Transaction

j"1LAnZuoQdcKCkpDBKQMCgziGMoPC4VQUckMC<div class="post"><div class="quoteheader"><a href="https://bitcointalk.org/index.php?topic=2122.msg27612#msg27612">Quote from: FreeMoney on December 07, 2010, 04:06:59 AM</a></div><div class="quote">Whats the general plan here? No reduction in names/block I assume? Won't this make the first blocks incredible valuable and later blocks less valuable as the goodness of remaining names declines? Maybe it should start really low (1?) and move up gradually to a stable amount (100?)?<br/></div><br/>This was on another thread but is relevant here. It is true, the first domain name is likely much more valuable than the millionth. So even if we don't reduce the number of DCC per block, the value will decrease much like Bitcoin does by halving the block reward every two years. That means transaction fees might have to rise substantially over time.<br/><br/>Is it worth considering to increase the block creation rate above 6 per hour? If we generate blocks every 5 minutes or even every 2-3 minutes instead of every 10, that would be another way to speed up domain name availability.</div> text/html