The Proposal To Increase Bitcoin Supply Above 21 Million Coins.

[Minecache]

Pretty shocked to hear this tabled. But what do others think of the proposal to increase bitcoins supply above Satoshis preprogrammed 21 million supply?

[traderbit]

Pretty shocked to hear this tabled. But what do others think of the proposal to increase bitcoins supply above Satoshis preprogrammed 21 million supply?

I think it isn't needed to increase the bitcoin supply, 21 Million are enough, but if the number of bitcoin will be increased then the bitcoin price will not be as it is right now.

[AmDD]

I think it would be suicide to increase it. Everyone bought into the idea of 21 millions coins and if that changes then its no longer "bitcoin". People will sell off and move to another coin. If there is ever a true need for more coins then we can add more decimal places and still keep the 21 million coins, but this would be years down the road from today.

[European Central Bank]

Who tabled it? Wasn't it dropped as a scare tactic by someone? I think if it was implemented then most people are gonna look into migrating elsewhere. I know I would. That's one of the cornerstones and if it's gone then nothing's sacred. Before we know it it'll end up like a Paypal that costs even more to use.

[tobacco123]

If this ever happen bitcoin will be dead... Many joined bitcoin because of it's gold like property of limited supply.

[AgentofCoin]

Pretty shocked to hear this tabled. But what do others think of the proposal to increase bitcoins supply above Satoshis preprogrammed 21 million supply?

In order for people to provide their opinions about this "shocking" proposal, we need a link to what you are talking about.
This has been brought up many times in the past, but I have never seen a "proposal".

Please provide a link.

[bittraffic]

if approved the price will soon dropped. 21 million is enough after all bitcoin has 8 decimals.

[bitkilo]

There is no good argument I have heard yet that increasing the coin limit would be a good idea.
21mil is what we all knew from the start and it should be set in stone.

Has anyone a link to such discussions?
Probably just a scare tactic by blockstream or another company.

[God27]

This will be talked about forever but for now what are all the reasons to increase it?

[The Sceptical Chymist]

I think it would be suicide to increase it. Everyone bought into the idea of 21 millions coins and if that changes then its no longer "bitcoin". People will sell off and move to another coin. If there is ever a true need for more coins then we can add more decimal places and still keep the 21 million coins, but this would be years down the road from today.

Hear hear.  It would indeed be suicide.  I'm pretty ignorant and I didn't even know this could be done.

[Holliday]

I just can't wait to install this software! Miners can't wait either, they love converting electricity to worthless tokens.

[Hirose UK]

If this ever happen bitcoin will be dead... Many joined bitcoin because of it's gold like property of limited supply.

yeah, limited supply makes bitcoin has high price right now. if the supply is added, I don't know, maybe the price will be down, and we all don't hope that will be happen.

[Kisleav]

That will course fluctuations in the bitcoins, and the need for me to work for them and hold them will be unrealized, hence dropping the coin

[Enotche]

My opinion, it all depends on the price. If at the time of the creation of 21 million Bitcoins price will be high, then this would be enough. But for what?
In any case, Bitcoin can also be used as an alternative, a second state currency. Besides, you can always make an alternative, such as a Dollar - Cent, Bitcoin - Altcoin.

[Kakmakr]

Anyone can propose any shit they want to, but there are very little people who would agree on this. We could not even reach consensus on a bigger block size, what makes you think we will agree on a contentious subject like this, that are even more controversial?

The people who already invested into Bitcoin will never allow this, because it will severely influence the price and also rape the basic principles of the whole experiment. This is Bitcoin, we do not copy cat the fiat system by increasing supply, without valid arguments to substantiate the need for it.   

[AGD]

Link or it didn't happen

[sirohige]

Pretty shocked to hear this tabled. But what do others think of the proposal to increase bitcoins supply above Satoshis preprogrammed 21 million supply?

for me staking reward or full nodes reward is better than increase supply.
21 million bitcoin is enough to be 1st strongest cryptocurrency if bitcoin price reach $1000 again.

[Kairoz]

I don't like that idea. Like everyone else said above, we can just add more decimals.

[1Referee]

There is absolutely no need to increase the coin cap as you can set your wallet to show mBTC or uBTC if you so wish. Stop talking nonsense. Coin cap is something no one should mess with.

[saiha]

Better to propose increase the bitcoins price forever to 21 million rather than requesting for more supply of bitcoins.
I don't think so this proposal will be granted.