Post
Topic
Board Development & Technical Discussion
Re: Nonsense about increasing the 21M supply cap
by
Lucius
on 21/12/2024, 14:53:17 UTC
Nowadays on Twitter we have individuals, and even companies like Blackrock, declaring that if BTC doesn't increase the supply cap (and thus become like Dogecoin [they don't say that but it's implied]) then it will eventually fall to 51% attacks.
~snip~


What to expect from a company that only wants profit at any cost? Even before the spot ETF was approved, they gave their opinion on what they would do in the event of a hard fork - and it all boils down to the conclusion that they will not necessarily follow the chain that would represent the original BTC, but the one that they believe is better by some of their standards.

No one can say that the involvement of such large companies is not positive for the price of BTC, but in the long term one should not expect that such companies will sit idly by and do nothing if the opportunity arises - because for them, BTC is not something that should be preserved at all costs as it is.