Good morning
Reading about bitcoin, I've found that there is a maximum of BTC that can be mined: 21 milions
It is said that this limit is due to the source code.
As probably you know more than I do about BTC:
- is it a real limit
- is it a good thing? I think it is but it looks like BTC will become more a commodity and not just a payment system
What do you think?
Yes,21 million coins is the real limit and it could not be changed.It only ensures bitcoin to be free from inflation unlike paper currencies.People rush to buy bitcoins as 16.5 million coins were already mined and available now.Only 4.5 million coins yet to be mined.Even after 21 million coins get mined and still demand exists,then satoshis could be used since bitcoin is divisible in to eight decimals.