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GP is presumably talking about the halving of coinbase, ie the mining reward, every 4 years. Currently at 6.25 BTC per Block.
by FabHK 5y ago
GP 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.