Background - Revision history

Mediawiki at 21:23, 24 October 2023

2023-10-24T21:23:13Z

← Older revision		Revision as of 23:23, 24 October 2023
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	[[File:ST logo 3D02.png\|300px \|left]]		[[File:ST logo 3D02.png\|300px \|left]]

			[[Autumn Halving \| Autumn Halving]]

Mediawiki at 19:37, 25 June 2023

2023-06-25T19:37:36Z

← Older revision		Revision as of 21:37, 25 June 2023
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	In construction...		In construction...

	[[File:SeasonalTokens Banner 4 ~~XSM2~~.png\|1000px]]		[[File:SeasonalTokens Banner 4 XSM4.png\|1000px]]

	[[ File:Btc icon.png \|200px \|left]]		[[ File:Btc icon.png \|200px \|left]]

Mediawiki at 04:14, 17 June 2023

2023-06-17T04:14:03Z

← Older revision		Revision as of 06:14, 17 June 2023
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	[[ File:Bitcoin price logarithmic.PNG \|800px]]		[[ File:Bitcoin price logarithmic.PNG \|800px]]


			Months after the halving of the mining supply a bull market sends the Bitcoin price to all-time highs, this bull market sends the price way above its cost of production and the whole thing ends up with a price bubble leading to a bear market that may last for years until the next halving occurs.

Mediawiki: /* The Halving of Mining Supply puts Upward Pressure on Bitcoin's Price */

2023-06-17T03:54:04Z

The Halving of Mining Supply puts Upward Pressure on Bitcoin's Price

← Older revision		Revision as of 05:54, 17 June 2023
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	As you can appreciate, there is nothing particularly enlightening about this graph. It is hard to see the effect of the halving of the mining supply. The price changes are so large that the information is lost in the details of price fluctuations.		As you can appreciate, there is nothing particularly enlightening about this graph. It is hard to see the effect of the halving of the mining supply. The price changes are so large that the information is lost in the details of price fluctuations.

	If we look at the graph on a logarithmic scale, ~~it amounts to seeing~~ the ~~data through a filter that let us see only~~ order of magnitude changes. Then a pattern emerges:		If we look at the graph on a logarithmic scale, we can concentrate on the order of magnitude changes, paying less attention to the random fluctuations in the price. Then a pattern emerges:

	[[ File:Bitcoin price logarithmic.PNG \|800px]]		[[ File:Bitcoin price logarithmic.PNG \|800px]]

Mediawiki at 03:51, 17 June 2023

2023-06-17T03:51:33Z

← Older revision		Revision as of 05:51, 17 June 2023
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	The fact that there is a finite number of bitcoins is a necessary condition to make it so valuable. This digital asset is not subject to inflation. Nobody can produce Bitcoin out of thin air de-valuating the asset.		The fact that there is a finite number of bitcoins is a necessary condition to make it so valuable. This digital asset is not subject to inflation. Nobody can produce Bitcoin out of thin air de-valuating the asset.

			=The Halving of Mining Supply puts Upward Pressure on Bitcoin's Price=

	The key observation that led to the creation of Seasonal Tokens can be seen in the following chart. It shows the historical Bitcoin's price. The blue vertical lines mark the dates when the mining supply of bitcoin was cut in half.		The key observation that led to the creation of Seasonal Tokens can be seen in the following chart. It shows the historical Bitcoin's price. The blue vertical lines mark the dates when the mining supply of bitcoin was cut in half.

