2026-01-06 14:25:57

Many people emphasize Bitcoin's scarcity, but a closer look reveals the problem. There are plenty of coins with a total supply of 20 million on the market, including BCH, which also has a fixed total supply of 20 million.

The real issue is that Bitcoin's mining mechanism doesn't truly limit supply. Even if the total supply is set to 1, as long as 1% is mined daily, it would theoretically never be fully mined in a lifetime. Looking at it from another perspective, according to a decreasing formula like 1×0.1×0.1×0.1, no matter how many years pass, there will always be coins to mine.

This mechanism may seem ingenious, but in essence, it amounts to unlimited issuance. Since new coins are constantly entering the market, what talk of scarcity? Isn't that self-deception? If true scarcity is desired, why not just set a hard cap directly? Such a design logic indeed warrants the market's re-evaluation.

BTC0,08%

BCH2,61%

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FundingMartyr

· 01-09 09:09

Huh? There's a problem with this logic. If you don't even understand the halving mechanism, stop talking nonsense. Bitcoin indeed has many issues, but using that to deny its scarcity is really just arguing for the sake of arguing. Wait, are you trying to say that the total supply of 21 million isn't a hard cap? Then you need to do some homework. During the halving cycle, the new coin issuance decreases at a constant rate, which can't be explained by your formula. This mechanism of BTC does have flaws, but using "it can never be mined out" as an argument is too far-fetched.

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LiquidationOracle

· 01-07 03:19

Bro, there's a bit of a flaw in your logic. You didn't calculate the halving cycle correctly. --- Oh my god, it's that kind of argument again that "Bitcoin's essence is infinite issuance." I did my best. --- ? Could it be that we just set the hash rate to 0? That idea... is brilliant. --- Scarcity isn't in the supply volume; it's in the acquisition cost. Wake up, everyone. --- There are a bunch of coins with a total supply of 20 million, but none of them have lasted 12 years like BTC and are still alive. --- Just want to ask, does the halving thing not exist? Or are you calculating it based on annual interest rates? --- Honestly, this set of arguments could have fooled people a few years ago, but now... never mind, I won't say anything. --- Infinite issuance? Bro, take a look at that halving contract in your hand and come back.

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OnChainArchaeologist

· 01-06 14:55

Haha, there's a bit of a logical issue here. The halving mechanism has long since locked this down.

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ProofOfNothing

· 01-06 14:38

Bro, there's a bit of a problem with this logic. Decaying mining and unlimited issuance are completely different things. If you don't understand, don't just make stuff up. Bitcoin has long capped at 21 million. This perspective is fresh, but you didn't get the core of the halving mechanism. Are you talking nonsense? Let me recalculate it. It's definitely worth thinking about, but the premise is to understand how the consensus mechanism works.

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YieldChaser

· 01-06 14:35

Haha, that's not right. Bitcoin has already capped at 21 million. This guy probably doesn't understand that. This guy confuses halving with unlimited supply, which is indeed ridiculous. Honestly, if you haven't learned math well, don't come out and spread rumors. The halving mechanism has been set in stone for a long time. Here comes another argument that "Bitcoin is actually infinite inflation," which is outdated. The supply is locked at 21 million; that's written into the code. How does that become unlimited issuance? Wait a minute, this guy probably doesn't understand what a halving cycle really is.

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pvt_key_collector

· 01-06 14:28

Forget it, this logic is flawed. They haven't even understood the halving mechanism. If your math isn't solid, don't spread false information and cause harm. Do you really think halving is just air? It's already 2024, and you're still obsessing over this? It's been thoroughly debunked. These kinds of comments give me a headache; they're just arguing over the definition itself.

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