Topic: Is the 21 milion of bitcoin a real limit? - page 2. (Read 1050 times)
At the moment 21M bitcoins is the said limit. Miners wouldn’t be able to mine more than that in the future unless the limit is changed.
Good morning
Reading about bitcoin, I've found that there is a maximum of BTC that can be mined: 21 milions
It is said that this limit is due to the source code.
As probably you know more than I do about BTC:
- is it a real limit
- is it a good thing? I think it is but it looks like BTC will become more a commodity and not just a payment system
What do you think?
When viewed from the side of the development of bitcoin is very good So there is a big possibility there will be many businesses that accept all forms of transactions by relying bitcoin As long as there is agreement between the seller and the buyer that greatly affect the realization of it. Reading about bitcoin, I've found that there is a maximum of BTC that can be mined: 21 milions
It is said that this limit is due to the source code.
As probably you know more than I do about BTC:
- is it a real limit
- is it a good thing? I think it is but it looks like BTC will become more a commodity and not just a payment system
What do you think?
Yep, 21million is a limit and it can't be increased. Bitcoin is made/programed that way because of mathematic algorithms and this can't be changed. Not even by forks,like some are saying, this is just an attepmt to justify multiple forks. If the limit is good thing, the time will tell.
I think once we reach the limit, although that wouldn't be that soon, the price will explode and demand could rise rapidly.
I think once we reach the limit, although that wouldn't be that soon, the price will explode and demand could rise rapidly.
Good morning
Reading about bitcoin, I've found that there is a maximum of BTC that can be mined: 21 milions
It is said that this limit is due to the source code.
As probably you know more than I do about BTC:
- is it a real limit
- is it a good thing? I think it is but it looks like BTC will become more a commodity and not just a payment system
What do you think?
Yes,21 million coins is the real limit and it could not be changed.It only ensures bitcoin to be free from inflation unlike paper currencies.People rush to buy bitcoins as 16.5 million coins were already mined and available now.Only 4.5 million coins yet to be mined.Even after 21 million coins get mined and still demand exists,then satoshis could be used since bitcoin is divisible in to eight decimals. Reading about bitcoin, I've found that there is a maximum of BTC that can be mined: 21 milions
It is said that this limit is due to the source code.
As probably you know more than I do about BTC:
- is it a real limit
- is it a good thing? I think it is but it looks like BTC will become more a commodity and not just a payment system
What do you think?
Yes it's true. This is why bitcoin be raised to such heights. The smaller the supply, the greater the demand.
Good morning
Reading about bitcoin, I've found that there is a maximum of BTC that can be mined: 21 milions
It is said that this limit is due to the source code.
As probably you know more than I do about BTC:
- is it a real limit
- is it a good thing? I think it is but it looks like BTC will become more a commodity and not just a payment system
What do you think?
Reading about bitcoin, I've found that there is a maximum of BTC that can be mined: 21 milions
It is said that this limit is due to the source code.
As probably you know more than I do about BTC:
- is it a real limit
- is it a good thing? I think it is but it looks like BTC will become more a commodity and not just a payment system
What do you think?
It's a real limit, but almost 99% of the bitcoins will have mined in next 15 years I think. There was a mathematical calculation about this. This is a good thing in terms of bitcoin price, because the circulating supply won't be enough for the entire world in the future.
it is thanks to this limit that the bitcoin is worth today almost 20k $ but with the fork it allows to have other "bitcoin"
Yes, bitcoins is only limited to 21 million, but even so the price value of it is unrelated to the amount to the total bitcoins there is, so you can only have 1 bitcoin but may mean you are actually holding $20,000, so no real issue about it having a limit.
Good morning
Reading about bitcoin, I've found that there is a maximum of BTC that can be mined: 21 milions
It is said that this limit is due to the source code.
As probably you know more than I do about BTC:
- is it a real limit
- is it a good thing? I think it is but it looks like BTC will become more a commodity and not just a payment system
What do you think?
In fact, the code contains such a quantity and can not do it any more!Reading about bitcoin, I've found that there is a maximum of BTC that can be mined: 21 milions
It is said that this limit is due to the source code.
As probably you know more than I do about BTC:
- is it a real limit
- is it a good thing? I think it is but it looks like BTC will become more a commodity and not just a payment system
What do you think?
Good morning
Reading about bitcoin, I've found that there is a maximum of BTC that can be mined: 21 milions
It is said that this limit is due to the source code.
As probably you know more than I do about BTC:
- is it a real limit
- is it a good thing? I think it is but it looks like BTC will become more a commodity and not just a payment system
What do you think?
Reading about bitcoin, I've found that there is a maximum of BTC that can be mined: 21 milions
It is said that this limit is due to the source code.
As probably you know more than I do about BTC:
- is it a real limit
- is it a good thing? I think it is but it looks like BTC will become more a commodity and not just a payment system
What do you think?
If 21 mln – the limit for one miner than I don’t worry. This is enough. Just imagine how much CPU and coolers you need to mine all this amount of money.
