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Topic: Creating more bitcoin - page 5. (Read 1201 times)

legendary
Activity: 2604
Merit: 3056
Welt Am Draht
July 11, 2019, 01:38:04 PM
#5
The core developers can propose it. It won't make the slightest difference if not enough people choose to run that version.

If you did get a majority there would still be a vehement minority who would refuse and continue with the original chain and so there would be different Bitcoins by that point. The extra BTC chain would have to be the one to fork so it would not be the original one any more.

If EVERYONE agrees and they all switch to the new chain and the original dies then absolutely it's possible. The odds of everyone being on board are somewhere around zero but it will always be a theoretical possibility.

It'll be interesting to see what future attempts there are to change Bitcoin's cornerstones.
legendary
Activity: 3542
Merit: 1352
July 11, 2019, 01:32:45 PM
#4
For that to happen, consensus is going to be needed. The developers can't simply just change the number then boom we have a billion bitcoins. If they could simply do that just by changing values in the code, then bitcoin is fucked.

Not to mention that a hardfork is going to be needed to achieve this, so it's extremely unlikely.

This, else it will be a fork and I don't think a lot of people would really want to knowing 21 million bitcoins preserve the value of bitcoin in some way. It will also take a lot of convincing and endless debates before the community is convinced for increasing the hard cap on the limit of bitcoins, and even then we're not sure whether a lot of people would support the move/motive or not.

But on a side note though, no one is stopping anyone to create their own version of bitcoin. It's just that be ready to accept rejections in any way possible.
sr. member
Activity: 1092
Merit: 256
Leading Crypto Sports Betting & Casino Platform
July 11, 2019, 01:09:42 PM
#3
Creating more bitcoin will disturb the demand to supply availability. When there is something unlimited surely the demand will diminish with time. As of now the market having limited supply, and the same is the key factor for bitcoin to have such an increased market price. Some has been continuously suggesting on bitcoin unlimited which isn't gonna get into reality.
full member
Activity: 218
Merit: 105
The Nomad
July 11, 2019, 12:02:23 PM
#2
For that to happen, consensus is going to be needed. The developers can't simply just change the number then boom we have a billion bitcoins. If they could simply do that just by changing values in the code, then bitcoin is fucked.

Not to mention that a hardfork is going to be needed to achieve this, so it's extremely unlikely.
sr. member
Activity: 485
Merit: 274
July 11, 2019, 11:41:51 AM
#1
Is there anything to stop the core devs saying we want unlimited bitcoin and changing the code to allow it.  I mean, 21 million isn't much.  Smiley
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