Topic: Distinguishing Between Bitcoin Halving And Crypto Burn - page 2. (Read 425 times)

Anyway, we already have another thread in this section that is based on a questionable premise:


The first I have heard of it. I guess it will be more common in those who are approaching the "crypto" market for the first time giving them the same Bitcoin as shitcoins, and not understanding the essential differences.

Halving is unique to Bitcoin while crypto burning is very much like buybacks of shares that companies do and take them out of circulation. I think although they don't call it "burning" it is essentially the same thing. Here you can clearly see how shitcoins are securities, as the management team of the company or shitcoin does and undoes as they please on the supply.

Take a note, coin/token burning is temporary, while Bitcoin halving is always be like that and it's impossible to be changed. Since burning is temporary, it's really easy for the developer to mint new coin/token and add it into the circulation.

I'd say if the coin/token isn't a stablecoin, coin/token burning has nothing to achieve except the developer want to manipulate the market.

I think there is difference in the two even as they both have similarities.

Halving as you stated is to reduce the miners reward in order to keep limiting the supply of new coin in circulation, but it will  it reduce the numbers in circulation before halving.

While crypto Burning is done to reduce the number of coins already in circulation in order to create more value to the coin.

Mostly, Burning is happening to altcoin probably if the developers think they have too much coin in supply and the coin did not have the value the expected which purely Centralization; while halving is mostly on Bitcoin and maybe Litcoin (I don't know if there is any coin), it is design and anyone know when it will happen and how it is been done that's Decentralization.

I am open to learn more from the response of others because I have been thinking about this also for long.

You explained it well, but just to be frank, I doubt if any of the newbies would be confused in these two terms because they are so obvious but still, I presumed many things to be what they were not (when I was newbie) so I can say that there are newbies who think of both as same. It's good that you distinguish between them.

Even though, I doubt if any of the Bitcoin Enthusiast would be confused with these two terms.

There are many newbies (and experts) who think they know everything, for example, many don't know tokens and coins are not the same things in cryptocurrency. Even they are experts. Topics like these are good reminders for those who already know about it and good pieces of information (eye-opening) for those who take it wrong.

Well, just to clear things out, Halving was also implemented by the founder, which means, it is created or developed or integrated (whatever you can say) first in the BTC blockchain and then afterward it is programmed as automated and the burning could also be automated after implementing it first (intentionally). So, the difference of automation and manual seems not right.

That's not what scarcity means in the context of BTC. Like in BTC supply is fixed but if you are burning some tokens (ALTS) then the supply can be changed there (means can be increased), other than this, burying and halving did reduce the supply in circulation and had a positive impact on the price, but nothing resembles BTC. Even the hard-forked BTC version which also follows the halving paths.

Bitcoin halving has always been confused for crypto burning most especially by those who are new to the crypto space. If not carefully looked at, Bitcoin ethusiast might even fall in the same situation the very moment the two words are mentioned.

I would start by saying: Bitcoin halving is practically a mechanism that helps to reduce/cut the rewards of miners, thereby reducing the amount of bitcoin entering into circulation.

While crypto burn is a mechanism use by other cryptocurrency in reducing the amount of their digital asset already in circulation.

The two main phrases in both definition states the big difference between them. Halving helps to reduce what's entering into circulation, while burning helps to reduce what's already in circulation.
We should note that halving is an automated mechanism that would occur when every 210,000 blocks have been mined. It is practically used for bitcoin. While burning is intentionally done by the developers of that particular coin.

Though, they both have little similarities such that: both mechanism helps to activate scarcity. After burning, there are possibilities that the specific coin would increase in price or not, but what do you expect when there is scarcity ?. The same goes for Bitcoin halving.

If as a reader, you clearly understood the difference before coming across the post, then you should note that there are others that might have always confuse the two words.

My opinion...