Maximum number of bitcoins

carrialgo
Posts: 95
Joined: Wed Apr 26, 2017 8:55 am

Maximum number of bitcoins

Sat May 06, 2017 6:59 am

So I read that the max there will ever be of bitcoin is 21 million; is this number enough for the currency to survive?
Nichols
Posts: 9
Joined: Sat Apr 08, 2017 7:06 am

Re: Maximum number of bitcoins

Tue May 09, 2017 8:39 am

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.
howard
Posts: 150
Joined: Fri Apr 07, 2017 6:03 am

Re: Maximum number of bitcoins

Mon Sep 11, 2017 5:18 pm

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.
jamy
Posts: 206
Joined: Mon Apr 10, 2017 10:42 am

Re: Maximum number of bitcoins

Mon Sep 11, 2017 5:19 pm

this could be a problem when demand is more and bitcoin's supply is less.
Jed
Posts: 93
Joined: Tue Apr 25, 2017 5:38 am

Re: Maximum number of bitcoins

Mon Sep 11, 2017 5:54 pm

I don't agree with the people here, it wont't effect its usage.
joe
Posts: 106
Joined: Thu Apr 06, 2017 10:33 am

Re: Maximum number of bitcoins

Mon Sep 11, 2017 5:54 pm

yeah there is nothing related to its limit for its survival, if people stops using it this could be a threat to bitcoin.
jordi
Posts: 89
Joined: Thu Apr 06, 2017 10:38 am

Re: Maximum number of bitcoins

Mon Sep 11, 2017 5:55 pm

this somehow comes in the flaw of bitcoins that they have limited supply but there bitcoin would still survive.
joseph
Posts: 84
Joined: Thu Apr 06, 2017 7:52 am

Re: Maximum number of bitcoins

Mon Sep 11, 2017 5:56 pm

according to me for global acceptance this limit is very low.
josh
Posts: 96
Joined: Sat Apr 08, 2017 11:24 am

Re: Maximum number of bitcoins

Mon Sep 11, 2017 5:56 pm

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.
jsutee
Posts: 89
Joined: Thu Aug 31, 2017 6:17 am

Re: Maximum number of bitcoins

Mon Sep 11, 2017 5:57 pm

Bitcoin limit doesn't effects its survival.
Justin
Posts: 89
Joined: Tue Apr 25, 2017 5:39 am

Re: Maximum number of bitcoins

Mon Sep 11, 2017 5:58 pm

bitcoins can definitely survive with this limit.
karim
Posts: 234
Joined: Wed Apr 19, 2017 7:31 am

Re: Maximum number of bitcoins

Mon Sep 11, 2017 5:59 pm

bitcoins can survive with this limit cz once the limit is reached people would still be using it in payments, investments etc.
robert
Posts: 95
Joined: Thu Apr 06, 2017 7:56 am

Re: Maximum number of bitcoins

Tue Sep 12, 2017 5:02 am

Total no of bitcoins is 21 million.
roger
Posts: 94
Joined: Thu Apr 06, 2017 12:48 pm

Re: Maximum number of bitcoins

Tue Sep 12, 2017 5:03 am

Yes and 16 million bitcoins are mined in 9 years and now 5 millions bitcoins left.
rooney
Posts: 118
Joined: Thu Apr 06, 2017 8:49 am

Re: Maximum number of bitcoins

Tue Sep 12, 2017 5:04 am

Yes it can survive after the bitcoin bitcoin cash will take place.
sanedelight
Posts: 192
Joined: Wed Apr 26, 2017 8:54 am

Re: Maximum number of bitcoins

Tue Sep 12, 2017 5:04 am

Bitcoin cash (BCC) recently introduce in 1 August 2017.
truelegend
Posts: 134
Joined: Tue Sep 05, 2017 7:48 am

Re: Maximum number of bitcoins

Tue Sep 12, 2017 5:05 am

This new chain has a transaction limit of 8 megabytes.
vik
Posts: 263
Joined: Wed Apr 19, 2017 7:20 am

Re: Maximum number of bitcoins

Tue Sep 12, 2017 5:05 am

Bitcoin cash (BCC) split from bitcoin.
zach
Posts: 253
Joined: Wed Apr 19, 2017 7:18 am

Re: Maximum number of bitcoins

Tue Sep 12, 2017 5:06 am

Bitcoin cash also have the same limit of 21 million.
wesly
Posts: 92
Joined: Wed Aug 23, 2017 4:37 am

Re: Maximum number of bitcoins

Tue Sep 12, 2017 5:07 am

The total limit is 21 million which is not enough.
rumio
Posts: 101
Joined: Wed Aug 23, 2017 4:38 am

Re: Maximum number of bitcoins

Tue Sep 12, 2017 5:18 am

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.
aliena
Posts: 97
Joined: Wed Aug 23, 2017 4:39 am

Re: Maximum number of bitcoins

Tue Sep 12, 2017 5:19 am

only 5 million bitcoin left which will mine in 2 to 3 year.After which no one know what will happen.

Return to “General”

Who is online

Users browsing this forum: immawlela, mymnEmbar, Utestepesk and 2 guests