It is a miracle the US still has any allies with the way they treat them. Maybe they don't have any true allies. Most of them are bought, not earned. The moment the money quits flowing, these allies will be gone.

You assume humans are logical

Day 16: #grownostr initiative

What client is everyone using? Is it working well?

I currently use Snort on my laptop. It was working great for the first 2 weeks, but now it has trouble displaying notifications.

It might be time to branch out and use a different client. I'd love to hear what everyone else is using and how they like it.

At 10:00 pst I will take the highest zap on this post, double it, and send it back.

Any podcast advise to follow on #Fountain?

The population control plan is working.

One of the most popular questions from my close circle that I ever receive is whether the #Bitcoin halving actually matters and if it will impact the price when the halving occurs next. 🤔

To understand the #BTC halving, we need to go back in time. ⏳⌛️

When #btc was launched, 50 Bitcoins were generated every 10 minutes for four years. After that period, the number of Bitcoins generated every 10 minutes dropped to 25, then to 12.5, and now to 6.25. This is where we are today, with about 900 #Bitcoins being generated daily.

Every single time that the #Bitcoin halving has occurred, the price of #Bitcoin has appreciated rapidly within 18 months.

The #Bitcoin halving can be thought of as a supply shock. 🌩️

If there is less #BTC coming into circulation and demand stays the same, the price will naturally go up.

This is a basic principle of supply and demand economics. Some people believe that the Bitcoin halving does not matter, as they subscribe to the efficient market hypothesis, which suggests that everyone with the same information in the market will come to the same conclusion.

I disagree with this hypothesis, as different market participants can have the same information and come to different conclusions.

In my opinion, the Bitcoin halving will have some sort of impact on the price, although the severity of that impact can be debated.

Historically, there has been a rapid appreciation in price within the first 18 months after each #Bitcoin halving, and I don't believe that will change in the next halving. In fact, more and more people are likely to become aware of the Bitcoin halving and its potential impact on price.

This could create an explosive impact on #Bitcoin's price, as more people buy and hold Bitcoin in anticipation of the event, making the asset more illiquid.

Whenever the Bitcoin halving has occurred in the past, we have seen a significant increase in price.

For example, leading into the 2020 halving, Bitcoin's price went from around $8,000 to almost $70,000, a 700% price appreciation in 18 months. 🧐

While there has been a significant drawdown in price since then, I believe that the next #Bitcoin halving in 2024 will still have a positive impact on price.

Although history doesn't necessarily repeat itself, we can use it as a guide for future probabilities. 🧡

I think that each future halving will have less of an impact on price, but it will still have an impact.

As we head into the next Bitcoin halving, it's essential to understand what the halving is, how it technically works, when it will occur, and how it has historically impacted adoption, price, and other aspects of the #Bitcoin network. 😎

In the next #Bitcoin halving, I expect a repeat of many past events, but I reserve my right to change my mind if new information emerges that would warrant a change in perspective.

Let me know in the comments whether you agree or disagree and what you think will happen with the next #Bitcoin halving. 🤝

"Most customers, when pressed, think the recession will start in summer. We are getting ready for our second layoff in the last four months." - Dallas Fed survey respondent