It’s an important occasion, marking the next step in bitcoin’s inevitable march to becoming not only the hardest money ever, but the first instantiation of objectively verifiable absolute scarcity that humanity has ever engaged with.
If demand remains constant, and supply is cut, there should be upwards pressure on price. Happy days!
But this is not the only story here.
Put another way, bitcoin may indeed be accelerating human evolution.
But what is it about interacting with bitcoin that inspires such changes? Tough question. But it seems that as we engage with it, and the more we understand it, the more we begin to realize what it represents.
Is it just because we are interacting with the concepts of scarcity, trust, immutability, freedom, security etc. in a way we never have before?
Perhaps.
What kind of affect should we expect from encountering absolute scarcity for the first time?
I guess it’s to say that the missing half of the ‘halving story’, is us!
I guess I’m just asking, if this revolution isn’t about changing how we can and desire to act and interact, then what is it about?
The 3rd epoch was fun, but nothing compared to what the 4th epoch will be, and who we will necessarily become to meet the challenges and opportunities which it represents.
Strap in Bitcoiners, and Happy Halving!
LET’S GOOOOOOOO!