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He means that BlackRock is discussing getting rid of Bitcoin's hard cap. Something that is highly unlikely with Monero.

BlackRock controls miners, it could easily spin up a couple nodes. It controls AWS, Google and the banks. It will dictate the rules for the economic relevant BTC fork.

Sean 1y ago

It doesn't control my node. That's all that matters. 😁

If Blackrock changes anything, and it can, it can make the total supply 100 billion Bitcoins if it likes. It can change the consensus mechanism from PoW to PoS if it wants. It can spin up as many nodes as it wants. It can control as many miners as it wants.

I just don't update my node to the version they're making changes on. Because it's not Bitcoin anymore.

The supply issuance on the chain that I use, supplies blocks every 10 minutes and the mining difficulty changes every 2016 blocks - depending on the amount of hash power on the network determines how difficult it is for the rest of the network to mine blocks. So Blackrock can spin up as many nodes and as many miners as it likes - they're doing me a favour by making my coins more secure.

Your turn..

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Discussion

ede3d957... 1y ago

Sure. You can run your Bitcoin and they can run theirs.

You seem to not even be aware that in this chat alone you are talking to Bitcoin OGs from 2009 onwards.

Chances are that you have missed the great days where everybody tried to start a Bitcoin fork. There is only one fork that kept at least 0.5% of its value, so "succeeded" in keeping itself alive (BCH). Everything else RIP.

Your fork will last mere days before you give up. It's not just that you lack organisation. You also lack the means of defending a PoW chain.