extend the 21m bitcoin limit | Bitcointalksearch.org

username18333

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Quote from: jertsy on December 31, 2014, 08:13:53 PM

Quote from: goosoodude on December 31, 2014, 07:52:18 PM

The actual number doesnt matter. Bitcoin can be divided into smaller units which work usually fine.

If you are talking in terms of inflation, some believe that a currency with a supply cap may lead to other problems.

What problems? I ask because there are coins like Nxt with a fixed quantity of coins from day one.

Unwieldy decimalization.

jertsy

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Quote from: goosoodude on December 31, 2014, 07:52:18 PM

The actual number doesnt matter. Bitcoin can be divided into smaller units which work usually fine.

If you are talking in terms of inflation, some believe that a currency with a supply cap may lead to other problems.

What problems? I ask because there are coins like Nxt with a fixed quantity of coins from day one.

goosoodude

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The actual number doesnt matter. Bitcoin can be divided into smaller units which work usually fine.

If you are talking in terms of inflation, some believe that a currency with a supply cap may lead to other problems.

username18333

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Knowledge could but approximate existence.

Writcoin™ creates a heterarchical monetary authority by permitting its end users to “spend” money into existence—approximating anarchist communism.

bram_vnl

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i think it is guldencoin more than 21m

jertsy

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Quote from: Zawamiya on December 31, 2014, 03:01:15 PM

bitcoin has its value because of its limited supply, if you want to see a lot of coins in your wallet then you should give a try to altcoins like Doge that have big supply, do you think that bitcoin will stay same if total supply is increased?
it will crash badly

There were some alts that reduced their total coins due to be minted to increase the price. It worked, and increasing the total coins due to be minted would probably crash the price.

toddtervy

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I prefer the limit, coin values good that way. Some coins have just a small amount that will continue to let the number of coins grow with almost the same effect.

Zawamiya

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bitcoin has its value because of its limited supply, if you want to see a lot of coins in your wallet then you should give a try to altcoins like Doge that have big supply, do you think that bitcoin will stay same if total supply is increased?
it will crash badly

Muuurrrrica!

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Quote from: stefanoRR57 on December 30, 2014, 11:26:03 PM

I think the next currency that prevail will not have the 21m limit, or other limits; please comment

the limit isn't the problem. Newsmedia who say the limit would be the problem are just the parrots of the existing powerstructure which is in fact scared by the hard limit because it threatens their moneypolicies. So in case bitcoin fails they will try to tell you it's because of the hard limit but that's a bold faced lie. Bitcoin fails because of the inflation or maybe because Karpeles sells the stolen coins but bitcoin fails not because of the hardlimit - that's propaganda from the existing powerstructure.

Omikifuse

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there are thousands of alt coins with bigger limits than 21M

Go for them if you think 21M is enough to destroy the usability of BTC in the long run

BitcoinAddicts

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Quote from: stefanoRR57 on December 30, 2014, 11:26:03 PM

I think the next currency that prevail will not have the 21m limit, or other limits; please comment

if so then they will not have a value like bitcoin
i believe that the next big crypto currency will be based on POS algo with a decent interest rates

jonald_fyookball

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Core dev leaves me neg feedback #abuse #political

nice trolling.

Window2Wall

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Quote from: Remember remember the 5th of November on December 30, 2014, 11:41:06 PM

Quote from: Window2Wall on December 30, 2014, 11:39:59 PM

Quote from: stefanoRR57 on December 30, 2014, 11:26:03 PM

I think the next currency that prevail will not have the 21m limit, or other limits; please comment

In order for a crypto currency to be successful it will need to have an upper limit otherwise it will be contentiously inflationary, whose inflation rate will rise at an ever increasing rate.

The 21 million bitcoin limit is really arbitrary because bitcoin can be divided into 8 decimal places and the protocol can easily be forked to allow for a more precise measure if the value of bitcoin were to increase too much

To be more precise, we are talking about infinite divisibility.

This is possible if the protocol were to be forked in the future, however it is neither needed nor possible now. Even though the protocol has always been divisible to up to 8 decimal places, for a while QT would only display two decimal places by default

AnonBitCoiner

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Quote from: Remember remember the 5th of November on December 30, 2014, 11:27:53 PM

Other cryptos have tried it. Not sure what the effect is. Also, why do you think 21 is not enough?

The effect was a decrease in monetary value lol

Quote from: hilariousandco on December 30, 2014, 11:38:24 PM

Quote from: Remember remember the 5th of November on December 30, 2014, 11:27:53 PM

Other cryptos have tried it. Not sure what the effect is. Also, why do you think 21 is not enough?

Yes, please state why you think it isn't enough. More decimal places can be added so there's more than enough to go around. If you want a crypto with billions of coins try a crapcoin or something.

Exactly what he said.

Remember remember the 5th of November

legendary

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Reverse engineer from time to time

Quote from: Window2Wall on December 30, 2014, 11:39:59 PM

Quote from: stefanoRR57 on December 30, 2014, 11:26:03 PM

I think the next currency that prevail will not have the 21m limit, or other limits; please comment

In order for a crypto currency to be successful it will need to have an upper limit otherwise it will be contentiously inflationary, whose inflation rate will rise at an ever increasing rate.

The 21 million bitcoin limit is really arbitrary because bitcoin can be divided into 8 decimal places and the protocol can easily be forked to allow for a more precise measure if the value of bitcoin were to increase too much

To be more precise, we are talking about infinite divisibility.

Window2Wall

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Quote from: stefanoRR57 on December 30, 2014, 11:26:03 PM

I think the next currency that prevail will not have the 21m limit, or other limits; please comment

In order for a crypto currency to be successful it will need to have an upper limit otherwise it will be contentiously inflationary, whose inflation rate will rise at an ever increasing rate.

The 21 million bitcoin limit is really arbitrary because bitcoin can be divided into 8 decimal places and the protocol can easily be forked to allow for a more precise measure if the value of bitcoin were to increase too much

hilariousandco

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Quote from: Remember remember the 5th of November on December 30, 2014, 11:27:53 PM

Other cryptos have tried it. Not sure what the effect is. Also, why do you think 21 is not enough?

Yes, please state why you think it isn't enough. More decimal places can be added so there's more than enough to go around. If you want a crypto with billions of coins try a crapcoin or something.

Remember remember the 5th of November

legendary

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Reverse engineer from time to time

Other cryptos have tried it. Not sure what the effect is. Also, why do you think 21 is not enough?

stefanoRR57

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I think the next currency that prevail will not have the 21m limit, or other limits; please comment

Topic: extend the 21m bitcoin limit (Read 1321 times)