4 ms·
> As of writing, there are 1,960,775 bitcoin remaining to be mined. There will be more: https://henvic.dev/posts/bitcoin/#scarcity https://henvic.dev/posts/bit
by henvic 4y ago
> As of writing, there are 1,960,775 bitcoin remaining to be mined.
There will be more: https://henvic.dev/posts/bitcoin/#scarcity https://henvic.dev/posts/bitcoin/#scarcity
They'll find a way to convince more suckers to adopt the shitcoin.
- ntoskrnl 4y agoSorry, is that link arguing that bitcoin is not scarce because each bitcoin can be divided into smaller units?
- everfree 4y agoLooks like it is. If you subdivide something, that doesn't make more of it.
- smnplk 4y agoIn the future, BTC could be more abundant, because devs in bitcoin core can increase the upper limit of max bitcoins ever mined.
- mirceal 4y agoIn the future, we will all drink Gatorade and have a president wrestler. You see, I can also make stuff up. It may also happen! Saw a documentary about this already.
- ntoskrnl 4y agoSure, if they also convince every miner, user, and exchange on earth to download the fork and agree to the protocol change. That's like saying "in the future the linux kernel could be insecure, because the devs could add a keylogger"
- smnplk 4y agoThere is a BIP process in place and there were many upgrades already done to the software that runs BTC nodes. But I don't really care for Bitcoin either way. It can never be a currency. >> That's like saying "in the future the linux kernel could be insecure, because the devs could add a keylogger" This is just informal fallacy. Is increasing hard cap immediate threat to btc ? I don't think it is. Bitcoin has so many other unsurmountable obstacles, that it's "monetary policy" is irrelevant.