Post
Topic
Board Bitcoin Discussion
Re: Bitcoin does not have limited supply
by
randalmelnik
on 02/12/2018, 13:58:12 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 )

Guess what, you can create your own paper money, too. Then see how many people will care.
Creating another fork of Bitcoin does not increase the supply of Bitcoin. It just creates another fork that nobody will use or care about.