Post
Topic
Board Pools
Re: [8500 GH/s] Slush's Pool (mining.bitcoin.cz); TX FEES + UserDiff; ASIC tested
by
Psyrick
on 06/06/2013, 05:11:19 UTC
Just had a thought about the bitcoin network's dynamics. The increasing diffuculty to match the total hash rate offers the bitcoin end user greater security through harder levels of encryption within the blockchain. But not really, since a 51% attack is still a growing possibility. Meanwhile, the fact that blocks come out at the same average rate means transaction won't reach confirmations any faster. That doesn't seem fair enough to the users of a growing network. If block reward quantities were frequently adjusted for total network rate, while the difficulty increased at a more steady and easy rate, we could still be cutting from the same size of pie, and block solution rate could actually represent our total hashing power. Perhaps that would be a problem with all the <10s blocks we'd be getting, though. Thoughts on the matter?