Title | : | Will There Be More Than 21 Million Bitcoin? |
Lasting | : | 5.16 |
Date of publication | : | |
Views | : | 27 rb |
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Awesome video, never thought of this but its actually really clever! Would love a video of a deepdive into the bitcoin code repository, maybe 10-20 min total Just an idea, lot of devs never looked into the code I assume Comment from : @dcts7526 |
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So changing the 21 Million cap means it's not Bitcoin anymore but changing from PoW to PoS doesn't mean it's not Bitcoin anymore? What is the criteria for changes that keep the Bitcoin brand and changes that don't? Comment from : @PedroRomeroNavarro |
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There's probably be less Bitcoin and less and less and less 😅 Comment from : @vikitheviki |
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best guy forlearning inbitcoin space🎉 Comment from : @orezgeri |
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This is the best explanation I heard on the limit factor of Bitcoin Simple and to the point! WOW Comment from : @financetips |
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Which would be worse:bra) going to POS, but retaining the 21M cap; orbrbrb) allowing for a "tail emission" like monero has but retaining the POW protocol?brbrBetween the two, I'd much prefer a "tail emission"; that way, the decentralized nature of bitcoin would be retained If bitcoin goes to POS, it'll become too centralized too easy for governments to take it down Comment from : @dlukton |
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There will be tail emissions down the road, that's for surebrI think what ethereum is trying to achieve is more adequate: elastic supply Comment from : @flyhunterz |
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How to get into the venom testnet please help its a gem i dont wanna miss out Comment from : @kasugaiMango |
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Yo estoy sumamente preocupado porque en el año 2140 ya no se podrán minar más bitcoines Comment from : @robertowalsh5707 |
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Andreas the legend I've been listening to you since 2012 Comment from : @FindingUFO |
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How is anybody still listening to this pathetic scam artist? BTC is not bitcoin Comment from : @horizonvariations |
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By who is determined this 21 mil? Who determined this number can change to more isn't it? Comment from : @swamibrahmavadin5234 |
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He doesn't deny that bitcoin security model is broken Comment from : @cormactaylor9539 |
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BSV is true Bitcoin model Turing complete and set in stone Comment from : @DementiaJoe |
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Bitcoin can halve infinitely It's infinitely divisible By that point its price would be so high that the value of the sats being issued would be higher! brThere is no worry Comment from : @generalsalami8875 |
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If the choice was up to me, I would much rather abandon the 21 million Bitcoin cap than move away from proof-of-work to something less secure like proof-of-stake brbrIf there is a consensus among the Bitcoin nodes, bany/b change to the protocol is possible If there is a consensus among Bitcoin users that a certain change is in the ecosystem's best interest, there isn't any part of the protocol that is off limits in theory The difference between Bitcoin and alt-coins is that there isn't a central group that can force change Comment from : @frenchmarty7446 |
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The 21 million hard cap is a very unique trait that Bitcoin pioneered Comment from : @DiscoverCrypto1 |
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The existing Visa credit card network processes about 15 million Internet purchases per day worldwide Bitcoin can already scale much larger than that with existing hardware for a fraction of the cost It never really hits a scale ceiling
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brHow about that as a definition of what Bitcoin is? Seems like BTC changed already compared to Santoshi's vision? Comment from : @Lephoenixwindheart |
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Great explaination Thanks Comment from : @coachkesey |
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Someone please enlighten me!!!!brHow is 21 Million Bitcoin enough for the whole world? If rich people keep buying and HODLing most of it specially the one who got in the beginning how is it fair for the late people trying to get in at such a high price? brHow does this fix the current system? How is it any different? How will this fix the world poverty? I have yet to find an answer that makes sense… anyone can help understand please?brI understand it's centralized and it's not controlled by the government but now it's controlled by greedy people so what's the difference? Comment from : @lagirlyshop8786 |
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Thanks Genius! Comment from : @gustavodilaudo4436 |
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Hi is it possible to find unconfirmed BTC transaction ? the only info I have is my BTC address , one of the received transactions disappeared and now I can't find it Comment from : @michals1108 |
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bitcoin going in wrong direction and all other coins also Comment from : @gryftugh |
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wellin 2010 it happened, an attacker almost made 16B of bitcoin Si technically it can happen Comment from : @matiasss550 |
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Is this a re-upload? Comment from : @putyograsseson |
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Great content as usual Much appreciated! Comment from : @drankurpathak |
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I love worrying about things that will have to be dealt with 100 plus years from now when I'm long gone The technology that will exist in the future will most likely make this problem a moot point Cheers! Comment from : @BladeRunner-td8be |
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there will always be an altcoin worth more than bitcoin why because their will be scam Comment from : @ddljddlj704 |
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One question regarding this: wouldn't it be possible to change the division of Bitcoin? Let's say 1 Satoshi will become dividable by 1000 on the Bitcoin Blockchain which makes the amount of bitcoins thousand fold And when you can divide a thing indefinitely, it basically becomes unlimited in issued Value Would the answer be the same: fork?? Comment from : @FalcoPunch182 |
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It cannot be changed Comment from : @cryptoskinz3815 |
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👇Intellectweb s Comment from : @bradley4010 |
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Hello, I think I haven't seen this question before Can you use your private Keyes to access your Bitcoin from any Bitcoin wallet? Comment from : @mikefriz |
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Thanks for this, Andreas Highly appreciated Comment from : @unit0155 |
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Time will tell how Bitcoin ecosystem evolves and if an inflation fork will be necessary It depends on how widely it will be used and how often through 2nd layers If we can keep growing the market size, there may be another decade or two without having to address the issue brbrOne thing that may bite back is how much analysts talk about the hashrate It would be fine even it doesn't grow more or even decline a bit We can have a growing market regardless Comment from : @helio2942 |
