Bitcoin Forum

I heard that many people lose their coins and the current volume of BTC is not current at all)
How do you think will Satoshi add some in future?

One of the reasons why bitcoin becomes so expensive right now is because of its finite number.  A limited number of bitcoins in circulations really makes it more valuable since there will always be a limited supply for the increasing numbers of bitcoin investors. Increasing the number of coins is not possible and highly ill advised,  it would always be better to just divide what is already available than to add a coin and cause chaos.

So far the total supply of Bitcoins is 21 Million. And as long as it reduces the Bitcoins value to the point that it can no longer be purchased. So, if many people buy it, the price increases. And as you say if it can be added I think it is not possible. Because if it increases the value of bitcoins due to increased supply and bitcoins will be cheap. This is because of the addition of supply

The circulating supply of Bitcoin can be increased. This can happen as more people spend their coins, and as more coins are mined. However the overall amount of coins that will be created cannot be increased as its capped at 21 million. This is how Bitcoin was created and won't change.

They are every day.
With every block new coins are mined and are available out of nothing, so the supply of bitcoins running dry is not a concern for the near future.

I hope not cause if Satoshi changes the total supply amount of Bitcoin it'll change everything. The price of Bitcoin will dumped very quickly, the number of Bitcoin miner will decrease of course and after that Bitcoin will not stand at the 1st place of the coinmarket anymore cause their value has been changed. For me, it'll be really bad cause I'm holding my Bitcoin and waiting Bitcoin price reach to 10k$ so if Satoshi does it, I'll lose a lot of money :(

No, it would break the consensus rules, the founding principle and the community consensus.

Anddddd

It's totally unneccesary since a bitcoin is divisible by 100,000,000.  So if we get more people we can easily support selling them some and everybody has plenty of "satoshis" to spend. (A satoshi is 100,000,000th of a bitcoin). This way existing holders don't have to worry about inflationary coin generation making their coins worthless. It is ONE of bitcoins best feature.

How would Satoshi add more? It is hardcoded into the software. It would require a fork, and for miners/users to start using that fork.

Not sure if you're serious. It is impossible to add the current cap of the total no. of Bitcoins, unless there was a hard fork. You should know this.

But if ever there was a proposal or something, I do not think it would have enough backing from the community. The proposal would undoubtedly be ridiculed.

it is not called volume it is called cap or maximum number of coins to be mined.
and the amount that people lose or have already lost is not that much to cause any concern yet to warrant increasing that cap.
also bitcoin is not centralized like other things you may know so Satoshi can not do anything about that. it is the whole network that should decide something like that in a hard fork if needs be.

Satoshi likely wouldn't, but core developers could. If they did, though, they'd risk people abandoning bitcoin.

One of the fundamental principles of Bitcoin is the finite money supply. That feature is what makes the currency gain spending power, rather than lose spending power as is prevalent in today's fiat currencies. A major reason why fiat currencies lose spending power is because the central bank controlling the currency can increase the money supply.

The cap on maximum number of bitcoins can be increased but it will not be satoshi who increases the cap it will be the developers team, all they have to do is change the source code but by doing so there are chances of people leaving bitcoin as the main reason i use bitcoin is that it have a hard cap on maximum number of coins mined.

Satoshi has nothing to do with Bitcoin anymore.
It's probably for the best because he would be seen as a leader, which is something that Bitcoin isn't meant to have.

No coins should or will be added. That's what makes Bitcoin good. It's deflationary.

yes. we are new to it so we will first to know about it. Then we will get some information about it. Satoshi of course will add something about it in future we are waiting about it. Since the volume in recent days are less as compared to previous.

Unless long time bag holders start to dump their coins that's not gonna happen, I think later these coins will be around but is not the correct time, bitcoin is still not high amount.

nope, that is hardcoded in the program/protocol i gess.

if btc supply increases, then its value decreases.

if amount is fixed, then btc value increases.

