Topic: What if hard limit on bitcoin had been 21 Billion instead of 21 Million? (Read 428 times)

Hello Peeps,

Here is a game theory question to question the rush and rash in bitcoin world.

The number of bitcoins is limited to 21 millions with 8 zeros in fractions. What if the fractional places would have been 5 instead of 8 and total coins in circulation would have been 21 billion coins with same generation span, do you believe that price would be same as now? By same generation span, I mean that generation per block would be 1000 times more than the actual so that the world get 21 billion bitcoins in same span as actual.

What if the fractional places would be still 8 with 21 billion coins in circulation in same generation span? Would the price be still the same as now?

Is number a problem?
Hypothetically, To correct the market behavior of mad rush towards sustainability, shall we create a new taxonomy say "TheCoin" which is 1000th of Bitcoin and convert  all exchanges and conversations in new taxonomy?

I think number is a problem.

What do you think?





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Disclaimer: I hold bitcoins. And working on new coins. I hate ICOs. I think privacy is overrated. I believe privacy is necessary but not always.

Affecting the decimal place shouldn't have an impact on the price. It limits the extent that a bitcoin can be divided into smaller pieces, but it doesn't change the supply. A 1000x increase in the number of coins should theoretically see a 1000x decrease in the price, but since people speculating don't take into consideration any mathematical or financial valuation when making purchase and share of BTC, I actually don't expect that it would logically follow. When Doge abandoned it's hard cap, the price went up over time, which doesn't make economic sense since the value of each coin is inflated away with the production of every new coin.

Hello Peeps,

Here is a game theory question to question the rush and rash in bitcoin world.

The number of bitcoins is limited to 21 millions with 8 zeros in fractions. What if the fractional places would have been 5 instead of 8 and total coins in circulation would have been 21 billion coins with same generation span, do you believe that price would be same as now? By same generation span, I mean that generation per block would be 1000 times more than the actual so that the world get 21 billion bitcoins in same span as actual.

What if the fractional places would be still 8 with 21 billion coins in circulation in same generation span? Would the price be still the same as now?

Is number a problem?
Hypothetically, To correct the market behavior of mad rush towards sustainability, shall we create a new taxonomy say "TheCoin" which is 1000th of Bitcoin and convert  all exchanges and conversations in new taxonomy?

I think number is a problem.

What do you think?





---------------------------------------------------------------------------------------------------------------------------------------------------------
Disclaimer: I hold bitcoins. And working on new coins. I hate ICOs. I think privacy is overrated. I believe privacy is necessary but not always.

That is a wrong analysis in my opinion,people who are not investing in bitcoin are skeptical about a software which provides tokens and that has a valuation and they really cannot understand the basic and it will be very difficult to teach these individual unless they wanted to know what is the technology and concept behind it and it is not about decimal barriers. If the hard limit was 21 billion i am sure the valuation wont be this high too soon,but it would eventually keep growing at a steady pace.

price would have been a lot higher than what it is right now. it would probably be at something near $100,000 and we would have been discussing about how strong the $100k resistance is instead of the $20k.

Some people think Satoshi Nakamoto is made some things wrong and that he should determine higher total amount of BTC,make block size bigger then 1 MB and maybe invent Lightning Network so we not have any problems today.But everything is made for good reason and if you search Satoshi posts on this forum : https://bitcointalksearch.org/user/satoshi-3 (yes,this is Satoshi Nakamoto profile) some things become a bit clearer.

I think 21 million BTC total supply is optimal number,it could be a million less or million more,but 21 billion is too much and I doubt the price will be even 10% of today value.Some may say that bigger number of total BTC will help to fairer distribution,but BTC is here from 2009. so all have chance to join to this train,and even today is no to late.3+ million BTC is still waiting to be mined,and price is today very low from what we may expect in next 5-10 years.

Hello Peeps,

Here is a game theory question to question the rush and rash in bitcoin world.

The number of bitcoins is limited to 21 millions with 8 zeros in fractions. What if the fractional places would have been 5 instead of 8 and total coins in circulation would have been 21 billion coins with same generation span, do you believe that price would be same as now? By same generation span, I mean that generation per block would be 1000 times more than the actual so that the world get 21 billion bitcoins in same span as actual.

What if the fractional places would be still 8 with 21 billion coins in circulation in same generation span? Would the price be still the same as now?

Is number a problem?
Hypothetically, To correct the market behavior of mad rush towards sustainability, shall we create a new taxonomy say "TheCoin" which is 1000th of Bitcoin and convert  all exchanges and conversations in new taxonomy?

I think number is a problem.

What do you think?

Well obviously, the larger the market cap, the lower the demand amd its market value. It has to do with the law of supply and demand. Anything from the market which is having a limited supply will have a high demand which will alsp result for its value to be much expensive especially if the limit is already reached, it will make the demand soar.



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Disclaimer: I hold bitcoins. And working on new coins. I hate ICOs. I think privacy is overrated. I believe privacy is necessary but not always.

Have you ever read about inflation? it is a situation where an item more difficult to find food will be more expensive the price of the item. like Bitcoin, if Max supply has reached 21 billion then it will be more expensive Bitcoin. You should think Right Now,  to make the decision to save some of your Assets in bitcoin for your own future

Hello Peeps,

Here is a game theory question to question the rush and rash in bitcoin world.

The number of bitcoins is limited to 21 millions with 8 zeros in fractions. What if the fractional places would have been 5 instead of 8 and total coins in circulation would have been 21 billion coins with same generation span, do you believe that price would be same as now? By same generation span, I mean that generation per block would be 1000 times more than the actual so that the world get 21 billion bitcoins in same span as actual.

What if the fractional places would be still 8 with 21 billion coins in circulation in same generation span? Would the price be still the same as now?

Is number a problem?
Hypothetically, To correct the market behavior of mad rush towards sustainability, shall we create a new taxonomy say "TheCoin" which is 1000th of Bitcoin and convert  all exchanges and conversations in new taxonomy?

I think number is a problem.

What do you think?





---------------------------------------------------------------------------------------------------------------------------------------------------------
Disclaimer: I hold bitcoins. And working on new coins. I hate ICOs. I think privacy is overrated. I believe privacy is necessary but not always.