Since Bitcoin (BTC) came to life in early-2009, as the cryptocurrency godfather himself, Satoshi Nakamoto, mined the first block, the asset’s 21 million supply limit was made clear as day. While the deflationary nature of BTC made sense at the time, especially to decentralists with the 2008\u00a0Great Recession fresh in their minds, the narrative has changed over the years.<\/p>\n
Little discussion is had on the matter, but some believe that eventually, the ever-decreasing issuance schedule of the flagship cryptocurrency will become unsustainable. And as such, some who wish to revolutionize the revolutionaries have recently made comments that shocked industry enthusiasts the world over.<\/p>\n
For the past five years, through the thick and thin, crashes and parabolic rallies, and crypto industry civil wars, the who’s who of the Bitcoin<\/a> world have convened at Satoshi’s Roundtable. Not much is known about the event. Media is effectively strictly banned, the list of attendees is hard to find, the event’s location is Somewhere, Mexico, and information regarding what was discussed is taboo. This has led many jokingly liken it to the Bilderberg meeting of the Bitcoin ecosystem.<\/p>\n Yet, in the aftermath of the shadowed\u00a0event, a number of leading industry insiders took to Twitter to discuss something a bit bizarre\u00a0\u2014 an increase in the supply cap for Bitcoin. And no, this isn’t a joke, such a topic was actually mentioned and discussed seemingly in-depth.<\/p>\n Attendee Matt Luongo, the founder of Fold and the product lead at Keep, released a thread on the subject matter on Monday, explaining why more than 21 million BTC could make sense eventually<\/em>.<\/p>\n I was the guy that said we might have to one day raise the Bitcoin supply cap. Fight me. https:\/\/t.co\/ysqHHdcggf<\/a><\/p>\n — Matt Luongo \u271c (@mhluongo) February 4, 2019<\/a><\/p><\/blockquote>\n\n