{"id":18622,"date":"2020-05-29T18:17:54","date_gmt":"2020-05-29T18:17:54","guid":{"rendered":"http:\/\/ci027cfe6dc0072697"},"modified":"2025-01-27T20:26:38","modified_gmt":"2025-01-27T20:26:38","slug":"hyperbitcoinization-comes-into-focus-during-the-bitcoin-halving","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/culture\/hyperbitcoinization-comes-into-focus-during-the-bitcoin-halving","title":{"rendered":"Hyperbitcoinization Comes into Focus During the Bitcoin Halving"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><figure><img decoding=\"async\" src=\"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/01\/watch-the-future-of-hyperbitconization-at-the-third-halving.png\" title=\"\"><\/figure>\n<p>Though the applications and adoption rate have a long way to go if Bitcoin is going to achieve its maximum potential, the third-ever subsidy Halving was an opportunity for Bitcoiners to celebrate its more than 11 years of life. In addition to hosting <a href=\"https:\/\/bitcoinmagazine.com\/articles\/demoing-the-best-of-bitcoin-during-the-halving\">technical demonstrations<\/a>, discussions with leaders of Bitcoin\u2019s <a href=\"https:\/\/bitcoinmagazine.com\/articles\/how-the-lightning-network-will-grow-following-bitcoins-third-halving\">premier Layer 2 protocol<\/a> and <a href=\"https:\/\/bitcoinmagazine.com\/articles\/presenting-bitcoins-best-during-the-halving\">high-level presentations<\/a>, <em>Bitcoin Magazine<\/em>\u2019s <a href=\"https:\/\/www.bitcoinhalving.com\/\" target=\"_blank\" rel=\"noopener\">BitcoinHalving.com<\/a> live stream was a chance to focus on one of the community\u2019s favorite topics: hyperbitcoinization.<\/p>\n<p><strong><em>Further Reading: <\/em><\/strong><a href=\"https:\/\/bitcoinmagazine.com\/guides\/what-is-the-halvening\"><strong><em>What Is The Bitcoin Halving?<\/em><\/strong><\/a><\/p>\n<h2>Fundamental Bullishness and the Bitcoin Halving<\/h2>\n<div class=\"youtube-embed\" data-video_id=\"pFUUK_Wweq0\"><iframe loading=\"lazy\" title=\"Fundamental Bullishness With Plan B, Preston Pysh, Matt DeSouza, and Robert Breedlove\" width=\"696\" height=\"392\" src=\"https:\/\/www.youtube.com\/embed\/pFUUK_Wweq0?feature=oembed&#038;enablejsapi=1\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<p>In one of its most lively and extensive sessions, the BitcoinHalving.com live stream was host to \u201cFundamental Bullishness,\u201d featuring <a href=\"https:\/\/twitter.com\/Breedlove22?ref_src=twsrc%255Egoogle%257Ctwcamp%255Eserp%257Ctwgr%255Eauthor\" target=\"_blank\" rel=\"noopener\">Robert Breedlove<\/a> of Parallax Digital, <a href=\"https:\/\/twitter.com\/mjdsouza2\" target=\"_blank\" rel=\"noopener\">Matt D\u2019Souza<\/a> and <a href=\"https:\/\/twitter.com\/s_chwarzynski\" target=\"_blank\" rel=\"noopener\">Sam Chwarzynski<\/a> of Blockware Solutions, <a href=\"https:\/\/twitter.com\/100trillionUSD\" target=\"_blank\" rel=\"noopener\">Plan B<\/a> and <a href=\"https:\/\/twitter.com\/PrestonPysh\" target=\"_blank\" rel=\"noopener\">Preston Pysh<\/a> of the Investor\u2019s Podcast Network. The group was assembled to discuss the specifics around why bitcoin is poised to become one of the most valuable assets in history.<\/p>\n<p>In addition to the Halving, which significantly reduces the subsidy that miners receive for contributing their fundamental efforts to the network, this was a particularly fruitful time to discuss bitcoin\u2019s role in the world economy, as uncertainty abounds in the wake of the novel coronavirus.<\/p>\n<p>\u201cGoing into the Halving, the supply side economics improve significantly,\u201d D\u2019Souza explained during the panel. \u201cThat\u2019s a positive catalyst. And then just what\u2019s developed over the past three or four months with central bankers, the Federal Reserve, how there\u2019s discretionary, undisciplined spending or manipulation \u2014 really the ability to create your own artificial monetary policies. I think these radically impact the demand side.\u201d<\/p>\n<p>Despite (or because of) the turmoil in traditional financial markets, the third-ever Bitcoin Halving was a time of celebration for the original cryptocurrency and its community. This excitement buzzed and crackled throughout the live stream and was a natural part of the conversation during the \u201cFundamental Bullishness\u201d panel.