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Author Topic: Will the final number of bitcoins become a serious limitation?  (Read 1405 times)
skorupi17
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June 25, 2017, 07:13:35 PM
 #41

I do not know your actual point but I will answer in the best that I can.

First, there are 21 million BTC all in all so 21M is the maximum possible supply. So we can say that BTC is limited to 21M coins. But due to some lost Bitcoins, we cannot reach the 21 million total supply. After mining the last Satoshi, there will be no more Bitcoin to be mined, forever. That is a fixed supply and we just have to deal with it.

OP, please define "serious limitation"
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karasuri
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June 27, 2017, 11:33:38 AM
 #42

I do not think that this is a serious restriction. Although bitcoin is limited, it is divided into even smaller parts - satoshi. So when approaching the limit, we will talk more often about satoshi
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June 27, 2017, 12:28:17 PM
 #43

If you think that bitcoin will lose functionality because the supply is limited, no it won't. And just like what the post above me said, it is divided to eigth decimals parts. And besides, the limit makes the price go higher. The demand would go up but the supply does not, to the price will definitely go higher and higher.
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June 27, 2017, 12:34:34 PM
 #44

If you think that bitcoin will lose functionality because the supply is limited, no it won't. And just like what the post above me said, it is divided to eigth decimals parts. And besides, the limit makes the price go higher. The demand would go up but the supply does not, to the price will definitely go higher and higher.

There is essentially an unlimited number of coins, due to the divisibility of value. If we need more 'room', so to speak, we just need to add a few more decimal places. But we are forgetting that bitcoin isn't the only crypto.  Bitcoin will most likely be the most consistently expensive coin, due to its longevity. But if we are talking about a scenario were bitcoin has become so widespread that 25 million coins aren't enough, we have a plethora of other options. Which honestly might be a better choice, bitcoin seems better for long term value storage, to me.
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