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
COMMENT below and let us know what you think of the video. Post your follow-up questions there too!
SUBSCRIBE to this KZread channel and select the bell 🔔 for notifications: / @aantonop
JOIN this KZread channel to become a KZread Community Member and access custom emoji: / @aantonop
BECOME a Community Builder: / aantonop
LEARN from Andreas in one of his popular Workshops which will teach you practical crypto skills. There’s even a FREE Intro to Bitcoin & Open Blockchains to get you started. aantonop.com/workshops-page/ Content is available in English and Spanish (subtitles and written material)
You can also learn from one of aantonop's many books. Andreas has written three technical books for developers about blockchain technology, Mastering Bitcoin, Mastering Ethereum, and Mastering the Lightning Network published by O’Reilly Media. He’s also written The Internet of Money Series books, which explain why bitcoin, ethereum, and open blockchains matter.
About aantonop: Andreas isn't promoting a company or an organization; he's paid by the community (people who support this work on Patreon and KZread) and provides an unbiased look at open blockchain technologies, what they can do for our societies, and how to get involved. Learn more at aantonop.com
From Andreas: You may already know that my mission is to educate as many people as possible about #Bitcoin and open blockchain technologies. Watching these videos and sharing them with others is a big part of that. Thank you for being part of this mission.
**Learn More From Andreas’ Workshops, Books & Events*
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Thanks for watching, sharing, and subscribing!

Пікірлер: 242

  • @nanookrubsit
    @nanookrubsit2 ай бұрын

    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

    @deulavremotsuk3563

    2 ай бұрын

    I did this, too. Thought it was at 1.25 at first. Andreas Auctioneer Antonopoulos.

  • @TheThejaketucker

    @TheThejaketucker

    2 ай бұрын

    Real talk

  • @ryand3rson

    @ryand3rson

    2 ай бұрын

    True haha

  • @CreepToeJoe

    @CreepToeJoe

    2 ай бұрын

    I did exactly the same! 😅😅

  • @wyattorangeblock7644

    @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!)

  • @BtcBroccoli
    @BtcBroccoli2 ай бұрын

    How does this not have a billion views yet?! Quality content right here

  • @arleendo

    @arleendo

    2 ай бұрын

    that's andreas for u

  • @PizzaCologne3

    @PizzaCologne3

    2 ай бұрын

    because people are sheeps to their dollar systems

  • @alsalc55

    @alsalc55

    2 ай бұрын

    move the decimal point n times and there will be... [giggle]

  • @BITC0IN
    @BITC0IN2 ай бұрын

    Happy Halving 🥳

  • @adiintel1

    @adiintel1

    2 ай бұрын

    Happy halving Bitcoin 😅

  • @5dollarshake263
    @5dollarshake2632 ай бұрын

    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

    @formetoknow540

    2 ай бұрын

    What year weas this

  • @heyjeySigma

    @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

    @AlexofCharmCity

    2 ай бұрын

    @@formetoknow540 2014

  • @Baileycox153
    @Baileycox153Ай бұрын

    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

    @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

    @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

    @Stlmyth

    Ай бұрын

    I like her core analysis, one of the best..

  • @numberjuan297
    @numberjuan2972 ай бұрын

    Andreas you're the reason I got into Bitcoin and you've taught me everything thank you!

  • @Duceydoescrypto
    @Duceydoescrypto2 ай бұрын

    Huge fan of your work. Thank you for your continued efforts in educating the world. You are truly appreciated by many. ❤

  • @kbs7340
    @kbs73402 ай бұрын

    Great to see you Andreas. We love you Bud 💖🎉👍

  • @tomsenn88
    @tomsenn882 ай бұрын

    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!

  • @bolloxology76
    @bolloxology762 ай бұрын

    I did your unic course a few years back. Highly recommended. Great to see you so prominent, well deserved.

