4 ms·

Like I said, not only is this inaccurate (e.g. the rules never change in mining) You are incorrect. https://blockchain.info/charts/difficulty?timespan=all

Like I said, not only is this inaccurate (e.g. the rules never change in mining) You are incorrect. https://blockchain.info/charts/difficulty?timespan=all https://blockchain.info/charts/difficulty?timespan=all https://bitcoin.stackexchange.com/questions/40411/can-a-smart-mind-explain-block-difficulty-calculation-in-lay-terms https://bitcoin.stackexchange.com/questions/40411/can-a-smar... The topic of the story covers the history of money. The comment merely informs the history of crypto currencies like Bitcoin which is marketed as an alternative money ( "Bitcoin, an Electronic Cash System" ). The minting, economics, and game theory of said crypto currencies is the highlight of the comment in regards to money/value/exchange systems. The author of the paper, Nick Szabo, is a direct contributor to the concepts behind the current trend of crypto exchange systems. See: https://en.wikipedia.org/wiki/Medium_of_exchange https://en.wikipedia.org/wiki/Medium_of_exchange https://en.wikipedia.org/wiki/Alternative_currency https://en.wikipedia.org/wiki/Alternative_currency

CryptoPunk 9y ago
The difficulty changes don't involve a rule change. The difficulty is always determined by the same set of rules. >>The author of the paper, Nick Szabo, is a direct contributor to the concepts behind the current trend of crypto exchange systems. That only tangentially connects this to cryptocurrency. The topic of the paper is the origins of money, with a heavy emphasis on early human prehistory. Like I said, if you have an axe to grind against cryptocurrency and those who had the foresight to mine it early, save it for another thread and don't turn this one into yet another debate about it.