Topic: Can the volume of coins be increased? - page 2. (Read 1102 times)
I dont think it needs to be "increased". Bitcoin is infinitely divisible. If the need arises, then it will just be divided to smaller units.
I heard that many people lose their coins and the current volume of BTC is not current at all)
How do you think will Satoshi add some in future?
It could be that only a few owners can take it back with the various conditions set by the authorities. So we must be able to run well so that the possibility of missing coins previously can be returned in accordance with the previous amount because bitcoin often experience a fairly rapid price change. How do you think will Satoshi add some in future?
I don't think that the volume of bitcoin can be increase because if so for sure there are already additional bitcoin in the circulation this is one of the reason why alt coins were introduce to divert the demand of bitcoin and if bitcoin supply will be increased the value will sure be cheaper again.
If depends, if the creation of bitcoin tokens was created to be re-issuable then more tokens can be created but then it will affect the value and market floe of bitcoin in the crypto world.
I heard that many people lose their coins and the current volume of BTC is not current at all)
How do you think will Satoshi add some in future?
How do you think will Satoshi add some in future?
This is ridiculous. How come that the volume of bitcoin is not volume at all? You mean because its price is going down right now? Trust me it is not what you think it is. Every time the volume decrease doesn't mean it is no good at all, it is just normal, especially when its price is having a very huge DUMP. But eventually if this price goes up again, the expect that the volume in the market will rise.
There are millions of lost satoshis just in my many abandoned faucets that never went to a withdrawable amount.
I bet that's a common story. Someone should figure out how to get a digital satoshi vaccuum to inhale the abandoned bits, and turn in to actual funds. Like satoshi recycling.
I bet that's a common story. Someone should figure out how to get a digital satoshi vaccuum to inhale the abandoned bits, and turn in to actual funds. Like satoshi recycling.
I do not think so, the people who created bitcoin must have thought things through. And I'm sure they have other plans after the bitcoin gets mined.
I don't think volume of bitcoins can be increased and also it shouldn't increase as one of the reasons why bitcoin' value is so high is because of it is limited which us around 21 million.Increasing volume would only decrease it's value that's all it won't have any benefits.
Yes. With a hard fork, we can increase the volume of coins. But that doesn't mean that we need to mint additional coins just like the federal reserve. We can split the already existing Bitcoins in to 1,000 smaller coins. So the maximum supply will increase to 21 billion, from the current 21 million. The best thing is that the exchange rates will fall, from $4,200 per coin to $4.20 per coin.
I think nothing will be added by satoshi and if for btc it's natural, because the nature of bitcoin is like that.
one of the factors that make up btc prices is if market demand is high.
one of the factors that make up btc prices is if market demand is high.
The limited supply will make the price go higher, i don't like the idea of unlimited supply or coins volume addition either, let it be like this right now, it's already perfect and make the price always growing.
there's no need of an additional coins since it's unnecessary, doesn't affect anything but make the price lower.
there's no need of an additional coins since it's unnecessary, doesn't affect anything but make the price lower.
I think the core won't touch the total number of coin. This is the reason why Bitcoin is going up in price. Scarcity and rarity is what Bitcoin made special. With the finite number of coins, the only way for Bitcoin is to go up in value while adoption is taking place. The creator of this cryptocurrency is really genius.
Good to know you have a great source there
According to me yes he might produce other Bitcoins, because if people will not able to get Bitcoin then they might shift to some other currency.
Good to know you have a great source there
Well all here have said that the number of bitcoin will be 21 million and increasing it's possible number can make it's value collapse so I think Satoshi really know what he is doing with bitcoin after all, and done a possible thing with bitcoin so many investors can surely interact with it, And OP is asking this because he doesn't really know that bitcoin is only limited and thinking that there might be a way in increasing the number of bitcoin in the future, but doing this can surely be crucial to the price of bitcoin.
According to me yes he might produce other Bitcoins, because if people will not able to get Bitcoin then they might shift to some other currency.
I heard that many people lose their coins and the current volume of BTC is not current at all)
How do you think will Satoshi add some in future?
There will only be a total of 21 million bitcoins available in the market (that is, once all bitcoins will be mined). Currently, there are already around 16 million bitcoins mined by btc miners (that is around 76% of the total number of bitcoins). Once all bitcoins were already mined, there are 2 scenarios that might happen on btc price: it will either rise up (if people will keep them or maintain the circulation of it in the market/trading sites) or will fall down (if people will sell all their bitcoins). How do you think will Satoshi add some in future?
Putting that into perspective, increasing the total number of bitcoins (from 21M to more than that) will greatly affect the future of bitcoin and might make the people lose their interest on bitcoin.
It is possible only core developers can do it,
BUT It is not so good Idea. If the total volume of Bitcoins will increase then the worth of BTC will decrease randomly.
BUT It is not so good Idea. If the total volume of Bitcoins will increase then the worth of BTC will decrease randomly.
It is technically impossible to increase the number of bicocones over 21 million. That's why bitcoin has such a high cost compared to altcoyins, which can be released an unlimited number. I think that we do not even need to look for probable ways to increase the number of bitcoins. In the world of crypto-currencies, there are a large number of other types of crypto-currency. Earlier there were more than a thousand, now their number has decreased to about nine hundred. There is a selection of their usefulness and vitality and this is a normal process. They gradually fill different niches, making our life more convenient and safer.
They are every day.
With every block new coins are mined and are available out of nothing, so the supply of bitcoins running dry is not a concern for the near future.
With every block new coins are mined and are available out of nothing, so the supply of bitcoins running dry is not a concern for the near future.
After each halving we have less and less coins getting mined.
Just the next two will bring the reward to 3 coins per block.
That 21xx term when the supply will be done is a bit misleading because the block rewards in the last year will be better counted ins atoshi than in BTC. For example after the 10th halving the reward will be only 0.09 BTC and after the 30th only 0.00000009.
All reports at this stage indicate that there is no capacity to increase the pool from 21 million. It is irrelevant though as fractions down to ridiculous levels are possible so it is all aesthetics. I'd like to hear views as to why a larger volume count would affect the price.
Please go to the newbies and help section and spend some time there.
Reports? Capacity?
Let's say Ferrari will produce next years 30 billion cars. How much to you think the price for one will be in the end?
Or, the classic example...Zimbabwe.
Unlimited coins means exactly the opposite in price, as close as possible to 0.
That is btc big issue and like i know current devs it can be like five btc created,only one solution for now is eth smart contracts and pos,if will be no mining network will stop
The only way to make the marketcap grow is just by more people being interested on cryptos, making them buy everytime more altcoins /bitcoins, that is the only way that the volume can increase. So that is why a lot of people who are not interested in cryptos are trying to make FUD, because they want to make a panic selling in order to make the marketcap bleed, to make the price go down.
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