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I agree that someone should fork bitcoin and fix the mining problem. But screw transaction rates, the mining difficulty shall be determined by the nodes (people
by vlasta2 13y ago
I agree that someone should fork bitcoin and fix the mining problem. But screw transaction rates, the mining difficulty shall be determined by the nodes (people) participating in the network. Periodically, every node votes and a (weighted) average determines future mining difficulty. It may be a technical problem, but it may also be the right solution. And it will make the bitcoin more democratic.
- alttab 13y agoThis kind of sounds like people setting interest rates. I've heard that's gone well for us... Twice.