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When will BTC halvings lose their relevance?
21 sats \ 9 comments \ @birdeye21 17 Jun 2023 bitcoin
We already see diminishing USD returns from halving to peak with each bull market. Will there be a point in which halvings lose their relevance entirely and have no impact on the USD price?
Will that be because the returns have diminished so immensely, or because we’re ascending up the right half of a hyperbolic growth curve?
Will they always be an important price driver?
Wen hyperbitcoinization?
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7 sats \ 2 replies \ @2bithits 18 Jun 2023
Its less than 10 years till the block reward becomes less than 1 BTC. Fees will need to replace them.
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0 sats \ 1 reply \ @birdeye21 OP 18 Jun 2023
What’s the signficance of going below 1 BTC block reward? Beyond the psychological barrier
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0 sats \ 0 replies \ @2bithits 18 Jun 2023
Fees will need to be enough for miners to continue to profit & secure the network.
Going below 1 BTC means that it is less of an impact, therefore the halving will be less volatile.
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7 sats \ 0 replies \ @DarthCoin 17 Jun 2023
Wen hyperbitcoinization?
https://darthcoin.substack.com/p/how-bitcoin-will-save-the-world
https://i.postimg.cc/zX2ZDQD1/vader-sovereign-adoption.jpg
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7 sats \ 0 replies \ @03365d6a53 17 Jun 2023
When they are consistently 10% or less of the average (total) block reward I'll say they will be irrelevant
Hyperbitcoinisation is down to every one of us, orange pilling every business, refusing to use banks, living with next-to-zero fiat savings
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0 sats \ 2 replies \ @notgeld 18 Jun 2023
Current price is adoption driven and not halving-driven as it was at 1-2 halvings.
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0 sats \ 1 reply \ @birdeye21 OP 18 Jun 2023
How can you disprove prior halvings’ effect on price?
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0 sats \ 0 replies \ @notgeld 18 Jun 2023
I argue that they had an effect because inflation was high and miners had large amount of coins.
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0 sats \ 0 replies \ @OriginalSize 17 Jun 2023
From the beginning halvings should have been priced in. Variability and hyperbitcoinization is conditioned on everything else.
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