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
This is possible to happen through hard fork that will change the block structure and increase the total amount of Bitcoin supply. But I think it is very unlikely to happen because it requires the consensus of all Bitcoin community and all old nodes should upgrade to new one. It is similar to what Segwit2x hard fork want to happen they want all Bitcoin nodes to disappear and replaced by Segwit2x nodes but since people didn't want to support it, it didn't happened. The difference is they don't want to increase the total supply. And personally I think that expanding the total supply is not a good idea.