Unbelievable boldness: who wants to increase the maximum number of bitcoins?

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2019-02-10 18:30:09

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Unbelievable boldness: who wants to increase the maximum number of bitcoins?

21 — a sacred number for each Bitcoin-maximalist. It so many millions of coins BTC will be mined only, and that this figure appears in many articles and news about . But what if 21 million bitcoins is too little?

To such conclusion came a group of cryptoendoliths. They advocate an increase in the maximum amount of BTC to the benefit of the project. However, for many developers and investors, this idea still seems to «blasphemous».

the

as we need bitcoins

During the event «Satoshi Roundtable» last week Matt Luongo proposed to revise the first rules Satoshi Nakamoto. In his opinion, this will help to solve the problem with the mass adoption of the Lightning Network. But how?

As halving Bitcoin happens every 4 years, in theory, in the future miners will not benefit process the transaction on the blockchain of cryptocurrency. In addition, the number of transactions will be significantly reduced, as most translations will be done in Lightning Network. In the end this situation will lead to increased threats of attack 51 on the Bitcoin network.

The Maximum number of Cash is also proposed to increase for the same reasons. Because of the low commissions cryptocurrency after a few haligov miners would be unprofitable to do their business.

The Other accepted such statements strongly dislike. Not surprisingly, because you increase the maximum number of bitcoins that can theoretically lead to a depreciation of each individual coin. This can severely damaged the reputation of cryptocurrencies because of its rarity and scarcity are very good trump card against Fiat.

By the Way, nobody still doesn't know why Satoshi chose 21 million. The maximum number of Satoshi, that is, the smaller units of Bitcoin, mystically coincides exactly with the maximum 64-bit number. Even more interesting can be found in our .

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