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Bitcoin (BTC), Bitcoin SV (BSV) and Bitcoin Cash (BCH) will all be undergoing a block reward halvening within the next 6 months.
Bitstocks Relationship Manager, Antonio Shillingford, and CTO, David Arakelian break down the role of Bitcoin miners, the purpose of block rewards for incentivising network growth, the impact of previous halvening events, and the projected impact of the 2020 halvening on the profitability and sustainability of mining.
Discussion points include:
00:01:30 - The role of miners within the Bitcoin ecosystem
00:04:20 - Beyond ‘magic tokens’, Bitcoin as Timechain
00:05:06 - The incentives of mining bitcoin, then and now
00:08:53 - How block rewards incentivise growth of the Bitcoin network
00:09:53 - The deflationary design of Bitcoin
00:11:59 - Bitcoin’s economic model and token economics
00:13:51 - Why it’s illogical to bank on BTC price increase at halvening.
00:14:13 - What human nature (and history) predicts for the halvening’s impact on BTC
00:17:55 - The Bitcoin halvening’s impact on businesses
00:18:26 - A likely outcome of the 3 competing Bitcoin chains undergoing halvening
00:24:41 - Post halvening sustainability of mining profits
00:32:42 - Price action during previous halvening events on Bitcoin and Litecoin and correlation with next halvening
00:36:47 - BSV gameplan to compensate for halvening with transaction fees
00:38:06 - Innovating income streams for miners
