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I always think there will only ever be 21 million bitcoins in existence ever. Ever. So what do you think is a fair price for that?
by kinnth 9y ago
I always think there will only ever be 21 million bitcoins in existence ever. Ever. So what do you think is a fair price for that?
- acjohnson55 9y agoWhy is that important? Many things in this world are limited in quantity.
- jhwang5 9y agoYou know miners can just make one software update and change that right?
- nickporter 9y agoThey'd be mining an altcoin because those blocks would be rejected by the network.
- jhwang5 9y agoYeah of course but what makes you think the other branch survives? No guarantees there.
- taternuts 9y agoAnd convince >51% of other miners to run that update
- bsaul 9y agoI'm not sure if you imply the price should therefore be high (because it's rare), or 0 (because it proves its inability to work as a currency).
- michaelchisari 9y agohttps://www.quora.com/What-are-some-examples-of-things-that-are-rare-yet-worthless https://www.quora.com/What-are-some-examples-of-things-that-...
- GenericsMotors 9y ago> I always think there will only ever be 21 million bitcoins in existence ever. Ever. So what? If I launch a cryptocurrency that will only ever mine 21 coins, how does that make it magically orders of magnitude more valuable than bitcoin just because it's more scarce.