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

Reply to this note

Please Login to reply.

Discussion

No replies yet.