Is BItcoins supply infinite??

[jak3]

Ok, I got rules and regulation crap, I see you clearly understand that Bitcoin is finite so I am not gonna touch that point. But I do not think Bitcoin is infinite from any angle. Suppose we know that we cannot get all the money in the world so there is no point that for you the money is infinite because it is not. The money is counted on a community basis and not an individual basis. So even if you have 10 BTC today by the time of mining the last Bitcoin you will have hardly 0.001 BTC in your hand because of the scarcity of the coin. Everybody will get only some portion of the coin.

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[shinharu10282016]

We know there will be at some point in time (estimated ~2150) a total amount of 21 million BItcoin in circulation. (minus lost bitcoins etc but all bitcoins will have been mined in the year 2150 or so

So right now we have a life expectancy of about 80 years.

So even if you are born 50 years from now you most likely won't be around when the last bitcoin is mined = when all bitcoins are in circulation.

We even know at what rate we can mine Bitcoin

So my point is, this leaves us in our lifetime with an infinite supply of Bitcoin.

No one will ever have all the bitcoin in the World, therefore, Bitcoin has an infinite unlimited supply to us.

Same as with Gold. We still find and dig and mine for Gold daily, so we have a daily increase of actual Gold we can use.

Same as Ethreum- it doesn't matter that ethereum doesn't have a hard cap because same as with Bitcoin it will be constantly mined during our lifetime.


This is why I say Bitcoin has an infinite supply to every human being alive today

Bitcoin's whitepaper clearly says 21 million bitcoins is the total circulating supply. I don't know how you mean to say its infinite when the monopoly of these bitcoins are oh so obvious they have given it a value of more than 5000 USD.

[joeperry]

You already indicated that only 21 Million of bitcoins can only be mined right? So it's not infinite.

But I know what are you talking about, some people say that by 2150 all the bitcoin will be mined and by this time we are not around right? so in our lifetime mining bitcoin is really infinite even if we mine daily.

The OP word of "Infinite" is not the infinite technically but as an expression.

[Dreamchaser21]

You need to do a bit of research on what "infinite" actually means. The hard limit is strictly 21 bitcoins. Not because it will take us a very very long time to reach somewhere close to that limit, it doesn't mean bitcoin is infinite.

As long as there’s a stated maximum number of bitcoin, the supply will never become infinite. It just happen that we have more supply in the market while the demand are still low but in the future maybe we will start to feel that the supply is not enough for everyone.

[samputin]

When I was starting here in this forum, I did a research about bitcoin. And as you have mentioned, I also found out the same—that the amount of bitcoin is just around 21 million. If there is a particular number set such as the aforementioned value, then I don't think it is appropriate to call bitcoin as "infinite". Because infinite means no limitations, no endings. However, in bitcoin's case there is.

Anyway, it seems like what you meant with that is something in connection with our lifetime. In that context, I can see your point. Thanks to @joeperry for making it clear. Now, I understand what OP is trying to say.

[Rufsilf]

So my point is, this leaves us in our lifetime with an infinite supply of Bitcoin.

You cannot define something infinite and limit it to a certain time which in this case is our lifetime. Perhaps you can simply say we cannot mine all bitcoins in our lifetime.

I agree, infinite by it's own definition means  no bounds or limits but bitcoin has which is 21 million thus you can't say it's infinite. Bitcoin nowadays is very hard to mine thus it may take a couple more years to mine all the 21 million so I agree with you about us not being able to mine all of it in our lifetime.

[bitbollo]

Imagine one day ... 0,00000001 btc (1 satoshi) would not be the minimum standard and other decimals will be added likewise 0,000000000001 btc (1 millisatoshi)
Of course, you can split infinite of times a number, but the total supply will be even the same.

[buwaytress]

Imagine one day ... 0,00000001 btc (1 satoshi) would not be the minimum standard and other decimals will be added likewise 0,000000000001 btc (1 millisatoshi)
Of course, you can split infinite of times a number, but the total supply will be even the same.

Actually, with the implementation of Lightning Network, sub satoshi payments (fractions of satoshi, that is) are already theoretically possible, since micropayments are suited for that. The bitcoin wiki already describes a 10th of a satoshi for payment purposes.

So yeah, while LN is practically still in beta stages, that already is a reality just not yet in practice.

So no. Bitcoin is not infinite in supply. But theoretically, it is divisible to limitless fractions. Least that's how it seems in my mind.