Mediawiki at 03:49, 17 June 2023

2023-06-17T03:49:22Z

← Older revision		Revision as of 05:49, 17 June 2023
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	[[File:SeasonalTokens Banner 4 XSM2.png\|1000px]]		[[File:SeasonalTokens Banner 4 XSM2.png\|1000px]]

	[[File:~~ST logo 3D02~~.png\|~~300px~~ \|left]]		[[ File:Btc icon.png \|200px \|left]]

	Seasonal Tokens design is based on key observations about the way Bitcoin evolved over time. Therefore we need some understanding of Bitcoin to fully appreciate the design principles behind Seasonal Tokens. Check out this [[Bitcoin Design \| Bitcoin]] summary of ideas that influenced Seasonal Tokens design.		Seasonal Tokens design is based on key observations about the way Bitcoin evolved over time. Therefore we need some understanding of Bitcoin to fully appreciate the design principles behind Seasonal Tokens. Check out this [[Bitcoin Design \| Bitcoin]] summary of ideas that influenced Seasonal Tokens design.
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	[[ File:BTC price TV01.PNG \|800px \|left]]		[[ File:BTC price TV01.PNG \|800px \|left]]

			As you can appreciate, there is nothing particularly enlightening about this graph. It is hard to see the effect of the halving of the mining supply. The price changes are so large that the information is lost in the details of price fluctuations.

			If we look at the graph on a logarithmic scale, it amounts to seeing the data through a filter that let us see only order of magnitude changes. Then a pattern emerges:

			[[ File:Bitcoin price logarithmic.PNG \|800px]]


	~~[[ File:Bitcoin price logarithmic.PNG \|300px]]~~
	~~[[ File:Btc icon.png \|300px]]~~

	[[ File:Ethereum.png \|300px]]		[[ File:Ethereum.png \|300px]]

			[[File:ST logo 3D02.png\|300px \|left]]

Mediawiki at 03:43, 17 June 2023

2023-06-17T03:43:48Z

← Older revision		Revision as of 05:43, 17 June 2023
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	The key observation that led to the creation of Seasonal Tokens can be seen in the following chart. It shows the historical Bitcoin's price. The blue vertical lines mark the dates when the mining supply of bitcoin was cut in half.		The key observation that led to the creation of Seasonal Tokens can be seen in the following chart. It shows the historical Bitcoin's price. The blue vertical lines mark the dates when the mining supply of bitcoin was cut in half.

	[[ File:BTC price TV01.PNG \|~~300px~~ \|left]]		[[ File:BTC price TV01.PNG \|800px \|left]]

Mediawiki at 03:43, 17 June 2023

2023-06-17T03:43:23Z

← Older revision		Revision as of 05:43, 17 June 2023
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	The halving of mining supply every 3 years in Seasonal Tokens (every 4 years in Bitcoin) also is a way to have an absolute maximum number of tokens produced.		The halving of mining supply every 3 years in Seasonal Tokens (every 4 years in Bitcoin) also is a way to have an absolute maximum number of tokens produced.

	The fact that there is a finite number of bitcoins is ~~what makes them~~ so valuable. This digital asset is not subject to inflation. Nobody can produce Bitcoin out of thin air de-valuating the asset.		The fact that there is a finite number of bitcoins is a necessary condition to make it so valuable. This digital asset is not subject to inflation. Nobody can produce Bitcoin out of thin air de-valuating the asset.

	The ~~halving~~ of the mining supply ~~makes sure there will be only a bit over 33 million tokens~~ of ~~each type~~.		The key observation that led to the creation of Seasonal Tokens can be seen in the following chart. It shows the historical Bitcoin's price. The blue vertical lines mark the dates when the mining supply of bitcoin was cut in half.

			[[ File:BTC price TV01.PNG \|300px \|left]]



	~~[[ File:BTC price TV01.PNG \|300px \|left]]~~
	[[ File:Bitcoin price logarithmic.PNG \|300px]]		[[ File:Bitcoin price logarithmic.PNG \|300px]]
	[[ File:Btc icon.png \|300px]]		[[ File:Btc icon.png \|300px]]

	[[ File:Ethereum.png \|300px]]		[[ File:Ethereum.png \|300px]]

Mediawiki at 02:17, 17 June 2023

2023-06-17T02:17:55Z

← Older revision		Revision as of 04:17, 17 June 2023
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	[[File:ST logo 3D02.png\|300px \|left]]		[[File:ST logo 3D02.png\|300px \|left]]

	Seasonal Tokens design is based on key observations about the way Bitcoin evolved. Therefore we need some understanding of Bitcoin to fully appreciate the design principles behind Seasonal Tokens. Check out this [[Bitcoin Design \| Bitcoin]] summary of ideas that influenced Seasonal Tokens design.		Seasonal Tokens design is based on key observations about the way Bitcoin evolved over time. Therefore we need some understanding of Bitcoin to fully appreciate the design principles behind Seasonal Tokens. Check out this [[Bitcoin Design \| Bitcoin]] summary of ideas that influenced Seasonal Tokens design.

