Why would BlackRock want to increase Bitcoin's supply?

  Рет қаралды 16,792

Rajat Soni, CFA

Rajat Soni, CFA

Күн бұрын

Пікірлер: 266
@joshsmith6043
@joshsmith6043 22 күн бұрын
Good thing Blackrock doesn't get to decide that.
@mjoh090
@mjoh090 22 күн бұрын
They can decide that. All they need to do is acquire 51% of the hashing power of the Bitcoin network. They can do this easily by acquiring miners. It would cost them about $5B - $20B to aquire enough miners- so a very small amount for them. They could additionally very easily build their own mining infrastructure - they may well already be doing this.
@CorwinYoutube
@CorwinYoutube 22 күн бұрын
​@@mjoh090Sure and then hard-fork creating their "new version" of Bitcoin with a greater supply cap. This would potentially dilute the value of the Bitcoin their customers own assuming they would "convert" the shares to the "new" Bitcoin (the ETFs are shares of Bitcoin owned by their clients, not Black Rock) with no guarantee people would value and purchase their new version of Bitcoin. There have already been many forks of Bitcoin created by folks that thought they knew better (making "better" version, money grabs,etc.) and they have all failed when measured against Bitcoin. There is just no real incentive for Black Rock to do this. Those of us that know better would never mine the new fork or validate and store the chain on our nodes.
@lawnmorr
@lawnmorr 22 күн бұрын
@@mjoh090 successfully doing a reorg would bring it to 0 making blackrock the holder of an empty forked network.
@BlingtingSam
@BlingtingSam 22 күн бұрын
@@mjoh090 it would cause a fork and it won’t be real bitcoin. Plus it works against their interests. Most people invest in bitcoin etfs for the store of value and limited supply.
@BlingtingSam
@BlingtingSam 22 күн бұрын
So much fud is being spread: quantum, black rock, Jerome Powell. Idiots. They want retail fools to panic sell so they can buy cheap. Listen to Cynthia lummis and djt and cut out the noise.
@muhaiminislam5931
@muhaiminislam5931 22 күн бұрын
Run your own node, learn how to verify transactions, DCA and hodl. Don’t forget to Have your keys in cold storage. Simple
@kuriousjepp
@kuriousjepp 22 күн бұрын
they just want to buy BTC cheaper by spreading a little FUD, and its working LOL, meanwhile im just buying more BTC cheaper :)
@BlingtingSam
@BlingtingSam 22 күн бұрын
💯
@sazabi1980
@sazabi1980 22 күн бұрын
Wake me up when it dips 25% so I can add. I bet all the people selling now were the first time buyers fomo in at around 100k.
@onlyonerombo
@onlyonerombo 22 күн бұрын
This just shows how many btc owners DONT understand what they hold. 😂
@BlingtingSam
@BlingtingSam 22 күн бұрын
You don’t have to be smart to buy bitcoin but you have to be smart to hold bitcoin. Speaking from experience.
@backyardwindow
@backyardwindow 22 күн бұрын
@9:45 You're citing Bitcoin. What you should be citing is the ETF fine-print. A bitcoin fork that included added inflation is possible. So it should be clear in the documentation that the ETF always supports the parent BTC chain. Look for that in the grey-area here.
@CYI3ERPUNK
@CYI3ERPUNK 22 күн бұрын
DECENTRALIZED UNCENSORABLE GLOBAL CONSENSUS every single one of those words is extremely important to the future
@WeisterXDprogrammer
@WeisterXDprogrammer 22 күн бұрын
great , hmm should I still try to get 5 sol and 2 ETH or only focus on bitcoin?
@rajatsonifinance
@rajatsonifinance 22 күн бұрын
I stick to bitcoin only
@onlyonerombo
@onlyonerombo 22 күн бұрын
Actually, Blackrock will benefit from this because they can buy up big whenever the price falls. What I dont get is how BR can make such a public comment when they DO understand the protocol. They have just contradicted themselves within the same video . I can’t imagine MSTR putting such a comment in their fine print.
@Quetzelkoa
@Quetzelkoa 22 күн бұрын
The most valuable aspect of bitcoin is the cap, blackrock is smart enough to not kill it. Because if the cap is moved, no one would trust any digital currency to keep it's cap ever again.
@rajatsonifinance
@rajatsonifinance 22 күн бұрын
💯💯
@behonestwithyourself3718
@behonestwithyourself3718 3 күн бұрын
Totally. People would just sell as quick as possible. I don't ever seeing a consensus to devalue Bitcoin.
