This Live session took place on X (Twitter) on May 21, 2024.
In this talk titled "Does Bitcoin Add a Zero Every Epoch?", Oliver discusses the intriguing concept that Bitcoin adds a zero to its value approximately every four years, coinciding with each halving event. Oliver begins by clarifying the terms "epoch" and "halving," explaining that an epoch represents roughly 210,000 blocks, or about four years, in Bitcoin's lifecycle. He notes that Bitcoin's first epoch began in 2009 and the first halving occurred in 2012.
Oliver asserts that each epoch can be seen as achieving a certain value milestone, starting with $10 in the first epoch, $100 in the second, $1,000 in the third, $10,000 in the fourth, and so forth. He acknowledges that some people find this idea controversial but defends it as a valid interpretation based on Bitcoin's historical performance.
To illustrate his point, Oliver refers to the "Bitcoin Halving Spiral," showing how each halving event corresponds to a significant increase in Bitcoin's value. He emphasizes that Bitcoin often overachieves these milestones, exceeding the expected value of each epoch.Oliver also discusses the importance of viewing Bitcoin's growth from its lows rather than its highs, arguing that this perspective better reflects Bitcoin's true performance and potential. He notes that Bitcoin's ability to overachieve its epoch milestones is a unique and powerful characteristic.
In conclusion, Oliver encourages listeners to focus on accumulating more Bitcoin (measured in satoshis) each week, highlighting the long-term benefits and potential life-changing impact of this strategy. He stresses that this consistent accumulation is the most important goal, despite various market theories and opinions.
In this talk titled "Does Bitcoin Add a Zero Every Epoch?", Oliver discusses the intriguing concept that Bitcoin adds a zero to its value approximately every four years, coinciding with each halving event. Oliver begins by clarifying the terms "epoch" and "halving," explaining that an epoch represents roughly 210,000 blocks, or about four years, in Bitcoin's lifecycle. He notes that Bitcoin's first epoch began in 2009 and the first halving occurred in 2012.
Oliver asserts that each epoch can be seen as achieving a certain value milestone, starting with $10 in the first epoch, $100 in the second, $1,000 in the third, $10,000 in the fourth, and so forth. He acknowledges that some people find this idea controversial but defends it as a valid interpretation based on Bitcoin's historical performance.
To illustrate his point, Oliver refers to the "Bitcoin Halving Spiral," showing how each halving event corresponds to a significant increase in Bitcoin's value. He emphasizes that Bitcoin often overachieves these milestones, exceeding the expected value of each epoch.Oliver also discusses the importance of viewing Bitcoin's growth from its lows rather than its highs, arguing that this perspective better reflects Bitcoin's true performance and potential. He notes that Bitcoin's ability to overachieve its epoch milestones is a unique and powerful characteristic.
In conclusion, Oliver encourages listeners to focus on accumulating more Bitcoin (measured in satoshis) each week, highlighting the long-term benefits and potential life-changing impact of this strategy. He stresses that this consistent accumulation is the most important goal, despite various market theories and opinions.
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