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Maximum number of bitcoins

Posted: Sat May 06, 2017 6:59 am
by carrialgo
So I read that the max there will ever be of bitcoin is 21 million; is this number enough for the currency to survive?

Re: Maximum number of bitcoins

Posted: Tue May 09, 2017 8:39 am
by Nichols
It's not the number but the scarcity that's important for the bitcoin survival. Although there's only going to be 21 million bitcoins ever, each bitcoin can be divided into hundred million satoshi, which means the max the currency will ever reach is 2,100,000,000,000,000 satoshi, which is quite a large number IMO.

Re: Maximum number of bitcoins

Posted: Mon Sep 11, 2017 5:18 pm
by howard
you read it right, this is a cap to bitcoin. This limit is still huge cz not everyone at present is owning a bitcoin. Most of them are with decimal bitcoins.

Re: Maximum number of bitcoins

Posted: Mon Sep 11, 2017 5:19 pm
by jamy
this could be a problem when demand is more and bitcoin's supply is less.

Re: Maximum number of bitcoins

Posted: Mon Sep 11, 2017 5:54 pm
by Jed
I don't agree with the people here, it wont't effect its usage.

Re: Maximum number of bitcoins

Posted: Mon Sep 11, 2017 5:54 pm
by joe
yeah there is nothing related to its limit for its survival, if people stops using it this could be a threat to bitcoin.

Re: Maximum number of bitcoins

Posted: Mon Sep 11, 2017 5:55 pm
by jordi
this somehow comes in the flaw of bitcoins that they have limited supply but there bitcoin would still survive.

Re: Maximum number of bitcoins

Posted: Mon Sep 11, 2017 5:56 pm
by joseph
according to me for global acceptance this limit is very low.

Re: Maximum number of bitcoins

Posted: Mon Sep 11, 2017 5:56 pm
by josh
bitcoins limit is what that matters most of the people cz they think once the limit is reached it's finished, but the case is not like that.

Re: Maximum number of bitcoins

Posted: Mon Sep 11, 2017 5:57 pm
by jsutee
Bitcoin limit doesn't effects its survival.

Re: Maximum number of bitcoins

Posted: Mon Sep 11, 2017 5:58 pm
by Justin
bitcoins can definitely survive with this limit.

Re: Maximum number of bitcoins

Posted: Mon Sep 11, 2017 5:59 pm
by karim
bitcoins can survive with this limit cz once the limit is reached people would still be using it in payments, investments etc.

Re: Maximum number of bitcoins

Posted: Tue Sep 12, 2017 5:02 am
by robert
Total no of bitcoins is 21 million.

Re: Maximum number of bitcoins

Posted: Tue Sep 12, 2017 5:03 am
by roger
Yes and 16 million bitcoins are mined in 9 years and now 5 millions bitcoins left.

Re: Maximum number of bitcoins

Posted: Tue Sep 12, 2017 5:04 am
by rooney
Yes it can survive after the bitcoin bitcoin cash will take place.

Re: Maximum number of bitcoins

Posted: Tue Sep 12, 2017 5:04 am
by sanedelight
Bitcoin cash (BCC) recently introduce in 1 August 2017.

Re: Maximum number of bitcoins

Posted: Tue Sep 12, 2017 5:05 am
by truelegend
This new chain has a transaction limit of 8 megabytes.

Re: Maximum number of bitcoins

Posted: Tue Sep 12, 2017 5:05 am
by vik
Bitcoin cash (BCC) split from bitcoin.

Re: Maximum number of bitcoins

Posted: Tue Sep 12, 2017 5:06 am
by zach
Bitcoin cash also have the same limit of 21 million.

Re: Maximum number of bitcoins

Posted: Tue Sep 12, 2017 5:07 am
by wesly
The total limit is 21 million which is not enough.

Re: Maximum number of bitcoins

Posted: Tue Sep 12, 2017 5:18 am
by rumio
Bitcoin cash doesn’t solve the problem of limit it's just split by bitcoin. This new invention just help to increase the transaction speed.

Re: Maximum number of bitcoins

Posted: Tue Sep 12, 2017 5:19 am
by aliena
only 5 million bitcoin left which will mine in 2 to 3 year.After which no one know what will happen.