@user-tm5rj2ko7m
@user-tm5rj2ko7m 22 күн бұрын
It's a legal disclaimer.....Laywers have it in any corporate document.
@sang3Eta
@sang3Eta 22 күн бұрын
Nobody can change the supply of Bitcoin. It's not Ethereum or XRP with a central planner deciding the money supply. If they created a fork with double the supply the free market would just value it half the price instantly and it would trend toward zero as Bitcoiners who got free Blackcoins sold them off to buy more Bitcoin.
@adoniskomplex91
@adoniskomplex91 21 күн бұрын
Could you please explain the consensus mechanism and how the voting system works? Could one simply buy 10 computers and thus increase the voting 'power'?
@rajatsonifinance
@rajatsonifinance 21 күн бұрын
To be honest, I only have a very surface level understanding of this. Adding more computers wouldn't make a difference as long as 2+ computers are running the real Bitcoin software
@soundsofnature0205
@soundsofnature0205 19 күн бұрын
Could BlackRock eventually buy "Bitcoin Cash (BCH)" to justify the words in their reports and push BCH to their clients, in order to 'expand' the 21 million cap narrative?
@rajatsonifinance
@rajatsonifinance 19 күн бұрын
That doesn't increase the 21M supply They can definitely waste their money on BCH though
@soundsofnature0205
@soundsofnature0205 19 күн бұрын
@rajatsonifinance Thanks Rajat; you are right but I believe you misconstrued the thought process - as BTC is capped based on set programming, BLK could be forced to create another "alternative" to expand their discourse to their clients, and the closest 'asset' would be BCH (also capped at 21M). I am not agreeing or disagreeing with the entire argument, however, I have seen a similar topic somewhere months ago, which made me reflect on, and now this timely BLK's strange reasoning on this 21M BTC boundless makes one wonder...
@BradleyT2p2
@BradleyT2p2 20 күн бұрын
Why would ETF owners want to increase the supply. Destroys the value of what they put in.
@coolmonkey619
@coolmonkey619 19 күн бұрын
If no bitcoin being produced are you sure tx fees will be enough. Wint sending btc be so expensive
@rajatsonifinance
@rajatsonifinance 19 күн бұрын
Transaction fees will go up
@coolmonkey619
@coolmonkey619 19 күн бұрын
@@rajatsonifinance but will they be willing to pay
@LuxeSciTech
@LuxeSciTech 22 күн бұрын
To much FUD right now, I’ll comeback to KZbin in January
@rajatsonifinance
@rajatsonifinance 22 күн бұрын
There will be even more fud in january
@deepgrewal9862
@deepgrewal9862 22 күн бұрын
Why is that ?
@BlingtingSam
@BlingtingSam 21 күн бұрын
Yes, the disclaimer said ‘changed’ not increased. Probably changed means decreased because of lost btcs among retail. 😅
@AlexSuperTramp-
@AlexSuperTramp- 21 күн бұрын
Interesting, so bitcoin can be changed to become quantum resistant but the supply couldn't be increased?
@rajatsonifinance
@rajatsonifinance 21 күн бұрын
Quantum resistance would benefit current Bitcoin holders Increasing the supply would hurt them
@Saoti-zm2ri
@Saoti-zm2ri 21 күн бұрын
The point that we really want to ensure is not whether backrock want to increase supply or not but whether it can be done or not. If yes bitcoin is doom
@rajatsonifinance
@rajatsonifinance 21 күн бұрын
Watch the video again
@DailyRefined365
@DailyRefined365 20 күн бұрын
When will all btc be mined?
@rajatsonifinance
@rajatsonifinance 20 күн бұрын
2140
@yankeesuperstar
@yankeesuperstar 22 күн бұрын
Where’s the best place to learn running one’s own node and storage.
@rajatsonifinance
@rajatsonifinance 22 күн бұрын
Check BTCSessions
@eliseumalo4069
@eliseumalo4069 22 күн бұрын
I just noticed, Blackrock making the comment about increasing the bitcoin supply and Jerome Powell saying the Federal Reserve can’t hold Bitcoin can’t be a coincidence. They have started a war to take away from the 14 million Bitcoin held by us retail holders.
