Why is 21 million bitcoin the maximum supply? Can it be modified?
Why will we never actually reach 21 million bitcoin? Estimates of bitcoin lost so far. Miners can give themselves less than the subsidy. Satoshis becoming the new default unit.

These questions are from the second and third session of MOOC 12, which took place on September 19th and 27th 2019, respectively. If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron: https://www.patreon.com/aantonop

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Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in Bitcoin. He is the author of “Mastering Bitcoin,” “The Internet of Money” series, and “Mastering Ethereum.”

Follow on Twitter: @aantonop https://twitter.com/aantonop
Website: https://antonopoulos.com/

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MASTERING BITCOIN, 2nd Edition: https://amzn.to/2xcdsY9

Translations of MASTERING BITCOIN: https://bitcoinbook.info/translations-of-mastering-bitcoin/

THE INTERNET OF MONEY, v1: https://amzn.to/2ykmXFs
THE INTERNET OF MONEY, v2: https://amzn.to/2IIG5BJ

Translations of THE INTERNET OF MONEY:
Spanish, ‘Internet del Dinero’ (v1) – https://amzn.to/2yoaTTq
German, ‘Das Internet des Geldes’ (v1) – https://amzn.to/2LEiyqO
German, ‘Das Internet des Geldes’ (v2) – https://amzn.to/2VCzse5
French, ‘L’internet de l’argent’ (v1) – https://www.amazon.fr/Linternet-largent-Andreas-M-Antonopoulos/dp/2856083390
Russian, ‘Интернет денег’ (v1) – https://www.olbuss.ru/catalog/ekonomika-i-biznes/korporativnye-finansy-bankovskoe-delo/internet-deneg
Vietnamese, ‘Internet Của Tiền Tệ’ (v1) – https://alphabooks.vn/khi-tien-len-mang

MASTERING ETHEREUM: https://amzn.to/2xdxmlK

Music: “Unbounded” by Orfan (https://twitter.com/grassfedbitcoin)
Outro Graphics: Phneep (http://www.phneep.com/)
Outro Art: Rock Barcellos (http://www.rockincomics.com.br/)

source

19 COMMENTS

  1. Hi Andreas, I have a question – could bitcoin migrate to PoS as ethereum is doing in case that PoW becomes problematic (for example quantum computers in 10-20 years or any other reason).

  2. So each Bitcoin is currently 100 Million Satoshi and if they wanted to we could divide each Satoshi further into 100 Nakamotos? Just like 1 Dollar can be divided into 100 cents?

  3. Thank you for your answers! I am sure you were thinking like, if some genius has created Bitcoin code, there could be the one that can decode it in the way that it can change this unique feature of scarcity? The whales are doing whatever they want with the price of Bitcoin, are they not? Do you believe that Bitcoin will still be independent even more?
    Cheers.

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