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Topic: bitcoin supply discussion/suggestion - page 2. (Read 1248 times)

legendary
Activity: 1582
Merit: 1006
beware of your keys.
August 13, 2015, 04:28:03 AM
#4
I did not even need to read anything in this thread aside from the title.

Anything that would fundamentally change Bitcoin would ultimately be fatal. Changing the supply or implementing POS would mean that Bitcoin is not different from fiat at all.
If that is ever the case, I'll be the first one to sell my coins and leave. Stop proposing inflation, and there are enough coins for everyone.

of course it would be fatal, but consider about dead coins (the coins that could not be sent due to the loss of the key).
again, bitcoin could only be divided up to 100 million, what if majority of the coins were in the dead address?
think again; limited supply in which the dead coins cannot be recovered, we will lose supply.

As Satoshi planned 21 million. To increase the number of bitcoins mined would probably destroy bitcoin & everything thst Satoshi intended. The price would plummet if the 21 million cap was ever agreed to be lifted. The reason bitcoin is so valuable (or has potential to be) is because there are only 21 million ever to be mined.
hope you understand that the supply could not be divided into less than 100 million, thus newbies might not be able to start with bitcoin easily if the bitcoin skyrocketed.
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
August 13, 2015, 04:23:47 AM
#3
As Satoshi planned 21 million. To increase the number of bitcoins mined would probably destroy bitcoin & everything thst Satoshi intended. The price would plummet if the 21 million cap was ever agreed to be lifted. The reason bitcoin is so valuable (or has potential to be) is because there are only 21 million ever to be mined.
legendary
Activity: 2674
Merit: 3000
Terminated.
August 13, 2015, 04:19:36 AM
#2
I did not even need to read anything in this thread aside from the title.

Anything that would fundamentally change Bitcoin would ultimately be fatal. Changing the supply or implementing POS would mean that Bitcoin is not different from fiat at all.
If that is ever the case, I'll be the first one to sell my coins and leave. Stop proposing inflation, and there are enough coins for everyone.
legendary
Activity: 1582
Merit: 1006
beware of your keys.
August 13, 2015, 04:07:49 AM
#1
(no longer care about this post.)
(opinion only.)
hello dude, i am gonna talk about the supply of bitcoin.
here is my some of the question for every1:

in a nutshell, in order to prevent loss of avaliable supply, you know the dead wallets could not be recovered.

  • should we add proof of stake to the bitcoin?
  • should we increase the supply limit (i mean to have more bitcoins)?
  • is the maximum supply (apparently) good?
  • is the bitcoin deflationary a good deal?
  • is bitcoin sustainable based on supply?
  • would you sure that newbies would be easy to get with bitcoin in the future?

i would suggest to terminate the hard limit of possible supply and fix the 1% minimum inflation, why?

because the abandoned coins are increasing, destroying the supply of bitcoin, leading to the decreased of actual supply, in that case, we would not have enough coins for the demand. deflationary would not give anything great to the wagers in the future - every time that bitcoin demand increases, the value increases, thus wager would have no choice but to decrease the wager. bitcoin division is up to 100 million, in the future, if everyone could use bitcoin, the price of bitcoin would probably be at least a million, in that case, people would be in trouble of insufficient supply thus newbies would not be able to get in easily.

stable inflation is in order to prevent price from instability and qualify the demand. if we do not make a stable inflation, it will be hard to make it sustainable. we want a stable price and sustainable supply to meet the requirements. increasing the maximum supply may lose your reliability of bitcoin, however, you would be in trouble of insufficient supply.

gold is unlimited all over the universe, but bitcoin is not.

have your say, i am not here to debate with you because you will have other people to debate with.
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