Topic: The Supply of Bitcoin Is Limited. The Supply of Cryptos Isn't! - page 3. (Read 2214 times)

indeed cyrpto money has no rules on limiting the amount of circulation, this would make it difficult for some banks in the world to make crypto become real money if the local government doesn't make some rules for its own country.

Well on the very beginning of the era of bitcoin scarcity or limited supply of it is a reality but as per the price right now be based I think bitcoins supply wouldn't be limited and if it would keep on increasing there's no doubt everyone in the world could have even a quarter of it.

The supply of all cryptos isn't limited because of so many crypto are in the market right now and every day, weeks or months there is a new coin and plus of so many supply of a single coun just like Rippple or Siacoin we couldn't have a scarcity on supply of cryptos.

indeed cyrpto money has no rules on limiting the amount of circulation, this would make it difficult for some banks in the world to make crypto become real money if the local government doesn't make some rules for its own country.

I barely think that crypto currency are helping out the fait currency to grow in the value. Because these currencies are completely different part of the economic system and fiat resides at one part. The things is fiat will rise in the value only if the people pay back the taxes on the profits that are earned with the crypto currency. These taxes later on can be added as value to the government circulation and that can lead to healthy economic system. Do you know that when there is need that arises for the government to print more money then it means that it is actually not managing the fait balance properly. This could really lead to demonetisation of the current in first place and then financial crisis. So whatever you saying here is just 50 percent right but crypto's are not really helping the fiat in anyway yet.

You are right. Now, many more coins had been rising. Sometimes, this situation make me confuse to choice coins which good future. So I always join in bitcoin, although bitcoin is limited I hopefully that bitcoin always rising in every time

Yes it is true that the supply of bitcoin is limited and the reason is I think the production cost and mainly the electricity, because in many countries the electricity is very expensive and the miners cannot produce so much bitcoins. That’s why the supply of bitcoin is limited. Now the other countries where the cost of electricity and other elements are low people are looking to that to start mining bitcoin.

crypto wasn't just represented by bitcoin itself,although bitcoin is the pioneer and supreme doesn't necessarily means hes the only coin that can make this community alive,thats why theres lot of coin created after btc to have alternative to have another option when time comes all bitcoins has mined.so what we need here is let the other alts improve progress and rise so if the time comes we can still continue this process without only bitcoin dictating the market

Geez that post blew my mind away. You make a compelling argument and I can't think of a reason that can't happen. But one thing is that if it does happen at least crypto well be live and well it will be a different ball game from now. I gotta start getting on gathering precious metals together now 

So, if Bitcoin really takes off, we think we have an honest, state-free money.  No central bank, or anyone, can create bitcoins past the 21 million limit.

Correct?  In practice, no.

What Western central banks are doing now is getting us used to the idea of multiple cryptocurrencies being viable.  When they use their printed money to buy some new cryptos, their values go up.  

One simple example of how they can continue to expand their money supply is to have a basket of cryptos against which they 'manage' exchange rates with dollars, euro, etc.  Say, at first this basket contains 1 BTC, 10 ETH, and 100 LTC, and the Fed and US government have an official or unofficial policy of keeping this basket at the price of $100K, with a combination of keeping money printing and public debt under control, and selling the BTC/ETH/LTC in its vaults to scare savers away from moving their dollars into coins.

As time goes on, the Fed will want to create more dollars.  (As it always has.)  Then they will  buy up lots of new cryptocurrency XYZ (cheap) with their dollars, and raise the price of XYZ.  After XYZ has 'proven itself in the market with its technical superiority,' the Fed will add it to the basket, and the new basket will be priced at $120K.  Since the 'base money' has expanded by 20%, the number of dollars can also be expanded by 20%.

This is only one of many variations.  The Fed doesn't even have to declare a basket (as mentioned above.)  Whatever it buys will rise in value, and will become part of the 'basket'.  Whatever it abandons will die out.  It will have all the power.

The system will be no different from the early days of gold and silver standards, but with a new twist: there are an unlimited number of new gold and silver mines, and only central banks know where they are!

So, I'm still thinking that gold and silver, whose scarcity is secured by physics, rather than computer code, are the superior forms of money for improving our freedom from governments and bankers.

It is true that the supply of bitcoin is only limited for about 21 million but the supply of other cryptocurrencies is not. There are many other cryptocurrency out there that have the potential to grow more and develop. That may happen in the future and may surpass the capability of bitcoin. In that case, we can still earn money through cryptocurrencies even though if the bitcoin's supply will run out.