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Re:S&P Dow Jones Indices to launch cryptocurrency indexes in... by iamspoilt on Thursday December 03, 2020 @11:57AM (#25291063)
It is fixed at 21M but technically, this can be changed through an Economic Majority [0][1].

[0] https://en.bitcoin.it/wiki/Economic_majority

[1] https://bitcoin.stackexchange.com/questions/3945/how-could-t...

Re:S&P Dow Jones Indices to launch cryptocurrency indexes in... by ur-whale on Thursday December 03, 2020 @01:42PM (#25292739)
"Could" being the operative word here.

But then, this is where Bitcoin is genius: the code isn't everything.

There's a whole bunch of built-in economic incentive feedback loops.

And getting to an "Economic Majority" is very unlikely to happen because none of the participants have to gain from that change.

Also: since a bitcoin is divisible to 10e-8, it's going to be a very long while before there's an actual shortage of the darn thing.

Re:S&P Dow Jones Indices to launch cryptocurrency indexes in... by itsoktocry on Thursday December 03, 2020 @08:06PM (#25297734)
>There's a whole bunch of built-in economic incentive feedback loops.

Is the implication that monetary and fiscal policy also not driven by economic feedback loops? Of course they are; just different ones.

Re:S&P Dow Jones Indices to launch cryptocurrency indexes in... by tuberelay on Thursday December 03, 2020 @03:51PM (#25294693)
21M is the basis of bitcoin for most hodlers.

Any fork or decision by anyone to change this 21M number means that for me (and most hardcore bitcoiners I know) the chain which sticks to Satoshi's 21M becomes the REAL bitcoin chain.

21M is non negotiable. If it doesn't have 21M, it simply isn't BTC.

Re:S&P Dow Jones Indices to launch cryptocurrency indexes in... by px43 on Thursday December 03, 2020 @04:31PM (#25295342)
It can also be changed if Mathematicians all decide to redefine what numbers mean, which has just about as much chance of happening.
Re:S&P Dow Jones Indices to launch cryptocurrency indexes in... by hammock on Thursday December 03, 2020 @12:31PM (#25291638)
What does this concept of Economic Majority look like of we consider it for the US Dollar, rather than btc?
Re:S&P Dow Jones Indices to launch cryptocurrency indexes in... by anythingdude321 on Thursday December 03, 2020 @01:05PM (#25292191)
economic majority for the USD is the Federal Reserve Board
Re:S&P Dow Jones Indices to launch cryptocurrency indexes in... by ur-whale on Thursday December 03, 2020 @01:43PM (#25292756)
Doesn't apply. The feds control the USD and if there's one thing the fed isn't it's a democratic mechanism.
Re:S&P Dow Jones Indices to launch cryptocurrency indexes in... by dehrmann on Thursday December 03, 2020 @12:46PM (#25291881)
This should actually scare "investor" speculators: if the number of mining pools gets much smaller, miners collude, or someone performs a DDOS attack some miners, fundamental assumptions of the currency go out the window.