Bitcoin Halving 2024: How It's Different This Time, Myths Debunked, Bitcoin Bugs, and More
Ғылым және технология
In this video, recorded on April 14, 2024, during a patron livestream Q&A session, Andreas explains how the halving works, debunks popular halving myths, and discusses how this halving is different from the rest.
Note from team aantonop: OOPS - we sped up the video in post-production a bit too much. But it's too late to fix and repost it now - we're glad some of you are learning how to slow down video speed - another bonus of aantonop videos? Seriously, we won't make that mistake again. Sorry everyone!
00:00 Hello and Welcome to Halving 2024
00:22 What is the halving?
00:43 Four previous halvings: 2009, 2012, 2016, 2020
01:43 Myths and facts
02:00 Bitcoin does not exist as a unit of measure
02:17 Integers - Level up your bitcoin knowledge
02:46 What happens during the halving?
03:23 Can there be fractions of a satoshi?
04:00 Bitcoin Trivia - a bug?
05:18 Frenzy of Speculation: price, network destruction, etc
05:41 Story 1: Bitcoin Death Spiral (Doomsday Myth) - clickbait nightmare
07:07 Stories about the eclipse
08:06 Why the Bitcoin Death Spiral doesn't make sense
09:05 What if half of the miners disappear?
09:32 Story 2: Economic Story (Optimistic Myth?)
10:28 Will the price go up soon after the halving?
11:07 What is different with this halving?
11:45 Why do different halving countdown clocks have different times?
12:44 Another bug in bitcoin? Shhhhh
13:45 aantonop's prediction for this halving
14:26 Learn more about Andreas and supporting this work
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Пікірлер: 242
You're quite special. you made me understand bitcoin years ago, now you made me set playback speed to 0.75 for the first time ever.
@deulavremotsuk3563
2 ай бұрын
I did this, too. Thought it was at 1.25 at first. Andreas Auctioneer Antonopoulos.
@TheThejaketucker
2 ай бұрын
Real talk
@ryand3rson
2 ай бұрын
True haha
@CreepToeJoe
2 ай бұрын
I did exactly the same! 😅😅
@wyattorangeblock7644
2 ай бұрын
Wow. Just did this and it just translated him into a normal person speaking. This is awesome! (I’m joking, I love Andreas‘ content and all he did!)
How does this not have a billion views yet?! Quality content right here
@arleendo
2 ай бұрын
that's andreas for u
@PizzaCologne3
2 ай бұрын
because people are sheeps to their dollar systems
@alsalc55
2 ай бұрын
move the decimal point n times and there will be... [giggle]
Happy Halving 🥳
@adiintel1
2 ай бұрын
Happy halving Bitcoin 😅
I still remember the first time I ever heard of bitcoin and it was from when Andreas was on Joe Rogan's podcast and I was SOOOOOOOO convinced and interested that I was so close to buying an entire coin after that episode. The price was 13k Canadian at the time(if I remember correctly) but I only had 10k that I could afford to spend but stupid me didn't end up buying any bitcoin because I didn't have enough for a whole coin. That's a regret I'll never forget. Luckily I eventually realized 99% of people don't buy entire coins at once and they stack sats over time.
@formetoknow540
2 ай бұрын
What year weas this
@heyjeySigma
2 ай бұрын
@@formetoknow540 btc fell as low as like... 3000-4000 bucks around 2018 or so. i remember seeing that on the live charts and i was thinking thats IT... btc is truly dead lol
@AlexofCharmCity
2 ай бұрын
@@formetoknow540 2014
Thanks for the update, keep up the good work.< Learned a lot from my market journey, especially the importance of living within one's means. With Flora Elkin’s guidance, my nest egg has grown to a 7-figure sum. My advice - get an analyst for better financial trade decisions and peace of mind
@reyescook267
Ай бұрын
I've just looked up her full name on my browser and found her webpage without sweat, very much appreciate this
@Ortizroa
Ай бұрын
Thanks to her insightful and forward-thinking market research, she is a trusted resource for traders trying to stay ahead in the hectic world of finance....
@Stlmyth
Ай бұрын
I like her core analysis, one of the best..
