Press Release about Halving Day | Bitcointalksearch.org

BkkCoins

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Quote from: AfricanHunter on November 30, 2012, 09:23:43 PM

Has the halving happened yet? I still am getting the same number of coins it seems? Network seems to have dropped by 4TH though?

Yes. Definitely already happened on Nov. 28th.
I think you need to check more carefully.
Your payout rate will be half what it was before Nov. 28th.

AfricanHunter

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Has the halving happened yet? I still am getting the same number of coins it seems? Network seems to have dropped by 4TH though?

phelix

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Quote from: Peter Todd on November 30, 2012, 04:48:43 PM

Quote from: phelix on November 30, 2012, 02:52:54 PM

Quote from: Peter Todd on November 28, 2012, 05:34:55 PM

We also need to keep in mind that anything that sounds at all like promoting an investment could get the foundation in a heck of a lot of trouble should regulators decide to push the issue. The press release completely overlooked the technical side of the block reward dropping; it's something that fundamentally was untested, both technologically and socially, and the fact that the reward drop went by without incident shows that Bitcoin has a certain level of technical maturity. Make a press release about "Satoshi's plan being successfully executed through code" or something; don't bring economics and visions of growth and profits into it. And ideally just keep a simple fact-based PR release stating the obvious: the price drop happened and nothing went wrong. If you want to talk price, talk about how the fact that it didn't change much shows that people have faith in the usability and stability of the technology and sociology underlying the system - that is the sort of thing I want to see the foundation working on. Not wading into economic arguments about deflation in press releases like this.

There's nothing wrong with Bitcoin being boring you know.

I bet it has been tested a couple of times on testnet.

On the main testnet it actually hadn't been; gmaxwell suggested getting some hashing power together to make testnet3 reach the halving point before mainnet, but no-one actually did it. I'm sure plenty of people ran their own tests by modifying the client in various ways, however it's not just the client that matters but also the whole infrastructure including things like mining pool software. In any case, as far as I know nothing broke.

there was a discussion about this some time ago. somebody ended it quickly by posting the actual code. it seems to be quite simple (unlike for example the tx fee calculation).

Peter Todd

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Quote from: phelix on November 30, 2012, 02:52:54 PM

Quote from: Peter Todd on November 28, 2012, 05:34:55 PM

We also need to keep in mind that anything that sounds at all like promoting an investment could get the foundation in a heck of a lot of trouble should regulators decide to push the issue. The press release completely overlooked the technical side of the block reward dropping; it's something that fundamentally was untested, both technologically and socially, and the fact that the reward drop went by without incident shows that Bitcoin has a certain level of technical maturity. Make a press release about "Satoshi's plan being successfully executed through code" or something; don't bring economics and visions of growth and profits into it. And ideally just keep a simple fact-based PR release stating the obvious: the price drop happened and nothing went wrong. If you want to talk price, talk about how the fact that it didn't change much shows that people have faith in the usability and stability of the technology and sociology underlying the system - that is the sort of thing I want to see the foundation working on. Not wading into economic arguments about deflation in press releases like this.

There's nothing wrong with Bitcoin being boring you know.

I bet it has been tested a couple of times on testnet.

On the main testnet it actually hadn't been; gmaxwell suggested getting some hashing power together to make testnet3 reach the halving point before mainnet, but no-one actually did it. I'm sure plenty of people ran their own tests by modifying the client in various ways, however it's not just the client that matters but also the whole infrastructure including things like mining pool software. In any case, as far as I know nothing broke.

phelix

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Quote from: Peter Todd on November 28, 2012, 05:34:55 PM

Quote from: hazek on November 28, 2012, 04:03:26 PM

Terrible press release. There's no deflation in Bitcoin aside from coins being lost, then it doesn't make it clear that the halving was planed for by the code from the beginning but leaves room for someone to believe Bitcoin Foundation had something to do with it.. It's also a shame it's hyping a small price increase of maybe 5cents as 1% rise in exchange rate and with expectations of even further rising.. And who are those miners you speak of with that "deflationary" theory?

