OP saying that the change of limit of bitcoins needs hardfork are right. Some do want this kind of change for newbie chances in the industry. But we should realize that once that such change happen, bitcoin will be limitless meaning prices could drop anytime of the day and would be hard to make it rise. The decrease in stock makes the prices high and that would go the opposite way.

How would forking bitcoin change the limit of the supply if the forked coin will also have a limit of 21 million? Adding a to b will not be possible since the original coin is different from the forked coin or even two forked coins are different.