Solega Co. Done For Your E-Commerce solutions.
  • Home
  • E-commerce
  • Start Ups
  • Project Management
  • Artificial Intelligence
  • Investment
  • More
    • Cryptocurrency
    • Finance
    • Real Estate
    • Travel
No Result
View All Result
  • Home
  • E-commerce
  • Start Ups
  • Project Management
  • Artificial Intelligence
  • Investment
  • More
    • Cryptocurrency
    • Finance
    • Real Estate
    • Travel
No Result
View All Result
No Result
View All Result
Home Cryptocurrency

No, BlackRock Can't Change Bitcoin

Solega Team by Solega Team
December 22, 2024
in Cryptocurrency
Reading Time: 2 mins read
0
No, BlackRock Can't Change Bitcoin
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter


Recently, BlackRock released an educational video explaining Bitcoin, which I thought was great—it’s amazing to see Bitcoin being discussed on such a massive platform. But, of course, Bitcoin X (Twitter) had a meltdown over one specific line in the video: “There is no guarantee that Bitcoin’s 21 million supply cap will not be changed.”

HealthRnager from Natural News claimed, “Bitcoin has become far too centralized, and now the wrong people largely control its algorithms. They are TELLING you in advance what they plan to do.”

Now, let me be clear: this is total nonsense. The controversy is overhyped, and the idea that BlackRock would—or even could—change bitcoin’s supply is laughable. The statement in their video is technically true, but it’s just a legal disclaimer. It doesn’t mean BlackRock is plotting to inflate bitcoin’s supply. And even if they were, they don’t have the power to pull it off.

Bitcoin’s 21 million cap is fundamental—it’s not up for debate. The entire Bitcoin ecosystem—miners, developers, and nodes—operates on this core principle. Without it, Bitcoin wouldn’t be Bitcoin. And while BlackRock is a financial giant and holds over 500,000 Bitcoin for its ETF, its influence over Bitcoin is practically nonexistent.

Bitcoin is a proof-of-work (PoW) system, not a proof-of-stake (PoS) system. It doesn’t matter how much bitcoin BlackRock owns; economic nodes hold the real power.

Let’s play devil’s advocate for a second. Say BlackRock tries to propose a protocol change to increase bitcoin’s supply. What happens? The vast network of nodes would simply reject it. Bitcoin’s history proves this. Remember Roger Ver and the Bitcoin Cash fork? He had significant influence and holdings, yet his version of bitcoin became irrelevant because the majority of economic actors didn’t follow him.

If Bitcoin could be controlled by a single entity like BlackRock, it would’ve failed a long time ago. The U.S. government, with its endless money printer, could easily acquire 10% of the supply if that’s all it took to control Bitcoin. But that’s not how Bitcoin works. Its decentralized nature ensures no single entity—no matter how powerful—can dictate its terms.

So, stop worrying about BlackRock “changing” Bitcoin. Their influence has hard limits. Even if they tried to push developers to change the protocol, nodes would reject it. Bitcoin’s decentralization is its greatest strength, and no one—not BlackRock, not Michael Saylor—can change that.

This article is a Take. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.



Source link

Tags: BitcoinBlackRockCan039tChange
Previous Post

These Product Mix Strategies Help Your Ecommerce Business Grow (2024)

Next Post

Understanding Transformer-Based Models: The Backbone of Modern AI | by Amit kumar | Dec, 2024

Next Post
Understanding Transformer-Based Models: The Backbone of Modern AI | by Amit kumar | Dec, 2024

Understanding Transformer-Based Models: The Backbone of Modern AI | by Amit kumar | Dec, 2024

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR POSTS

  • 10 Ways To Get a Free DoorDash Gift Card

    10 Ways To Get a Free DoorDash Gift Card

    0 shares
    Share 0 Tweet 0
  • They Combed the Co-ops of Upper Manhattan With $700,000 to Spend

    0 shares
    Share 0 Tweet 0
  • Saal.AI and Cisco Systems Inc Ink MoU to Explore AI and Big Data Innovations at GITEX Global 2024

    0 shares
    Share 0 Tweet 0
  • Exxon foe Engine No. 1 to build fossil fuel plants with Chevron

    0 shares
    Share 0 Tweet 0
  • They Wanted a House in Chicago for Their Growing Family. Would $650,000 Be Enough?

    0 shares
    Share 0 Tweet 0
Solega Blog

Categories

  • Artificial Intelligence
  • Cryptocurrency
  • E-commerce
  • Finance
  • Investment
  • Project Management
  • Real Estate
  • Start Ups
  • Travel

Connect With Us

Recent Posts

GameStop bought $500 million of bitcoin

GameStop bought $500 million of bitcoin

May 31, 2025
Which is Best for Ecommerce?

Which is Best for Ecommerce?

May 31, 2025

© 2024 Solega, LLC. All Rights Reserved | Solega.co

No Result
View All Result
  • Home
  • E-commerce
  • Start Ups
  • Project Management
  • Artificial Intelligence
  • Investment
  • More
    • Cryptocurrency
    • Finance
    • Real Estate
    • Travel

© 2024 Solega, LLC. All Rights Reserved | Solega.co