3 ms·
> it's a well known 4 year cycle programmed into the protocol First I've heard of this. Do you have more information?
by darkerside 5y ago
> it's a well known 4 year cycle programmed into the protocol
First I've heard of this. Do you have more information?
- lhl 5y agoYou can look up Stock to Flow and Bitcoin to learn more about that theory.
- FabHK 5y agoGP is presumably talking about the halving of coinbase, ie the mining reward, every 4 years. Currently at 6.25 BTC per Block.
- arcticbull 5y agoRight, but supply inflation moving from 1.76% per annum to 0.88% per annum is roughly speaking utterly meaningless. People just latched onto this idea because they're using too few data points.
- FabHK 5y agoAgreed. And the idea that miners have a god-given right to make $100 per transaction, $40m per day, and therefore if the mining reward halves, the price of BTC must inevitably double, is obviously preposterous.
- bombcar 5y agoTaking about a four year cycle on something that has existed for twelve seems the epitome of using too few data points.