Post
Topic
Board Bitcoin Discussion
Re: This is my own opinion about Bitcoin block halving
by
Mpamaegbu
on 18/07/2020, 05:27:05 UTC
You did not really add anything new to the discussion about the Halving.
Great observation. For a second I thought I was reading a different post other than what he had in the OP as it didn't capture the title. OP should know that Bitcoin halving is totally different from the total supply of Bitcoin. The halving creates for difficulty in reward, thereby creating scarcity with the already limited scarce 21 BTC. Yes, I agree with the ingenuity of Satoshi in creating the blockchain tech which other facets of businesses are launching into. But I don't believe it's the limited supply of Bitcoin that makes it valuable. No. There are other coins below 2million supply but are not even up to $2 in price. It's the utility and use-case of Bitcoin that bestows its value on it.