And the community took it apart. ๐ฃ
๐ข WHAT ELI BEN-SASSON SAID TODAY:
The limit of 21 million "makes no sense" because private keys are lost over time and "as time goes to infinity, all keys will be lost" Datawallet
His proposal: replace the fixed limit with an annual 4% inflation rate that roughly tracks human population growth ๐ Cointelegraph
๐ THE ARGUMENT THAT SUPPORTS IT:
Ledger estimated that up to 4 million Bitcoin have been burned or permanently lost โ meaning the effective circulating supply of Bitcoin is probably 16 to 17 million BTC, and that loss never stops โ ๏ธ Datawallet