  • @KotoriOnWheels
    @KotoriOnWheels2 ай бұрын

    I love you, Andreas. You've had a very large impact on my life. Thank you! ❤

  • @yes2crypto
    @yes2crypto2 ай бұрын

    Super helpful, as always! I’m so glad our industry has you as a resource and leader of sorts

  • @simrans3675
    @simrans36752 ай бұрын

    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!

  • @ageroagn1068
    @ageroagn10682 ай бұрын

    Didn't expect that end. Thanks for sharing your mind is such a clear manner.

  • @glennmcconell7055
    @glennmcconell70552 ай бұрын

    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.

  • @SlackHoffman
    @SlackHoffman2 ай бұрын

    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 ☀️

  • @johnrombold6250
    @johnrombold62502 ай бұрын

    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! 👍🏻👍🏻

  • @RealRahman75
    @RealRahman75Ай бұрын

    You are one of the greatests in teaching ordinary people about Bitcoin. My salute and respect to you!

  • @marlon82mc
    @marlon82mc2 ай бұрын

    Thank you, Sir, for all you've done for Bitcoin! You are a legendary educator.

  • @kschieck
    @kschieck2 ай бұрын

    Thanks Aantop, you're a legend

  • @prochay
    @prochay2 ай бұрын

    Thanks for all the valuable information you provide.

  • @johngammon963
    @johngammon9632 ай бұрын

    Thanks for everything you've done to help people 🙂 👍 🙏 😊

  • @ce11u1e
    @ce11u1eАй бұрын

    There's not enough thank you in the world to thank you enough for your work. Thank you :D

  • @cheebug
    @cheebug2 ай бұрын

    Thanks for the halving breakdown!

  • @bujiba
    @bujiba2 ай бұрын

    Thank you. I appreciate your content a lot, even though it's sparse nowadays. Looking forward to the next one.

  • @kelperbelcher
    @kelperbelcherАй бұрын

    Hi Andreas, always a pleasure watching your videos, following you since 2016

  • @lesteredwards1891
    @lesteredwards189110 күн бұрын

    Your explanation is excellent as usual. Many thanks to you Andreas, for educating us for many years!

  • @damianzelazny5785
    @damianzelazny57852 ай бұрын

    Great to see you back Andreas!!!

  • @DigitalAssetNews
    @DigitalAssetNews2 ай бұрын

    Thank you Andreas. You are a legend.

  • @jalanreadman
    @jalanreadman2 ай бұрын

    Beautifully performed thank you. 🙏

  • @wandilemenare675
    @wandilemenare675Ай бұрын

    Your channel is important in times like this 👍🏿

  • @ometaxas
    @ometaxas2 ай бұрын

    Such good information here. Thank you.

  • @allisone8
    @allisone82 ай бұрын

    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.

  • @patrickgerona1
    @patrickgerona12 ай бұрын

    Great to see you again Anton...been a while

  • @mbcaqp
    @mbcaqp2 ай бұрын

    Andreas you are a unique human being, thank you for educating me all along my bitcoin journey since 2020. GOAT

  • @justinclark7883
    @justinclark78832 ай бұрын

    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 🤩

  • @superbeingintraining1970
    @superbeingintraining1970Ай бұрын

    Thank you this was very helpful!

  • @PizzaCologne3
    @PizzaCologne32 ай бұрын

    amazing content, thanks for the debunks, now I gotta go pack for the rapture halving.

  • @user-pw2gz3wt2s
    @user-pw2gz3wt2s2 ай бұрын

    Thanks as always Andreas!

  • @ThinkForYourself007
    @ThinkForYourself0072 ай бұрын

    Outstanding, as always!

  • @ikust007
    @ikust0072 ай бұрын

    Toujours exceptionnel. Merci

  • @Bluecoala77
    @Bluecoala772 ай бұрын

    i was watching you 10y ago, your the best

  • @DimiArhontidis
    @DimiArhontidis2 ай бұрын

    Whoa!! Nice to see you Andrea!

