A big problem in bitcoin ???

[shantoote]

I am not sure that this section is right to post my thread .
my question is :
since it was already fixed by the bitcoin owner network that 21 millions bitcoin can exist in the whole internet
But now I heard that now the mining of the bitcoin will be unlimited , I mean unlimited bitcoin will generate by the bitcoin network .
If this is real news then the value of the bitcoin will go down speedly
It is because the supply is unlimited so it is simple to say that bitcoin price will no more increase rapidly ., so no more profit

what's your thought guys

we have less than 21 Millions bitcoin so we have  limited supply not "unlimited" . but when can divided bitcoin into small parties MBTC ,... sat.

so we have unlimited satoshi (huge number) will make bitcoin survive in future  

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[Baofeng]

I am not sure that this section is right to post my thread .
my question is :
since it was already fixed by the bitcoin owner network that 21 millions bitcoin can exist in the whole internet
But now I heard that now the mining of the bitcoin will be unlimited , I mean unlimited bitcoin will generate by the bitcoin network .
If this is real news then the value of the bitcoin will go down speedly
It is because the supply is unlimited so it is simple to say that bitcoin price will no more increase rapidly ., so no more profit

what's your thought guys

I didn't read about the unlimited generation of bitcoins but if that is true then yeah i also think that the price would stop increasing at some point and there will not be rapid increase in price like its happening now. But,I just read about this topic and there is still no news about unlimited generation . So, please post the link where you read this.

The OP posted this back in March, I think this is in the middle of the scaling debate, and I think somewhere there is a lost in translation here. Maybe what he read is another FUD created to wreck havoc on investors mind to dump their bitcoins.

But for sanity's sake, this is not true, bitcoin has limited supply of 21M and there's a total of more than 16M already in circulation. And if you look at the price is not going down but the opposite is happening. Bitcoin reaching another all-time-high.

I think by now the OP has already ranked up and already knows that his believed is not true at all. And for those who have read this thread should not be believed on such statement but do their own research.

[ace4549]

I think there is no problem in the company and management of bitcoin because they provide excellent service to the customer with good feedbacks.
If there is one thing that the customer concern is the price always fluctuates which you do not know when it will goes up or down.

[rhamzter]

I think there is no problem in the company and management of bitcoin because they provide excellent service to the customer with good feedbacks.
If there is one thing that the customer concern is the price always fluctuates which you do not know when it will goes up or down.

So far so good, as of now I can't encountered bitcoin problem in terms of job and services, because this coin have a good reputation in the digital currency world so bitcoin was taking care of it. Moreover, I can't also meets person who have reclaimed regarding bitcoin and other crypto currency.

In additional most of the people now are happy this month, it is because bitcoin are continues increasing in the market, I guess it will continue for long period of time due to healthy movement of bitcoin in crypto currency industry.

[mharz]

I think there is no problem in the company and management of bitcoin because they provide excellent service to the customer with good feedbacks.
If there is one thing that the customer concern is the price always fluctuates which you do not know when it will goes up or down.

So far so good, as of now I can't encountered bitcoin problem in terms of job and services, because this coin have a good reputation in the digital currency world so bitcoin was taking care of it. Moreover, I can't also meets person who have reclaimed regarding bitcoin and other crypto currency.

In additional most of the people now are happy this month, it is because bitcoin are continues increasing in the market, I guess it will continue for long period of time due to healthy movement of bitcoin in crypto currency industry.

Agree I have also no problem in bitcoin, since I started in crypto currency world. Maybe those people who got problem it bitcoin community is a cheater or else they were violate one in the terms and conditions of bitcoin.
Aside from that there were no reason to have a problem in bitcoin community because this is legit and trust worthy. I guess some people are encountered bitcoin problem when the price of bitcoin is going deep because they were a panic seller.

[yojodojo21]

I don't think that idea of limiting bitcoin of 21 million will be imposed. We know that bitcoin is volatile. Miners will complain about this if this is true, we know that miners are the number one supporters of any segwit and hardfork of a split coin but after showing new coin they come back to bitcoin.

