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I totally Invision a future in which some developers propose to lift the Bitcoin limit to 42 million. It would be described as a way to incentives miners, reduce cost of transaction or whatever. In the end, birthday coin is not limited at 21 million like people claim. It is limited where the consensus limits it.

you're not wrong. i'm baffled every time i hear someone say "its the only thing in the world you can't possibly make more of!" like its a law of physics or something. that said... any individual or group (of any size), can refuse a fork that would lift the limit. and nobody could unilaterally force them to accept it - only entice them with incentives. so as long as their will stands, for them it *is* like a law of physics. everyone on the fork allowed their own physical laws to bend and break for false deus ex machina promises of easier/better/cheaper, while the 21m crowd are still living in their consistent timeline. i'll let your imagination do the rest wrt what the character and futures of those two distinct societies will look like, given their founding stories.

I kind of expect the downfall of Bitcoin to be the three-generation thing: our generation built it and understands the ethos behind it, then our kids will partially understand it while benefiting completely by our adoption of it, and then their kids will think they know better and mess with it in some fundamental way. I’m not saying there will be a downfall, but if there were, this would be the pattern I predict it would follow.

And if there is paper BTC (affecting the price for good so far) we have to understand that surely there’s more than 21M already

2028. Next year at the max. Ha

This is a good post. 🫡

Yet how does this work in practice? Wouldn't companies want some proof of reserves from Coinbase and friends?

I think it’s widely known but simply it’s very unlikely which makes 21 million a certainty

Precisely. I get called all sorts of things for mentioning this. I ask those people to point me to an example where humans have not gamed the system throughout history?

But they would never do that. I mean come on that would hurt their own business right

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Good one. Thanks for posting.

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