HALVING HAPPENING GÉNÉRALE

I think 12th May we will see all those crypto youtubers vindicated. They have been so brave to bring awareness to the Bitcoin halving.
>MASSSIVE SUPPLY SHOCK INCOMING!!!!
On the day of the halving, the market will internally realize that miners have 900 BTC per day less to dump! This is biiiig af. Yearly inflation will drop below 2%. This is true and can not be changed back.

Attached: utxo.jpg (1633x806, 86.93K)

Other urls found in this thread:

cs.princeton.edu/~arvindn/publications/mining_CCS.pdf
bis.org/publ/work765.pdf
twitter.com/NSFWRedditGif

Fuck the French

ok what does that mean retard? is it going up or down?

yes

up, fellow retard, up and more up

Imagine being in crypto and not realizing how massive this really is

everything french touch turn to shit. Tell me a project that did well with some french involve. Unironically the top is near.

It'll dump post halving to 6k until the difficulty has been adjusted.

I dont care about the french. GTFO of my board with this french stuff. Halving is all that matters right now. If you are not on board now, you are going to be poor forever.

do you think there's gonna be anymore pump fakes to 10k+ before it dumps?

everyone thinks it is going to dump post halving and they can get cheap BTC, that is why its really going to pump

yeah alright buddy zoom out

I have a new $50 Logitech mouse, I can zoom out even better than you

Jesus christ, alright i'm out of this thread wtf did i just read

Dont bring the lords name into the halving thread

Played hard

In all seriousness, if history were to repeat, we'd get a strong dump first, lasting 2-3 months before taking off.

Based logitechnician

>$9m less to dump
its nothing

- We have only 2 data points and these even looked considerably different.
- The hype this time around is another beast.
- Miner ecosystem is completely different.
- Inflation drop is almost insignificant now compared to the market volumes and actively circulating supply numbers.

I see absolutely no reason for history to repeat other than coincidence.

Attached: halving.jpg (1167x616, 41.01K)

absolutely based

hmmmmm

did you even look at the s2f model? it's not 2 data points. every day is another data point. the difficulty fluctuations affect the flow too, which is why there's good reason to count those days.

Impossible to be in crypto and not having seen it. Have you ever read critical opinions about the model?

yes i have. I know you were basing it on your google trends, but "2 data points" doesn't reflect the nature of the s2f model at least. the dynamics that drive price revolve largely around mining and miner's breakeven point.

merica is a meme, I live in a shithole and I bought a new brand original standard logitech for less than $15 and I've been using it for 2 years now and still rocking in.

As I mentioned, I think the mining ecosystem is completely different this time. Can you spot the last halving on the picture without looking up the date? Miners at that time were all easily profitable, people even mined at home still. 50% reward reduction didn't force anyone out.
Mining profit margins are now waaay more tight and a 50% reward reduction will hit them. All will be OK though still... unless the price decides to drop as well. Then a lot of miners would be fucked. Especially ones that leveraged money to get into mining.

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S2f is the most hilarious meme ever

Most optimistic model with actual statistical rigor predicts bitcoin topping out at 70k PERMANENTLY, oh wow I could 7x my money over the next decade I'm gonna be rich

Get rich quick phase of crypto is over, deal with it.

based

>On the Instability of Bitcoin Without the Block Reward
cs.princeton.edu/~arvindn/publications/mining_CCS.pdf
The most in-depth paper written on bitcoin EVER
Princeton university

>Beyond the doomsday
economics of “proof-of work” in cryptocurrencies
Monetary and Economic Department
bis.org/publ/work765.pdf

"Second, the transaction market cannot generate an adequate level of
“mining” income via fees as users free-ride on the fees of other transactions in a block and in the
subsequent blockchain. Instead, newly minted bitcoins, known as block rewards, have made up the bulk
of mining income to date. Looking ahead, these two limitations imply that liquidity is set to fall dramatically
as these block rewards are phased out. Simple calculations suggest that once block rewards are zero, it
could take months before a Bitcoin payment is final, unless new technologies are deployed to speed up
payment finality. Second-layer solutions such as the Lightning Network might help, but the only
fundamental remedy would be to depart from proof-of-work, which would probably require some form
of social coordination or institutionalisation."

>Mining profit margins are now waaay more tight and a 50% reward reduction will hit them

just wait m8

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what do the letters mean? tl;dr? crypto go up or crypto go down??

Attached: bitcoin.jpg (1028x578, 67.59K)

does this mean imaginary money nobody uses except criminals will become worth more or less?

it will stay the same but dollar will be worth less compared to it

In the year 2134, mining will be worthless

I will be dead by then. Why should I care about that? are you retarded? you and these "experts"???? Why should I care. I guess internet monies go up then

"Unfortunately, there is reason to expect that the demand for transactions will fall to very low levels. People are likely to make use of off-chain transaction mechanisms via trusted third parties, particularly for small amounts, in order to alleviate the need to wait for confirmations. Payment processors may only need to clear with each other infrequently. This scenario is not only economically likely, it seems necessary given the relatively low transaction rate supported by Bitcoin. Since blockchain transaction will have to compete with off-chain transaction, the amount spent on transactions will approach its cost, which, given modern infrastructure, should be close to zero. Attempting to impose minimum transaction fees may only exacerbate the problem and cause users to rely on off-chain transaction more. As the amount paid in transaction fees collapses, so will the miner’s revenues, and so will the cost of executing a 51% attack. To put it in a nutshell, the security of a proofof-work blockchain suffers from a commons problem[9]. Core developer Mike Hearn has suggested the use of special transactions to subsidize mining using a pledge type of fund raising[10]. A robust currency should not need to rely on charity to operate securely"

>Mining profit margins are now waaay more tight and a 50% reward reduction will hit them
unprofitable miners are already out
we will not see any significant drop during halving, just some random statistical noise

yes but that's not an issue until 2030+, and everyone except to be out of bitcoin by then, after dumping it on someone else.

>priced in -bubble burst 18
> ruse by market manipulators to sell into pump
financial ignorance is sad

it will be priced in the moment the majority finds out that bitcoin is not substainable long term. Which should be in the next few years. Nobody wants to invest in a dying system.

I just answered your question about what it meant. No need to get angry at me.

kek