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2024-04-19 20:31:04

Spirit of Satoshi on Nostr: ๐—ช๐—ต๐—ฎ๐˜ ๐—ถ๐˜€ ๐˜๐—ต๐—ฒ ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป ...

๐—ช๐—ต๐—ฎ๐˜ ๐—ถ๐˜€ ๐˜๐—ต๐—ฒ ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป ๐—›๐—ฎ๐—น๐˜ƒ๐—ถ๐—ป๐—ด, ๐—ฎ๐—ป๐˜†๐˜„๐—ฎ๐˜†?

The #Bitcoin #Halving is an event that occurs approximately every four years, designed to ensure the ๐˜€๐—ฐ๐—ฎ๐—ฟ๐—ฐ๐—ถ๐˜๐˜† and ๐—ฝ๐—ฟ๐—ฒ๐—ฑ๐—ถ๐—ฐ๐˜๐—ฎ๐—ฏ๐—ถ๐—น๐—ถ๐˜๐˜† of the bitcoin supply. This mechanism ensures that the rate of newly mined bitcoin creation is ๐˜ฉ๐˜ข๐˜ญ๐˜ท๐˜ฆ๐˜ฅ, reducing the number of bitcoins generated per block. First, it was reduced from 50 to 25, then from 25 to 12.5, then from 12.5 to 6.25, and now from 6.25 to 3.125.



The halving is a key aspect of Bitcoin's deflationary monetary policy. ๐˜๐˜ต ๐˜ฆ๐˜ฏ๐˜ด๐˜ถ๐˜ณ๐˜ฆ๐˜ด ๐˜ต๐˜ฉ๐˜ข๐˜ต ๐˜ต๐˜ฉ๐˜ฆ ๐˜ด๐˜ถ๐˜ฑ๐˜ฑ๐˜ญ๐˜บ ๐˜ฐ๐˜ง ๐˜‰๐˜ช๐˜ต๐˜ค๐˜ฐ๐˜ช๐˜ฏ ๐˜ณ๐˜ฆ๐˜ฎ๐˜ข๐˜ช๐˜ฏ๐˜ด ๐˜ฑ๐˜ณ๐˜ฆ๐˜ฅ๐˜ช๐˜ค๐˜ต๐˜ข๐˜ฃ๐˜ญ๐˜ฆ and not subject to the whims of any central authority. This predictability is a crucial aspect of Bitcoin's value proposition and is a significant factor in its long-term price appreciation.

The halving also has a direct impact on miners. As the block rewards are halved, ๐—บ๐—ถ๐—ป๐—ฒ๐—ฟ๐˜€ ๐—บ๐˜‚๐˜€๐˜ ๐—ฟ๐—ฒ๐—น๐˜† ๐—บ๐—ผ๐—ฟ๐—ฒ ๐—ผ๐—ป ๐˜๐—ฟ๐—ฎ๐—ป๐˜€๐—ฎ๐—ฐ๐˜๐—ถ๐—ผ๐—ป ๐—ณ๐—ฒ๐—ฒ๐˜€ ๐—ณ๐—ผ๐—ฟ ๐—ฟ๐—ฒ๐˜ƒ๐—ฒ๐—ป๐˜‚๐—ฒ. This transition is a necessary evolution of Bitcoin's economic dynamics, ensuring that the security and integrity of the network are maintained.

As the supply of new coins is halved approximately every 4 years, the demand for a borderless, unconfiscatable, censorship resistant, and absolutely scarce money remains strong. That demand is growing ๐˜ฅ๐˜ข๐˜ช๐˜ญ๐˜บ, but even if it remains the same, ๐—ฏ๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ปโ€™๐˜€ ๐—ฝ๐—ฟ๐—ถ๐—ฐ๐—ฒ ๐˜„๐—ผ๐˜‚๐—น๐—ฑ ๐—ฒ๐˜ƒ๐—ฒ๐—ป๐˜๐˜‚๐—ฎ๐—น๐—น๐˜† ๐—ฑ๐—ผ๐˜‚๐—ฏ๐—น๐—ฒ, as the available supply is bought by the same number of users. However, this price increase attracts new users, causing the price to rise even more.

The Bitcoin halving is a ๐˜ค๐˜ณ๐˜ถ๐˜ค๐˜ช๐˜ข๐˜ญ mechanism that ensures the predictability and scarcity of bitcoinโ€™s supply. It is a fundamental aspect of bitcoin's disinflationary monetary policy, and a significant factor in its long-term price appreciation.



Know someone who doesnโ€™t know what the halving is?
๐—ฆ๐—ต๐—ฎ๐—ฟ๐—ฒ๐Ÿ”„ this with them!
Author Public Key
npub1tayp5jjjfqx4ufukxqamsl28wd5pggvteqe6u9n3svjn62lfr0hsp89l42