Post
Topic
Board Bitcoin Discussion
Re: [Curiosity made ask] Why the limitation in bitcoin just 21 million?
by
Cookdata
on 24/09/2024, 16:33:36 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.

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. 

I wouldn't go dip, here is this simple analogy. Have you ever asked yourself why is that $20k could help you get a home 20 years ago but today, it can't help you pay house rent in some cities? They don't tell you what they do behind the scene and came up with the excuse of inflation thing but in reality when you create a supply for too much, such currency tends to lose value because of the supply but Satoshi decide to do something different which is scarcity of Bitcoin through mining of block and halving.

Bitcoin is just 21 million, if you decide to share a single Bitcoin to just one country, it might not be enough to go around but if you decide to share the world banks reserve for the world, the dollar bills will go around everyone and there will be more left in their vault because it's in excess. The less the supply of a currency, with more demand th higher the value it becomes, this is what Bitcoin is today and fiat is doing the opposite losing purchasing power every 3 years and Bitcoin keep climbing a new all time high each Bitcoin halving/cycle.