Post
Topic
Board Bitcoin Discussion
Re: How difficult is it to change total bitcoin's 21 million suppply?
by
Nadziratel
on 17/08/2019, 11:56:50 UTC

What kind of process have to go through? Who make the final votes? I guess the change is similar to implementing BIP.

I heard many posts here said "Economic Majority" vote decides. Does this mean who hold the most bitcoins decide? Maybe not. I guess BIP is determined by Bitcoin Core developers, so the total bitcoin supply (21 million) is also determined by Bitcoin Core developers.

Also, the argument against the "Economic Majority" is it is often the case we can't find holder for the addresses with a lot of bitcoins. How can we contact them for vote?

Thank you indeed!

This has nothing to do with difficulty. The number of Bitcoin is limited to 21 million units.

But we can think of this as an illusion. There will be 21 million pieces of bitcoin, but it can also be evaluated with 8 decimal places. So the total number of 21 million * 100 million can think. Thus, the monetary value can be called 1 satoshi.

Don't take it serious what total number of BTC is. Think about its value, its tech, its development...