Bitcoin Forum

I think the next currency that prevail  will not have the 21m limit,  or other limits;  please comment

Other cryptos have tried it. Not sure what the effect is. Also, why do you think 21 is not enough?

Yes, please state why you think it isn't enough. More decimal places can be added so there's more than enough to go around. If you want a crypto with billions of coins try a crapcoin or something.

In order for a crypto currency to be successful it will need to have an upper limit otherwise it will be contentiously inflationary, whose inflation rate will rise at an ever increasing rate.

The 21 million bitcoin limit is really arbitrary because bitcoin can be divided into 8 decimal places and the protocol can easily be forked to allow for a more precise measure if the value of bitcoin were to increase too much

To be more precise, we are talking about infinite divisibility.

The effect was a decrease in monetary value lol


Exactly what he said.

This is possible if the protocol were to be forked in the future, however it is neither needed nor possible now. Even though the protocol has always been divisible to up to 8 decimal places, for a while QT would only display two decimal places by default

nice trolling.

if so then they will not have a value like bitcoin
i believe that the next big crypto currency will be based on POS algo with a decent interest rates

there are thousands of alt coins with bigger limits than 21M

Go for them if you think 21M is enough to destroy the usability of BTC in the long run

the limit isn't the problem. Newsmedia who say the limit would be the problem are just the parrots of the existing powerstructure which is in fact scared by the hard limit because it threatens their moneypolicies. So in case bitcoin fails they will try to tell you it's because of the hard limit but that's a bold faced lie. Bitcoin fails because of the inflation or maybe because Karpeles sells the stolen coins but bitcoin fails not because of the hardlimit - that's propaganda from the existing powerstructure.

bitcoin has its value because of its limited supply, if you want to see a lot of coins in your wallet then you should give a try to altcoins like Doge that have big supply, do you think that bitcoin will stay same if total supply is increased?
it will crash badly

I prefer the limit, coin values good that way.  Some coins have just a small amount that will continue to let the number of coins grow with almost the same effect.

There were some alts that reduced their total coins due to be minted to increase the price. It worked, and increasing the total coins due to be minted would probably crash the price.

i think it is guldencoin more than 21m

Writcoin™ (https://bitcointalk.org/index.php?topic=776426.0) creates a heterarchical (https://en.wikipedia.org/wiki/Heterarchy) monetary authority (https://en.wikipedia.org/wiki/Monetary_authority) by permitting its end users to “spend” money into existence—approximating anarchist communism (http://dwardmac.pitzer.edu/anarchist_archives/kropotkin/revpamphlets/anarchistcommunism.html).

The actual number doesnt matter. Bitcoin can be divided into smaller units which work usually fine.

If you are talking in terms of inflation, some believe that a currency with a supply cap may lead to other problems.

What problems? I ask because there are coins like Nxt with a fixed quantity of coins from day one.

Unwieldy decimalization (https://en.wikipedia.org/wiki/Decimalisation).