SakuraTide
Mon Jul 15 2024
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6 answers
1546
Why is bitcoin capped at 21 million coins?
Could you elaborate on the rationale behind the decision to cap the total supply of Bitcoin at 21 million coins? What were the founders' intentions in setting this limit? How does it affect the value and scarcity of Bitcoin in the long run? What are the potential implications of this cap on the cryptocurrency market and the economy at large? And finally, are there any plans to revise or adjust this cap in the future? Understanding the reasons behind this decision is crucial in assessing the sustainability and future prospects of Bitcoin.
Eleonora
Sat Jul 06 2024
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5 answers
1095
Can a new bitcoin be issued if all 21 million coins are lost?
Could you elaborate on the implications of losing all 21 million Bitcoins and whether it's feasible for new Bitcoins to be issued in such a scenario? Given that Bitcoin operates on a decentralized ledger system, how would the network handle such a cataclysmic event? Are there any technical mechanisms or community consensus processes that could potentially lead to the creation of new coins, or would the loss of all coins effectively spell the end of Bitcoin as a viable cryptocurrency? Understanding these dynamics is crucial for investors and enthusiasts alike.
