Happy Halving Day! Press release from Bitcoin Foundation: #bitcoin #bitcoinhalvingday

Bitcoin Community Celebrates "Halving Day" | PRLog

prlog.org 28 Nov '12, 7pm

Happy Halving Day! Press release from Bitcoin Foundation: #bitcoin #bitcoinhalvingday

Today, the Bitcoin community celebrates a major milestone, the first “halving day.” For the first three years of the Bitcoin Network’s existence, each time a ‘block’ was found, 50 Bitcoins were issued to the lucky finder. As of 11/28/2012 at 15:24:38 UTC, however, only 25 BTC will be issued per block found. This halving of bitcoin issuance is an integral part of the money scheme’s deflationary promise, and is being treated as a community-wide holiday. Although Bitcoin miners will receive less Bitcoin for each block mined, according to Bitcoin theory, they believe decreased supply of Bitcoins will yield higher prices over time. The online Bitcoin community has been abuzz with the news, flooding online forums and using the Twitter hashtag #bitcoinhalvingday. “Today marks a major milestone for Bitcoiners everywhere. As a community, we negotiated this deflationary moment grace...

Full article: http://www.prlog.org/12032578-bitcoin-community-celebrate...

Tweets

@Maggie_McNeill » 29 Nov '12, 1am
RT @amlorusso: BitCoin, a P2P digital currency, celebrates it's first "Halving Day", after nearly 4 years of operation [link]
@amlorusso » 29 Nov '12, 1am
BitCoin, a P2P digital currency, celebrates it's first "Halving Day", after nearly 4 years of operation [link]
@thomas_quinlan » 28 Nov '12, 10pm
RT @BitCoinReporter: Bitcoin Community Celebrates "Halving Day" - Bitcoin Foundation press release [link] #bitcoin
@BitcoinStarter » 28 Nov '12, 7pm
Bitcoin Community Celebrates "Halving Day" | PRLog [link]
@Bitcoinstore » 28 Nov '12, 7pm
RT @BTCFoundation: Happy Halving Day! Press release from Bitcoin Foundation: [link] #bitcoin #bitcoinhalvingday
@BTCFoundation » 28 Nov '12, 7pm
Happy Halving Day! Press release from Bitcoin Foundation: [link] #bitcoin #bitcoinhalvingday
@petercooperjr » 28 Nov '12, 7pm
RT @BTCFoundation: Happy Halving Day! Press release from Bitcoin Foundation: [link] #bitcoin #bitcoinhalvingday
@josep_saldana » 28 Nov '12, 7pm
RT @BTCFoundation: Happy Halving Day! Press release from Bitcoin Foundation: [link] #bitcoin #bitcoinhalvingday
@jgarzik » 28 Nov '12, 7pm
RT @BTCFoundation: Happy Halving Day! Press release from Bitcoin Foundation: [link] #bitcoin #bitcoinhalvingday
@bitcoinmoney » 28 Nov '12, 7pm
RT @BTCFoundation: Happy Halving Day! Press release from Bitcoin Foundation: [link] #bitcoin #bitcoinhalvingday
@bitcoinnews » 28 Nov '12, 7pm
RT @BTCFoundation: Happy Halving Day! Press release from Bitcoin Foundation: [link] #bitcoin #bitcoinhalvingday