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I just discovered that in the BlackRock ETF filing there's a clause that says that in case of fork, BlackRock will be free to choose which fork they think is the real bitcoin.

Imagine this scenario: in a couple of year, the BlackRock ETF become so huge that it have a significant percentage in the whole bitcoin marketcap.

At this point, someone just release a "green" POS based bitcoin fork and BlackRock switch to support it.

What will happen is that the real bitcoin price will fall and everybody will start to support the "green" bitcoin because all the money are there.

Thoughts?

Faroaldo 2y ago

People can sell that ETF anytime, so it would not be in their interest to support a losing fork, but… hey, they can try to destroy Bitcoin IF they choose to…

Good luck!

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Discussion

Byrger Tidesson 2y ago

given the amount of money they'll have access to, they can pick a random bitcoin fork and make it more valuable (measured in market cap) than the legitimate bitcoin.

Byrger Tidesson 2y ago

also, I already answered to this point: "people" are either TV and social media brainwashed retarded or globalist enemies. Bitcoiners are a niche.

Faroaldo 2y ago

Sure, but at the end it would be *their* bitcoin, not people’s bitcoin… it would be “do you put more faith in Blackrock or in a community that works day and night to preserve bitcoin values?”

Byrger Tidesson 2y ago

people do what television tell them to do. "proof of work BTC bad, Blackrock BTC good". That's it. And TV = BlackRock.

Faroaldo 2y ago

Sure… brainwashing is 24/7. But it is a dangerous game to play imho.