Bitcoin is nearing one of its most important milestones: The Halving (or Halvening), an automated event that cuts the monetary reward for mining BTC by 50%. Depending on who you believe, Halvings either cause Bitcoin‘s price to skyrocket, its hash rate to crash, or simply exist as a relatively boring exercise in economic theory. [Read: Gambling on Bitcoin with Trump’s $1,200 corona check was a good bet] Rather than debate whether the market has already “priced in” the next Halving (which should happen sometime early on 12 May 2020), let’s explore why Bitcoin‘s mysteriously absent creator decided Halvings should occur at all. Bitcoin…

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