10. Halving:
Bitcoin's scarcity mechanism Every four years, a crucial event occurs in the Bitcoin world: halving.
This event halves the reward given to miners for each block mined, thus reducing the creation of new Bitcoins.
This mechanism is built into Bitcoin's code to create an artificial scarcity, similar to that of gold.
Halving has a direct impact on supply and demand, often followed by a price increase, as new Bitcoins become rarer.
This periodic event reminds everyone that Bitcoin is not an infinite resource.
#bullishbounty #bitcoin #btc
#nostr #zap #zapaton
Usgbtc21 / Ultimate Satoshi
npub1cp…9kxks
2024-09-27 21:40:36
Author Public Key
npub1cp9wpuyqfj94e2xla0apvfq5904m2kp0n3m6t07l2fyrnvxd26zqx9kxksSeen on
wss://relay.primal.netPublished at
2024-09-27 21:40:36Event JSON
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"content": "10. Halving: \n\nBitcoin's scarcity mechanism Every four years, a crucial event occurs in the Bitcoin world: halving. \n\nThis event halves the reward given to miners for each block mined, thus reducing the creation of new Bitcoins.\n\n This mechanism is built into Bitcoin's code to create an artificial scarcity, similar to that of gold. \n\nHalving has a direct impact on supply and demand, often followed by a price increase, as new Bitcoins become rarer.\n\n This periodic event reminds everyone that Bitcoin is not an infinite resource.\n\n\n#bullishbounty #bitcoin #btc\n#nostr #zap #zapaton",
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