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Bitcoin Q&A: What is the Halvening?

What is the Halvening and why does it happen every four years? What will be the long-term trends in Bitcoin as the block reward gets smaller? Is the Halvening important in terms of the market activity? If you would like to see a countdown to the next Halvening, check out the Bitcoin clock: https://www.bitcoinclock.com/ Chapters 0:00 Why the sudden halving every four years? 3:28 Why was it not designed a different way? 4:10 What will be the trend in the Bitcoin ecosystem as the block reward becomes smaller? These questions are from the October and November monthly subscriber Q&A sessions, which took place on October 27th and November 17th 2018, respectively. If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron:   / aantonop   RELATED: Consensus Algorithms, Blockchain Technology, and Bitcoin -    • Consensus Algorithms, Blockchain Tech...   Advanced Bitcoin Scripting Part 1: Transactions and Multisig -    • Advanced Bitcoin Scripting -- Part 1:...   Advanced Bitcoin Scripting Part 2: SegWit, Consensus, and Trustware -    • Advanced Bitcoin Scripting -- Part 2:...   What is Consensus: Rules without Rulers -    • What is Consensus: Rules without Rulers   Forkology: A Study of Forks for Newbies -    • Forkology: A Study of Forks for Newbies   Bitcoin: Where the Laws of Mathematics Prevail -    • Bitcoin: Where the Laws of Mathematic...   What will Bitcoin 1.0 look like? -    • Bitcoin Q&A: What will Bitcoin Core 1...   The mining process -    • Bitcoin Q&A: The Mining Process   Genesis block and coinbase transactions -    • Bitcoin Q&A: Genesis Block and Coinba...   The rules of Bitcoin (part 1) -    • Bitcoin Q&A: The Rules of Bitcoin (Pa...   The rules of Bitcoin (part 2) -    • Bitcoin Q&A: The Rules of Bitcoin (pa...   Decentralized power, leaderless governance -    • Bitcoin Q&A: Decentralized Power, Lea...   Scaling, trust, and trade-offs -    • Bitcoin Q&A: Scaling, Trust, and Trad...   Why running a node is important -    • Bitcoin Q&A: Why Running a Node is Im...   Honest nodes and consensus -    • Bitcoin Q&A: Honest Nodes and Consensus   Do "crypto-banks" threaten hard money? -    • Bitcoin Q&A: Do "crypto-banks" Threat...   Running nodes and payment channels -    • Bitcoin Q&A: Running Nodes and Paymen...   What happens during a fork? -    • Bitcoin Q&A: What Happens During a Fork?   Empty blocks, orphan blocks, and valid chains -    • Bitcoin Q&A: Empty Blocks, Orphan Blo...   SegWit adoption -    • Bitcoin Q&A: SegWit Adoption   How do mnemonic seeds work? -    • Bitcoin Q&A: How Do Mnemonic Seeds Work?   Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin. Follow on Twitter: @aantonop   / aantonop   Website: https://antonopoulos.com/ He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters. Subscribe to the channel to learn more about Bitcoin & open blockchains; click on the red bell to enable notifications about new videos! MASTERING BITCOIN, 2nd Edition: https://amzn.to/2xcdsY9 Translations of MASTERING BITCOIN: https://bitcoinbook.info/translations... THE INTERNET OF MONEY, v1: https://amzn.to/2ykmXFs THE INTERNET OF MONEY, v2: https://amzn.to/2IIG5BJ Translations of THE INTERNET OF MONEY: Spanish, 'Internet del Dinero' (v1) - https://amzn.to/2yoaTTq French, 'L'internet de l'argent' (v1) - https://www.amazon.fr/Linternet-large... Russian, 'Интернет денег' (v1) - https://www.olbuss.ru/catalog/ekonomi... Vietnamese, 'Internet Của Tiền Tệ' (v1) - https://alphabooks.vn/khi-tien-len-mang MASTERING ETHEREUM (Q4): https://amzn.to/2xdxmlK Music: "Unbounded" by Orfan (  / orfan  ) Outro Graphics: Phneep (http://www.phneep.com/) Outro Art: Rock Barcellos (http://www.rockincomics.com.br/) Join the aantonop Channel: https://aantonop.io/joinaantonopyt