Though the applications and adoption rate have a long way to go if Bitcoin is going to achieve its maximum potential, the third-ever subsidy Halving was an opportunity for Bitcoiners to celebrate its more than 11 years of life. In addition to hosting technical demonstrations[1], discussions with leaders of Bitcoin’s premier Layer 2 protocol[2] and high-level presentations[3], Bitcoin Magazine’s BitcoinHalving.com[4] live stream was a chance to focus on one of the community’s favorite topics: hyperbitcoinization.
Further Reading: What Is The Bitcoin Halving?[5]
Fundamental Bullishness and the Bitcoin Halving
In one of its most lively and extensive sessions, the BitcoinHalving.com live stream was host to “Fundamental Bullishness,” featuring Robert Breedlove[6] of Parallax Digital, Matt D’Souza[7] and Sam Chwarzynski[8] of Blockware Solutions, Plan B[9] and Preston Pysh[10] of the Investor’s Podcast Network. The group was assembled to discuss the specifics around why bitcoin is poised to become one of the most valuable assets in history.
In addition to the Halving, which significantly reduces the subsidy that miners receive for contributing their fundamental efforts to the network, this was a particularly fruitful time to discuss bitcoin’s role in the world economy, as uncertainty abounds in the wake of the novel coronavirus.
“Going into the Halving, the supply side economics improve significantly,” D’Souza explained during the panel. “That’s a positive catalyst. And then just what’s developed over the past three or four months with central bankers, the Federal Reserve, how there’s discretionary, undisciplined spending or manipulation — really the ability to create your own artificial monetary policies. I think these radically impact the demand side.”
Despite (or because of) the turmoil