Andreas you're the reason I got into Bitcoin and you've taught me everything thank you!
Huge fan of your work. Thank you for your continued efforts in educating the world. You are truly appreciated by many. ❤
Great to see you Andreas. We love you Bud 💖🎉👍
Love all of your content. I remember going to see you at the Music Box Theatre in Chicago. Thank you for all your education videos and content!
I did your unic course a few years back. Highly recommended. Great to see you so prominent, well deserved.
I love you, Andreas. You've had a very large impact on my life. Thank you! ❤
Super helpful, as always! I’m so glad our industry has you as a resource and leader of sorts
A privilege to watch your video and see you tweet on X today - joined last cycle and had heard about you a lot :-). Appreciate the video!
Didn't expect that end. Thanks for sharing your mind is such a clear manner.
Awesome as always. An OG true believer. Love the dry humour too. It was after watching your intro to bitcoin video back in 2017 that I first jumped in and bought some bitcoin. Thank you very much.
Andreas, one of the worlds greatest minds 🧠🧐. I was honoured to meet you in London some years ago 🤘. Thanks 🙏 for all you provide for the space ☀️
Hey!! You’re back!!! Love it! Thanks a lot!!! You taught me everything I needed to know to became a permabull back in the day! Thanks for that and this! 👍🏻👍🏻
You are one of the greatests in teaching ordinary people about Bitcoin. My salute and respect to you!
Thank you, Sir, for all you've done for Bitcoin! You are a legendary educator.
Thanks Aantop, you're a legend
Thanks for all the valuable information you provide.
Thanks for everything you've done to help people 🙂 👍 🙏 😊
There's not enough thank you in the world to thank you enough for your work. Thank you :D
Thanks for the halving breakdown!
Thank you. I appreciate your content a lot, even though it's sparse nowadays. Looking forward to the next one.
Hi Andreas, always a pleasure watching your videos, following you since 2016
Your explanation is excellent as usual. Many thanks to you Andreas, for educating us for many years!
Great to see you back Andreas!!!
Thank you Andreas. You are a legend.
Beautifully performed thank you. 🙏
Your channel is important in times like this 👍🏿
Such good information here. Thank you.
I remember you personally helped me Andreas get my first bitcoin in Toronto at the debit machine you guys had at that house on Spadina st. I also remember meeting Vitalik that day.
Great to see you again Anton...been a while
Andreas you are a unique human being, thank you for educating me all along my bitcoin journey since 2020. GOAT
Early Patriot of your movement (and former UNIC MOOC student…) It’s just brilliant to see you continue to educate on Bitcoin. Bless you Andreas 🤩
Thank you this was very helpful!
amazing content, thanks for the debunks, now I gotta go pack for the rapture halving.
Thanks as always Andreas!
Outstanding, as always!
Toujours exceptionnel. Merci
i was watching you 10y ago, your the best
Whoa!! Nice to see you Andrea!
Thank you, Andreas! You have been essential to my bitcoin education.
HUGE THANKS Andreas for all your dedication and the clear/simple way you convey the messages (respect)
I appreciate your updates Andreas, thank you so much for your service sir
nice, concise, good job
I like that you are realistic. Thanks for the info. 🙏🏼
best OG in Bitcoin education.
R u talking in 2x speed?
@maartenarnou
2 ай бұрын
Sounds about 1,25x to me. But yes, sounds like it's sped up
@SerSleepy
2 ай бұрын
@@maartenarnouthat’s how he talks 🤣 I’m grateful for it
@angelplam
2 ай бұрын
I also double checked my KZread settings if it’s 2x 😀
@altezzaboi9845
Ай бұрын
Sounds normal when you change it to .75x don’t know why he did that it’s weird
@thomaslohbeck
Ай бұрын
There will be a halving in his speech speed soon. 😂
Grateful for your videos. Can you tell us why the difficulty adjustment is after so many blocks? Why not adjust after let’s say 100 blocks? Hope you can shed some light. Thanks 😊
One Love! Always forward, never ever backward!! ☀☀☀ 💚💛❤ 🙏🏿🙏🙏🏼
Missed you, Andreas, you are the GOAT!
love this kind of videos
Happy Halving Day!!
