Post
Topic
Board Bitcoin Discussion
Re: Bitcoin amount limit
by
myrkul
on 05/07/2011, 01:04:09 UTC
In a sense, Bitcoins do not actually have a limit.

If the market grows big, and more is printed you are essentially stealing from those who already hold bitcoin because you are diluting their coins.

But instead the decimal point can be moved over so that you have 10x the # of bitcoins, of course each bitcoin is now worth 1/0 of the original price.  This way we always have enough, but no one has their funds diluted.

Not quite. The decimal is never moved. 1 bitcoin will always be 1 bitcoin. but if we 'run out', we can start denominating prices in smaller increments. ie, .1 BTC instead of 1.0 Essentially, every bitcoin is now worth 10x more (at least at that store, there's no central bank deciding that)