Post
Topic
Board Bitcoin Discussion
Re: Problem with mass adoption of Bitcoin
by
taufik123
on 27/12/2022, 14:43:30 UTC
-snip-
If there's ever an issue with the distribution of coins, developers could easily propose increasing the supply for the community's approval. But that would defeat Bitcoin's purpose of being a deflationary cryptocurrency. No one can predict the future, so we can only hope for the best. Just my opinion Smiley
Increasing the supply of bitcoins will only give bitcoins new problems and the real purpose for bitcoins to be created will also be meaningless.

Satoshi Nakamoto created bitcoin and put a strict limit on the amount of bitcoin supply of only 21 million, it is a hard cap that will not increase and is the core proportion of bitcoin's value.

Bitcoin is protected from changing or adding to its amount by its incentive system and governance model. Thanks to bitcoin's proprietary architecture, the entities that control Bitcoin's rule set have a solid incentive to reject hard cap changes, while those who wish to change them have no ability to control the network.

Although adding supplies can be done with the approval of the community, it will not be that easy to do.