All reports at this stage indicate that there is no capacity to increase the pool from 21 million. It is irrelevant though as fractions down to ridiculous levels are possible so it is all aesthetics. I'd like to hear views as to why a larger volume count would affect the price.

Not sure what your question exactly is, but i'm assuming that you're talking about the number of bitcoins available in circulation.

Yes. Coins do get lost in cyberspace every single day because of the fact that people may often be careless with their private keys/wallet recovery seeds. This leads to the inflation rate actually being less than the actual inflation rate set by the protocol, since losing coins equals deflation and offsets some of the inflation.

There is a hard cap on the number of coins available, ever. Which is 21 million. We cannot change this, unless a hard fork is done, which i doubt many people will follow at all.

If you are asking about whether or not the amount of bitcoin in circulation can be increased then yes. This is done through mining. Right now, each mined block will reward you with 12.5 BTC newly created bitcoins and that's essentially how new bitcoins are generated on the network.

However, every 4 years the amount halves. So the amount will never be able to exceed 21 million bitcoins in total.

Later on when block rewards are low, potentially the amount of lost coins could outweigh the amount of bitcoins generated, meaning that bitcoin becomes deflationary.

it may happen but if it really happens it will lower the btc value than it is now.

Many things will happen if the volume of bitcoin in circulation is currently improved, one of which is the decline the bitcoin prices. of course if increased bitcoin volume will have a positive and negative impact, but jike does allow me to also want to increase the volume of bitcoin because the current volume of bitcoin that's  very thinning and may decrease over time, so it is necessary to add volume to bitcoin, and maybe Satoshi will take care of this matter right away.

The only way to make the marketcap grow is just by more people being interested on cryptos, making them buy everytime more altcoins /bitcoins, that is the only way that the volume can increase. So that is why a lot of people who are not interested in cryptos are trying to make FUD, because they want to make a panic selling in order to make the marketcap bleed, to make the price go down.

That is btc big issue and like i know current devs it can be like five btc created,only one solution for now is eth smart contracts and pos,if will be no mining network will stop

After each halving we have less and less coins getting mined.
Just the next two will bring the reward to 3 coins per block.

That 21xx term when the supply will be done is a bit misleading because the block rewards in the last year will be better counted ins atoshi than in BTC. For example after the 10th halving the reward will be only 0.09 BTC and after the 30th  only 0.00000009.


Please go to the newbies and help section and spend some time there.
Reports? Capacity?

Let's say Ferrari will produce next years 30 billion cars. How much to you think the price for one will be in the end?

Or, the classic example...Zimbabwe.
Unlimited coins means exactly the opposite in price, as close as possible to 0.

It is technically impossible to increase the number of bicocones over 21 million. That's why bitcoin has such a high cost compared to altcoyins, which can be released an unlimited number. I think that we do not even need to look for probable ways to increase the number of bitcoins. In the world of crypto-currencies, there are a large number of other types of crypto-currency. Earlier there were more than a thousand, now their number has decreased to about nine hundred. There is a selection of their usefulness and vitality and this is a normal process. They gradually fill different niches, making our life more convenient and safer.

It is possible only core developers can do it,
BUT It is not so good Idea. If the total volume of Bitcoins will increase then the worth of BTC will decrease randomly.

There will only be a total of 21 million bitcoins available in the market (that is, once all bitcoins will be mined). Currently, there are already around 16 million bitcoins mined by btc miners (that is around 76% of the total number of bitcoins). Once all bitcoins were already mined, there are 2 scenarios that might happen on btc price: it will either rise up (if people will keep them or maintain the circulation of it in the market/trading sites) or will fall down (if people will sell all their bitcoins).

Putting that into perspective, increasing the total number of bitcoins (from 21M to more than that) will greatly affect the future of bitcoin and might make the people lose their interest on bitcoin.

According to me yes he might produce other Bitcoins, because if people will not able to get Bitcoin then they might shift to some other currency.

