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Title: Why Bitcoin has more than 21m supply Post by: KeenHero on November 14, 2017, 06:08:05 PM With every fork bitcoin supply is increasing so does the bitcoin bubble i mean everyone by now must be know that bitcoin is a bubble. why? every fork is zero to value! bubble!
but in my opinion bitcoin will be bitcoin forks dont matter they just increasing the coins! every forkable coin will fail in the future. just my 2 cents Title: Re: Why Bitcoin has more than 21m supply Post by: quantumcomputing11 on November 14, 2017, 06:11:37 PM I agree with you that these forks will ultimately fail because they are rooted in a place of greed but however I disagree with your title. Bitcoin will only have 21 million coins ever this is known, just because there are a lot of
forks upon it does not increase the supply to 63 million currently with more incoming. The total amount of bitcoin will always remain 21 million, this is not subject to change ever. Title: Re: Why Bitcoin has more than 21m supply Post by: TimtheYoutuber on November 14, 2017, 06:13:17 PM Bitcoin has bigger problems than the fork situations.
Title: Re: Why Bitcoin has more than 21m supply Post by: KeenHero on November 14, 2017, 06:14:24 PM Bitcoin has bigger problems than the fork situations. i know that also it does not scale, userbility is 0! ect Title: Re: Why Bitcoin has more than 21m supply Post by: Aura on November 14, 2017, 06:18:31 PM The forks don't increase the supply of Bitcoin (core).
After a fork a there will be a new altcoin with a snapshot of the fork's release time. This doesn't impact the Bitcoin blockchain in any way. Title: Re: Why Bitcoin has more than 21m supply Post by: Xavofat on November 14, 2017, 09:08:33 PM With every fork bitcoin supply is increasing No. The supply stays the same. A fork is introducing a new client and new coin. An accurate way to phrase the limit is that the current main chain will never have more than 21 million coins. While a new fork may become the main chain, anyone who wishes to preserve the 21 million limit can continue using the chain with the previous (and arguably correct) supply. userbility is 0 Usability is about 5tps in good conditions (with a large number of people using SegWit transactions).Title: Re: Why Bitcoin has more than 21m supply Post by: stomachgrowls on November 14, 2017, 09:12:39 PM With every fork bitcoin supply is increasing so does the bitcoin bubble i mean everyone by now must be know that bitcoin is a bubble. why? every fork is zero to value! bubble! Better to read up on what is fork so that you would able to know whats really the meaning of it. ;D Just to tell any forks doesnt really affect bitcoins total supply of 21 Million coins. Its just a new chain a new coin been created.but in my opinion bitcoin will be bitcoin forks dont matter they just increasing the coins! every forkable coin will fail in the future. just my 2 cents Title: Re: Why Bitcoin has more than 21m supply Post by: Barbarian on November 14, 2017, 10:04:25 PM With every fork bitcoin supply is increasing so does the bitcoin bubble i mean everyone by now must be know that bitcoin is a bubble. why? every fork is zero to value! bubble! This argument has been made many times and that is not correct, it is like saying that there are many more iphone just because there are pirate copies out there, the forks are nothing more than copies of bitcoin, but they are not bitcoin, there are only going to be 21 million bitcoins, if some other coin wants to print more than that is on them.but in my opinion bitcoin will be bitcoin forks dont matter they just increasing the coins! every forkable coin will fail in the future. just my 2 cents Title: Re: Why Bitcoin has more than 21m supply Post by: panju1 on November 14, 2017, 10:04:38 PM With every fork bitcoin supply is increasing so does the bitcoin bubble i mean everyone by now must be know that bitcoin is a bubble. why? every fork is zero to value! bubble! but in my opinion bitcoin will be bitcoin forks dont matter they just increasing the coins! every forkable coin will fail in the future. just my 2 cents A fork does not increase bitcoin's money supply. It merely is a gift to existing Bitcoin holders. There is a big difference between the two. Bitcoin (in whatever surviving form) will continue to have a cap on total supply - 21 Million. Nothing can change that. Title: Re: Why Bitcoin has more than 21m supply Post by: SUDARMONO on November 14, 2017, 10:30:28 PM it's true because most of the time, dirty coin coin usually in the long run or future is rarely or not in the same equally develofer equally great coin coin always treated to always walk face the future and will always give profit to the investor.
Title: Re: Why Bitcoin has more than 21m supply Post by: salihno71 on November 14, 2017, 10:39:19 PM With every fork bitcoin supply is increasing so does the bitcoin bubble i mean everyone by now must be know that bitcoin is a bubble. why? every fork is zero to value! bubble! but in my opinion bitcoin will be bitcoin forks dont matter they just increasing the coins! every forkable coin will fail in the future. just my 2 cents Forked coins are not bitcoins. There will be max 21 million coins. In usage even less because there are many lost coins. Title: Re: Why Bitcoin has more than 21m supply Post by: MiningSensei on November 14, 2017, 10:43:19 PM of course that those altcoins who came from forks are not real bitcoins, and this is why bitcoin only has only 21 million bitcoins who makes the total supply, and only 16 millions and a half have only been mined until today.