I agree with some reply post here that we really do need to research for us to understand deeply. Since some information's in internet is for fraud only.

[ihsanskanzaone]

I am not sure that this section is right to post my thread .
my question is :
since it was already fixed by the bitcoin owner network that 21 millions bitcoin can exist in the whole internet
But now I heard that now the mining of the bitcoin will be unlimited , I mean unlimited bitcoin will generate by the bitcoin network .
If this is real news then the value of the bitcoin will go down speedly
It is because the supply is unlimited so it is simple to say that bitcoin price will no more increase rapidly ., so no more profit

what's your thought guys

The value of bitcoin will not fall quickly therefore, the miners have a very important function that is matemati calculation, the mathematical calculation is to verify the bitcoin transactions that exist on the Internet. so the reason why miners are made unlimited is because more and more bitcoin users are making transactions and of course they want speed in transactions nah that's where the important role of miners.

[Habakkuk77]

I am not sure that this section is right to post my thread .
my question is :
since it was already fixed by the bitcoin owner network that 21 millions bitcoin can exist in the whole internet
But now I heard that now the mining of the bitcoin will be unlimited , I mean unlimited bitcoin will generate by the bitcoin network .
If this is real news then the value of the bitcoin will go down speedly
It is because the supply is unlimited so it is simple to say that bitcoin price will no more increase rapidly ., so no more profit

what's your thought guys

According to your statement that would be a great problem in bitcion. If mining in bitcoin will be unlimited of course it will affect the price of bitcoin and no investors will be interested to invest.
 But I think that bitcoin is the most supported by miners.

[the rise]

I am not sure that this section is right to post my thread .
my question is :
since it was already fixed by the bitcoin owner network that 21 millions bitcoin can exist in the whole internet
But now I heard that now the mining of the bitcoin will be unlimited , I mean unlimited bitcoin will generate by the bitcoin network .
If this is real news then the value of the bitcoin will go down speedly
It is because the supply is unlimited so it is simple to say that bitcoin price will no more increase rapidly ., so no more profit

what's your thought guys

The value of bitcoin will not fall quickly therefore, the miners have a very important function that is matemati calculation, the mathematical calculation is to verify the bitcoin transactions that exist on the Internet. so the reason why miners are made unlimited is because more and more bitcoin users are making transactions and of course they want speed in transactions nah that's where the important role of miners.

There is no possibility of impairment because mined blocks are also more complicated and difficult, many miners need in this case. If the miners are restricted it will disrupt every transaction because if bitcoin becomes popular it will be full of daily transactions that will not be completed in a day.

[sunsilk]

The total 21 million of bitcoins will be mined hundred years from now on so why you have to think and worry with this problem anyway?

Miners will still mine anyway when the total supply of bitcoin has reached, they will mine for the confirmation and will earn through fees.

We have to take time for resolving the current issues that we are facing and that is with the miners fee, it is too high now since the value of bitcoin is starting to increase too.

[Rcpogzhn]

I am not sure that this section is right to post my thread .
my question is :
since it was already fixed by the bitcoin owner network that 21 millions bitcoin can exist in the whole internet
But now I heard that now the mining of the bitcoin will be unlimited , I mean unlimited bitcoin will generate by the bitcoin network .
If this is real news then the value of the bitcoin will go down speedly
It is because the supply is unlimited so it is simple to say that bitcoin price will no more increase rapidly ., so no more profit

what's your thought guys

I guess you got your answer. But as a summary, when the miners increase the amount of coins they get from mining decreases.

[Kronos21]

The total 21 million of bitcoins will be mined hundred years from now on so why you have to think and worry with this problem anyway?

Miners will still mine anyway when the total supply of bitcoin has reached, they will mine for the confirmation and will earn through fees.

We have to take time for resolving the current issues that we are facing and that is with the miners fee, it is too high now since the value of bitcoin is starting to increase too.

