Re: Will the need to increase BTC's max supply arise in the future?
For long, Bitcoin has been touted as the "store of value" of the crypto/Blockchain space with its limited supply of 21 million coins. Based on estimates, all Bitcoin will be mined by 2100.
Do you think that the need to increase BTC's max supply will arise in the future? Or will Bitcoin be able to "live" just fine with a max supply of 21 million coins? Your input will be greatly appreciated.
Do you think that the need to increase BTC's max supply will arise in the future? Or will Bitcoin be able to "live" just fine with a max supply of 21 million coins? Your input will be greatly appreciated.
As for this specific problem (if we can call it that at all), is exactly what we have today embedded in the human value system - millions have actually become too small on that scale, so some are asking why 21 million BTC will not be enough for everyone - which again leads us to the misconception that everyone should have at least 1 BTC - or that it is not possible to buy less of that amount.
When we talk about the last mined block, it should happen around the year 2140, but most forget the fact that in 10 years the percentage of mined BTC will be 99%. For more than 100 years, the total number of BTCs that will remain available for mining will be around 210 000.
I think the opinion of the majority (and mine personally) is that some basic things should not be changed and that they should remain as Satoshi programmed them. Any change in terms of increasing total supply would only be negative.