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Is Bitcoin’s 21 Million Cap Safe? Adam Back Explains
In a recent statement, Adam Back, the creator of Hashcash and a prominent figure in the cryptocurrency space, has downplayed BlackRock’s disclaimer stating that they would not be responsible if the maximum supply of Bitcoin were to exceed 21 million.
Back believes that this legal disclaimer is simply “cautious legal coverage” and does not carry any weight. According to him, it is understandable that BlackRock’s lawyers would insist on adding such language since they are offering products that involve the buying and selling of assets that are beyond their control.
“The community is not going to change Bitcoin’s maximum supply, so this disclaimer is essentially meaningless,” he emphasized.
Source: u.today