So it will take less than 100 years to reach that total supply, we are not even going to be alive to see it happening, if bitcoin would be still alive too.. There is no need to worry about, and those forked coins, are not even going to be a live for the next months, they are a fail, bitcoin cash was the only good one of them. Title: Re: Why Bitcoin has more than 21m supply Post by: centralbanksequalsbombs on November 14, 2017, 10:45:47 PM LOL HAHAHAHAHA
There is only ONE, real BITCOIN. And its actual real supply max is far below 21m coins. LOL. please educate yourself. Altcoins = Scamcoins = forks = failures "Bitcoin Classic" failure "Bitcoin XT" failure "Bitcoin Unlimited" failure "Bitcoin Cash" failure "Bitcoin Segwit2x" (BTC1) failure A non-decentralized "Blockchain" is a private database....Private databases has virtually no value! BLOCKCHAIN without bitcoin = SCAMCHAINS, useless unsecure private databases BLOCKCHAINS without bitcoin ARE SIMPLY PRIVATE DATABASES that every small business has even a coffee shop = NO VALUE, its like fiat currency, small minimal value! BITCOIN BLOCKHAIN = SECURE IMMUTABLE VALUABLE OPEN-SOURCE DECENTRALIZED FAIR (scarce bitcoin supply). Globally people poured over $80Billion (USD) equivelent value into bitcoin and this will increase with time. - - - - Who next? Honestly, it's a bit disappointing that none of these actually got to the point of a miner-backed attack, since they would've lost, and that would've once-and-for-all put an end to the "miners control Bitcoin" narrative. Oh well. A lot of companies showed their true colors here. Some stuck their necks out in the right direction and deserve recognition. And some were clearly working against Bitcoin, to varying degrees. We should make a comprehensive list at some point. To everyone who helped fight against S2X in any way: thank you for defending Bitcoin! While I have little doubt that these companies will try something again, I think that the community is progressively getting "immunized" to these attacks, and the attackers need more and more resources to put up the same fight. Hopefully this one will be the last really dangerous one for a while. We must always remain vigilant, however. Title: Re: Why Bitcoin has more than 21m supply Post by: bitcoindusts on November 14, 2017, 10:55:55 PM With every fork bitcoin supply is increasing so does the bitcoin bubble i mean everyone by now must be know that bitcoin is a bubble. why? every fork is zero to value! bubble! but in my opinion bitcoin will be bitcoin forks dont matter they just increasing the coins! every forkable coin will fail in the future. just my 2 cents Are you serious about this? I think you should know first that aside from Bitcoin there is a thing called altcoin and altcoin is far different than Bitcoin. They have different blockchain and different network. Aside from that, they have different ticker and set of community too. Bitcoin as we know it have a fixed amount of total coins unless the dev decided to modify its code and add more coins to it. Title: Re: Why Bitcoin has more than 21m supply Post by: EcoChavCrypto on November 14, 2017, 11:00:54 PM What do you mean by saying that bitcoin has more than 21 million? It is impossible, just look at coinmarketcap, it has only 21m of total supply and less than 17 millions in circulation at the moment, and there are a few bitcoins mined everyday. The forks are not expanding the max supply, they are just new coins, they have different supply, and they dont affect the price of bitcoin or vice versa.
It is all a different thing, i dont know why you are worried about this, because bitcoin will always have only 21m. Title: Re: Why Bitcoin has more than 21m supply Post by: squallw on November 15, 2017, 12:50:00 AM Noobie saying noobish things. Bitcoin supply is not increasing.
When fork happens in some blockchain, we have all history of original blockchain, but the new coin isn't the same, is a new alt coin. You can create a totally new alt coin from zero or you can just copy the current blockchain history(fork) and create a new coin. Title: Re: Why Bitcoin has more than 21m supply Post by: eminemcookie on November 15, 2017, 12:51:44 AM With every fork bitcoin supply is increasing so does the bitcoin bubble i mean everyone by now must be know that bitcoin is a bubble. why? every fork is zero to value! bubble! but in my opinion bitcoin will be bitcoin forks dont matter they just increasing the coins! every forkable coin will fail in the future. just my 2 cents The forks do not increase supply of bitcoin, they just create an altogether new coin with its own supply. I would say I agree for the most part that all of the forked coins are worthless, with the exception of bitcoin cash, as recent events have shown there is a strong demand for it and a real place alongside bitcoin, for now at least. Title: Re: Why Bitcoin has more than 21m supply Post by: Captain_Planet on November 15, 2017, 01:11:14 AM LOL BITCOIN has a fixed supply. "21,000,000 BTC", Forks dont increase bitcoin supply, what they do is making new coins with it. Please try to learn and increase your knowledge about bitcoins before posting.
