Quote from: DeathAndTaxes on November 11, 2011, 02:19:22 PM

Quote from: walidzohair on November 11, 2011, 02:13:47 PM

I still think overmining is teh problem. yet I am expecting teh invention of a new technology that can mine 100,000 BTC a day.

But teh question is how many world wide would belive in it after all the BTCs have been harvested and daily transactions are pice of cake ?

Do you understand how difficulty works. There is no invention that can generate more than 7,200 BTC daily for the entire planet. In about a year that will be 3,600 BTC daily.

2016 blocks = 100800 BTC. At the start of a new difficulty, a dedicated agency like the NSA could probably mine 100,000 BTC in a day. Keeping the same hashrate they could mine another 100,000 in four days at the new difficulty they set. If you doubt this, remember the NSA has their own chip fab...they might have even tested their tech, search for "mystery miner"...

Getting back on topic, I'm ready to go bounce these cats...