Post
Topic
Board Development & Technical Discussion
Merits 1 from 1 user
Re: Nonsense about increasing the 21M supply cap
by
m2017
on 21/12/2024, 13:42:21 UTC
⭐ Merited by stwenhao (1)
Nowadays on Twitter we have individuals, and even companies like Blackrock, declaring that if BTC doesn't increase the supply cap (and thus become like Dogecoin [they don't say that but it's implied]) then it will eventually fall to 51% attacks.
What is the real reason for their desire to increase the number of bitcoins? I doubt they are worried about technical aspects (51% security). I think these guys want free money.

Notice how "increase the supply cap and print more bitcoins" is not an option.
Of course not. Otherwise, it would dilute the value of bitcoin into new coins. It would be like reissuing company shares on a traditional stock market for subsequent sale.

Question (hypothetical): from a technical point of view, is it possible to increase the number of bitcoins if (let's assume) all bitcoin developers agree to it? They will be able to change the source code?

That's because it's practically guaranteed to never happen. Nobody who owns Bitcoin will agree to let it become a money printer.
Large institutional investors preach a different point of view than ordinary bitcoiners. Therefore, they will try to lobby for "their vision". Therefore, one should be more careful in voicing what is guaranteed not to happen. Smiley