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I think it's possible to do that, though that wouldn't really be Bitcoin anymore. If the difficulty were fluctuating with the same amount of computing power ou
by smaps 12y ago
I think it's possible to do that, though that wouldn't really be Bitcoin anymore. If the difficulty were fluctuating with the same amount of computing power out there, the block time would be changing a lot.
This would make for different amounts of bitcoins being released rather than the (fairly) predictable current schedule.
- swalsh 12y ago"This would make for different amounts of bitcoins being released rather than the (fairly) predictable current schedule." This is kind of the point. A predictable release of new bitcoins into the economy has no basis in good economics.
- patcon 12y agoThe main point of blocks is not to release bitcoins -- it's to timestamp and "lock in" blocks of transactions. You want to vary the reward or fees of you do anything here :)