@rajatsonifinance
@rajatsonifinance 22 күн бұрын
Maybe they're colluding
@eliseumalo4069
@eliseumalo4069 22 күн бұрын
Colluding is an understatement brother Rajat. 👊😊
@skydog330
@skydog330 22 күн бұрын
Everything eventually goes to zero against Bitcoin
@Bitcoinbull21
@Bitcoinbull21 22 күн бұрын
Increasing the supply would only dilute the value of their holdings. It makes no sense. They will just keep buying to try and control it, that is the best they can do. They do have other tokens that they’re invested in such as ONDO.
@BlingtingSam
@BlingtingSam 21 күн бұрын
They said ‘changed’ not ‘increased’. Decreased because of lost bitcoins.
@frenznfamily6423
@frenznfamily6423 22 күн бұрын
great educational reel.. 1:41 is a legal nothingburger
@beastie4ever
@beastie4ever 19 күн бұрын
What if I told you Blackrock intentionally put that in there. That with the negative FOMC meeting will cause a dump....and it did. They just playing 4D chess to shake out your coins. Simple as that.
@rajatsonifinance
@rajatsonifinance 19 күн бұрын
Definitely possible
@Djan9o33
@Djan9o33 20 күн бұрын
It's why by design this isn't allowed. Like the almighty dollar.... The objectives are coming into focus
@Chinnacheemal
@Chinnacheemal 20 күн бұрын
I think they mean 21M may not be fully available because anybody them already lost and some may never sell
@mann234
@mann234 22 күн бұрын
Why don't they use XRP if they want more supply then?
@ronwest7930
@ronwest7930 22 күн бұрын
Its crap.
@rajatsonifinance
@rajatsonifinance 22 күн бұрын
Nobody wants XRP
@ronwest7930
@ronwest7930 21 күн бұрын
@@rajatsonifinance I watch Bitcoin University and he recently talked about how horrible XRP is.
@Bitcoinscarcity
@Bitcoinscarcity 22 күн бұрын
Great vid Rajat. I believe they already assume everyone knows the supply can't be increased, but there is no guarantee that supply doesn't decrease. The supply can be changed, but just one direction, haha.
@mariedavison3707
@mariedavison3707 22 күн бұрын
If I was a drinker, I would be a stone alcoholic looking at Bitcoin
@jdz3148
@jdz3148 22 күн бұрын
How do I get a link to the Bitcoin supply schedule spreadsheet?
@rajatsonifinance
@rajatsonifinance 22 күн бұрын
I don't share it
@geoms6263
@geoms6263 21 күн бұрын
BlackRock is right that it is not guaranteed that 21 million will remain because every day people lose their bitcoins or satoshi. Decrease not increase...is the right word
@amazinggiantflowers
@amazinggiantflowers 21 күн бұрын
but this will actually help people to understand they should not invest in ETF BTC, but in the Real deal BTC
@Ogrem
@Ogrem 22 күн бұрын
Best time to buy is when everyone is scared of some FUD. I check Bitcoin obituary now & then
@TheSpidersoftheworld
@TheSpidersoftheworld 22 күн бұрын
On sale as we speak
@ClosestNearUtopia
@ClosestNearUtopia 19 күн бұрын
Lol, and I want to decrease supply to 19m so supply shock arrises… but its good to have a opinion as BR.
@p00ka64
@p00ka64 22 күн бұрын
Raj is a vid machine
@НиколайВладимиров-л5ш
@НиколайВладимиров-л5ш 21 күн бұрын
How would you comment the fact that around 10% of all addresses are containing more than 90% of the bitcoin ever mined? I don't think, that you have a reasonable answer on that question :)
@НиколайВладимиров-л5ш
@НиколайВладимиров-л5ш 21 күн бұрын
@Rajat I am still waiting.
@rajatsonifinance
@rajatsonifinance 21 күн бұрын
kzbin.info/www/bejne/hWSwd3WkmpuSsKMsi=kzO-bKsGL_vvQMhY
@levacarvalho
@levacarvalho 21 күн бұрын
Been studying bitcoin lately and came to its privacy problem. Governments still can block yours coins
@rajatsonifinance
@rajatsonifinance 21 күн бұрын
No they can't
@levacarvalho
@levacarvalho 21 күн бұрын
@@rajatsonifinance exchanges will mark wallets if they receive btc from suspicious sources, it will be traced, and the gov can bother you. I don't see many people discussing the btc anonymity problem. I'm an enthusiast but I like addressing the problems so I can better invest my resources, the way I see it the crypto community loves wishful thinking
@Nameless-tp8np
@Nameless-tp8np 21 күн бұрын
Everybody buy bitcoin now😂🎉
@zaeWan-sj2mm
@zaeWan-sj2mm 19 күн бұрын
All those ETF videos are nowhere near the aura and power of Bitcoin KZbin including saylor's "Bitcoin is a teleportable Manhattan building"
@hattrickchu
@hattrickchu 22 күн бұрын
what if blackrock create 1M nodes?
