Post
Topic
Board Bitcoin Discussion
Re: What will happen after 21 million bitcoin have been mined?
by
franky1
on 04/10/2021, 13:40:30 UTC
A hard fork that would increase the coin supply.
There's no reason to ever increase the coin supply. Not-even-one. The system works currently with this circulating supply and any change in it would be consensus-ly irrational.


there is already alot of circle jerking in a certain group about increasing the supply but hiding such under a silly thing called millsat

at the moment 6.25btc is represented in binary as:
100101010000001011111001000000
which is actually 625000000 units of measure. thats the real hard rule for new coin production

the certain group want to make it 12 decimal bitcoin IE 6250000000000 units. but then shift the divider to still be perceived at GUI (user interface) level as 6.25btc

but at binary level it would then be:
1011010111100110001000001111010010000000000
allowing for 12 more 'halvings' meaning 48 more years of divide the units of measure before it cant divide no more

but essentially it just means pretending there are still 21mill 'bitcoin' even though there are 1000x more units of sharable value. and also breaking the rules of the binary limits and also the amount of halvings and such

all so that this certain group can destroy bitcoins trust of certain features never getting broke just to make bitcoin compatible with other altnets that should themselves change to fit bitcoin not make bitcoin fit them