Nostr Web Client

0xbitcoiner 2y ago

/** No amount larger than this (in #satoshi) is valid.

* Note that this constant is *not* the total money supply, which in #Bitcoin

* currently happens to be less than 21,000,000 BTC for various reasons, but

* rather a sanity check. As this sanity check is used by consensus-critical

* validation code, the exact value of the MAX_MONEY constant is consensus

* critical; in unusual circumstances like a(nother) overflow bug that allowed

* for the creation of coins out of thin air modification could lead to a fork.

* */

https://github.com/bitcoin/bitcoin/blob/master/src/consensus/amount.h

#plebchain

Reply to this note

Please Login to reply.

Discussion

Komi_Hartman 2y ago

Valid Range: 0 <= nValue <= 21,000,000 * 100,000,000.

How can the existing protocol handle potential future scenarios where the limited supply of 21 million BTC might pose challenges, especially considering global adoption & increasing demand ?

average_bitcoiner 2y ago

Move the decimal place.

Deleted Account 2y ago

Wild how many individuals don't understand basic divisibility concepts

0xbitcoiner 2y ago

As you rightly pointed out, each bitcoin is divisible by 100,000,000, so that doesn't seem to be a real problem to me. People will use satoshis

The Daniel ⚡️ 2y ago

Lack of more units isn’t the problem when they’re divisible.

Komi_Hartman 2y ago

Bitcoin's divisibility into satoshis provides an inherent advantage. With each bitcoin comprising 100M satoshis, the flexibility for microtransactions & global trade is unparalleled.

For satoshis to hold substantial value, Bitcoin's overall market cap must increase. So, it would lead to more US dollars being printed by the Federal Reserve to regulate the fiat stability.

Let's consider BTC's Total Supply is 21MBTC, Value of 1btc:

The concept of satoshis becoming a global currency unit isn’t just about 'divisibility'; it's a paradigm shift requiring collective consensus & adaptability…