The Bitcoin halvingsThe Bitcoin halvings
Bitcoin has 32 halvings. We have only seen 3 so far. The road from 50 $BTC to 1 $Sat:
Genesis - Block reward 50 2012 Halving - Block reward 25 2016 Halving - Block reward 17 5 2020 Halving - Block reward 6.25
We are here
2024 Halving - Block reward 3.125 2028 Halving - Block reward 1.5625 2032 Halving - Block reward 0.78125 2036 Halving - Block reward 0.390625 2040 Halving - Block reward 0.1953125 2044 Halving - Block reward 0.09765625 2048 Halving - Block reward 0.04882812 2052 Halving - Block reward 0.02441406 2056 Halving - Block reward 0.01220703 2060 Halving - Block reward 0.00610351 2064 Halving - Block reward 0.00305175 2068 Halving - Block reward 0.00152587 2072 Halving - Block reward 0.00076293 2076 Halving - Block reward 0.00038146 2080 Halving - Block reward 0.00019073 2084 Halving - Block reward 0.00009536 2088 Halving - Block reward 0.00004768 2092 Halving - Block reward 0.00002384 2096 Halving - Block reward 0.00001192 2100 Halving - Block reward 0.00000596 2104 Halving - Block reward 0.00000298 2108 Halving - Block reward 0.00000149 2112 Halving - Block reward 0.00000074 2116 Halving - Block reward 0.00000037 2120 Halving - Block reward 0.00000018 2124 Halving - Block reward 0.00000009 2128 Halving - Block reward 0.00000004 2132 Halving - Block reward 0.00000002 2136 Halving - Block reward 0.00000001
What are your thoughts seeing this?
In case anyone is confused, 2016's halving is wrong. It should read: 2016 Halving - Block reward 12.5
Indeed, you are correct.
Liked this tweet too 😆
In about a decade or so the transaction fees will probably already be higher than the block reward.
After that I reckon the halving won't have a massive effect on the price.
when 1 sat = 1 usd?
1 sat = 1 sat
2128 should hard fork a 4.5 sat block reward
We might hard fork before that - to fix the Y2038 problem.
There won't be any issues in Bitcoin in 2038, that issue will appear in 2106 as Satoshi said:
That's correct. I never said the issue will appear in 2038, I meant before the year, mentioned above my comment - 2128.
Why?
To continue halving forever
So why are you pro tail emissions? (Just curious, people have their reasons)
It was a bad joke
We'll all be dead by 2120
I was pointing out the rounding error & how there are a little less than 21mil bitcoin