  • @TedAlexandro
    @TedAlexandro2 ай бұрын

    Thank you, Andreas! You have been essential to my bitcoin education.

  • @schweppesyt
    @schweppesytАй бұрын

    HUGE THANKS Andreas for all your dedication and the clear/simple way you convey the messages (respect)

  • Ай бұрын

    I appreciate your updates Andreas, thank you so much for your service sir

  • @p0ln
    @p0ln2 ай бұрын

    nice, concise, good job

  • @Gamezrodolfo77
    @Gamezrodolfo7724 күн бұрын

    I like that you are realistic. Thanks for the info. 🙏🏼

  • @Adriano-wg2em
    @Adriano-wg2em2 ай бұрын

    best OG in Bitcoin education.

  • @mares81
    @mares812 ай бұрын

    R u talking in 2x speed?

  • @maartenarnou

    @maartenarnou

    2 ай бұрын

    Sounds about 1,25x to me. But yes, sounds like it's sped up

  • @SerSleepy

    @SerSleepy

    2 ай бұрын

    @@maartenarnouthat’s how he talks 🤣 I’m grateful for it

  • @angelplam

    @angelplam

    2 ай бұрын

    I also double checked my KZread settings if it’s 2x 😀

  • @altezzaboi9845

    @altezzaboi9845

    Ай бұрын

    Sounds normal when you change it to .75x don’t know why he did that it’s weird

  • @thomaslohbeck

    @thomaslohbeck

    Ай бұрын

    There will be a halving in his speech speed soon. 😂

  • @th4fl4sh4
    @th4fl4sh42 ай бұрын

    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 😊

  • @Appleloucious
    @Appleloucious2 ай бұрын

    One Love! Always forward, never ever backward!! ☀☀☀ 💚💛❤ 🙏🏿🙏🙏🏼

  • @domkaz1669
    @domkaz16692 ай бұрын

    Missed you, Andreas, you are the GOAT!

  • @manueligg
    @manueliggАй бұрын

    love this kind of videos

  • @farhadturabi5354
    @farhadturabi53542 ай бұрын

    Happy Halving Day!!

  • @GEOPOLITICALANALYSIS
    @GEOPOLITICALANALYSISАй бұрын

    Much love from Hellas!!! My dear Cypriot!

  • @organic723
    @organic7232 ай бұрын

    THANK YOU AGAIN!!

  • @bitcoinpoemspro1406
    @bitcoinpoemspro14062 ай бұрын

    Thanks, Andreas

  • @ranjitchakravarty604
    @ranjitchakravarty604Ай бұрын

    The best mind to speak about this topic

  • @cryptoemcee
    @cryptoemcee2 ай бұрын

    Thanks, Andreas.

  • @stereodachs
    @stereodachs2 ай бұрын

    Thank you legend 🧡

  • @bitcoinascent6199
    @bitcoinascent61992 ай бұрын

    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.

  • @C_Melvyn_James
    @C_Melvyn_James2 ай бұрын

    Andreas the OG

  • @hercules8879
    @hercules88792 ай бұрын

    Great content

  • @Stacksats21Qunitillion
    @Stacksats21Qunitillion2 ай бұрын

    Thanks Andreas

  • @kristiankho9467
    @kristiankho94672 ай бұрын

    WAKE UP! new aantonop video just dropped.

  • @dr.k.math.777
    @dr.k.math.7772 ай бұрын

    One of the greatest minds ever

  • @bradallen1832
    @bradallen1832Ай бұрын

    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

    @didactica9326

    Ай бұрын

    Wth did you just say besides bragging about yourself 😂

  • @deulavremotsuk3563
    @deulavremotsuk35632 ай бұрын

    Andreas "Auctioneer" Antonopoulos. 😂 Great video.

  • @timkopp9763
    @timkopp97632 ай бұрын

    Can you explain the (after 4 weeks) “difficulty adjustment” you mentioned in more detail

  • @Shaqir
    @Shaqir2 ай бұрын

    We all love Andre!!! ❤

  • @bshafiee
    @bshafieeАй бұрын

    Yes sir, the legend!