This was their chance to really shine, write an objective press release merely to comment on something they were merely observers off and they blew it. Bitcoin magazin did a much better job, maybe next time just spend some of those donations and buy a release from them.

We also need to keep in mind that anything that sounds at all like promoting an investment could get the foundation in a heck of a lot of trouble should regulators decide to push the issue. The press release completely overlooked the technical side of the block reward dropping; it's something that fundamentally was untested, both technologically and socially, and the fact that the reward drop went by without incident shows that Bitcoin has a certain level of technical maturity. Make a press release about "Satoshi's plan being successfully executed through code" or something; don't bring economics and visions of growth and profits into it. And ideally just keep a simple fact-based PR release stating the obvious: the price drop happened and nothing went wrong. If you want to talk price, talk about how the fact that it didn't change much shows that people have faith in the usability and stability of the technology and sociology underlying the system - that is the sort of thing I want to see the foundation working on. Not wading into economic arguments about deflation in press releases like this.

There's nothing wrong with Bitcoin being boring you know.

I bet it has been tested a couple of times on testnet.

They should have given it to the community up front - not only for improving but especially for translating into the various languages.

hazek

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Quote from: Peter Todd on November 28, 2012, 05:34:55 PM

There's nothing wrong with Bitcoin being boring you know.

I couldn't agree more, especially when Bitcoin Foundation talks about it.

Peter Todd

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Quote from: hazek on November 28, 2012, 04:03:26 PM

Terrible press release. There's no deflation in Bitcoin aside from coins being lost, then it doesn't make it clear that the halving was planed for by the code from the beginning but leaves room for someone to believe Bitcoin Foundation had something to do with it.. It's also a shame it's hyping a small price increase of maybe 5cents as 1% rise in exchange rate and with expectations of even further rising.. And who are those miners you speak of with that "deflationary" theory?

This was their chance to really shine, write an objective press release merely to comment on something they were merely observers off and they blew it. Bitcoin magazin did a much better job, maybe next time just spend some of those donations and buy a release from them.

We also need to keep in mind that anything that sounds at all like promoting an investment could get the foundation in a heck of a lot of trouble should regulators decide to push the issue. The press release completely overlooked the technical side of the block reward dropping; it's something that fundamentally was untested, both technologically and socially, and the fact that the reward drop went by without incident shows that Bitcoin has a certain level of technical maturity. Make a press release about "Satoshi's plan being successfully executed through code" or something; don't bring economics and visions of growth and profits into it. And ideally just keep a simple fact-based PR release stating the obvious: the price drop happened and nothing went wrong. If you want to talk price, talk about how the fact that it didn't change much shows that people have faith in the usability and stability of the technology and sociology underlying the system - that is the sort of thing I want to see the foundation working on. Not wading into economic arguments about deflation in press releases like this.

There's nothing wrong with Bitcoin being boring you know.

bitcoinvideos

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I agree with the sentiments about the press release. Perhaps next time post that you need a copywriter to check it out and someone here can lend their talents to ensure it comes out sounding at least on point and professional. That being said this is progress and we learn from mis-takes as much as possible. Next time I suppose anyone could write it and send it out no?

Daily Anarchist

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Quote from: hazek on November 28, 2012, 04:03:26 PM

Quote from: workingforbitcoin on November 28, 2012, 02:17:00 PM

Quote from: phelix on November 28, 2012, 03:00:03 AM

Does anyone know about the Bitcoin foundation working on a press release on the halving day?

A press release has been posted from the Bitcoin Foundation:
http://www.prlog.org/12032578-bitcoin-community-celebrates-halving-day.html

And a post on the foundation blog:
https://bitcoinfoundation.org/blog/

Happy Halving Day!

