with that thought, can't the code of bitcoin be altered? meaning, we're in age in AI and can't supply be change or can't the code be hack or break?

The impact is not discussed yet, so I would help out there. So seeing that the Bitcoin price is based on Supply and demand, then we should conclude that if the supply is reduced, then the price should go up. <depending if the demand is still the same>

In theory, if you have less of something and a lot of people are looking for that, then the price will have to go up , because the demand is higher than the supply. ^smile^

The amount of new bitcoin created and earned by miners with each new block of transactions is about to be cut in half. This is part of bitcoin’s predictable, transparent monetary policy, which can be verified in the source code available on the Bitcoin Core GitHub repository.

there are 3 things that shouldn't be confused with each other:
1. altcoins forked from bitcoin
an altcoin that is forked from bitcoin is simply an altcoin that copies the code. for example Litecoin is a fork of bitcoin. it copied the code, changed a bunch of stuff (algorithm, supply, time between blocks,...) and created a new coin.

2. the thing we call "forked coins"
these are useless shitcoins that are created from a popular project like bitcoin to abuse the "brand name" and make some money. examples are Bitcoin Cash, Bitcoin Gold, Bitcoin Private,... there is no point in their existence, they are not doing anything and they will die eventually.
these forked coins are both using the code and  the blockchain of the original project.

3. bitcoin forks.
you can call them "upgrades". it can be to add or remove functionality, to fix a bug,... for example the soft fork we had last year to add Segregated Witness.


supply does NOT fall. it is constantly increasing with each new block. the only thing that is changing is the "rate" of its increase.

That is a fork. I believe flying_bit is asking about something else.


Remember that the Bitcoin network is constantly attacked everyday. But if a "bad" node, or miner, tries to broadcast an invalid transaction or an invalid block, all the other nodes connected to it will never ever propagate it to the rest of the network. The same with blocks.

You would have to "hack" all nodes in the network at the same time if you want that to happen. You have to understand that Bitcoin nodes are like servers and clients at the same time.


I believe you need to read the documentation, https://bitcoin.org/en/developer-guide#block-chain

Take your time.

Halving is the a portions of btc which will be scored in half achive by the miners based on this its helps to increase price and it helps to do many things also this is good for crypto world based on this happen after every 4 years and the next event will be 2020.

The block reward halves approximately every 4 years, this increases the scarcity of Bitcoin over time as newly minted bitcoins will not enter circulation as quickly as previous years, this also means that after the halving, it is likely that the value of bitcoin will rise because older bitcoins inherit additional rarity due to this change. When you combine this with the gradually increasing block difficulty, it's clear why BTC is deflationary, and self-sustains its own growth.

It has been explained already. Read the posts above you instead of repeating answers that are there for everyone to see.
Also, I don't get why you guys are trying to coin some strange combo of halving and happening (fappening?). The event is called halving.
Next one in 2020, by that time BTC will be either on the moon or in deep shit, so I doubt halving will have a significant impact on the prices, itf that's what you're hoping for. It will all play out much earlier.