BlackRock recently released a tutorial video Explaining Bitcoin, which I thought was great – it’s amazing to see Bitcoin being discussed on such a huge platform. But, of course, Bitcoin X (Twitter) had it. Collapse On one specific line in the video: “There is no guarantee that the maximum Bitcoin supply of 21 million will not change.”
HealthRnager from Natural News He claimed“Bitcoin has become too centralized, and now its algorithms are largely controlled by the wrong people. They tell you in advance what they’re planning to do.”
Now, let me be clear: this is complete nonsense. The controversy is overblown, and the idea that BlackRock would — or even could — alter the supply of Bitcoin is laughable. The statement in their video is technically true, but is just a legal disclaimer. This does not mean that BlackRock plans to inflate the supply of Bitcoin. Even if they did, they do not have the ability to implement it.
The 21 million Bitcoin cap is key, it’s not up for debate. The entire Bitcoin ecosystem – miners, developers, and nodes – works on this basic principle. Without it, Bitcoin would not be Bitcoin. Even though BlackRock is a financial giant and holds over 500,000 Bitcoin for its ETFs, its influence on Bitcoin is practically non-existent.
Bitcoin is a Proof of Work (PoW) system, not a Proof of Stake (PoS) system. It doesn’t matter how much Bitcoin BlackRock has; Economic nodes have real power.
Let’s play devil’s advocate for a second. Let’s say BlackRock is trying to propose a protocol change to increase the supply of Bitcoin. What is happening? The vast network of nodes will simply reject it. The history of Bitcoin proves this. Do you remember Roger Ver and the Bitcoin Cash fork? He had significant influence and holdings, but his version of Bitcoin became irrelevant because the majority of economic actors did not follow him.
If Bitcoin could be controlled by a single entity like BlackRock, it would have failed long ago. The US government, with its endless money printer, could easily take 10% of the supply if that was all it took to control Bitcoin. But that’s not how Bitcoin works. Its decentralized nature ensures that no single entity – no matter how powerful – can dictate its terms.
So, stop worrying about BlackRock “changing” Bitcoin. Their influence has difficult limits. Even if they tried to push developers to change the protocol, the nodes would refuse. Bitcoin’s decentralization is its greatest strength, and no one — not BlackRock, not Michael Saylor — can change that.
This article is a takes. The opinions expressed are entirely those of the author and do not necessarily reflect the opinions of BTC Inc or Bitcoin Magazine.
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