	Basically, the mean feature borrowed from Bitcoin's design is the use of proof of work. In Bitcoin PoW is used in the consensus mechanism for keeping the distributed database. But it goes beyond that, in fact PoW solves many problems at once as described in the [[Bitcoin Design \| Bitcoin]] page.		Basically, the mean feature borrowed from Bitcoin's design is the use of proof of work. In Bitcoin PoW is used in the consensus mechanism for keeping the distributed database. But it goes beyond that, in fact PoW solves many problems at once as described in the [[Bitcoin Design \| Bitcoin]] page.

	Proof of Work mining is necessary for Seasonal Tokens design, because it gives a real cost of production for the tokens (together with ETH minting fees). This is what anchors the token's prices to the real economy, and it is the handle that allows the relative token's prices to oscillate around each other.		Proof of Work mining is necessary for Seasonal Tokens design, because it gives a real cost of production for the tokens (together with ETH minting fees). This is what anchors the token's prices to the real economy, and it is the handle that allows the relative token's prices to oscillate around each other.

			The halving of mining supply every 3 years in Seasonal Tokens (every 4 years in Bitcoin) also is a way to have an absolute maximum number of tokens produced.

			The fact that there is a finite number of bitcoins is what makes them so valuable. This digital asset is not subject to inflation. Nobody can produce Bitcoin out of thin air de-valuating the asset.

			The halving of the mining supply makes sure there will be only a bit over 33 million tokens of each type.

Mediawiki at 18:24, 16 June 2023

2023-06-16T18:24:19Z

← Older revision		Revision as of 20:24, 16 June 2023
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			In construction...

	[[File:SeasonalTokens Banner 4 XSM2.png\|1000px]]		[[File:SeasonalTokens Banner 4 XSM2.png\|1000px]]

← Older revision		Revision as of 05:49, 17 June 2023
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	[[File:SeasonalTokens Banner 4 XSM2.png\|1000px]]		[[File:SeasonalTokens Banner 4 XSM2.png\|1000px]]

	[[File:~~ST logo 3D02~~.png\|~~300px~~ \|left]]		[[ File:Btc icon.png \|200px \|left]]

	Seasonal Tokens design is based on key observations about the way Bitcoin evolved over time. Therefore we need some understanding of Bitcoin to fully appreciate the design principles behind Seasonal Tokens. Check out this [[Bitcoin Design \| Bitcoin]] summary of ideas that influenced Seasonal Tokens design.		Seasonal Tokens design is based on key observations about the way Bitcoin evolved over time. Therefore we need some understanding of Bitcoin to fully appreciate the design principles behind Seasonal Tokens. Check out this [[Bitcoin Design \| Bitcoin]] summary of ideas that influenced Seasonal Tokens design.
Line 18:		Line 18:

	[[ File:BTC price TV01.PNG \|800px \|left]]		[[ File:BTC price TV01.PNG \|800px \|left]]

			As you can appreciate, there is nothing particularly enlightening about this graph. It is hard to see the effect of the halving of the mining supply. The price changes are so large that the information is lost in the details of price fluctuations.

			If we look at the graph on a logarithmic scale, it amounts to seeing the data through a filter that let us see only order of magnitude changes. Then a pattern emerges:

			[[ File:Bitcoin price logarithmic.PNG \|800px]]


	~~[[ File:Bitcoin price logarithmic.PNG \|300px]]~~
	~~[[ File:Btc icon.png \|300px]]~~

	[[ File:Ethereum.png \|300px]]		[[ File:Ethereum.png \|300px]]

			[[File:ST logo 3D02.png\|300px \|left]]