/biz/ - Business & Finance

Cringe.
This isn't eth.

>>10905147
So you’re either a salty no-coiner that has no idea how Bitcoin actually works, or you’re a troll. Either way it’s still pretty sad to post this on a Mongolian basketweaving forum.

>>10905147
This man understands. Bitcones, that's a scam. Now what you want is a real multi-level investment opportunity such as Juice Plus or Arbonne. There are no shortcuts, just hard work taxed at every step of the way

>>10905147
I could hard fork bitcoin tomorrow and raise the limit to 10 Billion coins,

Does this mean that anyone will use that hard fork? No. Does this mean the original bitcoin chain will go down in value or be affected in any way? No.

The Bitcoin limit won't be reached until 2140. That Bitcoiners are using this limit as an argument against anything is ridiculous. You're fucking dead by that time. The limit doesn't fucking matter.

>>10905221
Retard. By 2024 94% of all bitcoin will be mined. Changing the limit will drastically change the number of coins in circulation in our lifetime.

>>10905467
Dumbass, how would that change the number of coins in circulation if the rate of mining is the same?

Once the total supply hits 21 mil it will go into Prestiage mode and the cycle will begin again.

>>10905555
The limit is not hard-coded into the bitcoin program, it’s just a result of the block reward decreasing geometrically, and block frequency. Using those two numbers you have the implicit limit.

The only way to change the limit in the first place is to change the mining rate.

>>10905147
Is this new pasta? It's a good way to weed out all the newfags.

>>10905147
>a few lines of code agreed upon by the current devs
You mean everyone running a economically significant node