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j"1LAnZuoQdcKCkpDBKQMCgziGMoPC4VQUckMd<div class="post">So in other words, "the early adopter finds the worm" in this system.<br/> <br/> This would mean that - the earlier someone gets in on the bitcoin system establishing a node, the more chance they have of becoming lucky and being able to generate coins. Nothing against that, it would work to promote adoption of the system.<br/> <br/> However there should also be a method of adjusting the total number of coins extant. I would propose to link the total number of coins to the number of active nods.<br/> <br/> This way, you have two parameters that keep a balance. One is the halving of coins given per block, the other is a continual (or periodic?) adjustment of the target total of coins to the number of active users. That should self-balance the system.<br/> <br/> The reason balance of the system is important: if it's going to be used for payments, you don't want to have large changes in the value of the coins. It would lead to distortions, I believe, by continually increasing the "purchasing power" of a single coin.<br/> <br/> Stability of the coins' value is desirable for long term use.</div> text/html