Post
Topic
Board Economics
Re: Difficulty.....It can't keep going up 30% each increase.
by
piramida
on 24/12/2013, 10:46:05 UTC
there were gentlemen's agreements proposed about things like this a while back. They go as far back as the transition from cpu to gpu.

https://bitcointalk.org/index.php?topic=12.msg54#msg54

satoshi may be a genius but he really misjudged human nature there Smiley not everyone is as unselfish as him. in fact, mostly everyone is not, such people are a rare exception. no gentlemen's agreement can ever work where money and more than two people are involved...