Questions from a beginner

[Hatcher]

European Union Parliament also have people from many different countries and this people are influenced by Millions of people from all these coutries who can talk to them and all of them uses the money Euro

Even with this millions of people from different places discussing they still choose the option to print more Euro, and they all use Euro so they think its a good thing for them

Seems to me a very ingenous idea that the 21 million limit will be respected lol

You really dont know Economics, motivations, big scale money theory

First of all, your line of reasoning is fallacious because it implies that miners will be benefited if the bitcoin supply were increased but this could not be further from the truth. The reason why there is no conspiracy to increase this limit is because we are all able to follow the chain of consequences that this action would bring about, which you seem unable to do. An increase of the limit of bitcoins would violate the core principles of bitcoin (that of a deflationary decentralized cryptocurrency) which is why people are interested in the first place, which would in turn decrease the value of bitcoin. So no, this would not benefit the miners whatsoever.

[DannyHamilton]

Seems to me a very ingenous idea that the 21 million limit will be respected lol

You really dont know Economics, motivations, big scale money theory

It doesn't need to be "respected".  It only needs to be enforced.

If you want bitcoin to remain at a limit of 21 million, all you need to do is run a node and a miner.  So long as there is at least 1 node and 1 miner that are enforcing the 21 million limit, bitcoin will continue to exist with a 21 million limit.  You can stop the whole world from changing it all by yourself if you want to.  Sure, they can create their own inflate-a-coin bitcoin fork, but the original bitcoin with the 21 million limit will still exist and could still be used by those that believe in it.

Then people can decide if they prefer to use your 21 million limit bitcoin that you are still running, or the other inflate-a-coin bitcoin that others are using.

[DannyHamilton]

Your post will become a meme in 2040  

Why wait until 2040?  Why not make it a meme now?

[xaioret]

European Union Parliament also have people from many different countries and this people are influenced by Millions of people from all these coutries who can talk to them and all of them uses the money Euro

Even with this millions of people from different places discussing they still choose the option to print more Euro, and they all use Euro so they think its a good thing for them

Seems to me a very ingenous idea that the 21 million limit will be respected lol

You really dont know Economics, motivations, big scale money theory

First of all, your line of reasoning is fallacious because it implies that miners will be benefited if the bitcoin supply is increased but this could not be further from the truth. The reason why there is no conspiracy to increase this limit is because we are all able to follow the chain of consequences that this action would bring about, which you seem unable to do. An increase of the limit of bitcoins would violate the core principles of bitcoin (that of a deflationary decentralized cryptocurrency) which is why people are interested in the first place, which would in turn decrease the value of bitcoin. So no, this would not benefit the miners whatsoever.

lol

Politicians have a lot of money and they still choose to print more money, do you think they would do that if it was bad for them? lol

Bitcoin will work the same way when 21 million limit is reached

[AgentofCoin]

...
So if is good for the miners and all of miners agree they can "print" as many bitcoins as they want
Right?
Seems to me exactly the same as government money

You don't understand the scope of "all the miners". There are miners in China, huge factories there. Miners in America, miners in Sweden, miners here, miners there. You're not going to convince everyone to increase the supply of bitcoins, since it will have devastating effects on the value and strength of bitcoin which is why they are mining it in the first place.

European Union Parliament also have people from many different countries and this people are influenced by Millions of people from all these coutries who can talk to them and all of them uses the money Euro
Even with this millions of people from different places discussing they still choose the option to print more Euro, and they all use Euro so they think its a good thing for them
Seems to me a very ingenous idea that the 21 million limit will be respected lol
You really dont know Economics, motivations, big scale money theory

You don't understand the whole Bitcoin system.

Most simply for you:
If miners make more coins, they lose those coins and we all see what they did.
You can not print more money the way governments currently do, it is much harder in Bitcoin.