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So there will always be an infinitesimal amount of btc issued for every new block? Comment from : @marty590 |
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Obviously, there won't be more than the amount but it's best to take your share nowbrjust buy and HODL keeping my coins on atomic wallet Comment from : @Bee4Blockchain |
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10 sats every 10 min is 1 btc every 190 years Comment from : @Bmilroy080688 |
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Did you really make a logo out of your hairline ? Comment from : @RimZeime |
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Thank you Comment from : @georgemcnaughton7839 |
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You need to talk about fee structure If there is no bitcoin created anymore Is the fee enough to make miners hold up the security? What if most people in 100 years use 2nd or 3rd layer instead of on chain so not much is going on the actual bitcoin Blockchain? Comment from : @daniel_dipo |
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I disagree with the esteemed Mr Antonopoulos on this one I know my opinion is in the minoritybrbrIt is my belief that once BTC's inflation rate gets below 1 and especially below 05 (about 2-to-3 halvings from now) there will be a big legit push for a by-consensus hardfork to change this supposedly sacred 21 million number I imagine it will likely instead be to a constant inflation rate, such as 05 per annum There will be an inflection point at which the mining incentive will increasingly be too low to adequately support the security of the BTC network Transaction fees won't be enough Transactions are moving to second layer solutions and there is a finite scope of 1st layer transactions that the protocol can handle Comment from : @sunchips5 |
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Let’s be real If the US is going to build a Digital Coin, what blockchain will they us??? Bitcoin? No Eth??? Lol, no Ada??? Hahaha nope!!! Xrp?!?! You kidding me…brbrDigibyte!!! It’s a no brainer!!! brbrAnd I know most of you Bitcoin Max’s know this!!! Comment from : @MultiRm |
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Concern isn’t with the code, it’s human nature We could be lazy enough to start using paper bitcoin, akin to paper gold Comment from : @wrexxy49 |
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If Bitcoin would ever change to PoS, that would also create a fork and we would call the PoS coin a sh!tcoin The Bitcoin main chain will stay PoW forever Comment from : @robben4days569 |
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I guess getting to 21 million btc is like trying to reach the speed of light, you never quite get there etc Comment from : @jmpcrx |
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What about all the lost coins, could there be replaced? Comment from : @RoninG0079 |
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It seems very arbitrary to impose a max to the total number of coins created, because in an healthy economy the total quantity of money in circulation should equate the total value of the goods and services that are offered by people, otherwise the money in circulation would not reflect the actual value of those goods and services Comment from : @Nicola-ky2ui |
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But could deflationary money actually work long term especially considering so many bitcoins have been lost along the way? Even now, more people are using bitcoin as a store of value rather than 'money', and that will only get worse with time as value grows What if bitcoin changes to slightly inflationary model once the block rewards drop too low eg from the year 2050, 1 BTC/day added to total mineable supply Comment from : @hamza4hameed |
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I'm not sure what will win "Original" vision without inflation but with very high fee and less minners Or "Evolution" vision with low inflation (like 1/year) but with cheaper fees and more minners Comment from : @bartoszskowronski |
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Absolutely Well answered Comment from : @Yaddlezap |
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monero starts its tail emission around may this year, if i recall correctly that's an interesting alternative, but also not overly problematic, bc from system point of view a tail emission model means that, by design(!), sooner or later (probably rather later ;) an equilibrium between lost coins and newly emitted coins will be reached on the long run, for limes t-->infinity Comment from : @MiccaPhone |
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Wondering how moving to pos will solve anything since only the transaction fees can’t provide enough security budget? Comment from : @yuanliu7545 |
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Man you always do this, your speech is unique and so informativebrThank you Comment from : @sw0rdsadow496 |
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Awesome video and great explination Comment from : @AdrianMoseley |
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i am more worried about paper bitcoin, etf or derivatives that SAY they represent a bitcoin, but are not backed by one , or they claim it is but you have to trust someone or an auditor to verify it Like they did with gold There are plenty of those fake 'voucher', enough to move the market and challenge the scarcity it's not because you or I will refuse to buy them that they don't exist and that they have a value on the market until those things are illegal and illiquid, i think it's a threat to the scarcity feature Comment from : @GabrielGuerreau |
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great video bro Comment from : @jakefever |
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very great analogy! Comment from : @jointherealworldag |
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Such a great vulgarisation Thank you master Comment from : @ikust007 |
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This is already happening with Stacks They create a new crypto linked to Bitcoin called Stacks! Comment from : @vpowerization |
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Miners will be sustained through tx fees because the satoshis will be worth a lot more and more people will be transacting Very simplebrbrPeople who make this argument are just showcasing their misunderstanding and lack of depth of thoughtbrbrIt’s 20,999,999 BTC max by the way Good topic Anton! Thanks Comment from : @se6586 |
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hm, andrea's voice sounds so different compared to 5 years ago What happened? Did I miss something Comment from : @georgemargaris |
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I liked this short videos with explanation Comment from : @maartenregterschot8423 |
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Now THATS some quality clickbait! Now you're getting the hang of it! Comment from : @davidjackowski4336 |
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Proof of work and 21 million are the backbone of what makes Bitcoin revolutionary and the best money ever created by humans Neither can be changed Comment from : @vanadielwindurst8591 |
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Hi brThanks Comment from : @smartcity3406 |
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It depends on the next inflation bug Comment from : @MonkeyMagick |
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Let's get it👍 dollar cost average Bitcoin, wishing you all massive gains🤗 Comment from : @Biglife360 |
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Wow, thank you Andreas! Great explanation; best one I've heard! Comment from : @amica5855 |
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cool Comment from : @areejsa6576 |
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