  • @ConstructionRatesUK
    @ConstructionRatesUK2 ай бұрын

    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.

  • @maxthegamer
    @maxthegamer2 ай бұрын

    I know exactly what will happen on the halvening day. I will crack open a cold one.

  • @soniferous

    @soniferous

    2 ай бұрын

    And I'll join you in spirit!

  • @AntoniusMondong
    @AntoniusMondong2 ай бұрын

    Andreas, you are the OG of bitcoin educator. It would be really special if you could do a podcast together with Michael Saylor!

  • @jeffreysbrother
    @jeffreysbrother2 ай бұрын

    In programming, there are certainly languages that are one-indexed. (regarding your comment on the off-by-one error @13:01)

  • @WillTheFifth
    @WillTheFifth2 ай бұрын

    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....

  • @fredericjollien282
    @fredericjollien282Ай бұрын

    12 years of teaching Bitcoin online... still no mic :D Kidding Andreas, great job !

  • @sofakingsmawsome718
    @sofakingsmawsome7182 ай бұрын

    Great video!!! BTC!!!

  • @dukequack6209
    @dukequack62092 ай бұрын

    Andreas always has a different style whenever he drops a new video 😅❤

  • @DavidRabahy
    @DavidRabahy2 ай бұрын

    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.

  • @chalokesambandaraksa7367
    @chalokesambandaraksa7367Ай бұрын

    Kool. He explains the name "Right Shift"

  • @BitcoinAndCryptoCurrency
    @BitcoinAndCryptoCurrency2 ай бұрын

    good video, informative

  • @baltakatei
    @baltakatei2 ай бұрын

    05:05 ... unless different consensus rules are adopted by every node operator, merchant, and miner. But that caveät applies to every aspect of Bitcoin.

  • @AbdulHamid-gp3ps
    @AbdulHamid-gp3psАй бұрын

    Thx

  • @Happytruth
    @Happytruth2 ай бұрын

    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.

  • @waynesagich
    @waynesagichАй бұрын

    thanx

  • @nubbles162
    @nubbles1622 ай бұрын

    0.12 AUD kwh is the going rate with local providers here in oz.

  • @dkcb7
    @dkcb72 ай бұрын

    I have a lucky miner and will keep it on 😊

  • @Jaesango
    @Jaesango2 ай бұрын

    The GOAT is back

  • @PremaDelpi
    @PremaDelpiАй бұрын

    What a legend

  • @yosoftballgirl4ever
    @yosoftballgirl4everАй бұрын

    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

    @weedylock

    Ай бұрын

    the video is sped up :D he doesnt talk like that in real life :D

  • @yosoftballgirl4ever

    @yosoftballgirl4ever

    Ай бұрын

    @@weedylock lmao Aw

  • @kabronero
    @kabronero2 ай бұрын

    Less Michael Saylor, more Andreas Antonopoulos!

  • @MikeCharles81

    @MikeCharles81

    Ай бұрын

    🔥🔥🔥

  • @SwitchWhisperer
    @SwitchWhisperer2 ай бұрын

    Truest OG ❤

  • @asamcclellan2721
    @asamcclellan27212 ай бұрын

    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.

  • @andysurfer318
    @andysurfer3182 ай бұрын

    Cheers AA

  • @crash936
    @crash9362 ай бұрын

    Woo he's alive.

  • @EJB93
    @EJB932 ай бұрын

    i just realized andreas' logo is his hairline lol what a legend

  • @didactica9326

    @didactica9326

    Ай бұрын

    Holy Jesus you are correct!! 😂

  • @alexmanga4897
    @alexmanga48972 ай бұрын

    Professor 👍

  • @MarbewRecords
    @MarbewRecords2 ай бұрын

    0.75 speed it's the real Andreas

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