Bitcoin Forum
May 09, 2024, 03:14:51 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 [4]  All
  Print  
Author Topic: Bitcoin is NOT mathematically limited to twenty one million bitcoins  (Read 2755 times)
wdnj
Hero Member
*****
Offline Offline

Activity: 762
Merit: 500



View Profile
August 26, 2017, 11:52:26 AM
 #61

I would have no issue changing the code to allow a 1 bitcoin reward for every block forever... to ensure a strong distributed mining community.  
Here we need to understand one thing, in next 10 to 20 years, the tx fees to be collected from the transactions included in one block might be summing up more than 50 bitcoins also (the original block reward).

Hence there will be no point of thinking about one bitcoin reward for every block for ever. I do not understand how it will ensure a strong distributed mining community when they are already having enough reasons to be part of bitcoin community.
You mean there will be that many transactions to be included when considering fees will be one satoshi or even lesser than that also will be possible then ?

Anyways, in next 20 years we can expect massive number of transactions for every block and hence we can expect miners to earn better. If these are the cases then there will be no meaning to think about having unlimited bitcoins just for the reason making miners profitable with one assured bitcoins with every new block.
There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715224491
Hero Member
*
Offline Offline

Posts: 1715224491

View Profile Personal Message (Offline)

Ignore
1715224491
Reply with quote  #2

1715224491
Report to moderator
1715224491
Hero Member
*
Offline Offline

Posts: 1715224491

View Profile Personal Message (Offline)

Ignore
1715224491
Reply with quote  #2

1715224491
Report to moderator
ImHash
Hero Member
*****
Offline Offline

Activity: 924
Merit: 506


View Profile
August 27, 2017, 01:46:01 AM
 #62

I'm sure that some [certain cartel] won't exist and be alive when we reach the point needed to change the units. besides didn't some other [Chinese cartel] already increased the total number by x2 3 weeks ago? I guess if it's their cartel it's all good but when it comes to our cartel it's all stinky right? Cheesy
Pages: « 1 2 3 [4]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!