I have studied the Bitcoin's white paper which is generally and fashionably called the Bible of bitcoin.

Well, I've been thinking lately about some of the fundamental principles of Bitcoin as stated on the Bitcoin bible authored by Satoshi Nakamoto.

 If I'm given the permission by Staoshi Nakamoto to innovate or change something in bitcoin. Here are the two things I'll do and the reason why I'll do them.

1. I'll increase the Bitcoin supply to be pegged at possibly 30million and the date for the last mining will still be 2140.

 The reason is simple. I feel the supply of Bitcoin at pegged 21m will be too limited for the global economy.

2. Adjusting the Bitcoin Halving. The Bitcoin Halving is currently in every four years were the reward of miners is halved. I'll now adjust make it every  8years.

That means after 2020 halving the next one will be in 2028.
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The reason is this. The Bitcoin blockchain is working and running effectively because miners are working to maintain the ledger. Therefore, I want their reward to be sustained for a long time before the era of payment of transaction fee.

What do you think will be the effects of the Proposed changes to the bitcoin ecosystem?

What'll like to change in bitcoin fundamental principles if permitted by Sataoshi Nakamoto?



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