What is bitcoin maximalism?

Ethereum developer Vitalik Buterin commented on the idea of Bitcoin maximalism in 2014. Buterin described Bitcoin maximalism as “Bitcoin dominance maximalism.” Buterin went on to describe the view of maximalists.

What is bitcoin's maximum supply?

Unlike most assets, Bitcoin has a definite fixed supply figure, known as its maximum supply — or the maximum number of Bitcoin that can exist. This figure is set at 21 million units. The rationale behind setting the maximum supply at 21 million was clarified by Ray Dillinger, one of the first people to review the Bitcoin source code.

Will bitcoin reach the maximum of 21 bitcoins in 2140?

Bitcoin will reach the maximum of 21 Bitcoins in 2140. Currently, 16.7 million of Bitcoins are already out. The number of new bitcoins is slowing down. Of course, if there is consensus to change this limit, the limit will be changed.

Why is the supply of bitcoin limited?

Rather, the supply is limited by technical issues and the original design. Bitcoin is created by the highly distributed nodes of a blockchain based peer-to-peer network spread across the world. The generation-algorithm defines how the currency will be mined, following the consensus rules accepted by the entire peer network.