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Is Bitcoin’s 21 Million Cap Safe? Adam Back Explains
In a recent statement, prominent blockchain expert and early Bitcoin advocate Charlie Shrem emphasized the importance of maintaining the 21 million cap on the largest cryptocurrency. This came in response to BlackRock’s decision to add legal fine print stating that they have no control over whether or not the community decides to change the maximum supply.
Adam Back, a well-known cryptographer and Bitcoin pioneer, has weighed in on the matter. According to him, it is crucial for the integrity of the decentralized system that the cap remains intact.
It’s essential to note that BlackRock’s lawyers insisted on including this disclaimer due to cautious legal coverage. In their defense, they argued that if the community were to change the maximum supply, it would be an entirely different coin.
Source: u.today
