The halving came and went and I thought: what just happened now?
This was my first halving experience. During these days, I read some posts and comments on Stacker News about this event and, as a new bitcoiner, I also looked for more information about halving.
One of the posts I read on Stacker News was written by @cryotosensei, who described his experience during the halving, and at the end of the post, he asked a question: How was your halving experience? I didn't want to reply to the post itself with a comment, because I thought I'd write two or three lines about my first halving experience, too.
First of all, I would like to say that it was an interesting experience. In a way, I was waiting to see what would happen and how this event would be received in Stacker News. In fact, I saw a lot of enthusiasm from some of the stackers for this event, but on the other hand, I also saw a kind of disinterest or neutrality from some others.
To be honest, I'm still not quite sure what Halvin means in practice. Of course, I read some articles about halving and now I have a kind of idea, which can be summarised as follows:
A bitcoin halving event occurs when the reward for mining bitcoin transactions is halved. Halving reduces the rate at which new coins are created and thus reduces the amount of new supply available.
In practice, however, I cannot understand why some were very enthusiastic about this event, while others were completely neutral. Some even mocked those who were very enthusiastic.
How can this event (halving) affect Bitcoin holders in their everyday lives?
Who can shed some light on this?
So, @cryotosensei, my first halving experience was more like this: Hey guys, what's going on here?