@rajatsonifinance
@rajatsonifinance 22 күн бұрын
It doesn't matter. Nobody will use their "Bitcoin". As long as there are at least 2 nodes running Bitcoin Core, the network can't die. Why would black rock not just use those resources to buy BTC and enrich themselves further?
@TheShinning1
@TheShinning1 22 күн бұрын
2.1e15 - The number of SATS in 21M BTC 😅
@4aco
@4aco 22 күн бұрын
They can’t even if they want to End of the debate
@classicsforever66
@classicsforever66 22 күн бұрын
Fantastic video! People need to hear this in responses to these stupid claims they get made to scare people.
@Shinehead3
@Shinehead3 22 күн бұрын
At this point Blackrock and Saylor are HIGHLY INCENTIVIZED to Maintain and Secure the Network. Any Doubters thinking they are incentivized to fork BTC should watch the Multiple You Tube Videos put out by Andre Antonopoulos the gain and understanding as to how much computational power would be required to do so 😮 not to mention the Nodes required to agree to the new fork.
@rajatsonifinance
@rajatsonifinance 22 күн бұрын
💯💯
@Chinnacheemal
@Chinnacheemal 20 күн бұрын
*some of them already lost
@MarkFranklin-l3p
@MarkFranklin-l3p 22 күн бұрын
If bitcoin is forked the new thing won’t be bitcoin, it’s a copy of it. The obvious analogy is if someone counterfeits a $100 bill. They didn’t just make more money - they made a copy that is basically worthless. I honestly don’t understand the point of this whole discussion! The whole point of bitcoin is its fixed cap - that’s not going to change.
@WealthyChronicle
@WealthyChronicle 20 күн бұрын
Some people will believe anything. BlackRock increasing Bitcoin’s supply would literally harm their own bottom line. Do they seem that clueless to you? 🤨
@rajatsonifinance
@rajatsonifinance 20 күн бұрын
😂😂😂
@TimJSwan
@TimJSwan 22 күн бұрын
BSV is all I care about having... Not for investment or number go up but because I know it will be easy to use because it works... 😂
@rajatsonifinance
@rajatsonifinance 22 күн бұрын
Clearly nobody else feels the same way as you
@roberta.transparentliving9757
@roberta.transparentliving9757 22 күн бұрын
FUD central😊 great job breaking that down😊😊😊
@robertsmallbon7688
@robertsmallbon7688 21 күн бұрын
you can fork with btc all you like but there is no second best
@BlingtingSam
@BlingtingSam 21 күн бұрын
💯 and the ad actually said changed, not increased. Changed means probably decreased since bitcoins get lost and the supply will keep dropping.
@coldflu
@coldflu 22 күн бұрын
“No amount of conjured numbers from another’s imagination can ever rival the value of a single satoshi-real, earned, and immutable.” - Unknown Hodler
@mariedavison3707
@mariedavison3707 22 күн бұрын
Bitcoin might not get debased but it sure is dropping
@villhelm
@villhelm 22 күн бұрын
Yes - which is completely normal. I’ve been through multiple 80% drawdowns in the decade I’ve been in the space
@BTCforce
@BTCforce 22 күн бұрын
Up 150% n a year, expect a bit of consolidation
@mariedavison3707
@mariedavison3707 22 күн бұрын
Finite Supply , big players competing , then Jerome Powell, who should be in a rest home, misinforms the public that the fed can't buy Bitcoin , then takes away 2 interest rate cuts next year, while cutting the rate a measley .25 %, 🙄. Shouldn't equate to 5 % drops each day
@mariedavison3707
@mariedavison3707 22 күн бұрын
The Bitcoin would be in the US Treasury. Btw, the IRS can have that as my taxes
@eliseumalo4069
@eliseumalo4069 22 күн бұрын
I love all the investors who find things to fear in bitcoin. Sell immediately and get out so I can buy it all! Plus it’s in Blackrocks best interest to put crap out to tank the price so they can buy more.
