Post
Topic
Board Bitcoin Discussion
Re: Bitcoin does not have limited supply
by
chocolah29
on 02/10/2018, 13:50:14 UTC
The argument is again and again that the value of Bitcoin will increase because supply is limited to 21 million. But this is quite simply wrong. Every time Bitcoin is forked that is in real terms an expansion of the Bitcoin currency beyond 21 million. To some degree the same is true of alternative crypto currencies which will flood the market. There is already more than 1000 cryptocurrencues ( https://en.wikipedia.org/wiki/List_of_cryptocurrencies )

Th forking (or absence of it) does not effect Bitcoin's supply. At best, you can consider it as a "gift" to all bitcoin holders, which will increase the overall worth. It in no way impacts the overall supply of 21 Mn, which is set in stone.

That is precisely my point. I create "Bitcoin2" by forking. Then I create "Bitcoin3" and so on and so on. In reality what I am doing is issuing more Bitcoin. That I call it a different name does not change the reality.

Even there will be a thousand bitcoin fork it even doesn't affect the 21M supply, as obviously the fork coin have different supply and besides those fork coins is already consider an altcoin.

Well I think the argument is more clear, stop dreaming that those fork coins can replace bitcoin on its position, even they claim that they're more faster and low trnx fee, and that's BS.