One of the influencers Bitcoin developers, Peter Tod (also rumored to be Satoshi in the documentary HBO), stated that Bitcoin may not have a solid cover in the future and will swell by 1 % per year.
Have you laughed loudly? Many on the Internet they have He claimed that “21 million BTC” is the best novel for Bitcoin.
Bitcoin fixed supplies of 21 million coins were a distinctive advantage of it, as they put it as “digital gold” in a world of coin Fiat. What happens if that disappears?
Bitcoin steel cover assets
Who is Peter Tod? In the new HBO DOC “Money Electric”, Peter Tod, the main Bitcoin developer, was selected as Satoshi Nakamoto, Bitcoin origin.
You want, in the picture above, it is exactly what you might expect Satoshi. In the words of Al -Gharibi’s song: “White & Nerdy”.
Although Bitcoin’s offer has become essential to the value proposal, it is not explicitly written in its source code. This gradual slowdown is designed to inhibit a new version over time, as the final currency is expected to arrive in 2140.
Peter Todd suggested rethinking the entire sacred cover, as it provided a small and fixed inflation rate to maintain mine workers at the end of the bonuses. It is a controversial idea, but one of them gains an attractive among those who are concerned about future security risks.
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Changing the bitcoin cap 21 million is not like that of the key to flip the key. This may require an official proposal to improve bitcoin, a wide theory review, and the wide consensus of the ecosystem, especially the 22,000 active contract that keeps the network to be operated.
Without an almost non -competitive agreement, this step can lead to a difficult thorn, which breaks the series as happened in 2017 with the creation of Bitcoin Cash.
A violent reaction society
Trying to raise the Bitcoin’s width cover is similar to trying to rewrite the Bible – and the believers do not get it. Analysts argue that his maximum is Linchpin from his legitimacy.
“Changing it will undermine confidence in the system,” said Virginia Canter. “The scarcity is the story.”
History was not nice with internal battles. The sparkling drama that divides the community between 2015 and 2017 is a case study in the extent of the rapid technical discussions that become ideological wars.
Nevertheless, although there is a different issue looming on the horizon: once every 21 million BTC is extracted, miners will draw up on their own. This raises a greater question – will this be enough to keep people satisfied?
What is the following for Bitcoin?
Currently, tampering with 21 million CABCOIN of 21 million speculation remains.
Acute technical and political obstacles and the potential market repercussions make them not likely in the short term. But the conversation highlights how Bitcoin is still developing and there is nothing certain even with BTC.
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Bitcoin fixed 21 million coins were a distinctive advantage of it, as they put it as “digital gold”.
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Trying to raise the Bitcoin’s width cover is similar to trying to rewrite the Bible – and the believers do not get it.
Post Top Bitcoin Developer Peter Todd doubts Cap 21M: Are you still holding? First appeared on 99bitcoins.