Good morning
Reading about bitcoin, I've found that there is a maximum of BTC that can be mined: 21 milions
It is said that this limit is due to the source code.
As probably you know more than I do about BTC:
- is it a real limit
- is it a good thing? I think it is but it looks like BTC will become more a commodity and not just a payment system
What do you think?
Reading about bitcoin, I've found that there is a maximum of BTC that can be mined: 21 milions
It is said that this limit is due to the source code.
As probably you know more than I do about BTC:
- is it a real limit
- is it a good thing? I think it is but it looks like BTC will become more a commodity and not just a payment system
What do you think?
This is stated many time it is true that there is limit of bitcoin to be mine, that is why they are creating a counter part of bitcoins because of that limitation.
Good morning
Reading about bitcoin, I've found that there is a maximum of BTC that can be mined: 21 milions
It is said that this limit is due to the source code.
As probably you know more than I do about BTC:
- is it a real limit
- is it a good thing? I think it is but it looks like BTC will become more a commodity and not just a payment system
What do you think?
In fact, the code contains such a quantity and can not do it any more! Reading about bitcoin, I've found that there is a maximum of BTC that can be mined: 21 milions
It is said that this limit is due to the source code.
As probably you know more than I do about BTC:
- is it a real limit
- is it a good thing? I think it is but it looks like BTC will become more a commodity and not just a payment system
What do you think?
As probably you know more than I do about BTC:
- is it a real limit
- is it a good thing? I think it is but it looks like BTC will become more a commodity and not just a payment system
It is a real limit ,but i am not sure why Satoshi came up with the number of 21 million as the limit,either way that is the limit,with the price of bitcoin rising very fast,it cannot be used as a regular payment system because of the higher transaction fees and hence we can consider it as a store of value. - is it a real limit
- is it a good thing? I think it is but it looks like BTC will become more a commodity and not just a payment system
bitcoin is not like fiat currencies, that can be printed without control. they are 21 million and no more.
What do you think about it? is it possible that this is a parameter of the code that it can be changed?
It could, but that would make Bitcoin a whole lot less appealing to the outside world in the way that you can't even trust on Bitcoin's technical aspects anymore. If one important aspect of this protocol gets changed, what prevents the same entities from changing things even further if they think it's necessary? It would basically mean the end of Bitcoin as being the most trustworthy coin in all sorts of aspects. That being said, I am glad there doesn't need to be anything done to increase the max number of coins to ever get minted. Bitcoin at some point may get so expensive, that the majority of the people won't even be able to afford 1/10th of a whole Bitcoin anymore. Bitcoin is extremely divisible by nature, and at some point we will not work with the BTC nomination anymore, but with mBTC or Bits.
1BTC = 1000mBTC (likely to become the default nomination)
1BTC = 1,000,000Bits
1BTC = 100,000,000Sats
I think when 21 million is over, price will be in the sky ) 
yes,it’s true. 21million is a real limit. after mined 21 million bitcoin no more bitcoin will be mined. and price will be sky rocket.Also you can google it,youtube it and can see in coinmarketcap.
Bitcoin is like gold in many ways. Like gold, Bitcoin cannot simply be created arbitrarily. Gold must be mined out of the ground, and Bitcoin must be mined via digital means. Linked to this process is the stipulation set forth by the founders of Bitcoin that, like gold, it has a limited and finite supply. In fact, there are only 21 million Bitcoins that can be mined in total. Once miners have unlocked this many Bitcoins, the planet's supply will essentially be tapped out, unless Bitcoin's protocol is changed to allow for a larger supply. Supporters of Bitcoin say that, like gold, the fixed supply of the currency means that banks are kept in check and not allowed to arbitrarily issue fiduciary media.
It's a parameter in some code, so of course its not a real limit.
What do you think about it? is it possible that this is a parameter of the code that it can be changed?...I didn't think about it, and now it seems to me an interesting thoughtGood morning
Reading about bitcoin, I've found that there is a maximum of BTC that can be mined: 21 milions
It is said that this limit is due to the source code.
As probably you know more than I do about BTC:
- is it a real limit
- is it a good thing? I think it is but it looks like BTC will become more a commodity and not just a payment system
What do you think?
Reading about bitcoin, I've found that there is a maximum of BTC that can be mined: 21 milions
It is said that this limit is due to the source code.
As probably you know more than I do about BTC:
- is it a real limit
- is it a good thing? I think it is but it looks like BTC will become more a commodity and not just a payment system
What do you think?
In fact, there are only 21 million Bitcoins that can be mined in total. Once miners have unlocked this many Bitcoins, the planet's supply will essentially be tapped out, unless Bitcoin's protocol is changed to allow for a larger supply.
Read more: What Happens to Bitcoin After All 21 Million are Mined? | Investopedia https://www.investopedia.com/news/what-happens-bitcoin-after-all-21-million-are-mined/#ixzz50OabzzbM
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