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Author Topic: [2015-10-04] Video: Bitcoin Adventures in Berlin!  (Read 313 times)
LiteCoinGuy (OP)
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October 04, 2015, 04:51:38 PM
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Bitcoin Adventures in Berlin!

https://www.youtube.com/watch?v=Jo8rQb7GHh8

Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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October 04, 2015, 05:30:29 PM
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I think a lot of people stopped spending Bitcoin, because the price is so low and they know the price will increase in 2016 after the halving, so they would rather hoard it. The

merchants will give up on Bitcoin, if they find that the transactions with Bitcoin as a payment method is too low. Once the price increase after the halving, merchants who have

stopped accepting Bitcoin, will kick their own ass... It's just a bad spending cycle now... It will pick up again.  Grin

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October 05, 2015, 02:13:15 PM
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i buy stuff with btc all the time. i buy 100 USD in BTC and i use it - no problem with little price swings.

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