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Author Topic: how many pieces of BTC?  (Read 522 times)
DOGE12321
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February 12, 2016, 12:24:43 AM
 #1

Do you guys think that bitcoin would increase the number of pieces of BTC in the future? I would also like to know if there is a maximum threshold for the coins.
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nachoig
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February 12, 2016, 12:29:48 AM
 #2

It's already increasing.  Wink

25 BTC or 2,5 billion atomic units each 10 minutes.

It's possible to create new subdivisions in case of issues.
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February 12, 2016, 12:58:59 AM
 #3

There's over one and a half quadrillion units available now. I think that's a problem we won't have to worry about for a long, long time to come. If it ever does arrive it'll be a nice problem to have.

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February 12, 2016, 01:09:03 AM
 #4

Do you guys think that bitcoin would increase the number of pieces of BTC in the future? I would also like to know if there is a maximum threshold for the coins.


It is possible but it will never happen. This was the reason I stopped using DOGE....
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February 12, 2016, 02:20:56 AM
 #5

Do you guys think that bitcoin would increase the number of pieces of BTC in the future? I would also like to know if there is a maximum threshold for the coins.


It is possible but it will never happen. This was the reason I stopped using DOGE....

I think the problem people have is they tend to equate 1 BTC with other units such as 1 USD. So this leads to thinking along the lines that 21 million is not that many, after all even if everyone in the US were to acquire some BTC, there would not be enough for everyone to possess a full BTC.

It may be better to think of 1 BTC as something like a $1,000,000 Bond or some other form of monetary holding and the satoshi as the more common (everyday) form. I picked the $1,000,000 example since that is the value BTC would need to be for 1 satoshi to equal $0.01 or 1 cent.

I believe there was discussion early on they could always tack extra decimals places at the end if needed, but never about raising the 21 million cap.
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February 12, 2016, 03:44:59 AM
 #6

Do you guys think that bitcoin would increase the number of pieces of BTC in the future? I would also like to know if there is a maximum threshold for the coins.


yeah I know only one piece of bitcoin but now how many pieces of bitcoin . I can,t know but my hope is only one piece of bitcoin

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February 12, 2016, 05:54:51 AM
 #7

You means the coin supply? Read this: https://en.bitcoin.it/wiki/Controlled_supply

If it's about the price, I think history will repeat, it will worth as $1000.
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February 12, 2016, 06:26:39 AM
 #8

why would you increase the number of bitcoins in circulation in the future? if the price of bitcoin goes up, then there is still eight decimal points that can cover the increase so you can spend low amounts ($1) and pay with decimal.

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NorrisK
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February 12, 2016, 06:55:12 AM
 #9

Do you guys think that bitcoin would increase the number of pieces of BTC in the future? I would also like to know if there is a maximum threshold for the coins.


It might be handy in the future, not because of rewarding the miners, the transactions will and should take care of that, but because of the growing population and lost coins. The distadvantage is ofcourse inflation, but the advantage is that it is extremely transparent and controlled.

The first step in making bitcoin more comprehensive is naming the smaller denominations so people don't pay with 0.001 bitcoin but with 1 millibitcoin or something.

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February 12, 2016, 08:19:46 AM
 #10

no, it will only go against what bitcoin is and its deflationary nature, why it should?

also it need to be hard forked, and it violate oen of the four rules of bitcoin
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February 12, 2016, 08:30:18 AM
 #11

You means the coin supply? Read this: https://en.bitcoin.it/wiki/Controlled_supply

If it's about the price, I think history will repeat, it will worth as $1000.
I totally agree it could climb up that high because it is very limited and there will be a time there will be no bitcoin to mine and so it is the right time investors are thinking to hold their bitcoin for the future,holding bitcoin is like an investment,that is if you are not tempted to sell it ..

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m3
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February 12, 2016, 09:02:38 AM
 #12

There is a max threshold set which is in the code. No way there can be more btc since there would be none to mine.

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