Can Bitcoin Supply Be Manipulated?

[fiulpro]

So there are 21 million total because that is how it was coded. Will it be possible to increase the supply or even make it infinite if someone was able to crack the code?

Wouldn't that only be fruitful when all the computers and all the offline Bitcoins , what theu do is update this code and after the price fluctuations ofcourse no one will , you will be taken to jail and honestly it's not easy and people did say. It is possible ofcourse, but not easy.

If you do want to earn then you should rather use this skills for something else.

Bitcoin supply have final and there are not any developer have bitcoin on their supply because the creator of bitcoin was gone, I think if altcoin could be manipulated supply but can't for bitcoin, how ever many people loss their bitcoin assets because private key have gone and make bitcoin supply more increase little.

That's not something that will work , we will see a sudden crash in the market which will cause economic unrest. The price will die down and we all know what will happen.

[LordShanken]

There is very straight forward answer to this question and that is no one can alter bitcoin blockchain code and therefore supply of coins can't be altered. This is why bitcoin despite so many odds is still popular among thousands of coins.

[semobo]

So there are 21 million total because that is how it was coded. Will it be possible to increase the supply or even make it infinite if someone was able to crack the code?

The maximum supply cannot be increased or decreased even by the Satoshi who created bitcoin, so no one can crack anything and if they do their node will be isolated from other nodes so there will be no change in the actual bitcoin blockchain network. While trading volumes are highly manipulated by the most f the exchange by wash trading.

[Mpamaegbu]

So there are 21 million total because that is how it was coded. Will it be possible to increase the supply or even make it infinite if someone was able to crack the code?

Bitcoin is what it's today because of its transparency and the blockchain tech that has come to stay. The day its total supply is manipulated to add more, that will be the death of Bitcoin and that's why any success at this is called a fork. That way people don't get to see that it's Bitcoin that's manipulated but rather that a fork has occurred from Bitcoin. I think if there's any manipulation that can be done in this guise, that should be on Dogecoin. We need that infinite supply of Doge to be capped to a number.

[BitcoinGirl.Club]

Interesting...so all I need is to be good in sales & marketing this "new" Bitcoin and I'm good to go?   Ok I suck at that...I can't even persuade my husband to not mow the lawn lol

You need to be Roger Ver with learn amount of bitcoin in your possession and then fork bitcoin.

Being serious, you can create as many coins as you want but unless the community realize the value or see any value in your coin then your coins are useless.

[Leviathan.007]

If you ask this question to any bitcoiner they will say it's completely impossible to increase or change the total supply but theoretically it's possible bitcoin is using blockchain technology and according to the protocols, if 51% of the nodes agree with the changing of the total supply, this will be changes but one big reason of why people like bitcoin is to having the limited and unchangeable total supply. So, changing the total supply will have negative effect on it and that's why the nodes will never accept such thing.

[BlackHatCoiner]

if 51% of the nodes agree with the changing of the total supply, this will be changes but one big reason of why people like bitcoin is to having the limited and unchangeable total supply. So, changing the total supply will have negative effect on it and that's why the nodes will never accept such thing.

If 51% of the nodes agree with the changing of the total supply, then guess what: They are not bitcoin nodes anymore! Bitcoin consensus rules aren't decided by the majority. It's not a one-node one-vote-for-the-consensus-rules. You're probably confusing consensus with the 51% attack.

[int03h]

I think Bitcoin will be held with a volume of 21 million. This number is given by Satoshi from the original Bitcoin version. Despite going through many forks and many different types of Bitcoin such as BCH, BSV, BTCD ... but Bitcoin was originally the chain with the highest value and most trusted by everyone. The above shows the power of people's trust in Bitcoin. I think that if Bitcoin were to interfere with more than 21 million it would make the value of Bitcoin drop rapidly and people would leave Bitcoin.

[Traderbtcc]

So there are 21 million total because that is how it was coded. Will it be possible to increase the supply or even make it infinite if someone was able to crack the code?

The 21 million supply for bitcoin is fixed and there's nothing anyone can do to change that, meaning nobody can manipulate the supply, maybe the one who can truly say if this is possible or not is the creator of bitcoin (Satoshi), and too bad he's been cut out from the rest of the world for a very long time now, one thing I know is that if this could actually happen, then it will alter everything we all believed about bitcoin.

[wxa7115]

So there are 21 million total because that is how it was coded. Will it be possible to increase the supply or even make it infinite if someone was able to crack the code?

Is it possible to change the code and add more coins? Yes, will it ever be done? No, bitcoin is now a one trillion dollar project and the developers are never going to do anything that could risk bitcoin in that way, this is why updates are kind of slow as they want to make absolutely sure that everything is OK before they apply an update and the same is true for the supply of bitcoin.

