Quote Originally Posted by sonatine View Post
Quote Originally Posted by The_PHA View Post

I find it bizarre people take at face value there are only 11M of these in circulation. Says who? Some random ghost on the internet? This shit has Mafia written all over it. It already looks as a long planned orchestrated scheme. There is no reason for bicoins to exist other than for shady shit.
Its a theoretical ceiling of 21M unique bitcoin hashes iirc and I believe that ceiling is the product of a mathematical limitation in the hash generation algorithm, but someone mathy is going to have to yay or nay that definitively.
You are correct on the 21 million limitation. They can always modify the algorithm which is part of what bothers me. Each bitcoin is basically an algorithm generated by another algorithm. I do a lot of that for work, the problem is the original algorithm can be changed and generate "new" more expensive bitcoins. Kind of like making different dinominations where their shouldn't be. I've looked into it quite a bit, and its very intriguing but I don't see how you secure it or stop it from over complicating itself.