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btcschellingpt 1y ago

The 5th epoch

During the 5th epoch

- Bitcoin will reach 1B txs mined

- Blocks will arrive every 10 minutes

- Blockheight will increase to 7 digits

- [No-one alive will see that move to 8 digits]

- Bitcoin will continue to give precisely zero fucks

At the end of the 5th epoch

- Over 96% of all bitcoin to exist will have been issued

- A difficulty adjustment and a halving will occur at the same block for the first time, and not again until the end of the 10th epoch

- Bitcoin will still be a teenager; gangly and a bit clumsy still, but their adult form recognisable and full of promise for the future

GM 😎

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Discussion

Bitko 1y ago

Welcome to the 5th epoch!

btcschellingpt 1y ago

Damn! I did not see that at the time .. beautiful! 😃

VOLKER - Voice Of Logic Knowledge Experience & Responsibility 1y ago

At the tenth halving, the first rounding error of the block subsidy will occur. A 1-bit will be right-shifted out of the subsidy's binary representation. That rounds the corresponding binary digit down to zero, rather than halving it (you can't have half a bit).