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’s on the profitability and sustainability of mining.

Quick Reference:00:01:30 - The role of miners within the Bitcoin ecosystem00:04:20 - Beyond ‘magic tokens’, Bitcoin as Timechain00:05:06 - The incentives of mining bitcoin, then and now00:08:53 - How block rewards incentivise growth of the Bitcoin network00:09:53 - The deflationary design of Bitcoin00:11:59 - Bitcoin’s economic model and token economics00:13:51 - 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 BTC00:17:55 - The Bitcoin halvening’s impact on businesses00:18:26 - A likely outcome of the 3 competing Bitcoin chains undergoing halvening 00:24:41 - Post halvening sustainability of mining profits00:32:42 - Price action during previous halvening events on Bitcoin and Litecoin and correlation with next halvening00:36:47 - BSV gameplan to compensate for halvening with transaction fees00:38:06 - Innovating income streams for miners

Like what you see? Hit the subscribe button and click the bell for instant notifications of new posts!

Find Bitstocks online:Instagram: https://www.instagram.com/bitstocks/Facebook: https://www.facebook.com/bitstockslondonTwitter: https://twitter.com/bitstocks_DTube: https://d.tube/#!/c/bitstocksblogWebsite: https://www.bitstocks.com/Spotify: https://open.spotify.com/show/5zphMtWOn4r8Nv6vhw9LC8iTunes: https://itunes.apple.com/gb/podcast/bitstocks-podcast/id1439810872