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Money supply is limited to 21 million bitcoin ever. Plus, as more people bring more mining computers online, it become harder over time to mine.
by kiba 16y ago
Money supply is limited to 21 million bitcoin ever. Plus, as more people bring more mining computers online, it become harder over time to mine.
- nkurz 16y agoWhile I understand that this is the current plan, what is the guarantee that this plan will not be changed? Is this a technical limit, or a social one?
- sgornick 16y agoThe "plan" is implemented through the bitcoin protocol and software. Any change would need 50% + 1 of the bitcoin network to follow the new rules. An effort to change the software to "mint" a greater amount will be countered by those who already hold bitcoins, and can add mining capacity to resist the change. Another implementation could be launched with a different limit, but that would be a completely separate, new currency.