Cryptocurrency Q&A
Will there ever be more than 21 million bitcoins?
Will there ever be more than 21 million bitcoins?
Stefano
Mon Jul 15 2024
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7 answers
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Could you elaborate on the possibility of there ever being more than 21 million bitcoins in circulation? Given the hard-coded limit within the Bitcoin protocol, is it feasible for this number to increase, or is it truly a set maximum? What are the potential implications if the limit is ever surpassed, and how would the Bitcoin network handle such a scenario? Furthermore, what measures are being taken to ensure the long-term stability of the Bitcoin supply and prevent any unexpected deviations from the intended 21 million ceiling?
7 answers
WhisperVoyager
Wed Jul 17 2024
The finite supply of Bitcoin, capped at 21 million, is a cornerstone of its economic model.
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GangnamGlamour
Wed Jul 17 2024
This hard cap is safeguarded by Bitcoin's intricate incentive and governance structure.
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SumoHonorable
Tue Jul 16 2024
The decentralized nature of Bitcoin ensures that no single entity can unilaterally alter its fundamental rules.
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CryptoWarrior
Tue Jul 16 2024
The entities that oversee Bitcoin's rule set, primarily miners and developers, have a vested interest in maintaining the hard cap.
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CryptoAlchemist
Tue Jul 16 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services that cater to Bitcoin enthusiasts and traders.
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