Subnostr

No, that’s not what i meant. Let’s say there is a fork. Btc1 (as we know it) and btc2, which is more government friendly. Maybe because it introduces kyc control for every bitcoin wallet or something…

Now if BlackRock holds a huge percentage of the supply and they say „we see btc2“ as the real Bitcoin, they will just declare all the Bitcoin of their customers as btc2. And because they have so muchbof it, they can manipulate prices in a way that this btc2 rises in price against btc1. Which will lead to more ppl wanting this btc2.

That’s how i understood it. But i am just a random noob 😅

boston wine 2y ago

To me that sounds like they just fork yet another altcoin. There is demand for altcoins, usually by newcomers to “crypto” or by insiders getting ready for a pump and dump… how is the situation above different from BSV?

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Discussion

noerms 2y ago

BSV can not declare the holdings of millions of ppl as BSV.

BSV has not the financial means to pump up the marketcap of BSV above the marketcap of BTC.

But i don’t know if i understand this correctly

boston wine 2y ago

Ah, but the holdings you reference are BlackRock’s - the millions of people hold nothing but IOUs.

And market cap doesn’t define Bitcoin; a larger market cap might attract more investment but that’s just another different digital asset that people may choose to pour money into.

Doesn’t change Bitcoin

noerms 2y ago

Calming thoughts 😌

boston wine 2y ago

💯

noerms 2y ago

Just found this video about it:

https://youtu.be/KloXHKxmoiA

hongumart 2y ago

This is basically BSV with a bigger player. But consensus rules will still win. If BTC forks, Blackrock, like all of us, will have the opption to go with whatever fork they want, but there will still only be one Bitcoin.

boston wine 2y ago

🎯💯