Title: Re: Why Bitcoin has more than 21m supply Post by: jseverson on November 15, 2017, 05:06:25 AM Forked coins do not count towards Bitcoin's supply. They're part of a new chain and are no longer Bitcoins, just altcoins with Bitcoin's name appended somewhere. There is only one Bitcoin, and its supply is limited to 21 million. It's alarming to me how some people think forked Bitcoins count toward the supply. It goes to show that not everyone who has invested has basic understanding of it. Forks have no direct effect on the coin they forked from.
Not every forkable coin will fail, but most forked coins will. Title: Re: Why Bitcoin has more than 21m supply Post by: dvabit on November 15, 2017, 05:08:43 AM It's all due to forks.. :(
Title: Re: Why Bitcoin has more than 21m supply Post by: Kakmakr on November 15, 2017, 06:15:17 AM The forks don't increase the supply of Bitcoin (core). After a fork a there will be a new altcoin with a snapshot of the fork's release time. This doesn't impact the Bitcoin blockchain in any way. Yes, BTC coincap stay the same, but the Blockchain is influenced with every fork. Let's look at mining for example. Once BTC fork, a bunch of miners leave to mine that fork and the hash power decrease on the BTC Blockchain. This has significant implications for the Blockchain, because it reduces Decentralization and it increase the Mempool, because there are less miners hashing out the transactions. <Yes, the difficulty might drop and the miners might return, but it is still very disruptive> These forks also takes investment capital away from BTC. The money used to buy forked coins, could have been invested in BTC. >:( Title: Re: Why Bitcoin has more than 21m supply Post by: akash15785 on November 15, 2017, 07:44:19 AM Bitcoin has bigger problems than the fork situations. You're saying bitcoin has bigger problem. Yet you're in bitcointalk and talking about bitcoin.. That's epic.. ??? ??? Title: Re: Why Bitcoin has more than 21m supply Post by: Agostosmori on November 18, 2017, 01:57:18 PM With every fork bitcoin supply is increasing so does the bitcoin bubble i mean everyone by now must be know that bitcoin is a bubble. why? every fork is zero to value! bubble! but in my opinion bitcoin will be bitcoin forks dont matter they just increasing the coins! every forkable coin will fail in the future. just my 2 cents If after a fork bitcoin's quantity is increasing then the new token should not be called by other name instead it should also be called as bitcoin. So that only means that the 21Million limit on the supply will never change no matter what happen and you can just ignore those forks besides they are just supported by particular group of people. Title: Re: Why Bitcoin has more than 21m supply Post by: bribed on November 18, 2017, 02:20:45 PM With every fork bitcoin supply is increasing so does the bitcoin bubble i mean everyone by now must be know that bitcoin is a bubble. why? every fork is zero to value! bubble! but in my opinion bitcoin will be bitcoin forks dont matter they just increasing the coins! every forkable coin will fail in the future. just my 2 cents Good point! Thats why I stay far away from all those forks. The pity with these forks is, that it can confuse and discourage people that are new to the space. We know that these coins will fail, but for someone that comes in new to crypto and sees this happen, just creating money out of hot air by a so called fork, will likely loose trust in the whole crypto space again. Blockchains sure must be able to be altered and adapt to new circumstances, but they will need to have a different way of doing it. Consensus has to be achieved differently. Title: Re: Why Bitcoin has more than 21m supply Post by: HasHe on November 18, 2017, 03:02:43 PM With every fork bitcoin supply is increasing so does the bitcoin bubble i mean everyone by now must be know that bitcoin is a bubble. why? every fork is zero to value! bubble! Bitcoin total supply is only 21 millions and it would remain unchanged forever.You have totally misunderstood about forks.These hard forks only try to create a clone of bitcoin and these clones would be only considered as a altcoin and not as bitcoin itself.So,21 million supply remains unchanged.So,just don't get confused about bitcoin's total supply.but in my opinion bitcoin will be bitcoin forks dont matter they just increasing the coins! every forkable coin will fail in the future. just my 2 cents Title: Re: Why Bitcoin has more than 21m supply Post by: PMmesexycoins on November 18, 2017, 03:17:29 PM Just gonna say there's greed and valid concerns on both ends.
