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> Bitcoin's power lies in its controlled supply that is absolute and guaranteed. Bitcoin's supply limit is only as guaranteed as the community consensus around
by yokem55 5y ago
> Bitcoin's power lies in its controlled supply that is absolute and guaranteed.
Bitcoin's supply limit is only as guaranteed as the community consensus around what the supply limit should be. Now that consensus is unlikely to change, but there is no magic or law of physics that makes it so.
It's just (a strong) community consensus.
- fleddr 5y agoTechnically, you're right, but the word "just" strongly undersells the strength of this consensus compared to fiat currencies, which has none at all.