RE: LEARN AND EARN Challenge - "What is Bitcoin Halving ?"
Hi,
First of all, nice initiative!
Calling this event "Bitcoin halving" is actually quite misleading. Those who are not aware, might interpret it as Bitcoin total supply is halved 😂. A better way of saying it is "Bitcoin block reward halving", it is longer but a more accurate representation of the event.
The 2020 halving slash Bitcoin block rewards from 12.5 BTC to 6.25 BTC. This round of halving brings Bitcoin inflation rate to about 1.8%. This is significant because the US Fed sets a target inflation rate of 2% for the USD and with this halving, Bitcoin now has an inflation rate lower than USD.
Another widely talked about topic is the stock-to-flow model which is used to value Bitcoin. Post-halving, there will be less flow which leads to a higher stock-to-flow ratio. Since the valuation model positively correlates Bitcoin price with the stock-to-flow ratio, Bitcoin price is expected to increase. Head here if you want to learn more about this.
😂😂😂 @culgin most people are really having that same mindset too even the graphic designers involved in the BTC halving pictures were also splitting BTC into two halves 😂😂😂😂
I'm actually just learning about the stock flow ratio analysis too and I hope to learn more about it. You actually explained in different dimension and I'm sure you will make a good teacher 😊
Dear @culgin
Brilliant piece of work buddy. We've upvoted already it with PH and steemcurator06 accounts.
I would like to take an opportunity and share with you post by @ qsyal, related to Halving:
After more 10 days ..Should I get optimistic or pessimistic about the Halving?
This user just joined our community recently (after long break) and I'm helping him to get some valuable traffic. Hopefully you will find this article worth checking out :)
Enjoy your sunday,
Yours, Piotr