Can Bitcoin’s hard cap of 21 million be changed?
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Wouldn’t that completely devalue the coin?
Would be like the Fed printing more dollars…
Demand>Supply =Bitcoin 🚀🌕
And supremely piss off BTC maxis
It would. I hope it’s not possible / doesn’t happen.
Is it theoretically possible? Yes. Will it ever happen? Almost definitely not.
Tldr: no.
It would be the beginning of the end of Bitcoin
Not having a tail emission will probably be worse
Short answer: No.
Long answer: Nope, definitely not.
Bitcoin’s strength as a store of value and hedge against inflation is because of its built-in scarcity. Once you’ve messed with it once, you can’t unring that bell and nothing will stop further edits to the hard cap.
don’t know how to put it subtly, but nope
Yes it could. It is just a variable in one line of code actually. However the change proposal would have to be 1) approved by the core developers 2) implemented 3) approved by all the miners 4) approved by all the nodes. The chances of 1-4 and especially 3 happening is close to zero.
Yeah. It is just a config value in your wallet.
Bitcoin Pros & Cons – Participate in the r/CC Cointest to potentially win moons. Prize allocations: 1st – 300, 2nd – 150, 3rd – 75.
Sort comments as controversial first by clicking here. Doesn’t work on mobile.
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
Wouldn’t that completely devalue the coin?
Would be like the Fed printing more dollars…
Demand>Supply =Bitcoin 🚀🌕
And supremely piss off BTC maxis
It would. I hope it’s not possible / doesn’t happen.
Is it theoretically possible? Yes. Will it ever happen? Almost definitely not.
Tldr: no.
It would be the beginning of the end of Bitcoin
Not having a tail emission will probably be worse
Short answer: No.
Long answer: Nope, definitely not.
Bitcoin’s strength as a store of value and hedge against inflation is because of its built-in scarcity. Once you’ve messed with it once, you can’t unring that bell and nothing will stop further edits to the hard cap.
don’t know how to put it subtly, but nope
Yes it could. It is just a variable in one line of code actually. However the change proposal would have to be 1) approved by the core developers 2) implemented 3) approved by all the miners 4) approved by all the nodes. The chances of 1-4 and especially 3 happening is close to zero.
Yeah. It is just a config value in your wallet.