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Author Topic: Why Bitcoin has more than 21m supply  (Read 641 times)
Kakmakr
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November 15, 2017, 06:15:17 AM
 #21

The forks don't increase the supply of Bitcoin (core).
After a fork a there will be a new altcoin with a snapshot of the fork's release time.
This doesn't impact the Bitcoin blockchain in any way.


Yes, BTC coincap stay the same, but the Blockchain is influenced with every fork. Let's look at mining for example. Once BTC fork, a bunch of miners leave to mine that fork and the hash power decrease on the BTC Blockchain. This has significant implications for the Blockchain, because it reduces Decentralization and it increase the Mempool, because there are less miners hashing out the transactions. <Yes, the difficulty might drop and the miners might return, but it is still very disruptive>

These forks also takes investment capital away from BTC. The money used to buy forked coins, could have been invested in BTC.  Angry

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akash15785
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November 15, 2017, 07:44:19 AM
 #22

Bitcoin has bigger problems than the fork situations.

You're saying bitcoin has bigger problem. Yet you're in bitcointalk and talking about bitcoin..
That's epic.. Huh Huh

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November 18, 2017, 01:57:18 PM
 #23

With every fork bitcoin supply is increasing so does the bitcoin bubble i mean everyone by now must be know that bitcoin is a bubble. why? every fork is zero to value! bubble!
but in my opinion bitcoin will be bitcoin forks dont matter they just increasing the coins!

every forkable coin will fail in the future.

just my 2 cents

If after a fork bitcoin's quantity is increasing then the new token should not be called by other name instead it should also be called as bitcoin. So that only means that the 21Million limit on the supply will never change no matter what happen and you can just ignore those forks besides they are just supported by particular group of people.

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November 18, 2017, 02:20:45 PM
 #24

With every fork bitcoin supply is increasing so does the bitcoin bubble i mean everyone by now must be know that bitcoin is a bubble. why? every fork is zero to value! bubble!
but in my opinion bitcoin will be bitcoin forks dont matter they just increasing the coins!

every forkable coin will fail in the future.

just my 2 cents

Good point! Thats why I stay far away from all those forks. The pity with these forks is, that it can confuse and discourage people that are new to the space. We know that these coins will fail, but for someone that comes in new to crypto and sees this happen, just creating money out of hot air by a so called fork, will likely loose trust in the whole crypto space again. Blockchains sure must be able to be altered and adapt to new circumstances, but they will need to have a different way of doing it. Consensus has to be achieved differently.

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November 18, 2017, 03:02:43 PM
 #25

With every fork bitcoin supply is increasing so does the bitcoin bubble i mean everyone by now must be know that bitcoin is a bubble. why? every fork is zero to value! bubble!
but in my opinion bitcoin will be bitcoin forks dont matter they just increasing the coins!

every forkable coin will fail in the future.

just my 2 cents
Bitcoin total supply is only 21 millions and it would remain unchanged forever.You have totally misunderstood about forks.These hard forks only try to create a clone of bitcoin and these clones would be only considered as a altcoin and not as bitcoin itself.So,21 million supply remains unchanged.So,just don't get confused about bitcoin's total supply.

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November 18, 2017, 03:17:29 PM
 #26

Just gonna say there's greed and valid concerns on both ends.

And is an alt inferior just because it is an alt?

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November 18, 2017, 03:45:39 PM
 #27

With every fork bitcoin supply is increasing so does the bitcoin bubble i mean everyone by now must be know that bitcoin is a bubble. why? every fork is zero to value! bubble!
but in my opinion bitcoin will be bitcoin forks dont matter they just increasing the coins!

every forkable coin will fail in the future.

just my 2 cents

Interesting, you are asking question and giving answer yourself. However, it would be a great mistake to assume fork coins as increasing supply of Bitcoin. Anybody can fork Bitcoin and if we start assuming them to be real Bitcoin then Bitcoin supply will become unlimited artificially.
Bitcoin is still a core and strong investment, many forks already happened but none was able to dilute its price. So real supply is still limited to 21M

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November 18, 2017, 03:56:41 PM
 #28

If BTC is 80K Euro next November then how is it a bubble today?

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November 18, 2017, 04:15:43 PM
 #29

The fork only introduce another alt coin that can possibly divert bitcoin market because developers see that the supply will soon not be available or enough with the growing demand of bitcoin. The fork can never increase the number of bitcoin that is a different thing. The supply is fixed and the only way to sustain the market is either increase the value of bitcoin of introduce another coin.

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November 29, 2017, 01:25:47 AM
 #30

Probably, you are forgeting that one Bitcoin represents 100 million indivisible units.

21 million coins - it's just over two quadrillion (2099999997690000) of the maximum possible units.

It is assumed that by the time when the last Bitcoin is mined, the parts of the coin will be in circulation - millibots (mBTC) and microBit coils (μBTC). However, a denomination with coefficients of 1:10, 1: 100 and so on is also possible.

So it will take less than 100 years to reach that total supply, we are not even going to be alive to see it happening, if bitcoin would be still alive too..
There is no need to worry about, and those forked coins, are not even going to be a live for the next months, they are a fail, bitcoin cash was the only good one of them.
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November 29, 2017, 01:34:35 AM
 #31

Bitcoin forks is just the miners who want to mine more profitable coin and shift the hype on others(like bch). Actually mine bitcoin is decent because the difficulty increased so much in last year.
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November 29, 2017, 02:18:28 AM
 #32

With every fork bitcoin supply is increasing so does the bitcoin bubble i mean everyone by now must be know that bitcoin is a bubble.

Every fork does not increase bitcoin's supply. The blockchains are separate from each other after the forks, each handling their own supply and transactions. Bitcoin is not a bubble as rationalized on the link below. It is not blind faith. It is faith based on technological and economical truth.

https://news.bitcoin.com/is-bitcoin-a-bubble-no-but-things-could-get-wild/
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November 29, 2017, 05:46:06 AM
 #33

With every fork bitcoin supply is increasing so does the bitcoin bubble i mean everyone by now must be know that bitcoin is a bubble. why? every fork is zero to value! bubble!
but in my opinion bitcoin will be bitcoin forks dont matter they just increasing the coins!

every forkable coin will fail in the future.

just my 2 cents
why can you say that every coin that is created from a fork is 0?
I do not understand with this,
whereas new coins created from fork are quite potential to follow
such as bch that now the price has started high
and that does not rule out the possibility that BCH will be able to compete with BTC in the future



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November 29, 2017, 05:47:05 AM
 #34

the original chain will ever only have 21m. Considering most of alts are bought with BTC I think instills trust in the core currency

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December 02, 2017, 08:14:05 AM
 #35

Bitcoin has more than 21m supply because the supplier need to support there project.
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December 02, 2017, 08:33:06 AM
 #36

A fork does not mean that the szupply of bitcoin is being increased or decreased it has nothing to do with it, a fork is just creating a new currency that shares the same network as bitcoin, there were tow forks one for creating bitcoin cash and the other for creating bitcoin gold, this is just a way to make sure that after the bitcoin falles these coins will take over and linking them to bitcoin makes people think that it is a part of bitcoin, when it is not, it is just a new altcoin that happens to have the name bitcoin in it, think of it as bitcoin the king and these coins are thier rightfull successeures by blood.

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