Quote from: nobbynobbynoob on October 09, 2012, 01:32:16 AM

Quote from: Statesman on October 09, 2012, 01:28:06 AM

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)

The network difficulty level adjusts to regulate the rate of coin issuance, but this happens every 2k blocks or so, so there's a bit of a lag. A glut of miners selling fresh coin, should that happen, may well depress the exchange price vis-à-vis fiat bankster paper.

Thanks for the response.