Every 210000 blocks Bitcoin ensure that you will get in the next 210000 half of what there will be.
This is the halving. By some magic we all go out fishing but we only can catch half of the existing fish every 4 years. This ensures sustainability.
No matter what technology we invent, no matter how many people go fishing, we can only have half. The other half is locked in the future.
Tick Tock Next Block
Angelos D. Ple₿eos
npub1jw…y6vx3
2024-04-16 05:31:44
in reply to nevent1q…67rm
Author Public Key
npub1jwx5dlcmnw4tu9n4e4tk6xpy7e360hpcra2xjcnxt7xj7s4q5tps6y6vx3Published at
2024-04-16 05:31:44Event JSON
{
"id": "4a98d47f1368059c4c3c1637fad1dbdaedc81c37cd178d86da19b4d62fe1df08",
"pubkey": "938d46ff1b9baabe1675cd576d1824f663a7dc381f546962665f8d2f42a0a2c3",
"created_at": 1713245504,
"kind": 1,
"tags": [
[
"e",
"43f111109c8e197069433e44883047410d882d5eb5239250001bac4f2f8e2bad",
"",
"root"
],
[
"p",
"32e1827635450ebb3c5a7d12c1f8e7b2b514439ac10a67eef3d9fd9c5c68e245"
]
],
"content": "Every 210000 blocks Bitcoin ensure that you will get in the next 210000 half of what there will be. \n\nThis is the halving. By some magic we all go out fishing but we only can catch half of the existing fish every 4 years. This ensures sustainability. \n\nNo matter what technology we invent, no matter how many people go fishing, we can only have half. The other half is locked in the future. \n\nTick Tock Next Block",
"sig": "7bb05f5432d8a9bbf334b9d9bb5e2ada5eb59c60f75c302c00aabb5dd2633cb2764677ff3886ce97345ded0d7040cb13015cbd34489db9d762b086105b4c29f6"
}