Replies (14)
Good to see your name again. I haven’t seen you in a while. Hope you’re doing well!
Yeah life has taken over recently! Still find it hard to get “back into social media” even if it is Nostr 😅 how are you doing?
Love the timestamps of Nostr and Bitcoin btw!
I dunno if I could count when I first bought some bitcoin as a timestamp as I didn’t nearly understand it or hold onto it since then!
I understand. I’m there with you.
I’m doing well. Sometimes I’m ready to take my content to the next level and other times I’m ok with where it’s at because I have a job, a wife, and three children that keep me busy. I go back and forth if I want to be a “social media” guy.
Thank you! I’ve considered myself a Bitcoiner since that block height. I actually bought my first sats in late 2022. But like you, I didn’t understand it then.
This is actually crazy I’ve just thought about that.
What you’re actually saying is you can buy the equivalent of $300k (the current mining reward today) for $800 today
Man you learn much quicker than me 😅- I bought first in 2017. I’d argue I really only got it by 2022 (maybe 2020 but that’s debatable)
The wife and kids are the real treasure ❤️
Good Lord! You’re right. 🤯
And that’s if demand for Bitcoin stays the same as what it is today in 30 years time 😳
I wouldn’t say that. I’ve seen your content, my friend. You are way ahead of me. 🫡
The only thing more scarce than Bitcoin. They’re my world.
Some AI napkin math (the last data I fed it was $98k so bear that in mind)
Has the mining reward in dollar terms ever been consistently lower after a halving?
No, never. Even though the BTC amount halves, the dollar value has always increased substantially by mid-cycle:
• 2012-2016 cycle: ~$12,500 average
• 2016-2020 cycle: ~$125,000 average (10x increase)
• 2020-2024 cycle: ~$250,000-$400,000 (2-3x increase)
• 2024-2028 cycle: Currently ~$306,250 (already roughly matching the previous cycle’s average)
The immediate post-halving period might briefly see lower dollar rewards, but within months the price appreciates enough that miners are earning MORE in dollar terms despite getting half the BTC.
