Create 1 more BTC?

SergiusPaulus

SergiusPaulus

Senior Member
Money can be printed for any reason. Can 1 or more BTC be created? Is it technological possible or is it just a policy issue? What would happen if additional BTC CAN be created? Does somebody gain control of its value?
 
Remove Tender altogether. How did John specifically describe the economy of his times?

In practice, the human race relies on some form of exchange—be it explicit or implicit—to maintain social order, economic stability, and mutual support. While it might be possible for small communities to thrive on purely altruistic or non-reciprocal principles, on a global scale, completely eliminating any form of quid pro quo would likely undermine the mechanisms that support cooperation, trust, and collective progress. Therefore, while the form of exchange might vary, some system of reciprocity appears to be a fundamental component of human society.
 

The official answer is no. The unofficial answer is that you can program anything you can think of on a computer with enough technical knowhow. Furthermore, you don't necessarily have to create another one. You can just infinitely divide them.
 
If 1 BTC got out of control in value of an extreme amount wouldn’t they increase the quantity of bitcoins to decrease the out of control high value? Does crypto creators want to create a vast number of significantly wealthy individuals? Or another agenda? I realize the crypto is based on the solving of puzzles if I’m correct.
 
SergiusPaulus said:
If 1 BTC got out of control in value of an extreme amount wouldn’t they increase the quantity of bitcoins to decrease the out of control high value? Does crypto creators want to create a vast number of significantly wealthy individuals? Or another agenda? I realize the crypto is based on the solving of puzzles if I’m correct.
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All BTCs have more or less the same value at any given time, given supply/demand. 1 BTC can't get out of control, so to speak. It would be like saying that a random US dollar bill got out of control, gained value and is now worth $50USD, it doesn't work that way.

In theory, BTCs (and probably most cryptocurrencies) are finite in number. In the case of BTC, that's by design, so it supports a total of 21M BTC. As far as I know, there can't be more, because the protocols used don't allow more than 21M. It's by design.
 
SergiusPaulus said:
If 1 BTC got out of control in value of an extreme amount wouldn’t they increase the quantity of bitcoins to decrease the out of control high value? Does crypto creators want to create a vast number of significantly wealthy individuals? Or another agenda? I realize the crypto is based on the solving of puzzles if I’m correct.
Click to expand...
They allege that there's no way to make more, or that they categorically will never make more. Of course, it's possible. Anything on a computer is possible. Crypto creators are basically running a ponzi scheme. The official story though is that they're, "digital currencies." Why is it a ponzi scheme? Because it makes no logical sense. It's a glorified Chuck-E-Cheese token. It's not actually even really a currency. How many people actually buy stuff with bitcoin? Very few. And why would they? It's so volatile that spending it is stupid. What you have is, in essence, a share in a company that doesn't produce anything, and provides a service that nobody actually uses.
 
One of the great benefits of cryptocurrencies not being able (or wanting) to "print" more currency is that it prevents one of the primary causes of inflation.
 
Well, it can be divided, but the volume remains the same. I don't think that would cause inflation like "printing money" does to a traditional currency. I could be wrong...
 

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