Well all here have said that the number of bitcoin will be 21 million and increasing it's possible number can make it's value collapse so I think Satoshi really know what he is doing with bitcoin after all, and done a possible thing with bitcoin so many investors can surely interact with it, And OP is asking this because he doesn't really know that bitcoin is only limited and thinking that there might be a way in increasing the number of bitcoin in the future, but doing this can surely be crucial to the price of bitcoin.

I think the core won't touch the total number of coin.  This is the reason why Bitcoin is going up in price.  Scarcity and rarity is what Bitcoin made special.  With the finite number of coins, the only way for Bitcoin is to go up in value while adoption is taking place.  The creator of this cryptocurrency is really genius.


Good to know you have a great source there :)

The limited supply will make the price go higher, i don't like the idea of unlimited supply or coins volume addition either, let it be like this right now, it's already perfect and make the price always growing.
there's no need of an additional coins since it's unnecessary, doesn't affect anything but make the price lower.

I think nothing will be added by satoshi and if for btc it's natural, because the nature of bitcoin is like that.
one of the factors that make up btc prices is if market demand is high.

Yes. With a hard fork, we can increase the volume of coins. But that doesn't mean that we need to mint additional coins just like the federal reserve. We can split the already existing Bitcoins in to 1,000 smaller coins. So the maximum supply will increase to 21 billion, from the current 21 million. The best thing is that the exchange rates will fall, from $4,200 per coin to $4.20 per coin.

I don't think volume of bitcoins can be increased and also it shouldn't increase as one of the reasons why bitcoin' value is so high is because of it is limited which us around 21 million.Increasing volume would only decrease it's value that's all it won't have any benefits.

I do not think so, the people who created bitcoin must have thought things through. And I'm sure they have other plans after the bitcoin gets mined.

There are millions of lost satoshis just in my many abandoned faucets that never went to a withdrawable amount.
I bet that's a common story. Someone should figure out how to get a digital satoshi vaccuum to inhale the abandoned bits, and turn in to actual funds.  Like satoshi recycling.

This is ridiculous. How come that the volume of bitcoin is not volume at all? You mean because its price is going down right now? Trust me it is not what you think it is. Every time the volume decrease doesn't mean it is no good at all, it is just normal, especially when its price is having a very huge DUMP. But eventually if this price goes up again, the expect that the volume in the market will rise.

If depends, if the creation of bitcoin tokens was created to be re-issuable then more tokens can be created but then it will affect the value and market floe of bitcoin in the crypto world.

I don't think that the volume of bitcoin can be increase because if so for sure there are already additional bitcoin in the circulation this is one of the reason why alt coins were introduce to divert the demand of bitcoin and if bitcoin supply will be increased the value will sure be cheaper again.

It could be that only a few owners can take it back with the various conditions set by the authorities. So we must be able to run well so that the possibility of missing coins previously can be returned in accordance with the previous amount because bitcoin often experience a fairly rapid price change.

I dont think it needs to be "increased". Bitcoin is infinitely divisible. If the need arises, then it will just be divided to smaller units.

It is one of the reason why bitcoin is worth something because of the determined number of coins that will be available in the market after everything is mined. What is the use of having additional coins in circulation? If coins can easily be added in the circulation then bitcoin will just be like the dollar that you have in your zinga poker account.

Volume of coin can be increased in many system. And the volume increased process is not any type of synchronous process.It is a randomly increase.

The total supply of bitcoin is 21 Million, and i think that no more volume can be added.
Is a predetermined volume and can not be increased

In case they increase the volume of bitcoin, then the price of bitcoin will become cheap.

Volume is the total amount of Bitcoin being traded/exchanged, of course it can be altered, hence the term 24h/Volume on Coinmarketcap for instance. OP means the max supply, however he is using the wrong term, max supply is the correct one.

The max supply of Bitcoin is 21 million coins, it was created  with that "term", thus, it can't be altered.

