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!
Considering the nature of the entire cryptocurrency network and the blockchain platform, its quite easy to change the total supply of bitcoin but doing that will go beyond the intended purpose for the creation of bitcoin and the principle of scarcity. Also, the value of bitcoin might be down graded when the total supply of bitcoin is changed.