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How likely is it that future hard-forks will increase the number of bitcoins?
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Topic: How likely is it that future hard-forks will increase the number of bitcoins? (Read 1014 times)
crazyivan
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Re: How likely is it that future hard-forks will increase the number of bitcoins?
March 12, 2016, 12:12:16 PM
#21
I think there s 0% possibility for something like this to take place cause people would simply abandon crypto should this happen. Reputation s everything in crypto, you lose that, u lost everything.
For security, your account has been locked. Email
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HeroCat
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Re: How likely is it that future hard-forks will increase the number of bitcoins?
March 12, 2016, 02:39:31 PM
#22
China with their large BTC mining farms can make BTC price lower with time. China have cheap electricity, own computer manufacturers, and also cheap premises building so their expenses are low.
Chris!
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Re: How likely is it that future hard-forks will increase the number of bitcoins?
March 12, 2016, 02:42:00 PM
Last edit: March 12, 2016, 11:24:14 PM by Chris!
#23
There will never be a need/point in making more Bitcoins than 21M.
Worst case scenario:
if
Bitcoins are worth some astronomical amount (say $1M or $10M) they'll just be broken down to 10, 12, 16 decimal points. The only time this would happen is if there was a need for it though.
ATguy
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Re: How likely is it that future hard-forks will increase the number of bitcoins?
March 12, 2016, 03:35:31 PM
#24
The likelihood of future hard-fork increasing the number of Bitcoins is very small, because before activated, the chanes are most holders would sell/spend their coins thus the Bitcoin price crashing hard and probably never recovering later - not in interest of miners who invested longterm to ASIC units and need price of Bitcoin to not crash.
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a7mos
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Re: How likely is it that future hard-forks will increase the number of bitcoins?
March 12, 2016, 03:50:21 PM
#25
I believe that no one in the community will agree about increasing the limit of bitcoin which I believe is enough. because we do not have 21 million coins only, but the can be divided to 2100000000000000 "two quadrillion, one hundred trillion" small units so why would we need more ?
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