RATE Group | Attempts to Increase Bitcoin’s Supply Would End Up With Another “Bitcoin”
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Attempts to Increase Bitcoin’s Supply Would End Up With Another “Bitcoin”

14 Mar Attempts to Increase Bitcoin’s Supply Would End Up With Another “Bitcoin”

Posted at 17:52h in Bitcoin News by

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Attempts to Increase Bitcoin's Supply Would End Up With Another "Bitcoin" 101
A famous painting by a Belgian Surrealist artist, René Magritte. It says: This is not a pipe.

Bitcoin’s supply cap is one of its biggest selling points. Limiting the network to almost 21 million BTC, the cap makes Bitcoin a ‘deflationary’ currency.

Naturally, people have been questioning whether it might be possible to remove this cap. In theory, by simply submitting a pull request to Bitcoin Core’s GitHub, a hosting service that is most often used for code, repository, a developer could potentially have the cap’s removal introduced into a future version of Bitcoin.

But according to Bitcoin developers and other industry players, the likelihood of this happening is very low. Yes, it’s technically feasible, but at least now there’s an enormous social consensus against such removal. Even if such a pull request goes through, most likely it would end up with another version of “Bitcoin” while the original cryptocurrency would still have its supply cap.

Bitcoin’s…

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