Replying to Avatar Merrcurr⚡️

If BlackRock were to own a significant portion of Bitcoin mining companies and hold a substantial amount of Bitcoin, they could potentially influence the availability and distribution of Bitcoin in the market.

They already have significant stakes in 4 publicly listed mining companies.

There would be some challenges along the way for them in terms of how such would drive up the price leading to liquidity issues and probably some regulatory compliances but it is still doable.

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OceanSlim 2y ago

There is no such thing as liquidity issue. Liquidity for Bitcoin is a function of its purchasing power. If it drastically increases in purchasing power, it will become more liquid.

Again, supply is 21 million and it's distributed every ten 10 in the form of a block subsidy reward+fees in the block to whoever provides the proof of work. Where it goes from there is all a function of the free market.

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Merrcurr⚡️ 2y ago

I will follow you and if you are so willing once we open a nest i will invite you to discuss this. It seems it deserves a debate as you are discussing the fundamentals of Bitcoin which i do agree with but there are multiple ways to control the market

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OceanSlim 2y ago

I think all attempts to control the market for Bitcoin end in failure because the market for permissionless money came be controlled. I'd love to talk about it now on a nest though. Maybe we can both learn something.

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Merrcurr⚡️ 2y ago

Alright. Deal. i will hit you up in 30min. Cool? 🤙🏻

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OceanSlim 2y ago

Oof trying to put kids to sleep. Gotta be later and can't promise I can stay super long. Or we can plan an evening in the near future .