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Author Topic: How would Blackrock benefit if they fork BTC?  (Read 1938 times)

Offline Stompix

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Re: How would Blackrock benefit if they fork BTC?
« Reply #30 on: July 18, 2024, 03:42:37 PM »
I also heard they own Ukraine already since they are incharge for rebuilding the country after the war. If they almost own everything, its possible they also own the regulators, I remember none of the ETFs were approved until Blackrock filed their Bitcoin ETF. It is as if they are the ones the SEC is waitin for.
And you think they don't own US, Russia and other countries?

And the smart ones are Yemen and Iran because Blackrock doesn't own them, right?  ;D
I'm just curious, if BlackRock owns countries, then why aren't people massively buying BlackRock stocks and then forcing their own board to rule the company? They have a market cap just a bit bigger than Solana, with all the money in Doge and Shiba you could get a slight majority ;)

Btw, if Blacrock owns the US, then what do Fidelity and Vanguard (who have combined more assets than BR) own?

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Re: How would Blackrock benefit if they fork BTC?
« Reply #30 on: July 18, 2024, 03:42:37 PM »

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Offline MrSpasybo

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Re: How would Blackrock benefit if they fork BTC?
« Reply #31 on: July 18, 2024, 05:41:40 PM »
Blackrock can make it happen because they have enough resources and funds to create a successful fork of BTC and they can also get investors too. These investors won't comprised of BTC enthusiasts because they will not like a new BTC fork, especially this one because it can grow faster than the previous ones. But eventually, new users will also adopt it when they will see the gains the old customers of Blackrock made.

They can acquire most of the forked amount because they have a good amount of BTC. They can make money by speculating it, by charging fees and they can come up with their own exchange where they will list the forked BTC first so all the investors could buy and sell there at start.
BlackRock may be very strong, but I don't think they have the power to attack and affect the future of BTC. A hardfork may happen, but the community will still choose an independent and decentralized BTC instead of a new-BTC that is dependent on or influenced by a financial institution.

Clearly, BlackRock has no significant benefit in trying to hardfork to destroy BTC. They can make more profit by supporting BTC through financial products such as BTC Spot ETFs and diversifying the portfolios of many funds they manage. So, I'm not worried about the hardfork scenario for BTC in the future ^^
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Re: How would Blackrock benefit if they fork BTC?
« Reply #31 on: July 18, 2024, 05:41:40 PM »

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Offline Faisal2202

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Re: How would Blackrock benefit if they fork BTC?
« Reply #32 on: July 25, 2024, 06:16:25 PM »
Blackrock is governed by smart people and these smart ones know they couldn't control BTC. So why would they put all their money to Bitcoin when they know they are not in control of it?

With the forked coins, Blackrock owns the asses of all holdsrs of this coin. You could say no one may use this coin but then Blackrock pumping the coin will always make investor go to invest.
Although they may not control Bitcoin directly, they can influence investors' money. The question arises, do they truly wish to control a coin that serves as the basis for their ETFs? It seems unlikely they would merely inflate the prices of assets they oversee or dump them to profit. Additionally, why would an investor choose to invest in an ETF backed by a single entity that might be biased? While fiat currencies can also be biased and centralized, the level of government involvement typically does not equate to the centralization seen with a firm like BlackRock.

Regarding the potential for BlackRock to manipulate prices, it is true that investors might be drawn to a rising coin. However, how would they recognize it as such? Although certain patterns can inform analytical decisions if BlackRock were to manipulate prices as the TRX founder attempted, resulting in lawsuits, wouldn’t BlackRock also face similar legal challenges?
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Offline Captain Corporate

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Re: How would Blackrock benefit if they fork BTC?
« Reply #33 on: July 25, 2024, 09:29:49 PM »
I do not think that they will, all the situation looks like the yare going to avoid doing such a thing, and I am guessing that it will definitely be something that will take a while, not guessing how hard or easy it will be, but the looks of it shows that we are talking about BlackRock already making enough with the way things are. That is why I honestly think that we will not face anything big, its going to be BlackRock just keep doing this ETF and making billions along the way, getting more and more funds, so they will be happy with what they have. If they ever consider fork, they will see its useless headache and nothing more.

 

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