Why Bitcoin's Halving Was a Boring Vindication
An event anticipated in the bitcoin community for years came and went last week with little fanfare and, a week later, little impact. At approximately 12:48 EST, the 420,000th block on the bitcoin blockchain was mined and sealed by F2Pool, one of the largest bitcoin pools, earning its members 12.5 BTC. This marked the second halving, and the first time a miner would receive the reduced subsidy. Programmed into bitcoin's code, a halving event is when the subsidy for miners securing the network is cut in half. When bitcoin creator Satoshi Nakamoto first released bitcoin, miners earned 50 BTC....
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