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This and that there is a hard upper limit on the amount of bitcoin available. There will be no QE of bitcoin.

• blibble 9y ago
  until the miners are convinced otherwise bit like the central banks
  • keymone 9y ago
    not at all like central banks because mining is decentralized. Besides, there are also users and merchants who are just as important and miners don’t dare pushing changes that nobody wants.
    • littlestymaar 9y ago
      Do you realize that of miners decided to fork in favor of a model which is better fit them, there will be a shortage of block mining until the difficulty declines. Which means transactions would be frozen for around a month. I'm not sure users and merchands could stand that fight …
      • keymone 9y ago
        Some already did - bitcoin cash. Rational miners realize that forcing a protocol change that isn’t acceptable to users or merchants will destroy valuation of the fork they choose to mine, so there is discebtive from such behavior. But yes, if they do it anyway, there will be period with very slow blocks and that will hurt the project a lot but then difficulty will adjust downward.