The next Bitcoin halving is April 19, 2024. This is driving Bitcoin towards $70-100k.
About every four years or every 210,000 blocks added to the blockchain, bitcoin miners’ rewards for contributing will be cut in half. IF the reward for mining a block was 40 bitcoins, after its first halving it will be 20, and then 10 bitcoins per block mined. The halving process reduces the rate at which new bitcoins are created, making them scarcer
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
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Who cares?
Aside from making it cheaper to pay for criminal activities, what value does BTC create?
“Aside from making it cheaper to pay for criminal activities”
I’m pretty sure the cost of criminal activities isn’t dependent on the currency involved. The idea that BTC is criminal currency compared to physical dollars is kind of funny. It is an idea that appeals to simpletons who work hard to remain ignorant of the $2 trillion US illicit economy that runs on US legal tender.
You should really stick to “Crypto causes greenhouses gasses” as it is a slithgly less obvious strawman.
I’m struggling to name any value that BTC creates either, unless you count warming up the planet, selling massive compute farms and making some early adopters insanely rich as a benefit.
Transmits value without state backing. BTC is orders of magnitude less CO2-intensive than the banking industry, too
Do you have a reference to back up your CO2 claim?
Is this another BTC pump and dump?
Watched a video where Cramer was exposed stating that it only cost about $20M to execute a pump and dump on BlackBerry. Said all the big players do it continuously on everything, moving the markets up and down.