Moore's Law and Cryptocurrencies

[Willisius]

I've seen some coins here talk about using Moore's Law in difficulty calculation. The thing is, Moore's Law will no longer be applicable in a decade or two. The phenomenon of quantum tunneling prevents transistors from getting small enough to meet the predictions made using Moore's Law.

Are coins developed with this in mind? If not, their difficulties might rise beyond intended levels. Perhaps the magnitude of the rise would be negligible?

[1715306364]

1715306364

[1715306364]

1715306364

[Willisius]

Self-bumping in search of knowledge.

[unent]

The new 3D transistors might keep increasing computer power for a while yet.

http://www.zdnet.com/blog/btl/intel-moores-law-has-been-cubed-welcome-to-3-d-transistors/48216

[r0ach]

We will replace it with Doge's law

[Bit_Happy]

We will replace it with Doge's law

Wow.
What does that mean?

[MicroGuy]

I've seen some coins here talk about using Moore's Law in difficulty calculation. The thing is, Moore's Law will no longer be applicable in a decade or two. The phenomenon of quantum tunneling prevents transistors from getting small enough to meet the predictions made using Moore's Law.

Are coins developed with this in mind? If not, their difficulties might rise beyond intended levels. Perhaps the magnitude of the rise would be negligible?

I think as computers evolve, cryptocurrencies will evolve. Difficulty algos can always be tweaked.

[beetterer1]

I think the new knowledge and science is to find a breakthrough in the face of suffering in, the only way we can continue to progress.

[TanteStefana]

I am not quite sure on this, but I believe eduffield was the first to use moore's law at the beginning of Darkcoin's life.  His algorithm didn't work out as he planned and he had to adjust it.  You can read about the birth of Darkcoin in a little post he made here:

https://www.darkcointalk.org/threads/the-birth-of-darkcoin.162/#post-1002

I believe he only used the algorithm in order to smoothly reduce the rewards instead of the way bitcoin reduces the rewards every 4 years I big steps.  Not really anything to do with future technology, but I could be wrong

[slavo]

nanotube are coming :p

http://www.technologyreview.com/news/519421/the-first-carbon-nanotube-computer/