Bitcoin Q&A: What is the Halvening?

what this turkey is saying is: The mine operator will find his or her efforts will not be profitable soon enough. I as a miner do not like to hear this as once it loses any profitability then The mine will have to close down. I don't think that was what Satoshi had in mind.

Satoshi had this in mind, there would be many miners in many places. this was to insure that governments and central bankers would not be able to hijack control of the market. Today there is a movement to regulate. This is both asinine and contrary to the freedoms we as people want. This is no different then what has and does happen to all currencies historically. Once over regulation gets rid of the small mining ops then the move will be co-opted into large mining farms that are controlled owned and operated by guess who? The centralized banking cartels. After that it will be business as usual.

We as a community need to disregard people such as Andreas because these are the ones that mislead many into accepting the yoke of Regulation as not only okay and beneficial. But! Blindly accepting any regulations that THEY wish to put into place.

For now I think we have a good thing and some rules make sense. Always keep in mind; over regulation is always the death of good things.

What many do not seem to understand is mining is not free, easy, or cheep! It takes time and investment as well as considerable know how to construct a rig. There is continual maintenance involved. All mines start at a loss. GPUs don't last forever.

The real conversation that we all need to have is how much regulation is enough. Not the one Mr. Antonopoulos seems to wish us to simply accept. I caution many to the very possible truth. Andreas most likely is paid to apply his considerable communication skills to sway and persuade us toward stupidly accepting regulations a plenty. Perhaps we need to put him under the scope and for sure figure out what side of the coin he represents. As for what Satoshi thinks I prefer Satoshi speak for himself.

this guys hairline is glorious

i thought taht I understood the halvening before i watched your video but I know it a lot better now! Thanks

the easy answer on a system that has to grow to cover the costs of miners from txn fees only,
you want quicker release early on cause you can't transact if there is a shortage of bitcoin to go around

halving meets that need getting more coins released early on

Smashed the like

The truth! Bitcoins transactions are not private and all addresses can be easily tracked and real owner names associated with it! Therefore Bitcoin is a dream for a dictator and could be used as a tool for oppression. Addresses can easily be blacklisted by merchants or governments and rendered unusable on wallet level. Yes your bitcoins are not confiscated or stolen…..but you still CAN NOT use them if this happens to you. A world lay into chains ….blockchains! Real FIRST layer privacy Coins only like , Bitcoin Private, Zcoin, Zcash etc. and Monero, Dash , Grin are weak privacy coins and just not good enough.

Andreas, is security defined purely by the mining hashpower? Does the number of full nodes have anything to do with security?

Halving is every 4 years because moor's law says: "the number of transistors per 1 inch doubles every 2 years" This system prevents mining of large amounts of BTC by individual miners and, in time, forces them to sell new types of miners.

A digital QR code that retailers could use which automatically embeds the price of the item in the QR code. So when you scan it to pay it auto populates the amount for you. You could then confirm the amount before sending your bitcoin.
Does this already exist? If not, it should. Would making paying in crypto a faster user experience.

ANDREA WHY THE BRICK COUNTRIES DON/T EXCEPT BITCOIN ANY MORE IT HAS TO DO WITH THE FIRE WALL OF CHINA

$100k-$200k target after this next halvening assuming everything else stays the same. It so obvious yet only a small % of people seem to see it.

I love Andreas!! Smartest man I know in this space.

So in my opinion price wil keep on growing higher over time?

The market tends to have a pent up demand for bitcoin (last half of 3rd year) prior to a halving event. Knowing that the issuance of bitcoins will become much rarer and harder to obtain. I full anticipate that in the tail end of 2019 and beginning of 2020, that the price of bitcoin will have an enormous jump and into all time highs. The coincindece and timing of the US Presidential election cycle and the halving events of bitcoin taking place in the same calendar year may have been the strategic mindset of Satoshi to author the source code as such. ?

Its pronounced Halvening

Excellent video