Post
Topic
Board Economics
Re: Fixed amount vs. infinite coins
by
cengat
on 18/08/2020, 07:46:03 UTC
Except Satoshi Nakamoto will defreeze his million BTCbitcoinBTC there is no chance for bitcoin to became real payment alternative to 100 of fiats and inbetween 3000 alternative coins, some with infinite supply.
I was thinking the same thing recently. Even tho bitcoin's limited supply makes each sat worth more - it immobilize it and won't let it be freely distributed and exchanged among people.
So the question is - is the mechanism of making altcoin being harder to mine as we mine into the depth of it will be able to handle and cut the demand enough so it won't become worthless overtime?