Mayby this is a stupid question, but is this the first block halving ever?
If it has happened before then I don't understand why people always stress about it.
because it is not the same thing, the first havilgn was not seen as a great thing because, it was from 50 to 25 and because the user base for bitcoin was very small back then, no comparison at all
each halving is much stronger than the previous one, you will se the next halving(6.25) will be much more prominent than this one
Are you saying the risk increases (exponentially?) with every block reward reduction? I'm sceptical, to be honest. Post-halving, less efficient miners may stop rising - if that happens difficulty will fall, miners will (re)enter, difficulty will adjust, and the system will settle to a new equilibrium once again. What scenarios would prevent equilibrium?
I'm not sold on the idea that the first halving was no big thing, or that future halvings will be more prominent - but at this point we've only had the one halving, so we honestly don't know. I'd expect the importance of the block reward reduction to decline with each halving (as the proportion of block reward to transaction fees changes), but that presupposes a mature market in transaction fees. Why is it you think halvings will increase in strength?