@cristinaclark3852
@cristinaclark3852 22 күн бұрын
I love your channel! You’re spot on! It’s a savings account! FOR REAL! What cold storage, external device do you recommend? For over 5 + coins ect
@rajatsonifinance
@rajatsonifinance 22 күн бұрын
I like cold card and trezor. I have a referral code for trezor in the description!
@mjoh090
@mjoh090 22 күн бұрын
Bitcoin forks have historically depreciated in value relative to Bitcoin, primarily because they became derivative chains. Bitcoin maintained its status as the main chain by securing the majority of the network’s hashing power. In a hard fork scenario, the chain with superior hashing power typically becomes dominant, securing consensus, while the other ends up typically producing orphaned or stale blocks. The higher the value of transactions processed on the dominant chain during such a contest, the stronger the incentive for users to favor it, thereby reinforcing its dominance and enhancing its adoption.
@lukehunnable
@lukehunnable 22 күн бұрын
What's hashing power?
@mjoh090
@mjoh090 22 күн бұрын
@@lukehunnable Hashing power or hash rate is the measure of how many cryptographic hashing calculations a device or network can perform per second.
@lukehunnable
@lukehunnable 21 күн бұрын
@mjoh090 thanks! And has it been constantly upgraded, or is the original hashing architecture still the one in place?
@mjoh090
@mjoh090 21 күн бұрын
@@lukehunnable Decentralisation is at the core of Bitcoins design that relied upon the assumption that the miners supplying consensus would remain distributed. The emergence of the centralisation of this hashing power through large ASIC farms controlled by nation states or an asset management firm has falsified this assumption. There is no upgrade to mitigate against this emergent risk.
@gemshunter007
@gemshunter007 22 күн бұрын
In a dystopian scenario, rogue AI agents can increase the total supply of Bitcoin, thus becoming man's Frankenstein?
@rajatsonifinance
@rajatsonifinance 22 күн бұрын
Not really but a fun thought experiment
@Saoti-zm2ri
@Saoti-zm2ri 21 күн бұрын
We r trying convince our self that this will not hapoen
@rajatsonifinance
@rajatsonifinance 21 күн бұрын
No, only YOU are because you don't understand Bitcoin
@piquanta7
@piquanta7 21 күн бұрын
Bro. Go read about derivatives, and synthetic financial products. The banks and asset managers can artificially increase the supply.
@rajatsonifinance
@rajatsonifinance 21 күн бұрын
Artificially isn't the same as changing the supply of Bitcoin
@piquanta7
@piquanta7 21 күн бұрын
@rajatsonifinance yes it does, the supply is whatevers available in the market, those who control the market will synthetically increase the supply, thereby increasing the total supply whether it's direct ownership or proxy, derivatives, FoF, whatever. For example, there is only a limited amount of land in the world yet the combine value of investable property is hundreds of times that size.
@BradleyT2p2
@BradleyT2p2 20 күн бұрын
@@piquanta7 learn what a UTXO is
@Djan9o33
@Djan9o33 20 күн бұрын
It's like a game stop proposition. Just need to put it in lay terms, if that's even possible in the financial jargon, so that the rest understand.
@piquanta7
@piquanta7 20 күн бұрын
@@BradleyT2p2 you've entered a conversation you are clearl unequipped to participate in
@post-nj8kc
@post-nj8kc 22 күн бұрын
Thats like moving to proof of stake 😂 sounds like a smart idea
@kemingyu4266
@kemingyu4266 22 күн бұрын
I dunno, but those who take time to learn about Bitcoin should not be freaked out by the slightest thing.
@ronwest7930
@ronwest7930 22 күн бұрын
I'll pass on making Bitcoin worth less like fiat with printing. It is interesting to try and picture the future with Bitcoin and all the companies/countries adopting it . I wonder about all the people who hate Bitcoin and what happens in the future with noncoiners. I guess it's like the people who bought Walmart and Amazon stocks when they were sold for almost nothing. Lets hope TPTB doesn't figure a way to mess with Bitcoin.
@amazinggiantflowers
@amazinggiantflowers 21 күн бұрын
And I dont think even if the majority would agree they could do it. They cannot change the code. the beauty of it all is that Satoshi Disappeared. Bible has similar patterns.
@rajatsonifinance
@rajatsonifinance 21 күн бұрын
Yeah It won't change because it hurts the people running nodes
@PolyDave
@PolyDave 22 күн бұрын
Like a bad Simpsons educational video. "Hi I'm Troy McLure!"
@MrTrda
@MrTrda 22 күн бұрын
“You might remember me from such films as; Lead Paint, delicious but deadly! And; Smoke yourself thin!”
