Questions tagged [21 million limit]

SamuraiBrave Sun Dec 22 2024 | 5 answers 1421

I've heard that Bitcoin has a 21 million limit. I'm curious to know why this limit exists and what purpose it serves in the Bitcoin system.

Nicola Thu Dec 05 2024 | 6 answers 1189

I'm curious about the limited supply of bitcoins. Why is it that there can only be 21 million bitcoins in existence? What's the reason behind this specific cap?

Lorenzo Fri Nov 29 2024 | 6 answers 1183

I want to know who decided on the maximum supply of 21 million Bitcoins. Who is responsible for setting this specific limit for the cryptocurrency?

Elena Wed Jul 17 2024 | 6 answers 1151

Inquiring minds may ask: What precisely does the '21 million Bitcoin limit' entail? This threshold seemingly looms large in the world of cryptocurrency, yet what does it signify in the context of Bitcoin's broader ecosystem? Is it a hard cap that cannot be surpassed, or is there potential for future adjustments? Understanding this limitation is crucial for investors, miners, and enthusiasts alike, as it shapes the economic incentives and potential value of Bitcoin. Could you elaborate on the origins, implications, and potential implications of this seemingly arbitrary yet significant number?

KpopMelody Mon Jul 15 2024 | 5 answers 1234

Could you please elaborate on the origin of the 21 million limit set for Bitcoin? Specifically, is it widely believed that the pseudonymous creator of Bitcoin, Satoshi Nakamoto, was the one who established this cap? Was this decision based on technical, economic, or philosophical considerations? Furthermore, has the imposition of this limit had any significant impact on the market value, supply, and demand dynamics of Bitcoin over the years? Lastly, what are the potential implications and ramifications of this limit in the long-term evolution of cryptocurrency and digital assets?