Quote from: Gr.Green on June 21, 2011, 04:58:06 AM

I'm surprised how many people think that mining (i.e. doing it just to get the coins) is the most important thing.

100 blocks take about 17 hours to generate. I'm talking about longer dropouts due to natural disasters, etc.

You don't have to be a miner to notice the decreasing rate of block discovery.

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It's easy to say "should suspend the acceptance of new coins created", but hard when you're faced with economic reality of supply and demand in a 24/7 economy of a busy city/country.

Hard, perhaps. Still something that should be taken under consideration if you find that your entire country is isolated from the rest of the Internet, and not just in the case of Bitcoin.

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I don't mine and I don't intend to mine.

I never have, either. Mining is still a necessary process whoever does it.

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Yes, I read the white paper (Satoshi's PDF) and it doesn't talk about the economic reality.

Yes it does.