@rajatsonifinance
@rajatsonifinance 22 күн бұрын
?
@PolyDave
@PolyDave 22 күн бұрын
@@rajatsonifinance The Blackrock clip had that vibe, Rajat 🙂
@MrTrda
@MrTrda 22 күн бұрын
@@rajatsonifinance he’s talking about the Blackrock video
@PolyDave
@PolyDave 22 күн бұрын
@@MrTrda Blackrock are pushing a thinly veiled FUD suggestion to retail holders underneath an 'educational' message. That's how I see it. Corporations do this all the time.
@carlosleshawn
@carlosleshawn 22 күн бұрын
Spot on response! Great video
@robinbrisebois8142
@robinbrisebois8142 22 күн бұрын
Yes. They can fork the network, leaving holders with both coins. But what coin will survive will likely be the Blackrock BTC simply cuz they will have a majority stake overall in mining and BTC. This was always a possibility when you can print money and buy BTC. On the flip side anyone can fork BTC and use it in this endless popularity contest!
@rajatsonifinance
@rajatsonifinance 22 күн бұрын
That's not true. People will dump their coins and kill the miners. You underestimate the value of truth. Anyone selling the real Bitcoin and keeping the fake blackrock Bitcoin is going to end up with zero dollars
@ThePostmillennial
@ThePostmillennial 22 күн бұрын
Blackrock is now head of marketing. This is wild.
@PisangGoreng-y5t
@PisangGoreng-y5t 22 күн бұрын
That not now, they already head everything they want from the past, because they are the group of richest people in the world have access to everything they want
@chrisgraham2123
@chrisgraham2123 22 күн бұрын
First wow! I’m really getting invested into these crypto spaces, love your work and educational material! Keep it up
@rajatsonifinance
@rajatsonifinance 22 күн бұрын
🏆🤝🏼
@dman2528
@dman2528 20 күн бұрын
Irrelevant They can't Not even Satoshi can
@martinlutherkingjr.5582
@martinlutherkingjr.5582 22 күн бұрын
Blackrock is right, there’s no guarantee Bitcoin supply doesn’t increase. It’s just unlikely.
@mariedavison3707
@mariedavison3707 21 күн бұрын
Honestly, Microstrategy ruined Bitcoin, who needs Powell when you have Saylor? In the QQQ he can take more money, hog all the Bitcoin, drive the stock down , and keep the profit. Ultimate steal , I guess I should have copied that model sooner, smh.
@rajatsonifinance
@rajatsonifinance 21 күн бұрын
Why would he do that 😂😂 If Bitcoin were to go to $500K, his shareholders would be VERY happy because of his purchases
@Fthe90s
@Fthe90s 22 күн бұрын
I think I've heard that the last sat will be mined in 2140. My question as a noob is, why can't fractions of a satoshi be mined after 2140? Sure, a sat is the smallest divisible unit of BTC right now, but there's no reason there couldn't be some upgrade that changes this, right? After all, BTC should reach tens of billions of USD (in today's dollars) by 2140 so even an individual sat would be worth hundreds and therefore, smaller fractions would be required.
@rajatsonifinance
@rajatsonifinance 22 күн бұрын
The protocol is set to stop producing Bitcoin at 1 sat, don't know how that would change tbh
@hattrickchu
@hattrickchu 22 күн бұрын
becoz the smallest unit is satoshi
@Fthe90s
@Fthe90s 21 күн бұрын
@@hattrickchu It most certainly won't be the smallest unit in 2140.
@hattrickchu
@hattrickchu 21 күн бұрын
@@Fthe90s who knows exactly how it goes but sub-sats most likely are on Layer 2s for a while, change the unit in layer 1 will be messy I guess
@sanderpalaj3948
@sanderpalaj3948 22 күн бұрын
You are correct Actually the more BTC you own incentive not to increase the supply goes up
@albeit1
@albeit1 22 күн бұрын
I don’t think the fear is that someone will fork the code and that will lead to more bitcoin lookalike coins. Rather, it’s that the majority of bitcoin nodes will agree to go beyond the 21 million coin limit. But it’s like homeowners in Bel Air voting to have apartment buildings constructed in their neighborhood. There’s no incentive. And actually a strong disincentive.
