Halving is a way for satoshis to force the price of bitcoin to continue to rise over time. The fewer rewards given to miners will make bitcoins harder to obtain and rarer as time goes by. This is a smart strategy that Satoshi had and I just realized it.
The weakness of this strategy is that when Bitcoin fails to reach a high price after the halving until the next halving occurs, this can damage public trust and also harm miners. However, this weakness no longer applies because Bitcoin always has a new ATH at every halving phase that occurs. So, I believe the price of bitcoin will continue to skyrocket in the future.
What do you think?
Honestly, that's a very good question and your answer makes sense but the % of bitcoins that was mined in the first years is so much that it doesn't make sense for me.
It's to slow down the supply distribution/inflation; the price increase is only a byproduct due to the decreased new supply.
And I don't know if you actually think that (though I think it's likely just language barrier), but saying "forces" is not the right word to use in this case lol.
If it's done to slow down the supply distribution or inflation, then why was 75% of all bitcoins mined in the first four years. In the next four years, 16.5% got mined, then 7% got mined, then 3.3%. Does this make sense? It wasn't done for that purpose because most of the coins were mined way early and only the tiniest percentage will be mined in the next hundred year.