<\/p>\n<p>\u201cBitcoin is the first incarnation, or the closest thing we have, to perfect economic information,\u201d Breedlove said. \u201cWe know it\u2019s supplied perfectly forever. You can\u2019t say that for any physical commodity on earth. And again, another product of that is it\u2019s absolute scarcity\u2026 As Mark Twain said, I think I\u2019m paraphrasing, \u2018To make something valuable, you just have to make it scarce.\u2019 And Bitcin sort of perfects that once and all for money.\u201d<\/p>\n<h2>How Do We Imagine the Bitcoin Moon, Post Halving?<\/h2>\n<div class=\"youtube-embed\" data-video_id=\"lx4Jlq1iIy4\"><iframe loading=\"lazy\" title=\"Define Your Moon During Bitcoin Magazine&#039;s Third Halving Live Stream\" width=\"696\" height=\"392\" src=\"https:\/\/www.youtube.com\/embed\/lx4Jlq1iIy4?feature=oembed&#038;enablejsapi=1\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<p>Beyond seeing bitcoin adopted as the world\u2019s preeminent asset, hyperbitcoinization will eventually involve fundamental changes to the ways we live, interact and tap into the vast potential of human ingenuity. To explore these lofty impacts, the BitcoinHalving.com live stream hosted \u201cDefine Your Moon,\u201d a discussion among <em>Bitcoin Magazine<\/em>\u2019s <a href=\"https:\/\/bitcoinmagazine.com\/authors\/brandon-green\">Brandon Green<\/a> and <a href=\"https:\/\/bitcoinmagazine.com\/articles\/snowden-mass-surveillance-isnt-about-public-safety-its-about-power\">David Bailey<\/a>, author <a href=\"https:\/\/twitter.com\/dergigi\" target=\"_blank\" rel=\"noopener\">Gigi<\/a> and hyperbitcoinization philosopher <a href=\"https:\/\/twitter.com\/BitcoinTina\" target=\"_blank\" rel=\"noopener\">BitcoinTINA<\/a>.<\/p>\n<p>\u201cIf you\u2019re wondering why I\u2019ve assembled you guys here, it\u2019s because I think we have three of the most bullish people on this call right now in Bitcoin,\u201d Green, who was moderating the panel, said in his introduction. \u201cWhat does Bitcoin\u2019s ultimate success look like to you? What is Bitcoin\u2019s \u2018moon\u2019? What are the societal and economic implications of that success?\u201d<\/p>\n<p>The resulting conversation was wide ranging, exploratory and reflective. After establishing why they believed hyperbitcoinization appears inevitable, the panelists each touched on the wide ranging implications that new status quo will bear. It was about much more than the personal riches early bitcoin investors may reap.<\/p>\n<p>\u201cImagine when you bring two, three billion people into the global production of ideas, goods and services, what that is going to do to lift the wealth and the ability of humanity to harness existing resources and to do more with those resources than they were currently able to do,\u201d BitcoinTINA said. \u201cBitcoin, because of what it is and because of its unique qualities, will encourage man to better use the resources that we have.\u201d<\/p>\n<p><em>To see more of the BitcoinHalving.com live stream content, visit our <a href=\"https:\/\/www.youtube.com\/channel\/UCtOV5M-T3GcsJAq8QKaf0lg\" target=\"_blank\" rel=\"noopener\">YouTube page<\/a><\/em>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The third-ever Bitcoin Halving was a chance to celebrate and explore one of Bitcoiners\u2019 favorite topics: hyperbitcoinization.<\/p>\n","protected":false},"author":2705,"featured_media":8408,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[568],"class_list":{"0":"post-18622","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-culture","8":"tag-hyperbitcoinization"},"author_data":{"id":2705,"name":"Peter Chawaga","nicename":"peter-chawaga","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/12\/peterc-96x96.jpg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/watch-the-future-of-hyperbitconization-at-the-third-halving.png","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/18622","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2705"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=18622"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/18622\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/8408"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=18622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=18622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=18622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}