Hey there! I recently came across a pretty interesting development – BlackRock released an educational video about Bitcoin. That’s awesome to see such a big player in the finance world talking about cryptos. However, there was some controversy surrounding one particular line in the video. A Twitter user named HealthRanger from Natural News claimed that Bitcoin has become too centralized and that the wrong people are controlling its algorithms.
They went as far as saying that BlackRock is planning to change Bitcoin’s supply cap. Now, let’s be clear – this is just plain false. There’s no evidence to suggest that BlackRock wants or can change Bitcoin’s supply cap. The statement in their video is more of a legal disclaimer than anything else.
Plus, even if they did want to make changes, they wouldn’t be able to since Bitcoin operates on a decentralized system where miners, developers, and nodes work together to maintain its integrity. Furthermore, the idea that Bitcoin’s 21 million supply cap could be altered is absurd. This number is at the heart of what makes Bitcoin unique and valuable.
Changing it would go against everything Bitcoin stands for. Plus, even if someone tried to make changes to the protocol, economic actors like miners would simply reject it since it goes against their interests. In conclusion, while it’s understandable why some might be worried about powerful entities like BlackRock influencing Bitcoin, the truth is that its decentralized nature makes it resistant to manipulation by any single player.
So relax and continue holding your Bitcoins without fear!
Source
As per reported by bitcoinmagazine.com