And is an alt inferior just because it is an alt? Title: Re: Why Bitcoin has more than 21m supply Post by: webtricks on November 18, 2017, 03:45:39 PM With every fork bitcoin supply is increasing so does the bitcoin bubble i mean everyone by now must be know that bitcoin is a bubble. why? every fork is zero to value! bubble! but in my opinion bitcoin will be bitcoin forks dont matter they just increasing the coins! every forkable coin will fail in the future. just my 2 cents Interesting, you are asking question and giving answer yourself. However, it would be a great mistake to assume fork coins as increasing supply of Bitcoin. Anybody can fork Bitcoin and if we start assuming them to be real Bitcoin then Bitcoin supply will become unlimited artificially. Bitcoin is still a core and strong investment, many forks already happened but none was able to dilute its price. So real supply is still limited to 21M Title: Re: Why Bitcoin has more than 21m supply Post by: 2bfree on November 18, 2017, 03:56:41 PM If BTC is 80K Euro next November then how is it a bubble today?
Title: Re: Why Bitcoin has more than 21m supply Post by: ajmapalo22 on November 18, 2017, 04:15:43 PM The fork only introduce another alt coin that can possibly divert bitcoin market because developers see that the supply will soon not be available or enough with the growing demand of bitcoin. The fork can never increase the number of bitcoin that is a different thing. The supply is fixed and the only way to sustain the market is either increase the value of bitcoin of introduce another coin.
Title: Re: Why Bitcoin has more than 21m supply Post by: Felix1 on November 29, 2017, 01:25:47 AM Probably, you are forgeting that one Bitcoin represents 100 million indivisible units.
21 million coins - it's just over two quadrillion (2099999997690000) of the maximum possible units. It is assumed that by the time when the last Bitcoin is mined, the parts of the coin will be in circulation - millibots (mBTC) and microBit coils (μBTC). However, a denomination with coefficients of 1:10, 1: 100 and so on is also possible. So it will take less than 100 years to reach that total supply, we are not even going to be alive to see it happening, if bitcoin would be still alive too.. There is no need to worry about, and those forked coins, are not even going to be a live for the next months, they are a fail, bitcoin cash was the only good one of them. Title: Re: Why Bitcoin has more than 21m supply Post by: Beatcoin.it on November 29, 2017, 01:34:35 AM Bitcoin forks is just the miners who want to mine more profitable coin and shift the hype on others(like bch). Actually mine bitcoin is decent because the difficulty increased so much in last year.
Title: Re: Why Bitcoin has more than 21m supply Post by: RudeeTam on November 29, 2017, 02:18:28 AM With every fork bitcoin supply is increasing so does the bitcoin bubble i mean everyone by now must be know that bitcoin is a bubble. Every fork does not increase bitcoin's supply. The blockchains are separate from each other after the forks, each handling their own supply and transactions. Bitcoin is not a bubble as rationalized on the link below. It is not blind faith. It is faith based on technological and economical truth. https://news.bitcoin.com/is-bitcoin-a-bubble-no-but-things-could-get-wild/ (https://news.bitcoin.com/is-bitcoin-a-bubble-no-but-things-could-get-wild/) Title: Re: Why Bitcoin has more than 21m supply Post by: Rinsend on November 29, 2017, 05:46:06 AM With every fork bitcoin supply is increasing so does the bitcoin bubble i mean everyone by now must be know that bitcoin is a bubble. why? every fork is zero to value! bubble! why can you say that every coin that is created from a fork is 0?but in my opinion bitcoin will be bitcoin forks dont matter they just increasing the coins! every forkable coin will fail in the future. just my 2 cents I do not understand with this, whereas new coins created from fork are quite potential to follow such as bch that now the price has started high and that does not rule out the possibility that BCH will be able to compete with BTC in the future Title: Re: Why Bitcoin has more than 21m supply Post by: Brothersav on November 29, 2017, 05:47:05 AM the original chain will ever only have 21m. Considering most of alts are bought with BTC I think instills trust in the core currency
Title: Re: Why Bitcoin has more than 21m supply Post by: Alfredjohn on December 02, 2017, 08:14:05 AM Bitcoin has more than 21m supply because the supplier need to support there project.
Title: Re: Why Bitcoin has more than 21m supply Post by: Shenzou on December 02, 2017, 08:33:06 AM A fork does not mean that the szupply of bitcoin is being increased or decreased it has nothing to do with it, a fork is just creating a new currency that shares the same network as bitcoin, there were tow forks one for creating bitcoin cash and the other for creating bitcoin gold, this is just a way to make sure that after the bitcoin falles these coins will take over and linking them to bitcoin makes people think that it is a part of bitcoin, when it is not, it is just a new altcoin that happens to have the name bitcoin in it, think of it as bitcoin the king and these coins are thier rightfull successeures by blood.
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