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JUST IN: CORE DEVELOPER PETER TODD JUST SAID #BITCOIN SHOULD ELIMINATE THE 21,000,000 SUPPLY LIMIT "IF BTC HAD TAIL EMISSIONS TO BEGIN WITH, NO ONE WOULD CARE" "ECONOMICALLY, IT'S SIMILAR TO GOLD" "WE HAVE THIS TYPE OF SYSTEM THAT SEEMS TO WORK, BUT WE KEEP MARCHING TO A KIND... show more

The Bitcoin Historian

221,439 subscribers

281,854 views • 1 month ago •via X (Twitter)

Finance #BITCOIN

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50 Comments

Dan Held1 month ago

I comprehensively cover why this is a bad idea

Rallen9791 month ago

Fuck this guy! 21 million is the only reason it’s currently valued at $63,000…. This guy will destroy bitcoin

G Thomas Kerr1 month ago

It’s an indefensible position.

The Bitcoin Historian1 month ago

Yet he defends it pretty well

G Thomas Kerr1 month ago

If he wants unlimited supply, I’d point him to dogecoin.

Bitcoin Big Bird1 month ago

@pete_rizzo_ This is honestly fucking insane and would make me swap all my BTC for ETH or something that actually justifies its own inflation. The whole point of bitcoin is that it stands alone as a deflationary currency, the idea elegantly working out mathematically and as a Schelling point.

G Thomas Kerr1 month ago

@pete_rizzo_ Provable digital scarcity was Satoshi’s contribution to humanity. You take away the fixed supply, you take away Satoshi.

G Thomas Kerr1 month ago

@pete_rizzo_ Bitcoin works as digital cash. But there are better payment rails like credit cards.

Nano is green money🥦1 month ago

@BitcoinBigBird @pete_rizzo_ Credit cards are an abysmal example of "better", we can't even use them!

G Thomas Kerr1 month ago

@BitcoinBigBird @pete_rizzo_ Obviously, I will never run into you at the Club level at the Ritz Carlton.

Bram Kanstein1 month ago

Retardation

BTC MAXI1 month ago

Sounds like you agree with him - move on - if you and he wants unlimited supply, I’d point you to dogecoin. Enjoy.

Caged Bird Sings, "Singing Is Resistance"1 month ago

Finally, you are attempting to tell the truth on the nature of the latest attack on Bitcoin. You failed to mention that Peter was also the originator of the OP_Return PR which led to the current fork.

The Bitcoin Historian1 month ago

I generally agree with most Peter Todd arguments

Pastor Coin1 month ago

This guy is a menace. Don't touch the 21 million supply.

Lucky Red Fish, Hoshi and the Dragon.1 month ago

See the BIP 110 people were right.

The Bitcoin Historian1 month ago

Not really tho 🤣

Dave Parker1 month ago

Gtfo

Andre Compounds1 month ago

Get this guy out. Bitcoin is perfect don’t try to change what satoshi created. Some of these core guys have it going to their heads.

₿TC 🗣💯1 month ago

Terrible idea. ₿TC long term status based on digital scarcity should not be tampered with. Especially only being 17 yrs in.

Richard “Dick” Whitman (🌎/21M)1 month ago

No fuck off

tommy1 month ago

proof he isn't satoshi if you needed it

The Bitcoin Historian1 month ago

Wouldn’t Satoshi want to come back and fix his mistakes

Last Coin Standing1 month ago

It's amazing how the most technical bitcoiners are the ones with the least appreciation or understanding of the value of bitcoin's economic features, the most central of which is its absolute scarcity. The fact that gold's supply 'leaks' is not a feature; it's a bug.

₿ Isaiah ⚡️1 month ago

If Bitcoin’s fees aren’t enough to secure the network, then it doesn’t deserve to survive IMO.

The Bitcoin Historian1 month ago

I wonder if they will feel the same way in 2030

₿ Isaiah ⚡️1 month ago

Who is “they?” What happens in 2030?

The Bitcoin Historian1 month ago

Bitcoin user base. Subsidy runs out in 2140. Sorry i meant 2130

₿ Isaiah ⚡️1 month ago

If Bitcoin makes it to 2130, it likely means fees have already been sustaining the network for decades. The issue will probably become a major topic much earlier (my guess around 2050) if fees don’t start increasing by then.

The Bitcoin Historian1 month ago

Maybe not. It's also possible that bitcoin is just insanely valuable. If you do the math at 37 sats, an additional 1 BTC covers like 50 years of block reward

₿ Isaiah ⚡️1 month ago

It might be valuable, but I don’t see a scenario where the block subsidy is still more important than the fees that far into the future. Fees overtaking the subsidy many decades before 2140 would be bullish and prove long-term sustainability without the need for tail-emissions.

BigSky HODL ⚡️1 month ago

Peter Todd is advocating for a hard fork. Not a chance.

Stoney Bitson1 month ago

Fuck this retard

CHAIN REACTIONS ℠ Ӿ1 month ago

I hold only one coin with no MINERS, Fixed supply , No incentives to change the supply, risks eliminated $XNO

Hardfork Dave⚡️1 month ago

The fact that this guy as well as @BitcoinErrorLog is even allowed on stage at Bitcoin++ or the "Lightning Summit" is just proof of retardation.

The Bitcoin Historian1 month ago

@BitcoinErrorLog You just named another one of my favorite people 😂

JohnDoe1 month ago

How can people be pro bitcoin and not understand the basic fundamental theory and principles behind its creation and use? Is he this stupid for real? Does he think that a system of fiat works? Because that’s what he would get. you can divide it infinitesimally. Don’t need more.

Covalent1 month ago

He doesn’t have a single satoshi by the way. He doesn’t care about Bitcoin. He is a fiat slave and the biggest 🤡 ever.

l0rinc1 month ago

Peter is not an active Core dev for the past decade - don't be so sensationalistic...

Stephan Livera1 month ago

Not a current core developer, and Peter will tell you this himself

Nano is green money🥦1 month ago

Everyone that wants a fixed supply uses nano, Everyone that likes inflation uses other coins.

SOTA1 month ago

So his proposal is to turn Bitcoin into a Shitcoin.

🚀 #BTC Holmgren1 month ago

The guy is an idiot. He might be a developer but economic understanding is missing.

Chad Ashton Brown1 month ago

You just make the eight decimal limit a sixteen decimal limit and block rewards continue for another thousand years. You will never reach 21 million, just approach it asymptotically. The only reason for the eight decimal limit is 64int cpu, but 128int will be trivial in the near future. No need to destroy the confidence in scarcity to solve this problem. Just make Bitcoin more divisible.

Gmtoshi1 month ago

Just embrace ordinals and all other awesome stuff directly on bitcoin that is has already been bringing in more revenue for miners and this is definitely not needed

Anders_ ✝️🇩🇰🇧🇷🥩🥩🍸1 month ago

Max 21 million!

8lends1 month ago

bitcoin becoming inflationary would be wild glad it’s just a thought experiment rn the market reaction would be insane

Macq, PhD1 month ago

The only reason he'd say that is because he's tired of people calling him #satoshi, now it's clear he's not. What a horrible idea!

Michael Strike | Ω1 month ago

For those following my content... You've read that I've been saying for almost two years this will be one of the next #Bitcoin principles to attack. The 21M supply cap. There will be forks. Expect Chaos as blockchain tries to remediate systemic attacks to consensus and quantum threats. $QRL

Bitcoin Frogs Merch1 month ago

How to kill bitcoin 101. Can we remove this guy from core?

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