Quote from: TradeFortress on May 13, 2013, 10:07:38 PM

Quote from: mr_random on May 13, 2013, 10:03:01 PM

Quote from: thesnoo23 on May 13, 2013, 09:50:55 PM

Quote from: mr_random on May 13, 2013, 09:44:35 PM

So is this 'elastic block' stuff a bullshit marketing gimmick or is it actually different from Litecoin, Terracoin etc

Did you read any of the thread? The block reward is based on network difficulty

Well higher hashrate = higher block reward, but higher hashrate = less chance of finding a block. So I am not seeing anything special happen here? Please tell me if I am wrong...

Higher hash rate means less chances to find a block for a miner N, but overall with difficulty the rate of monetary creation will be constant.

constant - for the individual miner
but overall: monetary hyperinflation.

But it won't get there, it'll die because nobody with brains will buy it.