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Author Topic: How warranty of decreasing growth ?  (Read 805 times)
Frodek (OP)
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October 27, 2011, 07:06:06 PM
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Increments of coins have decrease:
http://en.wikipedia.org/wiki/File:Total_bitcoins_over_time.png
it is recorded in the client permanently
but what happens when in a few years will see a new client version of the money supply of 100% per year ? whether the majority will go on this client?
but it will allow greater profits from mining.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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ElectricMucus
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October 27, 2011, 07:13:40 PM
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Exactly that, there would emerge 2 incompatible blockchains if may people decide to abandon the decreased block reward and some don't.
Frodek (OP)
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October 27, 2011, 08:42:25 PM
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If I understand correctly: instead replacing of the client,  emerge two currencies : Bitcoin and inflatcoin, and we will always can become at Bitcoin?
Normally when there is a new currency, the amount of coins that have users is independent of other currencies. (a bit confusing, sorry I not a native Polish)
But when the rise inflatcoin, whether in the blocks will have the information how many coins has Bitcoin address?
Bitcoin and inflatcoin will share addresses?
I.Goldstein
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October 27, 2011, 08:43:55 PM
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Yes, we will always can become at Bitcoin. In the blocks will have the information how many coin has Bitcoin address. That is absolutely correct.
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