The quantity of BTK is limited as one of the factors making it valuable. Oil would have been cheap if it were very large and easy to mine.

For the original bitcoin, increasing the maximum possible amount of its production will have a negative impact on its cost. However, in time there will be a lot of breakaway coins from him, and their number can not be limited.

What drives bitcoins price is the scarcity of the coin. If the dev team simply starts minting new coins (above the 21kk cap), then it'll be no different than the USD dollar itself (that crypto is battling so hard against).

The value of coin will increase it depends on the supplier.

I agree with Ch1bi. We will be able to collect, spend, and retrieve coins but one thing we should remember is that it has a limited supply. The only thing that is increasing may be the number of people who uses it or there is an escalation on the people who mines it; basically the demand for it will increase but the amount of Bitcoin we have is definitely finite (as Ch1bi mentioned, there are only 21 million Bitcoins that is produced and is in circulation). Despite Bitcoins numbering into millions in amount, the demand for it has constantly increase making its value greater. In a nutshell, the volume of coins can be increased but this will degrade its value. So in order to preserve its worth, it's better to maintain its original volume.

I don't think so Bitcoin volume will increase. Because there is max. Supply of Bitcoin 21 million. That's why Bitcoin price is high. Because only limited coin is circulating. If more coin supply then Bitcoin price will be cheap . So in future Bitcoin will not add more coin I believe that.

In certain extent, it has been increased because of the previous forking, Bitcoin, Bitcoin Cash, Bitcoin Gold.

It is kind of like stock splitting / spin off in the traditional stock market now.

That is not the increasing of bitcoin bro. Since the Segregated witness take effect on bitcoin, after that block size will be increased and henceforth bitcoin transaction would be much faster than before and the confirmation limit will increase.
Now you guys find few days before since the miners moves to BCH you may find the network delay notification on that but bitcoin transaction still faster all the wallet by going with the default fees.

Technically its impossible to add up more bitcoins to the core network the supply limit of the whole blockchain is only 21 Million which cannot be increased in any way. But yes this is the analysis of the bitcoin core. if you talk about the other forks they can surely increase the supply of bitcoins.

Bitcoin has finite number and it cannot be grown already. One reason why bitcoin price keeps on growing is because it's supply is becoming more and more limited.  Bitcoon will not be bitcoin if the volume can be easily multiplied. Having definite number or volume is a good thing, and I think It would be also enough to have its current volume. Time will come that bitcoin miners will be having a hard time.mining it simple because its supply is becoming smaller and limited.

No Satoshi Nakamoto can not add the numbers of bitcoin, bitcoin is just 21.000.000 maximal supply
it has made bitcoin's price is more expensive and bitcoin be made for deflation,
all of the community of bitcoin especially the people who understand about the programming language
 can see the source of code bitcoin, so they can participate on control of the bitcoin.

bitcoin right now is limited that's why its price is surging like crazy supply and demand law does applies, adding? maybe when bitcoin halving occurs it may happen but that is only a possibility cause it depends on what would the miners are gonna decide

I think it is must to increase number or release new BTC, as only 21 millions bitcoins can miners can mine.

Bitcoin has its own value due to it supply as it is just 21 million in the word and it cannot be increased. I think if the total number of bitcoins are increased than it will affect the price of bitcoin and will disturb the flow too I think so it’s not a good idea for now.

There will only be a total of 21 million bitcoins available in the market (that is, once all bitcoins will be mined). Currently, there are already around 16 million bitcoins mined by btc miners (that is around 76% of the total number of bitcoins). Once all bitcoins were already mined, there are 2 scenarios that might happen on btc price: it will either rise up (if people will keep them or maintain the circulation of it in the market/trading sites) or will fall down (if people will sell all their bitcoins).

Putting that into perspective, increasing the total number of bitcoins (from 21M to more than that) will greatly affect the future of bitcoin and might make the people lose their interest on bitcoin.