[Hatcher]

European Union Parliament also have people from many different countries and this people are influenced by Millions of people from all these coutries who can talk to them and all of them uses the money Euro

Even with this millions of people from different places discussing they still choose the option to print more Euro, and they all use Euro so they think its a good thing for them

Seems to me a very ingenous idea that the 21 million limit will be respected lol

You really dont know Economics, motivations, big scale money theory

First of all, your line of reasoning is fallacious because it implies that miners will be benefited if the bitcoin supply is increased but this could not be further from the truth. The reason why there is no conspiracy to increase this limit is because we are all able to follow the chain of consequences that this action would bring about, which you seem unable to do. An increase of the limit of bitcoins would violate the core principles of bitcoin (that of a deflationary decentralized cryptocurrency) which is why people are interested in the first place, which would in turn decrease the value of bitcoin. So no, this would not benefit the miners whatsoever.

lol

Politicians have a lot of money and they still choose to print more money, do you think they would do that if it was bad for them? lol

Bitcoin will work the same way when 21 million limit is reached

Bitcoin is not run by politicians.

[xaioret]

European Union Parliament also have people from many different countries and this people are influenced by Millions of people from all these coutries who can talk to them and all of them uses the money Euro

Even with this millions of people from different places discussing they still choose the option to print more Euro, and they all use Euro so they think its a good thing for them

Seems to me a very ingenous idea that the 21 million limit will be respected lol

You really dont know Economics, motivations, big scale money theory

First of all, your line of reasoning is fallacious because it implies that miners will be benefited if the bitcoin supply is increased but this could not be further from the truth. The reason why there is no conspiracy to increase this limit is because we are all able to follow the chain of consequences that this action would bring about, which you seem unable to do. An increase of the limit of bitcoins would violate the core principles of bitcoin (that of a deflationary decentralized cryptocurrency) which is why people are interested in the first place, which would in turn decrease the value of bitcoin. So no, this would not benefit the miners whatsoever.

lol

Politicians have a lot of money and they still choose to print more money, do you think they would do that if it was bad for them? lol

Bitcoin will work the same way when 21 million limit is reached

Bitcoin is not run by politicians.

Human motivation is the same

Wait until its reached and lets see what will happen, it will reach around 2033 right?

So before 2040 will become a "consensus" that this limit needs to increase

For sure

[AgentofCoin]

European Union Parliament also have people from many different countries and this people are influenced by Millions of people from all these coutries who can talk to them and all of them uses the money Euro

Even with this millions of people from different places discussing they still choose the option to print more Euro, and they all use Euro so they think its a good thing for them

Seems to me a very ingenous idea that the 21 million limit will be respected lol

You really dont know Economics, motivations, big scale money theory

First of all, your line of reasoning is fallacious because it implies that miners will be benefited if the bitcoin supply is increased but this could not be further from the truth. The reason why there is no conspiracy to increase this limit is because we are all able to follow the chain of consequences that this action would bring about, which you seem unable to do. An increase of the limit of bitcoins would violate the core principles of bitcoin (that of a deflationary decentralized cryptocurrency) which is why people are interested in the first place, which would in turn decrease the value of bitcoin. So no, this would not benefit the miners whatsoever.

lol

Politicians have a lot of money and they still choose to print more money, do you think they would do that if it was bad for them? lol

Bitcoin will work the same way when 21 million limit is reached

Bitcoin is not run by politicians.

Human motivation is the same
Wait until its reached and lets see what will happen, it will reach around 2033 right?
So before 2040 will become a "consensus" that this limit needs to increase
For sure

All that is for sure, is that you have revealed your stupidity.
Go do some more reading, you have no understanding of Bitcoin.

[DannyHamilton]

it will reach around 2033 right?

No.

The limit won't be reached until somewhere around the year 2140.

We will all be dead by then.  None of us will ever know what the future generations decide to do with the limit.

[ebliever]

Human motivation is the same

Wait until its reached and lets see what will happen, it will reach around 2033 right?

So before 2040 will become a "consensus" that this limit needs to increase

For sure

You are not making any sense. Let's say someone proposes doubling the number of bitcoins mined. Given the same degree of interest in bitcoin, that would cut the value of the bitcoins I and every other bitcoin owner holds in half, and the same for the value of coins mined by the miners. Where is the incentive for anyone involved in the bitcoin ecosystem to do that?

I would point out again that your reasoning is completely ignoring eight years of reality. Much has changed in eight years. The supply trajectory of bitcoin has not. Not from day 1.