Post
Topic
Board Bitcoin Discussion
Re: Is BItcoins supply infinite??
by
serjent05
on 26/05/2019, 11:58:45 UTC
Well why i said this was because a YouTuber called TOne Vays argues that ethereum is garbage because it doesn't have a hard cap.

Bitcoin doesn't have a hard cap to us either because we won't be around by the time the last bitcoin is being mined.

It doesn't matter if something has a hard cap of 21 million, 3 trillion or no hard cap at all.

Its like saying we run out of water in the year 2500.
So no matter what anyone will do we never run out of water. it will be around till the year 2500.

Same as with gold, we know that there is a finite supply of gold on this planet BUT knowing what technologies we have available for gold ming we can say that we will never run out of finding gold n that planet- saying we have an infinite amount of gold.

Like money- we might not personally have an infinite supply of money but the supply of money is still infinite.

So my point is BItcoin, Ethereum and Gold all have an infinite supply and are being created infinite at least during our lifetime and even people born 50 years from now will never be able to run out of ming neither gold nor bitcoin nor ethereum- its a fact



No one can argue with you since you used infinite in subjective way.

Quote
OBJECTIVE AND SUBJECTIVE CLAIMS

An objective claim is a statement about a factual matter-one that can be proved true or false. For factual matters there exist widely recognized criteria and methods to determine whether a claim is true or false. A subjective claim, on the other hand, is not a factual matter; it is an expression of belief, opinion, or personal preference. A subjective claim cannot be proved right or wrong by any generally accepted criteria.
http://www.butte.edu/departments/cas/tipsheets/thinking/claims.html

Most of the answer here is objective so both idea will never meet whatever explanation from both side is.  This will just create an endless discussion and won't end.