[acroman08]

You can't call something limited, infinite at the same time just because we can't used it all up no matter
how long it takes something to be used up as long as it has a limitation you can call it infinite even if we
have a supply of bitcoin for several lifetime eventually it will ran out.

[malekbaba]

Without Limited supply,Bitcoin would not be precious . 21 Million will be max supply but circulatory supply will not be 21MLNs. Cause some holders will die, some will lose their private keys, some people will not be able to enjoy their btc due to acute illness. And that will make constant demand for btc and always the supply will be limited. Thereby BTC price will grow with times. Hope OP will get basic ideas regarding btc supply and demand .
I think OP failed to describe his thinking, may be he was trying to say something different but failed. Everyone in this forum should at least know the basic of btc and other cryptos.

[ralle14]

The supply isn't infinite, just because most of us won't live that long to see Bitcoin reach 21 million doesn't mean it's infinite for us. It's true one can't own every Bitcoin because of several reasons like many people own a portion and it's impossible to buy everything because there's no accurate number of Bitcoins in circulation.

So my point is BItcoin, Ethereum and Gold all have an infinite supply and are being created infinite at least during our lifetime and even people born 50 years from now will never be able to run out of ming neither gold nor bitcoin nor ethereum- its a fact

To describe your meaning of infinite is there's enough supply for all of us to share because everyday there's new Bitcoins being mined but the amount is specific and that's not infinite.

[AjithBtc]

Bitcoin supply is finite, maybe when years pass if there is in need for more and more bitcoin to the growing population surely advancement in technology will happen taking the bitcoin get used by more people. If there is infinite number of bitcoins surely there won't be any demand for bitcoin which will loss its value.

[cok_elat]

bitcoin amount will always remain, but the less the number of bitcoins that can be mined, the more blocks you have to pass or in other words, it'll be harder to get bitcoin through mining

[Adriano2010]

I also not agree with term infinite, because as is wrote on whitepaper bitcoin supply is 21 million and because of this and huge demand the price grow and will grow more every time when bitcoin has halving.

[squatter]

We know there will be at some point in time (estimated ~2150) a total amount of 21 million BItcoin in circulation. (minus lost bitcoins etc but all bitcoins will have been mined in the year 2150 or so

So right now we have a life expectancy of about 80 years.

So even if you are born 50 years from now you most likely won't be around when the last bitcoin is mined = when all bitcoins are in circulation.

We even know at what rate we can mine Bitcoin

So my point is, this leaves us in our lifetime with an infinite supply of Bitcoin.

That's faulty logic. The supply can't be infinite since it's literally limited to the amount of circulating bitcoins. Right now, that is ~17.7 million bitcoins.

What you're pointing to is that the supply is still inflating and will continue to do so throughout our lifetime. That's true, and it's why I hesitate to call Bitcoin "deflationary" at this time.

Same as with Gold. We still find and dig and mine for Gold daily, so we have a daily increase of actual Gold we can use.

Bitcoin takes things a step further than Gold. We can't know what the true gold supply really is -- we can find new areas of supply or new cost-effective ways to mine currently unreachable gold. There is no theoretical limit to the amount of gold. With Bitcoin, there is a predictable limit that we are constantly approaching.

[bitbunnny]

I also not agree with term infinite, because as is wrote on whitepaper bitcoin supply is 21 million and because of this and huge demand the price grow and will grow more every time when bitcoin has halving.

That is exactly one of the problems of Bitcoin. The number is limited and as far as I know that can't be changed..It's expect for demand to rise once this number is achieved and consequently the rise of price is expected too but there is still time until that and no one can't know exact scenario. But Bitcoin supply can't be infinite, that is for sure.

[Bitcoins421]

Interesting question. Technically they do.

[Reid]

Okay I get it into where you are going but it doesnt make sense actually.
There is no point into what you are explaining here.

Infinite for this lifetime and finite to those who will be  born 30 years from now. So what? It is still finite. Pfft.

[bittick]

Interesting question. Technically they do.

lol NO, technically the amount of bitcoin will be created is finite, practically it is infinite for us people who lives at early stage of bitcoin development, but it will eventually reach 21 million anyway so that's kinda obvious.
There's nothing we can do about that since that's already decided from early on and we are talking about decentralized currency here.

[franciscoDC]

Bitcoin is tradable and i didnt think before that there a person who choose to hold it after so many time and absolutely no one will stock their bitcoin for a long long time coz they are investor and they need to get profit even at worst market so the circulation of bitcoin is still ongoing everytime.