What’s the economic majority and how could they increase the bitcoin supply of 21million?

Question

Any thoughts appreciated

Answer 1

bitcoin isn't run by a majority. that's utter nonsense.  anything short of 90% agreement among users, nodes, exchanges, merchants and developers would likely just not happen at all. at most it would cause a hard fork, meaning another shitcoin to whither and die.  bitcoin is very decentralized.  there is no entity with unilateral power. not even close.  it is really a beautiful system. i highly recommend you learn more about how nakamoto consensus works.  andreas antonopoulos has some great explanatory videos on youtube on that subject and more.

Answer 2

You can download the source, change the parameters and release it. It wouldn't be Bitcoin, it would be a shitcoin that nobody in their right mind would use.

Answer 3

why would the economic majority want to increase the bitcoin supply?

imagine it really happens, and 90% people agree to increase the supply to 42M... it would cause all of them to lose 50%+ of their BTC value because of dilution

Answer 4

First, Bitcoin is proof of work and you're talking about a scenario that's much more possible and expected on proof of stake which is how the fiat world works. Read a book, called **The Blocksize War** to understand how it will end up.

Second, if you had 90% of something that's limited to 21 million, **why would you want to increase the supply and dilute your holdings**? To have less than 90%?

Answer 5

Any thoughts appreciated? Go read a book instead of begging to be spoon fed

Answer 6

what don't you understand about the fix 21 million supply