Quote from: stwenhao on June 02, 2025, 12:42:36 PM

https://en.bitcoin.it/wiki/Prohibited_changes

Quote

These changes require the consent of every bitcoin-holder:

Increasing the total number of issued bitcoins beyond 21 million. Precision may be increased, but proportions must be unchanged.

Which means, that it should be optional. It is technically possible to make a chain, where each user can decide with signatures, if he wants to support that change or not. But, as I said before: burning coins is easier than making them out of thin air, in a backward-compatible way. Those, who disagree, will simply keep using the old version.

Although this can be done technically, nobody want this unprecedented increase of Bitcoin total supply from its initial cap at 21M coins. Having a finite total supply is one of biggest strengths of Bitcoin compares to overwhelming thousands of shitcoins on the market. Latecomers might want to increase the total supply but as late comers, they have no power to change anything while early comers don't support this idea.

If this proposal is done and total supply increased, it does not help late comers to benefit from this milestone in Bitcoin history, and it only brings nightmare to all holders who are either early adopters or newbies in the market.

If you need any example, see how the Purchasing Power of US. dollar and other fiat currencies drop dramatically over time as consequences of inflation.
https://www.visualcapitalist.com/purchasing-power-of-the-u-s-dollar-over-time/

In contrast, purchasing power of 1 bitcoin or 1 satoshi has increases paraoblically with time.
https://charts.bitbo.io/satoshi-per-dollar/

Extra source for reading.
https://decrypt.co/34876/why-is-bitcoins-supply-limit-set-to-21-million
https://blog.lopp.net/how-is-the-21-million-bitcoin-cap-defined-and-enforced/
https://river.com/learn/can-bitcoins-hard-cap-of-21-million-be-changed/ - this article is insightful.