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Which was acknowledged, but it's not clear why that upper limit would be relevant to economic decisions today. Nobody's investing today based on predictions of
by SpicyLemonZest 6y ago
Which was acknowledged, but it's not clear why that upper limit would be relevant to economic decisions today. Nobody's investing today based on predictions of exactly what the world will look like in 2140; they're making predictions over at most a couple decades, and over that period the Bitcoin supply will see a significant continual increase.
- imhoguy 6y agoBy that time we either break SHA256 or burn the entire planet to fuel the virtual greed.
- bitxbitxbitcoin 6y agoHow significant is it really? There will be less than 15% change in the total supply and the majority of that actually will happen in the next few decades.
- SpicyLemonZest 6y agoIf you ask me personally, I'm not convinced the number of base units in existence is an important metric for any currency. (In the US dollar for example, this is called the "monetary base", and neither fans nor detractors of American monetary policy point to it very often.) It's just an illustration of the fact that the value of Bitcoin can't come deterministically from its restricted supply - if it did, that 15% supply increase would equate to a 13% loss for all holders.
- tromp 6y agoI try to answer that in https://john-tromp.medium.com/a-case-for-using-soft-total-supply-1169a188d153 https://john-tromp.medium.com/a-case-for-using-soft-total-su...