Photo by Dmitry Demidko on UnsplashThe original article highlights the possibility of Bitcoin\u2019s code being changed to alter Bitcoin\u2019s hard cap (the maximum number of bitcoin that will ever exist). However, it grossly oversimplifies the difficulty of implementing such a drastic change.One of the first things that you normally learn about Bitcoin is that the core code was designed to only ever create 21 million bitcoin that would be slowly released over many years \u2014 a process known as bitcoin mining. As I write this on Feb. 21, over 18.6 million of them have already been mined, with 6.25 new bitcoin being mined about every 10 minutes and the amount of new mints algorithmically decreasing by \u00bd every 4 years.The beauty of a decentralized network is that any changes that will be universally applied must first be accepted by the majority of the people sustaining the network (in this case, the nodes\/miners). Many changes have been proposed for the Bitcoin network over the years via Bitcoin Improvement Proposals (BIPs) and, for the most part, many of them were approved by the network because they adhered to and built on top of Bitcoin\u2019s core values. Some proposals, though, were so drastically far from Bitcoin\u2019s intended functionality, the nodes\/miners\/community collectively smacked them like the back of a fresh skin fade (I\u2019m looking at you, Segwit 2x).Historically, the Bitcoin community has been shown to reject any drastic changes to its core protocol, and as the community continues to grow, and people become more educated and more involved in the network, that slim chance of a hard cap change happening becomes so negligible, it\u2019s almost non-existent. It\u2019s more than just a promise \u2014 it\u2019s understanding and consensus that keeps it from changing.The original article points out that \u201capproximately 2,300 U.S. businesses accept Bitcoin\u201d while\u2026<\/p>","protected":false},"excerpt":{"rendered":"
Photo by Dmitry Demidko on UnsplashThe original article highlights the possibility of Bitcoin\u2019s code being changed to alter Bitcoin\u2019s hard cap (the maximum number of bitcoin [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts\/3726"}],"collection":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/comments?post=3726"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts\/3726\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/media?parent=3726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/categories?post=3726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/tags?post=3726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}