If you have 1 bitcoin today, it worth 700+
if you put more 21 million coins in the system, probably 1 bitcoin will worth 350 or less.
And changing the basic make people have a lot doubts about the "decentralized".
Just my newbie opnion here.
Topic: 21 millions bitcoin in question - page 5. (Read 3828 times)
Destroys the value instantly.
Bitcoin is largely based around the very finite supply of it, and adding more destroys the trust in the network and means that, essentially, more Bitcoin can be added indefinitely.
Basic economics 101, if you add to the supply, the demand gets filled and the value goes down. In this case, dramatically.
Bitcoin is largely based around the very finite supply of it, and adding more destroys the trust in the network and means that, essentially, more Bitcoin can be added indefinitely.
Basic economics 101, if you add to the supply, the demand gets filled and the value goes down. In this case, dramatically.
Hyperinflation is not a good thing for an economy. Bitcoin price would plummet. I do not think the number of bitcoins should ever be increased.
Hello,
Hard fork will make possible to extend the number of bitcoin in circulation (more than 21 millions).
However, everyone told me that the majority of node runners will not allow this to happen.
My question is why they will not?
Indeed, this will create more revenu for them, as there will be more bitcoin to mine and not only revenu from transaction fees.
what do you think?
Hard fork will make possible to extend the number of bitcoin in circulation (more than 21 millions).
However, everyone told me that the majority of node runners will not allow this to happen.
My question is why they will not?
Indeed, this will create more revenu for them, as there will be more bitcoin to mine and not only revenu from transaction fees.
what do you think?
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