Terrible press release. There's no deflation in Bitcoin aside from coins being lost, then it doesn't make it clear that the halving was planed for by the code from the beginning but leaves room for someone to believe Bitcoin Foundation had something to do with it.. It's also a shame it's hyping a small price increase of maybe 5cents as 1% rise in exchange rate and with expectations of even further rising.. And who are those miners you speak of with that "deflationary" theory?

This was their chance to really shine, write an objective press release merely to comment on something they were merely observers off and they blew it. Bitcoin magazin did a much better job, maybe next time just spend some of those donations and buy a release from them.

That is disconcerting.

hazek

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Quote from: workingforbitcoin on November 28, 2012, 02:17:00 PM

Quote from: phelix on November 28, 2012, 03:00:03 AM

Does anyone know about the Bitcoin foundation working on a press release on the halving day?

A press release has been posted from the Bitcoin Foundation:
http://www.prlog.org/12032578-bitcoin-community-celebrates-halving-day.html

And a post on the foundation blog:
https://bitcoinfoundation.org/blog/

Happy Halving Day!

Terrible press release. There's no deflation in Bitcoin aside from coins being lost, then it doesn't make it clear that the halving was planed for by the code from the beginning but leaves room for someone to believe Bitcoin Foundation had something to do with it.. It's also a shame it's hyping a small price increase of maybe 5cents as 1% rise in exchange rate and with expectations of even further rising.. And who are those miners you speak of with that "deflationary" theory?

This was their chance to really shine, write an objective press release merely to comment on something they were merely observers of and they blew it. Bitcoin magazin did a much better job, maybe next time just spend some of those donations and buy a release from them.

workingforbitcoin

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Quote from: phelix on November 28, 2012, 03:00:03 AM

Does anyone know about the Bitcoin foundation working on a press release on the halving day?

A press release has been posted from the Bitcoin Foundation:
http://www.prlog.org/12032578-bitcoin-community-celebrates-halving-day.html

And a post on the foundation blog:
https://bitcoinfoundation.org/blog/

Happy Halving Day!

davout

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1davout

Quote from: phelix on November 28, 2012, 03:00:03 AM

Does anyone know about the Bitcoin foundation working

FTFY

Roger_Murdock

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Quote from: greyhawk on November 28, 2012, 06:50:35 AM

Bitcoins soon require more work for less reward. Let's all go ahead and advertise this as.... progress?

"More work for less reward"? I think you're confusing Halving Day with fiat Doubling Day. (BTW, is it just me or does Doubling Day seem like it's coming earlier and earlier all the time?)

HDSolar

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Quote from: greyhawk on November 28, 2012, 06:50:35 AM

Bitcoins soon require more work for less reward. Let's all go ahead and advertise this as.... progress?

From a personal standpoint I agree but from a community standpoint this is a good thing and press is not a bad idea only to show that the process is working as described. If it did not then the whole effort would be in question.

BkkCoins

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Quote from: greyhawk on November 28, 2012, 06:50:35 AM

Bitcoins soon require more work for less reward. Let's all go ahead and advertise this as.... progress?

Well, it's a milestone of sorts. 4 (coin) years, 210000 blocks, half the coin is out there now. That Bitcoin made it to this day is more what people are celebrating about. I don't think anyone is actually cheering that they'll be making less now. I may well be shutting my rig down unless the market price rises - don't really know yet. But I do know that not everything in life has to be about the almighty buck.

greyhawk

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Bitcoins soon require more work for less reward. Let's all go ahead and advertise this as.... progress?

Mageant

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There is an article on the BBC website:
http://www.bbc.co.uk/news/technology-20510447

phelix

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Does anyone know about the Bitcoin foundation working on a press release on the halving day?

We should take this opportunity to actively advertise.

Headline, facts, quote from Gavin / Satoshi; translations and sending out in the local boards

Topic: Press Release about Halving Day (Read 2278 times)