The Proposal To Increase Bitcoin Supply Above 21 Million Coins.

[Herbert2020]

can you give the link to this proposal?
i have been hearing people dropping this (that seems to only be a rumor) here and there but they have never provided any link about who proposed this idea? so i am wondering is it something developers proposed or some random people?

[qiwoman2]

I think that would be a total disaster, I would prefer they decreased it but NOT to increase it. If Bitcoin was increased then the price would plummet and people would lose faith in it as a rare store of wealth and value.

[sirohige]

I think that would be a total disaster, I would prefer they decreased it but NOT to increase it. If Bitcoin was increased then the price would plummet and people would lose faith in it as a rare store of wealth and value.

so who want to burn his bitcoin..? i think decrease supply is not good idea, no people interesting to do it. and no people can control it, except satoshi nakamoto do swap from bitcoin to new bitcoin, and hardforking to new wallet.

[Rizky Aditya]

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.

Yeah. There really is no reason to get more than 21 million coins. The whole system has been designed for that amount, so we should just keep it that way.

[avikz]

Increasing bitcoin supply will not be good for the future pricing of bitcoin. If the supply increased suddenly, it will have a very serious impact on the bitcoin price and also it will take longer to recover.

Not happy with this proposal, it may ruin the interest of public about bitcoin and also ruin the hopes of better future price. Especially those, who are thinking short term profit.

[saiha]

Increasing bitcoin supply will not be good for the future pricing of bitcoin. If the supply increased suddenly, it will have a very serious impact on the bitcoin price and also it will take longer to recover.

Not happy with this proposal, it may ruin the interest of public about bitcoin and also ruin the hopes of better future price. Especially those, who are thinking short term profit.

The impact of more supply would be depending on the law of demand and supply.
It there would be more supply, the demand would become low and the price will decrease since people doesn't have difficulty to find more bitcoins.

[Rizky Aditya]

Increasing bitcoin supply will not be good for the future pricing of bitcoin. If the supply increased suddenly, it will have a very serious impact on the bitcoin price and also it will take longer to recover.

Not happy with this proposal, it may ruin the interest of public about bitcoin and also ruin the hopes of better future price. Especially those, who are thinking short term profit.

The impact of more supply would be depending on the law of demand and supply.
It there would be more supply, the demand would become low and the price will decrease since people doesn't have difficulty to find more bitcoins.

Well if there is more supply and the same amount of demand, then it is also not so good for Bitcoin. The price would also fall with the quantity.

[killerjoegreece]

If we eventually have more than 21 million the price will be much lower plus much confidence on the coin might be lost.

[justdimin]

Link or it didn't happen

Exactly. I don't know where this idea came from as I've never heard of any proposals to increase the supply cap. I did a little google search and no actual article or report is published on the first 10 pages.