Quote from: Gabi on October 08, 2012, 10:01:39 PM

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I say that because I don't imagine the developers being ready to increase difficulty/reduce block rewards at a perfect 1:1 ratio against the increase in hash/s

Nonononono. This is totally wrong!

No one increase or decrease the difficulty! There is no one behind bitcoin, there is only MATH. Developers can only watch, that's all what they can do: watch, nothing more.
Difficulty depend on total hashing power Wink

And reward is reduced after a certain number of blocks, roughly the number of blocks found in 4 years

Good to know, I feel a little better about the whole situation. My main concern still is the undetermined about of hashing power that will go online when ASICs deliver. Would that not increase the volume of BTC available, thus driving down the price?(Against USD/EUR)