Eric H. Johnson on 8 Jul 2016 08:34:51 -0700

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Re: [PLUG] Ok.. so anyone going to have a party? ;-)


It is part of the bitcoin strategy for scarcity, a fundamental attribute of any currency. For roughly the first 4 years of bitcoins existence, 50 bitcoins were in each block allocated, and over that time one half of all bitcoins that will ever exist were allocated. At the first halving, the number of bitcoins per allocated block dropped to 25, on Saturday it will drop to 12.5 bitcoins per block at the point where 3/4 of all bitcoins will have been allocated. This reduced "inflation" is expected to result in upward pressure on the price of bitcoins, so a good thing for anyone holding them. Otherwise it is just a normal part of the way bitcoin works.


Not sure I understand the context of a "party" here.
Is the having deemed to be good or bad?

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