On Saturday, I taught a 4-year-old about the halving at our Halving Party. The kids in attendance had just watched this Bitcoin episode from the Tuttle Twins:

https://v.nostr.build/5G5lZ.mp4

Afterward, I switched my computer back to display the Timechain Calendar. The conversation that followed went something like this:

Me: "Do you know what that is?" [gesturing to Timechain Calendar being projected on the wall]

Him: "Yes. That's Bitcoin."

Me: "Do you know what those numbers mean?"

Him: "Um... No, not really..."

Me: "Those are the number of blocks in Bitcoin so far. There's another block every 10 minutes, and the first one was when Satoshi first started Bitcoin. And now there are 840,093 of them!" (yes, that was the block height at the time)

Him: "Wow! Really?!"

Me: "Yeah. And did you know that something really special happened last night with Bitcoin?"

Him: "What happened?"

Me: "When that number said "840000, something called the 'halving' happened, because the amount of new bitcoin was cut in half. Have you heard about that?"

Him: "Not really. Is it like cutting a sandwich in half?"

Me: "Yes! It's exactly like that. Imagine I keep making sandwiches and give you a new one every 10 minutes. But then, after doing that for 4 years, I cut each sandwich in half, and just give you that. And then, after 4 more years, I cut it in half again. And then again and again and again. [showing the diminishing size if the sandwich slices like 🤏]

"Last night, that happened with bitcoin, too. The amount of new bitcoin that was being discovered every 10 minutes was cut in half. So now it's a lot harder to find more bitcoin!"

Him: "Oh, wow. So... If someone wants some, it's gonna be a lot harder to get it, right? Unless they pay with more dollars, right?"

Me: "Exactly."

His parents, who are new friends of mine, sure are raising him right! 🧡