Bitcoin Halving Party in Goa

What to expect:

• Party with bitcoiners from around the country.
• Learn more about bitcoin and have all your questions answered.
• Get to know of the companies and communities working for bitcoin adoption in India.

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What is bitcoin halving and why is it important?

Bitcoin halving is a significant event in the Bitcoin protocol that occurs approximately every four years, or more precisely, every 210,000 blocks. The halving process is a fundamental part of Bitcoin's economic model, designed to create scarcity and control inflation by ensuring that the total supply of bitcoin never exceeds 21 million. As a consequence, the reduced supply of new bitcoin leads to increased demand. The event is cherished and celebrated worldwide by bitcoin communities.

Learn more here.

What is there to celebrate in an automated, technical occurence in the bitcoin protocol?

Bitcoin halving events are celebrated globally for several compelling reasons, touching on both Bitcoin's economic principles and its cultural impact. Here are a few reasons:

1. Price Increases: Halvings often precede price increases, drawing excitement from early adoptors and investors.
2. Scarcity: The halving emphasizes Bitcoin's scarcity, enhancing its value proposition against inflationary fiat currencies.
3. Community Unity: It’s a time for the Bitcoin community to unite, celebrate Bitcoin’s growth, and speculate on its future, marked by worldwide events and media attention.
4. Renewed Interest: Halvings spotlight Bitcoin, attracting new users and sparking innovation in the space.
5. Economic Insight: These events provide insights into the effects of deflationary monetary policies, bolstering Bitcoin as an increasingly successful economic experiment.
6. Proof of Resilience: Each halving reaffirms Bitcoin's durability and the reliability of its technology, strengthening its status as a long-term store of value asset.

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Follow the event organizers on Twitter:

1. Bitshala
2. Bitcoin4India
3. Xonghoti
4. Study bitcoin with Aditya
5. Desi Bitcoin Show
6. GetBit
7. Bitcoin Thread by Radhika
8. Bhavik
9. Shambhavi
10. Bull Bitcoin

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Note: This is not a sponsored event. Admissions are free but you are expected to manage your stay, and pay for your own food, and drinks.