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Question: Do you think 21 Million Bitcoins is right number by SatoshiNakamoto ..
its perfectly alright - 1 (100%)
should have been more - 0 (0%)
should have been less - 0 (0%)
Total Voters: 1

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Author Topic: Do you believe 21 Million Bitcoins  (Read 54 times)
talkoncrypto Official (OP)
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January 08, 2023, 03:19:06 PM
 #1

Do you have any opinion in support of your choice ??
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January 08, 2023, 03:21:08 PM
 #2

It doesn't matter, it's an arbitrary choice. As long as it's publicly known and doesn't change, the market decides the rest.

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January 08, 2023, 03:23:25 PM
 #3

what if i told you that if you read the raw/real data of the value of a "1btc" tx being transacted.. its not "1btc" but 100,000,000 units

bitcoin uses 'satoshis' where a 1btc is a convenience display allotment for easy human eye reading
of satoshi/100,000,000=1btc
much like gold is picto grams(atoms) but combined into ounces and kg for easy human handling

bitcoin is fixed to its satoshi units(hard/true data on blockchain). and then calculates up from there to translated basket terms in the wallet/node display

there will be upto 2,099,999,997,690,000 fixed(hard data/rule) units of share-ability..by the time all fixed rule halving events have done their course


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January 08, 2023, 03:40:35 PM
 #4

You should add one more option- doesn't matter. As long as it remains the same supply and doesn't get changed (which is impossible as doing so will create another chain, aka altcoin), there's nothing wrong with that. I don't exactly know what satoshi had in his mind when he fixed the supply(I can't remember if I have ever read any explanation), but my opinion would be the same if the supply was 42 million or even more but a fixed one, not like unlimited as we have in our centralized currency.

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