Bitcoin Restriction

ChipArgyle >  As demand increases, the servers will create new Bitcoins 

Its not true. That's a myth. Every "Bitcoin-server" is running on Open Source software with open code. And every "Bitcoin-server" has hard-wired VERY STRICT restriction on how much there's gonna be Bitcoins.

Moreover this restriction is SO PRECISE that I can say exactly how much there will be Bitcoins in the world 10 years from now, how much Bitcoins there will be 20 years from now and so on. See for yourself:https://en.bitcoin.it/wiki/Controlled_supply

You can read about this restriction in many sources, and probably you already heard so many times "There's only 21 million of Bitcoins", but perhaps you were to busy being angry on Bitcoin that you skipped that part.

> There's no reason for that not to happen, because they're arbitrary items that have no inherent value.

The whole invention of distributed databases (blockchain) would be useless if this restriction rule would be impossible to enforce.

The whole idea of Bitcoin as a currency would be really silly, and I would sit here all days long explaining to strangers why it is so.

The whole idea of Bitcoin as a currency would be really silly, if any government easily could manipulate any even random account.

Bitcoin is the revolution. And Bitcoin is so great just because we know how much Bitcoins there will be EXACTLY.

For the cases of more density of wealth concentration within Bitcoin ecosystem there's opportunity to divide 1 bitcoin to 1 million bits, or to 100 million satoshi.

But when you divide Bitcoins it doesn't mean that you're printing new Bitcoins, you're just having system where less and less Bitcoins needed to represent wealth.