Post
Topic
Board Economics
Re: Why bitcoin supply will NOT cap at 21M BTC
by
Harley997
on 21/06/2014, 19:28:31 UTC
Nope won't happen cause if the miners accept the abolition of the cap then it's a free for all with unlimited coins and they become inflationary exactly like the fiat system which is the polar opposite of the ideals behind bitcoin.

It would depend on what the new cap would be set to. If the TX fees are not enough to cover miners electric costs then the cap could certainly be increased to continue to give miners incentive to mine while giving bitcoin more time to grow