The decision to cap the supply made by satoshi at the beginning of the project is probably the most important one that has nothing to do with innovation, he created an asset that is scarce and that as demand grows its price will grow with it, getting rid of that or increasing the supply will crash the market overnight and no one wants that.

[ReiMomo]

So there are 21 million total because that is how it was coded. Will it be possible to increase the supply or even make it infinite if someone was able to crack the code?

Is it possible to change the code and add more coins? Yes, will it ever be done? No, bitcoin is now a one trillion dollar project and the developers are never going to do anything that could risk bitcoin in that way, this is why updates are kind of slow as they want to make absolutely sure that everything is OK before they apply an update and the same is true for the supply of bitcoin.

Yes, possible but we are running on different nodes which not under by bitcoin protocol, nothing can change the bitcoin code, if there are changes, that is not a bitcoin network. There are too many developers trying to copy the code of bitcoin and make their own coin, but it is totally different from bitcoin.

The fact is the fact, nobody can change the fixed amount of bitcoin and if we are talking about manipulating, yes bitcoin price can be manipulated but does that mean they can change the fixed amount of bitcoin.

[adzino]

Yes, anyone can change the 21 million cap or the protocols. But if most of the "people" don't support what you have done, all you would be doing is creating a fork and a new coin. The coin with new cap won't replace the existing chain due to less support. So yeah anyone can do that but will need support from majority of the people (miners).
On other hand, the currently circulated bitcoins supply can be manipulated by whales. All whales together can buy most of the supply creating an artificial shortage and increasing the demand.

[StartupAnalyst]

There can be mined only 21 million of BTC and mathematics won’t let to mine more. The structure of BTC Blockchain is designed in such way that miners get reward from each block by formula based on the law of inverse geometric progression. To change this amount of 21 million BTC need to be changed the source code that is well protected.

[AicecreaME]

This topic about Bitcoin or cryptocurrency manipulation is a speculation for a long time already. Bitcoin can't be manipulated just because someone's not selling his large amount of Bitcoin, because of the supply and demand, if you know what I mean. When there's a limited supply, meaning the price would increase, but not totally true in Bitcoin. Just like what the others already said in the first page, you'll need everyone to cooperate with you to sell Bitcoin in a low price for it to be manipulated, just for temporary.

However, many says that only influence or news affects the price chart movement of Bitcoin. For example is if a certain country would ban it or accept it as a currency, something like that.

[Zanab247]

Bitcoin supply have final and there are not any developer have bitcoin on their supply because the creator of bitcoin was gone, I think if altcoin could be manipulated supply but can't for bitcoin, how ever many people loss their bitcoin assets because private key have gone and make bitcoin supply more increase little.

Satoshi Nakamoto the founder of bitcoin didn't created bitcoin to be manipulate in supply than to eliminate any wrong transaction  that will cause people pain and regret at the end of their transaction.

[zanezane]

It is called bitcoin fork, and yes everyone can manipulate the supply of bitcoin, just copy the code and create your own bitcoin and if you believe enough that there is a value in that coin then you might be onto something but even if you can copy the code of bitcoin, that doesn't mean that is part of the original supply because you are basically creating your own coin and not bitcoin.

[Renampun]

So there are 21 million total because that is how it was coded. Will it be possible to increase the supply or even make it infinite if someone was able to crack the code?

the old question and the answer remain the same, that is, it never will...
Bitcoin supply has been fixed and will not be able to increase, this is the reason why there are many fork coins that are useful to maintain price stability. cryptography is something that cannot be changed again when it makes cmiiw.

[dkbit98]

Even if things like total supply and block size could be changed like some forks did in history, it would need majority of nodes to accept those changes and it would again result in some new fork.
There is also an option of some new bug to be found in future that could be exploited but chances for that are minimal because Bitcoin has been battle tested in real life for many years and code is checked all the time by many developers.

[DdmrDdmr]

Do you mean it's not here then?: https://github.com/bitcoin/bitcoin (hush, hush, ...)

Actually, this post is quite interesting, and points to the reasons why the actual maximum amount of generated bitcoins a wee bit under the 21M figure: Why is the final Bitcoin amount less than 21 million BTC?

After reading the above post, it’s pretty clear that remembering 21M is easier than going into details about why the real effective max. generated bitcoin figure is really going to be slightly shy of 21M …

[pinggoki]

So there are 21 million total because that is how it was coded. Will it be possible to increase the supply or even make it infinite if someone was able to crack the code?

Yes, it is very possible to increase the supply of the bitcoin or make it more or even make it infinite but the thing is that it is very hard to crack the code because you will also do the re-arranging of the blocks which is even the smartest people can't do that thing. So if you are asking if it is really possible to increase the supply then probably the answer would be "Yes" but it is kind of a hard job to that thing. Just think why the government didn't print so much paper money? it is because there is only fix money that we need to be circulated.