Imagine you have a limited edition set of 21 million marbles. You reward people with 10 marbles for every chore they do (mining a block in Bitcoin terms). Every four years, you CUT IN HALF the number of marbles they get: 5, then 2.5, then 1.25... This is a Bitcoin halving.
**Why do it?**
- To make the marbles (Bitcoins) harder to get and more valuable, just like those limited edition ones.
- To control the total supply, stopping it from becoming endless.
**When's the next one?**
The next halving is estimated to be in **April 2024**. That means about **90 days** (as of today) until the rewards get cut in half again!
**So what?**
Historically, Bitcoin prices have increased after halvings because there's less new supply, but it's not guaranteed. It's like collecting the marbles: they may become more valuable over time, but it depends on how much people want them.
**Remember:** This is a simplified explanation. Bitcoin and its value are complex, so always do your own research. #plebchain #nostr #gm