Blackrocks BTC fud/bologna - "supply not guaranteed"

[Sakra]

First of all, it should be known Blackrock is part of the Zionist NWO and do not want gentiles to be financially prosperous or have wealth and property.

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

Debate over whether Bitcoin’s fixed supply is truly capped at 21 million has resurfaced after BlackRock said there’s “no guarantee” it won’t change.

cointelegraph.com

The debate over whether Bitcoin’s 21 million supply cap is truly fixed has resurfaced after BlackRock posted a three-minute Bitcoin explainer video, which added a disclaimer saying there’s no guarantee it won’t be changed.

In the Dec. 17 video, BlackRock explained that Bitcoin has a fixed supply of 21 million, adding that the “hard-coded rule controls supply, purchasing power and helps avoid the potential misuse of printing more and more currency.”

Still, it added a disclaimer that read: “There is no guarantee that bitcoin’s 21 million supply cap will not be changed.”

The video has since been reposted by MicroStrategy chairman and Bitcoin bull Michael Saylor, leading some critics to suggest that Bitcoin isn’t theoretically scarce after all.

The network consensus fud
To put it simple, it's true that it's not entirely impossible for the supply to be changed. This is if Blackrock gains a majority of the network consensus, which would also be known as a 51% attack.

Here's my explanation on why the above is not of much concern, even with the knowledge we have on the enemies capabilities.

To put it simply, if it's assumed that asics, and PC's contain backdoors, or "spychips", which btw isn't even a conspiracy, this doesn't account for enough of what makes the majority of BTCs network, which is botnets.

BTC was originally catered to criminals, and it was a cash cow for cyber criminals in control of botnets who could run "silent miners" on victims machines without them ever knowing. Nowadays this is overtaken by other things, especially XMR, but it's still a viable option. Despite being less profitable, it's mainly driven by its price speculation which is basically coded to go up in value.

Additionally, silent miners are often crypted to counter antiviruses. So even a deepstate attempt at a massive backdoor operation targeted towards this will be ineffective.

So I can happily say we're in good hands, or more so "bad hands", when it comes to the security of BTC.

Quantum fud
There's still a lot we don't know about this, but even if quantum technology is capable of mining all of blockchain it will not significantly impact the price and mining rewards will transition to fee based.

ChatGPTs response to the quantum threat

Quantum technology has the potential to pose a threat to Bitcoin, but this threat is not immediate. The primary concern is that quantum computers could eventually break the cryptographic algorithms that secure Bitcoin's blockchain, particularly the elliptic curve digital signature algorithm (ECDSA) used in Bitcoin addresses.

Quantum computers could, in theory, use Shor's algorithm to efficiently factor large numbers and solve discrete logarithms, which would undermine the security of ECDSA. This could allow an attacker with a sufficiently powerful quantum computer to forge signatures and steal funds.

However, there are significant obstacles before this becomes a reality:

1. Quantum Computing Development: Current quantum computers are not yet powerful enough to break Bitcoin’s cryptography. Large-scale, fault-tolerant quantum computers that could break these algorithms are still in the early stages of development and may take decades to build.
2. Quantum-Resistant Cryptography: The cryptographic community is actively researching quantum-resistant algorithms. These are designed to be secure against both classical and quantum computing attacks. Bitcoin could potentially transition to these new algorithms before quantum computers become a significant threat.
3. Bitcoin Network Adaptation: If quantum computers become a threat, the Bitcoin network could implement upgrades to address the issue. For example, it could transition to quantum-resistant algorithms or introduce post-quantum cryptography techniques, though this would require broad consensus and significant effort.

In summary, while quantum technology poses a theoretical future risk to Bitcoin, it is not an immediate concern, and there are ongoing efforts to develop quantum-resistant solutions that could mitigate the threat when the time comes.

Back in the day, the only way I knew how to buy BTC pre-2012 was with game currency such as Warcraft or Runescape. There were some places where it could be earned through rewards from surveys or contests but it was not widely known. But the majority of BTC accumulation was harvested through botnets and this was part of a massive FBI investigation in addition to silk road.

BTC has and will be superseded as a digital currency. We had TUSD, USDC, RLUSD and even XMR being the privacy successor. But it will remain as a "digital gold" of the crypto realm for its novelty and being the icon of the internet culture.
Knowing that BTC was originally catered to criminals, intended or not, it can be understood what mainly contributed to its increase in value with those needing to get rid of hot money fast, and certainly not stingy with its market price. Basically BTCs roots is not unicorns and rainbows.
Also, consider how many holders of BTC die each year and their key passwords lost. This is one of many factors effecting its limited supply.
If BTC truly can maintain its resilience against manipulation efforts, Satoshi Nakamoto is truly a god level genius and should be highly commended. His work served as a major thorn against the Zionist agenda.
Anyway, with this information my hope is that some of us won't be affected by this deliberate shake out attempt of the elites, unlike a majority who don't have this information. But it's great to take advantage of. Though I don't doubt that their may be a final dip to around 60-70k

Maintain the hodl, hail the legend