Post
Topic
Board Bitcoin Discussion
Re: Will the need to increase BTC's max supply arise in the future?
by
pooya87
on 08/08/2020, 03:34:46 UTC
For long, Bitcoin has been touted as the "store of value" of the crypto/Blockchain space with its limited supply of 21 million coins.
bitcoin is a currency that can work also as a store of value. if it were only a store of value then 1 million coin would have been more than enough!

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Now, what if developers decide to increase that hard cap in supply?
bitcoin is decentralized so the community must decide not the devs.

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By then, developers would need to raise the limit of 21 million coins to a higher value,
if price couldn't rise and it were causing problem for miners to make profit, raising the supply would crash the price and that new reward would be worth a lot less than what they were given before the stupid decision!

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Do you think that the need to increase BTC's max supply will arise in the future?
not because of miners reward, that's for sure.