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He and his colleagues shared a major concern back then, which he has shared with the crypto community now.In a recent X post, Charlie Shrem shared his memories of the very first Bitcoin halving that took place at the end of November 2012. Shrem tweeted that on that day, the miner’s reward for a new block was reduced from 50 BTC to 25 Bitcoins.
Sharing a photo from that day, on which Shrem, Erik Voorhees and Roger Ver can be recognized, early Bitcoiner Shrem wrote that they were smiling but secretly fearing that the very first BTC halving would fail to work.halving. I remember the first in 2012, Nov 28th reduced the first block reward from 50 to 25. Here is a pic from that day. We are all smiles secretly we weren’t sure if this first halving would work.
The plunge over the weekend is believed by many to have started due to negative geopolitical developments in the Middle East and to be continuing due to the statement by Fed Reserve chairman Jerome Powell about inflation being stronger than it was assessed earlier. Now, the likelihood of the Fed cutting down interest rates has drastically dropped, which is negative for risk assets, including Bitcoin.Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets.
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