Post
Topic
Board Bitcoin Discussion
Re: Should bitcoin be limited to 21 million?
by
ralle14
on 24/03/2019, 21:50:13 UTC
Agreed to that. Dev should not add any more supply and leave bitcoin at 21 million cap. If the last block is mined then bitcoin will be rarer and its price will significantly gain value. I think that adding more supply will kill bitcoin and it will just be another flooded coin in the market.
You only looked at the bad side of having an increased supply. In return the network is less vulnerable to attacks if there's more bitcoin to mine.  

Exactly! The 21million capped supply of Bitcoin is its saving grace. I bet you bitcoin won't remain the same once as little as 100 more is added to it. It will nose dive to its death. It's a trust thing. Hodlers and investors don't take such things easily. They feel betrayed. We have seen coins suffer for this additional supply and we have seen coins appreciate once unsold are burnt after ICOs. Bitcoin won't be any different.
Adding a hundred is not a big deal imo if it's reasonable enough to do it but I hope there's a better solution.