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2024-05-26 12:35:11

The: Daniel⚡️ on Nostr: TIL this was wrong and I should have checked the math, but it’s early and I ...

TIL this was wrong and I should have checked the math, but it’s early and I haven’t been on the #coffeechain yet.
TIL that the reason the #bitcoin halving takes place during U.S. presidential election years is due to Laszlo Hanyecz and his cohort introducing GPU mining in 2010 and shortening the first halving cycle to 3 years instead of 4 until the difficulty adjustment caught up. Otherwise, halvings would have always taken place in the year following the election.

Another page of #BitcoinPizzaDay history.
Author Public Key
npub1aeh2zw4elewy5682lxc6xnlqzjnxksq303gwu2npfaxd49vmde6qcq4nwx