Reason why Bitcoin halving matters more than people think

[boyptc]

That is why Bitcoin is a deflationary asset compared to fiat which is bound to inflation and an inflationary medium of exchange.

It doesn't require rocket science for one to understand why many are enthusiastic with Bitcoin due to the limited supply and how it's obtained through mining.

The value that it possess is due to how difficult it is to solve the blocks that requires a lot of power through asics and of course on how people trusting it as either store of value, a medium of exchange or an asset.

[Moreno233]

Yet seem not to see reason why it matters more than people think, it's more like the title should be " The halving mechanism which should be adopted by government".

Well regardless it's obvious that governments have a totally different operating process and a system that is meant for centralisation while bitcoin is a system of the direct opposite, so adoption of the halving mechanism which bitcoin uses is not applicable to government or centralisation. far from each other.

The halving system cannot be adopted by politicians and government because it will not allow them practice their corruption and control which is common across politics. They want to continue to enjoy the freedom to print money at will because the system that creating the halving mechanism is transparent and immutable. I'm just tired of people trying to compare Bitcoin and fiat every time because they are not the same and are not created to operate exactly the same way. The fiat system is centralized while Bitcoin is decentralized, that is the difference.

[Fiasem20]

Indeed bitcoin halving is a great event in the crypto industry.The benefits of bitcoin's halving makes the event special and unique to Bitcoin enthusiasts.The government would never adopt a system like bitcoin halving because of their manipulative lifestyle towards the economy, secondly the government wouldn't want to adopt a monetary policy whereby the supply of a traditional currency will be finite, it is said that a finite supply of an asset leads to an increased demand and also considered a deflationary asset.So the halving period is important because it cause a reduced supply and potential price impact,if only the government would adopt this monetary policy then rate of inflation will reduce.

[fuguebtc]

The government would never implement this system so they have control and Bitcoin halving would always be as it gives value on the long run.

The government has implemented similar system in the past. That was the gold standard, remember?

Using a currency with a scarce supply helps the economy avoid inflation, but also causes many disadvantages. For example, this would make it more difficult to manage and regulate the economy. Especially if there is a crisis, a recession and if they are not allowed to print money to stimulate the economy. The result was a prolonged recession, business failures and widespread unemployment as the economy was devastated. Or if the economy falls into a prolonged period of deflation, things will be worse than inflation.

Using a scarce monetary system is not as perfect and good as many people think. This system has its pros and cons, and the cons are more, and that is why the world decided to abandon the gold standard.

The reward halving is great but only beneficial if Bitcoin is used as a hedging asset. But if we use it as the main currency for the national economy, it will cause many problems.

[nemesis_incarnate]

That is why Bitcoin is a deflationary asset compared to fiat which is bound to inflation and an inflationary medium of exchange.

It doesn't require rocket science for one to understand why many are enthusiastic with Bitcoin due to the limited supply and how it's obtained through mining.

The value that it possess is due to how difficult it is to solve the blocks that requires a lot of power through asics and of course on how people trusting it as either store of value, a medium of exchange or an asset.

It's not bound by the rules already in place, BTC goes by its own set of ideals and that's what is truly behind its rise to popularity and adoption.

It lets you choose between tradition and innovation and freedom.

[boyptc]

That is why Bitcoin is a deflationary asset compared to fiat which is bound to inflation and an inflationary medium of exchange.

It doesn't require rocket science for one to understand why many are enthusiastic with Bitcoin due to the limited supply and how it's obtained through mining.

The value that it possess is due to how difficult it is to solve the blocks that requires a lot of power through asics and of course on how people trusting it as either store of value, a medium of exchange or an asset.

It's not bound by the rules already in place, BTC goes by its own set of ideals and that's what is truly behind its rise to popularity and adoption.

It lets you choose between tradition and innovation and freedom.

And that's the decentralization that you have mentioned.

Right, it lets us choose which we're going to be with. All of those factors but it's with the technology and freedom. Tech stocks are also soaring but they can be dumped and more than what Bitcoin can experience.

So, it's best for anyone who likes assets like this that are soaring and it's not too late yet for those who still think that they do.