Speaking in Davos on Wednesday, JPMorgan CEO and also a well-known bitcoin critic Jamie Dimon made a suggestion that Satoshi Nakamoto might lift the limit on the number of bitcoins, which as we know is 21 million BTC. How would you comment on such a statement?
Referring to the limited supply of Bitcoin, which is to mirror the properties of gold, Dimon said he doubted the finality of the 21 million Bitcoin supply maximum, saying: "I think there's a good chance, when we get to that 20 million bitcoins...Satashi [sic] is going to come on there, laugh hysterically, go quiet, and all Bitcoins [are] going to be erased. How the hell [do] you know it’s going to stop at 21?"
Janie Dimon only knows about fiat and thinks that because he is successful means that he knows about bitcoin technology. I wouldn't blame him for such thinking and speech because this is how the government manipulate fiat by printing more money and he has brought that thought into his head, forgetting that bitcoin has a protocol and it is design to follow such protocol. He has shown the public that he doesn't understand anything about bitcoin and that there is no back door to bitcoin manipulation. It is because of the way that bitcoin was designed that made it more valuable and impossible for anyone to change anything in its design. The nodes are programmed to to make their own decisions and all nodes decisions are the same, this makes it difficult for anyone to change anything because bitcoin network gives complete decentralization.