Quote from: killat on May 03, 2019, 05:57:17 AM

Limiting Bitcoin to 21 million will definitely conserve its price overtime as this will avoid the hyperinflation.

Also, with less and less Btc remained to be mined and with new halvings coming, the rewards from mining should decrease and this will help the price, too. Basically, you mine less btc, but a more valuable one.

I never mentioned hyperinflation?

Inflation might be needed at some point in order to ensure bitcoin continues to live on. Think of what you've said, what happens if we end up with only 1 bitcoin left in 200 years (it's possible).

Quote from: TheUltraElite on May 03, 2019, 06:14:51 AM

Quote from: market-beta on May 03, 2019, 06:00:59 AM

if in my opinion it doesn't need to be limited bro. because the price of bitcoin is unstable and even soars it is very good. for investment either long term or short term.

I am really amazed at the lack of general concepts about Satoshi's ideology that people in this forum have started to express. Bitcoin was and is supposed to be made scarce day by day in order to make it a deflationary currency. That's how it was envisioned. You all should go through Satoshi's white paper once a while if you have never heard of it, yet.
The fact that Fiat is printable every when it's needed is one of the reasons of its current state. I don't understand why people are failing to understand these simple things. 21m is the golden number.

It's not deflationary either. It's inflationary at the moment still and will be until 2100+ it isn't particularly an issue for us but for our ancestors to determine what should happen.

Why is 21million so golden? If it were 100 million, I'm sure you'd be piping on about that. It isn't even 21 million since Satoshi has 1 million untouched and some blocks are without a coinbase or with a lower coinbase.

@TimeBits, gold is inflated, that's clear. That market will crash at some point. The UK and US governments own 1/5th of the amount of gold that has been mined and they both have sold more gold than they have.

Also, there is a lot of gold in places like the ocean, that could potentially be mined if we work out how to economically extract it.