Re: Will the difficulty of mining keep on going up forever?
Difficulty will keep going up forever but at a slower pace. I believe we would see a drop when after the bitcoin halving..
That isn't actually true according to what I have read. It fluctuates according to how many blocks are found at a given speed. So if blocks are not being found fast enough, the difficulty will actually decrease to make it so that blocks are found more easily, I believe the time they try is every 10 minutes, someone can please correct me if I am wrong though.
the new question should be, will the difficulty will keep going
The question to be asked will the GAW-ZEN-PAYCOIN GROUP destroy or damage bitcoin as much as they did to LTC
If they succeed with the tactics and methods they used against lite coin they will surprise me. I would say they could be
A) good for us all
B) bad for us all
C) somewhere in the middle _______________________ this is my best guess. they hang around do okay and bleed off some bitcoin users. thus rates stay okay for btc
Lol. Why do you keep insisting that Paycoin MINING will have anything to do with the BTC network hashrate? POW mining for XPY is done on Friday. All ASICs will switch back to BTC as soon as that happens. And that will the last we hear of Paycoin.
if paycoin works and is legit it is a better product in many ways. for me I prefer BTC but many people in the world would rather the ease of using paycoin over the harder to use bitcoin.
So if paycoin delivers on the promise of easy acceptance with a visa card concept people will want it over bitcoin. Thus harming BTC 's perceived value. Think of how FaceBook really hurt MySpace.
Oh c'mon now! Don't most of us know that Paycoin/GAW is just a sophisticated long con? Homero "Jeff" Garza will go down as the Bernie Madoff/Enron of crypto currency.
No! no one know's that . boy lots of no's .
It is a probability game. Now if you are one my mining buddies in south jersey you have more then 15k on the line saying he is not Bernie Madoff. Plus 2k in mining gear for other coins. So he is 15 to 2 in his favor.
If you are me you have 10k in btc coins and the gear to mine more btc with under .5k with paycoin so I am 20 to 1 against him.
Gaw also made about 2k for me back in August-Sept. I took it out and switched it to btc.
So do I know they are a fraud no. but I hold only a little of it just in case.