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Bitcoin halving is an event that occurs approximately every four years in the Bitcoin network. It is programmed into the Bitcoin protocol and is designed to reduce the rate at which new Bitcoins are created.
Bitcoin operates on a deflationary monetary policy, meaning that the total supply of Bitcoin is limited. There will only ever be 21 million Bitcoins in existence. Unlike traditional fiat currencies that can be printed by central banks, Bitcoin has a predetermined issuance schedule.
During a Bitcoin halving event, the number of new Bitcoins created as a block reward for miners is cut in half. In the early days of Bitcoin, the block reward was 50 Bitcoins. The first halving in 2012 reduced it to 25 Bitcoins, the second halving in 2016 reduced it to 12.5 Bitcoins, and the third halving occurred in May 2020, reducing the reward to 6.25 Bitcoins.
The halving is a mechanism built into the Bitcoin protocol to control the rate of inflation and maintain scarcity. By reducing the supply of new Bitcoins entering circulation, it creates a level of scarcity that is expected to drive up the price, assuming demand remains constant or increases.
Bitcoin halving events are significant for the Bitcoin community and are often accompanied by increased media attention and speculation about the impact on the price. The reduced block rewards also affect the profitability and incentives for Bitcoin miners, as they receive fewer Bitcoins for their mining efforts.
#bitcoin #BTC #Bitcoin2023 #bitcoinmining #halving #supply #demand

On a warm summers night…
A ghostly boy and his imaginairy friends had a play party…
But the nasty M&SU would have nothing of it “Be quiet!”, they shouted.
“Boring!” the kid replied, and so the lines were drawn to duke it out over this turf.
ROUND ONE :
Both crews dragged their feet, until Ironsides told the Stitched to bring it to little effect. Meanwhile Langston saw an opening and charged Chompy beating him down to one health.
But the Dreamer was on it, he’d already summoned an Insidious Madness, who now let it’s Disembodied Voices be heard, and Langston found it impossible to concentrate with Distracted +2. Teddy charged Ironsides back, but only managed to scratch, taking an uppercut in return, but Candy came to his rescue and filled him up with goodies to make him Fast for round two.
Nasty bully Howard, picks on poor Chompy, while Teddy defends Candy against Ironsides.
The game is on with a surprising hard-hitting brutality from the steamfitters.
ROUND TWO :
Hit the Dreamer right in the gut. To save Chompy, he’d have to win initiative, and of course the Black Joker spoiled and Ironsides laughed. If only Langston hadn’t had Distracted +2…
So Amina had Langston vent his steam instead, but Serena moved in and started healing Chompy and by the end of the round he was fit for fight. Langston not so much, but he killed a Daydream.
The Dreamer dreamt up yet another Insidious, so now there were two. A gunsmith killed off the Stitched and put some wounds on Teddy, before getting eaten by Mr. Fluffy himself, but Ironsides finished the bear off off with a 7ht. Uppercut.
SCORE : M&SU 2 (Strat + Hidden Martyr) vs Nightmare 1 (Strat)
Nasty man Howard presses on, squashing poor Dreamers’s Daydream. As Ironsides beats up Teddy.
Locked in deadly melee for who’s to own the nights of Malifaux.
ROUND THREE :
Dreamer savagely tore Langstons mind apart. The two Insidious gulped up both the gunsmith and the steamfitter - despite the steamfitter doing his best setting them on fire. While Ironsides managed to land a few good punches on Candy.
SCORE : M&SU 2 vs Nightmare 1
With the bully Howard down, the nightmares descend on Toni.
It’s looking bleak for the M&SU. Three models left vs. seven nightmares and a dash of woe.
ROUND FOUR :
Serena flicked a switch and was slingshot up the board for a third. Meanwhile Ironsides refused to give up the center, but the Foreman was close to running out of Breath now.
SCORE : M&SU 2 vs Nightmare 3 (Assassinate + Strat).
“You killed my Teddy, prepare to DIE!” - the kid shouted.
Serena goes for the points, while the rest concentrate on beating up the head anarchist.
ROUND FIVE :
The result was pretty much a given. Ironsides would die. Mouse would likely survive his martyrium, and the Nightmares would finally be able to put down a scheme marker to leave their mark in the centre.
FINAL SCORE : M&SU 3 (Hidden Martyr) vs Nightmare 6 (Strat, Asssassinate + Leave Your Mark.
-
AFTERMATH M&SU :
A dirty, messy game. The M&SU forgot their battle plan, and just lunged in head over heels, and the gamble was soooo close to paying off. When Howard heaved Chompy into double hazardous terrain, I thought he was a goner. If only Amina had given him Fast, if only Insidious Madnesses’ Disembodied Voices weren’t so horrible, if, if, if… Lesson learned - control your bloodlust.
MVPs : Toni+Mouse, her ability to shrug off damage, Mouse’s healing +flips. Saved me from my own poor strategy. And punching a Teddy for 7ht is EPIC!
LVP : Going forward, I’ll probably ditch Amina for Fitz or something. She’s nice and gives Howard an edge, but… Once he’s down or just run away from her, she haven’t got much to offer. And Howard’s already got a six stone upgrade in the Steamfitter, so Soulstone Cache and Amina is likely overdoing it, or maybe I’m doing it wrong, and should run her with the gunsmiths, and let Toni and Howard pair up… Comments appreciated.
AFTERMATH NIGHTMARES :
The Nightmares didn’t fare much better. They were so taken aback that they completely forgot about scoring points. Luckily their attrition game proved better than the M&SU, but luck makes for a poor strategy. I should probably have chosen Coppelius over Serena, I generally like Squidface more, he suits my level of aggression.
MVP : Candy brings sooo much to a nightmare crew. Healing, Fast Teddies, but she’s surpassed by the Insidious Madness that neutered Howard with Distraction.
LVP : Serena was the least impressive, but… she still scored 2 points, simply by being dispensable. So I wouldn’t call her bad. She just didn’t have her moment to shine.

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