Quote from: hashcoin on July 01, 2011, 03:43:06 AM

Quote from: dennis_sweden on July 01, 2011, 03:35:13 AM

Your argument about today's price instability and your proposal of a fixed difficulty certainly hold some weight; however, for maximum stability I would propse a scheme under which the number of coins is fixed in accordance with computational power increasing and making it easier to create blocks.

Again, realize any such limit put in place is only giving you security through hoping everyone else is too lazy to write a new client. If 51% want unlimited coins, you have two options: you give it to them, or they fuck with your network nonstop wreaking havoc.

and re: democracoin name I pulled it out of my ass, I would not actually call it something like that Tongue

. I would call them hashcoins.

The idea of not having a deflationary currency which would not massively benefit early adopters is in my view better than the how Btc is set up. As you say, many people do not find Btc atractive at all due to this circumstance. But if the opposite is true, that if a constellation of very powerful computers wanted inflation and there is no possible way of stopping them from getting their will through - how is this scheme better as opposed to different from Btc. This is a genuine question - I have no programming skills whatsoever.