Quote from: Magic Sarap on May 16, 2018, 05:22:42 PM

Quote from: AgentofCoin on March 22, 2017, 03:22:35 PM

Quote from: pawanjain on March 22, 2017, 04:50:25 AM

I am not sure that this section is right to post my thread .
my question is :
since it was already fixed by the bitcoin owner network that 21 millions bitcoin can exist in the whole internet
But now I heard that now the mining of the bitcoin will be unlimited , I mean unlimited bitcoin will generate by the bitcoin network .
If this is real news then the value of the bitcoin will go down speedly
It is because the supply is unlimited so it is simple to say that bitcoin price will no more increase rapidly ., so no more profit

what's your thought guys Huh

Bitcoin Unlimited does not increase the number of coins.
Under this new client, there will only be 21 million coins. The reason why it is
called unlimited is because it allows the potential to create a block that has more
transactions in it. Current protocol has a limit of 1MB. This new client can be 1MB
to unlimited, if the network participants wish it to be so. Bitcoin Unlimited does not
increase coin supply.

Also, this thread was posted in the wrong section. Please move this to "Bitcoin
Discussion" or "Beginner Section". On the bottom left of your thread, there is move
button where you can move your thread to those sections. This is the Legal Section
and your question does not pose any legal aspect.

Yes thats true, theres a possible that the price of the bitcoin will rapidly down because of the unlimited mining!

As far as I know you cannot create nor destroy bitcoin in your own so there no basis that unlimited mining is means unlimited unlimited supply.