Bitcoin halving: what does it mean? And for whom?

One of the allures of money is its limitedness and this creates scarcity which, in turn, inflates its value. Imagine there was a gold mine, and if all its gold was extracted then its scarcity would drive up its value. This has been an intrinsic quality of every monetary legal tender and when Bitcoin appeared on the scene, it adopted this monetary quality amongst many others. Other cryptocurrencies too. When Satoshi Nakamoto created Bitcoin, the aim was to create a scarce, decentralized and secure digital currency. To understand Bitcoin halving is to understand this philosophy of Bitcoin. To build a digital currency not controlled by any central authority or subject to inflation, Nakamoto embedded several ingenious features into the Bitcoin protocol - one of which is the halving event (with Bitcoin’s predetermined total supply set at 21 million coins). To control the rate at which this supply enters circulation, Nakamoto implemented this halving mechanism.

Source: TeamBlockchain

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