Perhaps to negotiate with the miners will be very difficult. They don't want to lose revenue. I don't know how to solve this issue. We are constantly faced with the problem of what creates a great place to confirm transactions. To this nebylo need to increase the block size. Maybe next year it will be job No. 1 for developers.

[loof99]

In my almost a year experience with bitcoin, I did not encounter any problem from them.
In fact they provide an excellent quality of service to their customer which we very much appreciated. They make our lives more convenient and easier than before.

[dunfida]

The total 21 million of bitcoins will be mined hundred years from now on so why you have to think and worry with this problem anyway?

Miners will still mine anyway when the total supply of bitcoin has reached, they will mine for the confirmation and will earn through fees.

We have to take time for resolving the current issues that we are facing and that is with the miners fee, it is too high now since the value of bitcoin is starting to increase too.

Perhaps to negotiate with the miners will be very difficult. They don't want to lose revenue. I don't know how to solve this issue. We are constantly faced with the problem of what creates a great place to confirm transactions. To this nebylo need to increase the block size. Maybe next year it will be job No. 1 for developers.

This is why we do see lots of forks into bitcoin itself just to address or trying to resolve this issue but ending up i dont see any significant changes which i do treat that those are just being created for free money. We shouldnt really bother at all regarding on the total supply if completely mined since we would really be already dead on that time for sure. The thing here is that miners wont really consider on lowering fees since they are really making some serious profits on here and come to think of that business is business no matter what.

[ohzeih5n]

yes number of coin will effect directly in price now we lave less than 10 Million and price is about 17,000$.

it is not bitcoin number is limited and can’t be more than 21 M

[Belkaa]

The basic issue was that there are parts of the bitcoin that are "secure" and can't be changed.  And parts that aren't.  The problem was that Mt. Gox was using the insecure parts to keep track of who had cashed out a bitcoin.  This meant that someone would get a bitcoin from Mt.

[Hamphser]

I think there is no problem in the company and management of bitcoin because they provide excellent service to the customer with good feedbacks.
If there is one thing that the customer concern is the price always fluctuates which you do not know when it will goes up or down.

I don't know on where are your words came from since you are already a Sr. member and still you don't even know bitcoin yet fully. Bitcoin isn't a company nor do being managed by someone. Its a decentralized thing or uncontrollable which means no one would able to make actions on how it was being designed by its creator. I don't see any news regarding on adding up the supply of bitcoin,knowing that it isn't even being completely mined yet and now we are talking on adding it up?  Impossible thing.

[rockyfeller]

The big issue here is bitcoin is under investigation of the governments because terrorists or illegal activities are done by bitcoin transactions, and fee are getting expensive. one thing i have bitcoin it's getting slowly when you transfer coins and receiving as well.

[Granxis]

Bitcoin is a test of a new currency that is still in active development. Although over time and the increasing use of Bitcoin is becoming more mature, keep in mind that Bitcoin is a new discovery that explores ideas that have never been done before. Thus, Bitcoin's future can not be predicted by anyone.
Thanks

The fact that it is in the test phase is actually creating positive signs about Bitcoin's future. It can be crushed under the brutal influence of technology in the case of static, but it is a very important feature for its development to be dynamic.

I do not believe that bitcoin is testing a new currency. First, people do not use bitcoin as currency. Most people use bitcoin for speculation. Second order is to run bitcoin in circulation a new currency you need to destroy bitcoin. Do you think monogamous would be willing to use a new currency if bitcoin collapses?

Bitcoin is now a transfer tool, the biggest obstacle to Bitcoin being its currency; speculators. Yesterday, the case of this situation, if Bitcoin was under 10k dollars, all investors would swear by speculators. Bitcoin speculators currency

[omorfi]

I am curious about the amount of lost bitcoins that are left in the forgotten wallets. You guys have an idea about the amount of lost or forgotten bitcoins total? I think there is no way to learn the real lost bitcoin amount