Don't think new Bitcoin is generated by the miners as much as they want, they're mine new Bitcoin which still not being mined on the network.
I'd say the 19+ Million Bitcoins which has been mined can be call as circulated because not all Bitcoins can be accessed and traded, the circulated Bitcoin is less than the total of current supply.
Topic: The total limit of bitcoin - page 2. (Read 235 times)
No
The limitation of Bitcoin to 21,000,000 is one of its strongest features. It is different
to FIAT currency in that miners or anyone else cannot decide to "print" more Bitcoin just
because they want another 100.
This is one of the features which gives Bitcoin its value, it is not an inflationary currency.
Do you think there would be so much interest in Bitcoin if its supply could be easily manipulated
and the total quantity changed so easily, then it really would be funny internet Monopoly money,
worth nothing.
FIAT - really easy to print more as desired
GOLD - unknown limit to its supply
The limitation of Bitcoin to 21,000,000 is one of its strongest features. It is different
to FIAT currency in that miners or anyone else cannot decide to "print" more Bitcoin just
because they want another 100.
This is one of the features which gives Bitcoin its value, it is not an inflationary currency.
Do you think there would be so much interest in Bitcoin if its supply could be easily manipulated
and the total quantity changed so easily, then it really would be funny internet Monopoly money,
worth nothing.
FIAT - really easy to print more as desired
GOLD - unknown limit to its supply
Looking at the basic fact about the limit of bitcoin according to the protocol for the bitcoin network,it was design with a limit of 21 million coin.
My question now is are cryptocurrency miners be unable to generate new bitcoin after it reach the 21 million coin limit?
Since there are over 19.15 million bitcoins in circulation if am not mistaken.
My question now is are cryptocurrency miners be unable to generate new bitcoin after it reach the 21 million coin limit?
Since there are over 19.15 million bitcoins in circulation if am not mistaken.
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