@rajatsonifinance
@rajatsonifinance 22 күн бұрын
They have no reason to do that
@BlingtingSam
@BlingtingSam 21 күн бұрын
Just chill. The disclaimer said ‘changed’, not ‘increased’. It probably meant ‘decreased’ because of potential of more lost btcs. Unless btc is owned by govts and institutions, stupid retailers often lose it or forget password.
@BlingtingSam
@BlingtingSam 21 күн бұрын
White paper clearly states you can’t increase the supply.
@Philly_btc
@Philly_btc 22 күн бұрын
Bingo!!! perfect breakdown bro
@johng1216
@johng1216 22 күн бұрын
A clean, clear and clinical explanation. Excellent, keep up the good work.
@michaelc8795
@michaelc8795 22 күн бұрын
What gives Bitcoin it’s value is it’s users. Look what happened to Bitcoin Cash when they hard forked. Bitcoin Cash does not have the same amount of users or value.😉
@GuzzarAwan
@GuzzarAwan 21 күн бұрын
😂😂😂😂😂 they will create the dip the Buy the dip
@Bozlee22
@Bozlee22 22 күн бұрын
Will never happen
@Nameless-tp8np
@Nameless-tp8np 21 күн бұрын
Yes
@Saoti-zm2ri
@Saoti-zm2ri 21 күн бұрын
From listening to U it can be done technically.This is enough to destroy Bitcoin
@rajatsonifinance
@rajatsonifinance 21 күн бұрын
No it can't lol
@cezar684
@cezar684 22 күн бұрын
Rajat, is the interweb of stupidity where having a critical thought isn’t required. Good report!
@rajatsonifinance
@rajatsonifinance 22 күн бұрын
🤝🏼
@jeep-australia
@jeep-australia 21 күн бұрын
Because fixed is bad. Population growth means you need “inflation” or the ability to add to the pool. Limits is not good for money or currency unless you stop population growth. Bitcoin cannot work ever unless you increase the amount to work with population. Ie print money. This was the issue with gold, not that it’s hard to transfer and store etc but fixed amount means fixed circulation and fixed amount you can lend ie fixed limited population. The big financial guys know this but on KZbin they conveniently leave that out about inflation or the fact that inflation is a big part of what they cause.
@rajatsonifinance
@rajatsonifinance 21 күн бұрын
You're brainwashed. The big financial guys tell you inflation is good because they benefit from it. Stop drinking their kool-aid.
@jeep-australia
@jeep-australia 21 күн бұрын
​@@rajatsonifinance Brainwashed, im saying do the opposite to them.. I dont believe in a fixed currency because i believe human life is better. We need to have more money to for more humans born... We cant all use bitcoin as its limited and at a set point humans wont have any to use.. What do you do for when the population is bigger and we have no "money"/ bitcoin to lend them to grow a family or live?? If we have a fixed gold and we can only lend out a fixed amount then the population getting born cant buy, sell or do anything because we physically HAVE nothing to give them. A basic example we have 10 bars of gold/bitcoin or whatever, so 10 people we can lend to but those 10 have babies and we only have 10 bars, what does the 10 new humans trade with? hopes and dreams? Debt people that abuse the system forcing more "printing" by living of debt and gov over spending are the big issues not fiat or gold or bitcoin. Whats your answer to new humans when we have fixed supply currency and no money for them to join in? The key is debt, currency circulation, humans, productivity ratio. Not depopulation, cap birth rates and fixed currency to fit.. Magic no inflation. i think yum no..
@jeep-australia
@jeep-australia 21 күн бұрын
@@rajatsonifinance ​ Ive never listen to any big finance guys say this and infact all the big globalist are saying buy bitcoin and so.. Yeah kinda telling. Many that work with or did or friends of blackrock say buy bitcoin etc
@BradleyT2p2
@BradleyT2p2 20 күн бұрын
Go listen to some Jeff Booth to find out why you're brainwashed and wrong.
