Them: Can't the Bitcoin code just be changed to make more Bitcoins?
Me: You mean like the 7 people on the Board at the Federal Reserve (which controls money supply and interest rates) have always done?
Yes, the #Bitcoin code can absolutely be changed, just like The Fed can change the money supply and interest rates.
The real difference between Bitcoin and The Fed is:
- If the Bitcoin code gets changed to increase the supply of Bitcoins, NONE of the 19,000+ decentralized nodes are forced to accept the new code. Everyone gets a vote and it's 100% opt-in.
- When The Fed makes changes to the money supply and interest rates, every citizen is FORCED to accept it. No vote and no opt-out.
https://www.federalreserve.gov/aboutthefed/bios/board/default.htm