Will You Be Able To Get Cash From Banks In A Crisis? Mike Maloney

Bitcoin Halving 2020

What does the Bitcoin halving mean?

Well, the day has finally arrived. It has taken 11 years, 4 months, 9 days or 5,971,680 minutes. The minutes value might confuse you because who counts 11 years in minutes. Well let me explain.
When Satoshi first launched Bitcoin- Jan 3, 2009 he decided that the 21 million Bitcoins would be released gradually so that he and Hal Finley wouldn't get to keep all the coins. Satoshi thought the fairest way to do this was via a gradually predictable disbursement of money. Not like today when most government are just helicoptering money in and giving it mostly to the banks.

In fact, it was on May 22, 2010, when Laszlo Hanyecz made the first real-world transaction by buying two pizzas in Jacksonville, Florida for 10,000 Bitcoin. So, it took over 1 year for someone to consider Bitcoin worth something in the real word. Bitcoiners could celebrate Bitcoin pizza day, and some do, but most of us celebrate today -- the Bitcoin halving. The reason is because Satoshi decided that for every 210,000 blocks mined the Block Subsidy would be cut in half. So, yes once the block 630,000 is found the reward for finding the nonce will get cut in half. This indirectly says that if you buy Bitcoin before the halving epoch you got cheap Bitcoins. Only 1,312,500 Bitcoins will be created in the next 4 years, which is now equal to the stock to flow model of gold.  So, the question now becomes, "Do you like gold or Bitcoin.

 Bicoin Info link

Getting the reward subsidy is a lot easier then scraping together the transactions fees because on chain money transactions can occur at 1 sat per byte if the network is handling less that 3.5 transactions per second.  It is only when a lot of wallets want to exchange Bitcoins that the transactions fees are why the miners try to find the nonce.  On what block did you say I do? or are you like me and got married before there were Bitcoin blocks being formed. Currently over 10 billion US dollars change hands every day via the Bitcoin network.

This Easter reminds me of a passover long ago.

Over 3500 years ago the Lord commanded the Israelite in Egypt “...none of you shall go out of the door of his house until morning...”. 2000 years ago "John sees Jesus coming unto him, and says, Behold the Lamb of God, which taketh away the sin of the world." John 1:29
Today a lot of us are locked in our houses trying to figure out the meaning of life. Some would say, "We are self isolating trying to avoid getting the Corona Virus". I would say, Fear makes me think harder about the meaning of life". Are we alive just to watch Netflix? Realizing the truth about other people's lives is important, but realizing that we need a relationship with the Creator is crucial. Bible vs Netflix
My friend Daniel posted a picture about the moon he saw today and I couldn't help but wonder what the lighting was like when the Angel of Death roamed the streets of Egypt. Having just experienced 14 days of lock up, and now it looks like another 2 months of self isolation, a lot of intro-inspection can take place. Especially for someone like me who has a low time preference. Trying to plan for a recession is hard work. Besides, I keep thinking "is this really happening?"
Living on a farm you get to see His seasons more clearly. Sure I download the weather app but with so many bad hay bales in my hay shed I think should I believe more on what the horizon is telling me rather than some meteorologist? And that is how I am starting to live.
I get the best hard facts data I can and rely on that for important decisions. Other people might help me see what is coming, but it is up to me to know if I should cut the hay or, in a spiritual sense, believe that God whats us to help our neighbor.
The dream Nebuchadnezzar had about God's plan for the world has been running through my head. Especially the part of iron not mixing the clay. Will Italy, France and Germany really not get along? The hard part is figuring out how His Story (prophecy) affects my timeline today. I don't live in Europe so do I have to worry about how the French and the Italians get along? Nebuchadnezzar's Dream happened in 603 BC so understanding the prophetic implications via Daniel's 2603 year old eyes is hard for me to do. I have been relying on others like Bo to help me get this right.
From my perspective we have arrived at a period of time where morals are breaking down. The Canadian government thinks it can helicopter money into the economy without consequences. Justin even tried to print money without the House of Commons authorizing it. Renters don't have to rent anymore. Employees get free money and probably worst of all mortgages don't have to be paid. Sure I have been called a "Bitcoin Bozo" on Twitter, but this faith people have in government more than the Creator has got me baffled. To me it is now time for the season of Matthew 24:4 "Take heed that no man deceive you. 5 For many shall come in my name, saying, I am Christ; and shall deceive many."  So many of us throw out the baby with the bath water, ie. Don't bother to understand the truth. We must all learn to understand the seasons. We must learn to trust God and put our faith in Him and not in world leaders. May God pass over your household this Easter season. Keep your faith strong.