@Dan-u3d
@Dan-u3d 22 күн бұрын
This misleading u don’t need to fork to increase the amount…learn your Consensus
@rajatsonifinance
@rajatsonifinance 22 күн бұрын
Of course you do, it's a major change to the network
@villhelm
@villhelm 22 күн бұрын
Wrong. Here is chat GPT answer; Yes, for Bitcoin to increase the total supply above the 21 million limit, it would require a hard fork of the Bitcoin blockchain. Here’s why: 1. Current Protocol Rules: Bitcoin’s 21 million limit is hard-coded into the protocol as part of its monetary policy. This limit is enforced by the consensus rules that every full node validates. Changing this limit would be incompatible with the current Bitcoin network rules. 2. Hard Fork: A hard fork is a change to the blockchain protocol that is not backward-compatible. To increase the supply cap, the new rules would need to allow for additional block rewards or some other mechanism to create new bitcoins. Nodes running the original protocol would reject blocks or transactions that violate the 21 million cap, creating a split in the network. 3. Consensus and Adoption: Even if someone proposed such a change, it would require broad consensus from the Bitcoin community, including miners, developers, node operators, and users. Given the importance of the 21 million cap as a fundamental feature of Bitcoin’s value proposition (scarcity), it is highly unlikely that such a proposal would gain sufficient support. In short, increasing Bitcoin’s supply would require a hard fork, but it’s improbable that the community would support such a change. A fork that attempted to do so would likely result in a new and separate cryptocurrency, not a change to Bitcoin itself.
@The_Oracle_of_time
@The_Oracle_of_time 19 күн бұрын
If you could go back to 2019 would you sell or would you buy more? 4 years from now would you like to go back to 2024 to buy more or sell? Think it through.....
@benhartart9487
@benhartart9487 22 күн бұрын
People need to be more soft chill fam
@Saoti-zm2ri
@Saoti-zm2ri 21 күн бұрын
While I'm n reality it can be hapoen technically
@rajatsonifinance
@rajatsonifinance 21 күн бұрын
?
@chiprobertson3094
@chiprobertson3094 19 күн бұрын
I'm gonna buy 2 million bitcoin hurry up before I buy it in two weeks 😅 people are so stupid
@JimmyGill1
@JimmyGill1 22 күн бұрын
Bitcoins is like the VHS, itll be obsolete one day. Moores law is undefeated.
@thomasscott1570
@thomasscott1570 22 күн бұрын
u can always get out the game
@rajatsonifinance
@rajatsonifinance 22 күн бұрын
You shouldn't buy then. I strongly suggest you stay away if that's your thesis. Maybe you're right.
@JimmyGill1
@JimmyGill1 18 күн бұрын
You really think I participate in it after I made a comment like that? Lol @@rajatsonifinance
@cristinaclark3852
@cristinaclark3852 22 күн бұрын
I love your channel! You’re spot on! It’s a savings account! FOR REAL! What cold storage, external device do you recommend?
@rajatsonifinance
@rajatsonifinance 22 күн бұрын
I like trezor, cold card. I have an affiliate link for trezor in the description!
@Nvix13
@Nvix13 22 күн бұрын
can mstr grow up a day ? the stock drops everyday now
@rajatsonifinance
@rajatsonifinance 22 күн бұрын
Saylor selling shares plus Bitcoin is down, need a long time horizon with MSTR
@Nvix13
@Nvix13 22 күн бұрын
@rajatsonifinance we know,but the shorter also,more short now, the shortest didn't squeeze, haiz, buy more at 325 ,hope Michael seller can pump up a day
@TheConspiracyInvestigator
@TheConspiracyInvestigator 22 күн бұрын
You know why. LOL
@rajatsonifinance
@rajatsonifinance 22 күн бұрын
?
@stuarth1776
@stuarth1776 22 күн бұрын
Rajat you have some of the best videos. I’m been buying and mining bitcoin for almost seven years now and I hate seeing the price going up so fast. I want cheaper sats and a lower hash difficulty so I can buy and mine more lol. All the fuders out there, thank you
@mattyk1519
@mattyk1519 19 күн бұрын
Who cares they can't
@jwkm6918
@jwkm6918 22 күн бұрын
Blackrock has no say in the fixed supply of Bitcoin. No one can alter that aspect of Bitcoin. However, Blackrock can launch Blackrock Coin. Doesn't mean it will have value and there nothing is holding them back if they want to re-write the rules
@rajatsonifinance
@rajatsonifinance 22 күн бұрын
Exactly. Nobody will want that shit 😂
@BlingtingSam
@BlingtingSam 21 күн бұрын
They said ‘changed’ not ‘increased’. This probably means decreased due to lost btcs. People need to chill.
@scottyflintstone
@scottyflintstone 22 күн бұрын
Just No
@lonesom
@lonesom 22 күн бұрын
Ahem,.. get this misinformation into the wrong ears, aka, EVERBODY! and guess what happens.
@S54VR6
@S54VR6 22 күн бұрын
big nothing burger. its literally there as a footnote for legal reasons
@Nameless-tp8np
@Nameless-tp8np 21 күн бұрын
Nooooooooooooo
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