Much love from Hellas!!! My dear Cypriot!
THANK YOU AGAIN!!
Thanks, Andreas
The best mind to speak about this topic
Thanks, Andreas.
Thank you legend 🧡
Great video! But you had an "off by one" error. Because the first block is block 0, the first block with a subsidy of 3.125 will block 840,000 not 840,001.
Andreas the OG
Great content
Thanks Andreas
WAKE UP! new aantonop video just dropped.
One of the greatest minds ever
Thanks for this. I've since stopped following your non-technical opinions since I think they're wrong, but your technical opinions continue to be spot on, and I can trust those technical opinions almost completely. Also, I know about 70% as much as you do (maybe less, probably more) about this since I also used Bitcoin at the beginning (well, within days of it), so I can sit here and predict the end of every sentence you say where I know the answer, and you always say the same thing, so I know you're almost surely not lying about the technicals.
@didactica9326
Ай бұрын
Wth did you just say besides bragging about yourself 😂
Andreas "Auctioneer" Antonopoulos. 😂 Great video.
Can you explain the (after 4 weeks) “difficulty adjustment” you mentioned in more detail
We all love Andre!!! ❤
Yes sir, the legend!
As always, more power to you for exchanging Pure Empathy via Immutable Truth. There's an echo there, you are exactly reflecting Bitcoin, a Human Construct that Exchanges Pure Empathy via Immutable Truth. As I said, more power to you, within the framework of Bitcoin that restrains you too. Much love dude.
I know exactly what will happen on the halvening day. I will crack open a cold one.
@soniferous
2 ай бұрын
And I'll join you in spirit!
Andreas, you are the OG of bitcoin educator. It would be really special if you could do a podcast together with Michael Saylor!
In programming, there are certainly languages that are one-indexed. (regarding your comment on the off-by-one error @13:01)
Commenting on video to help with engagement algorithim, but I have a lot of interest in learning specifics of mining: hashing, difficulty, solos vs pools, why your likelihood to solve a block is entirely based on your personal hash compared to the entire system hash, how does a solo score a block vs someone in a pool, is there "luck" involved and how does that work, are miners hashing the exact same nonce/solutions as other miners, or is that variable? I probably have more questions....
12 years of teaching Bitcoin online... still no mic :D Kidding Andreas, great job !
Great video!!! BTC!!!
Andreas always has a different style whenever he drops a new video 😅❤
417*2016-4*210000=672. There will be 672 blocks after the halving until the next difficulty adjustment. 625*2016-6*210000=0. There will be a full 2016 blocks until the next difficulty adjustment after that halving.
Kool. He explains the name "Right Shift"
good video, informative
05:05 ... unless different consensus rules are adopted by every node operator, merchant, and miner. But that caveät applies to every aspect of Bitcoin.
Thx
Since 2016 halvening I’ve alway bought a little BTC before the halvening and a bit after the halvening just to be part of this historic event.
thanx
0.12 AUD kwh is the going rate with local providers here in oz.
I have a lucky miner and will keep it on 😊
The GOAT is back
What a legend
I talk fast and people always ask me to slow down or repeat what I said, when I listen to other people I’m like ‘come on man spit it out’, I love that you talk fast my brain listening to this was like yesss
@weedylock
Ай бұрын
the video is sped up :D he doesnt talk like that in real life :D
@yosoftballgirl4ever
Ай бұрын
@@weedylock lmao Aw
Less Michael Saylor, more Andreas Antonopoulos!
@MikeCharles81
Ай бұрын
🔥🔥🔥
Truest OG ❤
9:30 Halving rewards doesn’t represent a 50% drop in supply, just a 50% drop in NEW supply. Yes, it’s true that the total amount of Bitcoin getting reduced would warrant a proportionate increase in price, but that’s not been the reason for the double or more price increases following a halving. It’s more than likely bulk buying to support the profitability of the mining efforts facing the reduction in subsidy.
Cheers AA
Woo he's alive.
i just realized andreas' logo is his hairline lol what a legend
@didactica9326
Ай бұрын
Holy Jesus you are correct!! 😂
Professor 👍
0.75 speed it's the real Andreas