{"id":19719,"date":"2024-12-19T16:30:00","date_gmt":"2024-12-19T14:30:00","guid":{"rendered":"https:\/\/forklog.com\/en\/blackrocks-bitcoin-video-sparks-community-debate\/"},"modified":"2024-12-19T16:30:00","modified_gmt":"2024-12-19T14:30:00","slug":"blackrocks-bitcoin-video-sparks-community-debate","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/blackrocks-bitcoin-video-sparks-community-debate\/","title":{"rendered":"BlackRock&#8217;s Bitcoin Video Sparks Community Debate"},"content":{"rendered":"<p>On December 17, investment firm BlackRock released a brief educational video about Bitcoin, including a disclaimer suggesting that the 21 million coin supply cap might be reconsidered. This note provoked a strong reaction within the community.<\/p>\n<blockquote class=\"twitter-tweet\" data-media-max-width=\"560\">\n<p lang=\"en\" dir=\"ltr\">JUST IN: BlackRock releases 3 minute educational video explaining what <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> is. <a href=\"https:\/\/t.co\/EjqBbV0GRn\">pic.twitter.com\/EjqBbV0GRn<\/a><\/p>\n<p>\u2014 Bitcoin Magazine (@BitcoinMagazine) <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/1869125598549061661?ref_src=twsrc%5Etfw\">December 17, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThere are no guarantees that the Bitcoin emission limit of 21 million will not be changed,\u201d reads the controversial statement.<\/p>\n<\/blockquote>\n<p>The note appears as the narrator emphasizes that the supply is strictly limited by the rules embedded in the protocol&#8217;s code. This is a key element ensuring protection against uncontrolled issuance of new coins.<\/p>\n<p>Some commentators expressed satisfaction that a major institutional player like BlackRock has taken an interest in Bitcoin and even prepared an educational video. However, many focused on the mention of the cryptocurrency&#8217;s supply cap.<\/p>\n<p>The video was <a href=\"https:\/\/x.com\/saylor\/status\/1869132349465829799\">shared<\/a> by MicroStrategy CEO Michael Saylor, though he did not comment on the contentious point.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">What is this misinformation that supply cap is not guaranteed at 1:32? This is set in stone, every change to it will not be <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> anymore, it will fork into something else.<\/p>\n<p>\u2014 Bold \u20bfitcoin Baller (@BoldBBaller) <a href=\"https:\/\/twitter.com\/BoldBBaller\/status\/1869139455665385481?ref_src=twsrc%5Etfw\">December 17, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWhat is this misinformation at 1:32? [The supply rules] are set in stone. Any change will mean it is no longer Bitcoin, it will fork into something else,\u201d noted one user.<\/p>\n<\/blockquote>\n<p>Dashpay&#8217;s marketing director Joel Valenzuela believes this is part of a conspiracy\u2014the firm is preparing the public for the possibility that the limit might eventually change.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">THIS IS NOT AN ALTERED SCREENSHOT<\/p>\n<p>Michael Saylor, the unequivocal face and most influential person in Bitcoin today, posted a video from BlackRock with a really interesting disclaimer:<\/p>\n<p>&#8220;There is no guarantee that bitcoin&#8217;s 21 million supply cap will not be changed.&#8221;<\/p>\n<p>They&#8217;re\u2026 <a href=\"https:\/\/t.co\/Xg3sQP9BJw\">pic.twitter.com\/Xg3sQP9BJw<\/a><\/p>\n<p>\u2014 Joel Valenzuela (@TheDesertLynx) <a href=\"https:\/\/twitter.com\/TheDesertLynx\/status\/1869445485548671270?ref_src=twsrc%5Etfw\">December 18, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThey are getting everyone used to this prospect. When the limit is increased, it will look like it was \u2018always part of the plan\u2019. And today, in 2024, people have the audacity to say Bitcoin hasn&#8217;t been taken over,\u201d he stated.<\/p>\n<\/blockquote>\n<p>For some, increasing the supply is a natural phenomenon. One user <a href=\"https:\/\/x.com\/LTCUnderground\/status\/1869447380560724250\">noted<\/a> that without changing the block size, predictable issuance and inflation would be the best solution, as otherwise miners would cease to benefit from processing transactions.\u00a0<\/p>\n<p>Currently, the reward for a mined block includes not only fees but also a \u201csubsidy\u201d from new coins, which halves every 210,000 blocks. The current reward is 3.125 BTC.<\/p>\n<p>Another commentator suggested that BlackRock is simply shielding itself from potential legal issues in the future, in case of a BTC fork and the emergence of a new coin that might be called Bitcoin.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">Since technically Bitcoin could hardfork into another coin with over 21M coins \u2014 even though the chance is near zero \u2014 Blackrock needs to cover themselves in the case it does happen in who knows, 10, 20 or 50 years down the line. <\/p>\n<p>Emphasis on the fact this fork would be ANOTHER\u2026<\/p>\n<p>\u2014 Ed\u26a1Freedom Technology Stacker (@Crypt0lution) <a href=\"https:\/\/twitter.com\/Crypt0lution\/status\/1869368092700102952?ref_src=twsrc%5Etfw\">December 18, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cAlthough the chances of a hard fork are near zero, BlackRock needs to insure itself in case it happens in, say, 10, 20, or 50 years. Emphasis on the fact that this fork would be another coin, even if it is called Bitcoin,\u201d he explained.<\/p>\n<\/blockquote>\n<p>In their 2025 forecast, BlackRock described Bitcoin as a \u201cpromising diversifier.\u201d\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On December 17, investment firm BlackRock released a brief educational video about Bitcoin, including a disclaimer suggesting that the 21 million coin supply cap might be reconsidered. This note provoked a strong reaction within the community. JUST IN: BlackRock releases 3 minute educational video explaining what #Bitcoin is. pic.twitter.com\/EjqBbV0GRn \u2014 Bitcoin Magazine (@BitcoinMagazine) December 17, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":19718,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,865,25,1138],"class_list":["post-19719","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-blackrock","tag-blockchain","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/19719","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=19719"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/19719\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/19718"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=19719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=19719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=19719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}