Having
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What is #Bitcoin #Having ?
Bitcoin halving is an event that occurs approximately every four years, which halves the rate at which new bitcoins are created. It directly impacts the Bitcoin #mining process, where miners are rewarded with new bitcoins for verifying and adding transaction records to Bitcoin's public ledger (the blockchain). Here's a closer look at the key aspects:
Bitcoin's underlying protocol dictates that the reward for mining a block is halved after every 210,000 blocks are mined, a process that takes roughly four years. This mechanism was designed by #Satoshi Nakamoto, Bitcoin's anonymous creator, to mimic the process of extracting precious metals like gold from the earth, which becomes harder and less rewarding over time.
The primary purpose of bitcoin halving is to control inflation. By decreasing the rate at which new bitcoins are generated, the halving event ensures that the total supply of bitcoins asymptotically approaches 21 million, the maximum supply cap set by #Nakamoto. This controlled supply is intended to prevent devaluation through inflation, in contrast to fiat currencies, which can be printed in unlimited quantities by governments.
Halving tends to have significant short-term and long-term effects on Bitcoin's economy. In the short term, it can lead to increased transaction fees as miners seek to compensate for the reduced block reward. Over the long term, halvings have historically preceded substantial increases in Bitcoin's price, although past performance is not indicative of future results. This is often attributed to the reduced supply of new bitcoins and increasing demand.
There have been several halvings since Bitcoin's inception in 2009. The first halving in 2012 reduced the reward from 50 bitcoins per block to 25. The second in 2016 cut the reward to 12.5 bitcoins, and the third in 2020 reduced it further to 6.25 bitcoins. Each event has been closely watched by investors, traders, and enthusiasts for its impact on Bitcoin's market value and mining community.
$BTC
Bitcoin halving is an event that occurs approximately every four years, which halves the rate at which new bitcoins are created. It directly impacts the Bitcoin #mining process, where miners are rewarded with new bitcoins for verifying and adding transaction records to Bitcoin's public ledger (the blockchain). Here's a closer look at the key aspects:
Bitcoin's underlying protocol dictates that the reward for mining a block is halved after every 210,000 blocks are mined, a process that takes roughly four years. This mechanism was designed by #Satoshi Nakamoto, Bitcoin's anonymous creator, to mimic the process of extracting precious metals like gold from the earth, which becomes harder and less rewarding over time.
The primary purpose of bitcoin halving is to control inflation. By decreasing the rate at which new bitcoins are generated, the halving event ensures that the total supply of bitcoins asymptotically approaches 21 million, the maximum supply cap set by #Nakamoto. This controlled supply is intended to prevent devaluation through inflation, in contrast to fiat currencies, which can be printed in unlimited quantities by governments.
Halving tends to have significant short-term and long-term effects on Bitcoin's economy. In the short term, it can lead to increased transaction fees as miners seek to compensate for the reduced block reward. Over the long term, halvings have historically preceded substantial increases in Bitcoin's price, although past performance is not indicative of future results. This is often attributed to the reduced supply of new bitcoins and increasing demand.
There have been several halvings since Bitcoin's inception in 2009. The first halving in 2012 reduced the reward from 50 bitcoins per block to 25. The second in 2016 cut the reward to 12.5 bitcoins, and the third in 2020 reduced it further to 6.25 bitcoins. Each event has been closely watched by investors, traders, and enthusiasts for its impact on Bitcoin's market value and mining community.
$BTC
Do you want to know a secret?
How to guarantee gains this bitcoin bull run?
Even if you have a small portfolio.
No, I am not going to suggest using leverage.
That is stupid.
It’s actually ironic.
Use spot, my brothers and sisters.
Trust me.
Many people on spot will outperform leverage traders.
#BullRun #Having
How to guarantee gains this bitcoin bull run?
Even if you have a small portfolio.
No, I am not going to suggest using leverage.
That is stupid.
It’s actually ironic.
Use spot, my brothers and sisters.
Trust me.
Many people on spot will outperform leverage traders.
#BullRun #Having
Coinbase Custody Signals Bitcoin Trading Shift
Amidst the uncertainty surrounding Bitcoin's fate on Wall Street, #Coinbase is making strategic changes in its leadership. Recent reports suggest that Aaron Schnarch, the CEO of Coinbase Custody, has stepped down, paving the way for Rick Schonberg to take the reins.
#Having led the company since June 2022, Schnarch's departure coincides with Coinbase's anticipation of potential approval for Bitcoin exchange-traded funds (ETFs). According to a Coinbase spokesperson, the company has diligently prepared for ETF approval, ensuring their systems are ready for increased trading volumes.
Coinbase Custody, acting as a trust company, holds the responsibility of safeguarding digital tokens for various asset managers. This role gains significance if the U.S. Securities and Exchange Commission (SEC) greenlights spot #BitcoinETFs! .
The leadership shuffle at Coinbase Custody aligns with broader industry movements. Barry Silbert's recent resignation from Grayscale's board of directors raises speculation about converting Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF.
The SEC, historically hesitant, faces renewed pressure with increased industry support and a recent court ruling. Heavyweights like BlackRock, Franklin Templeton, and Grayscale Investments, eyeing regulatory approval, intend to use Coinbase Custody for Bitcoin storage.
#Bloomberg ETF analyst Eric Balchunas predicts a positive decision around January 9, potentially triggering trading by January 11. This anticipation has propelled Bitcoin prices to a staggering 160% gain in 2023.
This leadership shift at Coinbase Custody hints at significant developments in the Bitcoin trading landscape.
#Having led the company since June 2022, Schnarch's departure coincides with Coinbase's anticipation of potential approval for Bitcoin exchange-traded funds (ETFs). According to a Coinbase spokesperson, the company has diligently prepared for ETF approval, ensuring their systems are ready for increased trading volumes.
Coinbase Custody, acting as a trust company, holds the responsibility of safeguarding digital tokens for various asset managers. This role gains significance if the U.S. Securities and Exchange Commission (SEC) greenlights spot #BitcoinETFs! .
The leadership shuffle at Coinbase Custody aligns with broader industry movements. Barry Silbert's recent resignation from Grayscale's board of directors raises speculation about converting Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF.
The SEC, historically hesitant, faces renewed pressure with increased industry support and a recent court ruling. Heavyweights like BlackRock, Franklin Templeton, and Grayscale Investments, eyeing regulatory approval, intend to use Coinbase Custody for Bitcoin storage.
#Bloomberg ETF analyst Eric Balchunas predicts a positive decision around January 9, potentially triggering trading by January 11. This anticipation has propelled Bitcoin prices to a staggering 160% gain in 2023.
This leadership shift at Coinbase Custody hints at significant developments in the Bitcoin trading landscape.