Post
Topic
Board Bitcoin Discussion
Re: [Curiosity made ask] Why the limitation in bitcoin just 21 million?
by
rak012
on 24/09/2024, 12:30:27 UTC
While one OP created a thread about how Bitcoin will take over the global payment word in the future, and I tried to understand that Bitcoin itself is limited to 21 million only and its increase is not even certain, which eventually might end up with a yes/no answer. And it's going to take more than some decades to change from that.

I appreciate for your question. We know bitcoins are limited to 21 million and some are yet to be mined. But from them almost 3-4 million bitcoins are lost forever. So the actual amount will be near around 16-17 million.

So curiosity made me ask why it is limited and why more can't be made before those decades. I'm just a beginner with little to no knowledge about bitcoin technically.

When Satoshi Nakamoto created bitcoin, he tried to maintain the values of cryptocurrency and create scarcity. The program was that the miners will be no longer rewarded once all bitcoins are mined.