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    emdje
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    January 08, 2015, 12:28:04 PM
     #1941

    Valid points are being made here. Something indeed must be done about the stagnation in respects to mining. As said, a side chain is created to test out potential algorithms for a better difficulty adjustment. However, a blatant reduction of difficulty without adjustment of block reward would result in a to high coin production. This would result in a stable supply regardless of demand (the thought is that when demand goes down, mining goes down), which in turn would diminish the coins value. In order to control for demand in some way this test chain is set up and people are testing various things out. The basic idea is to stabilise the block time, whilst adjusting the block reward to control for demand. I don't know the details and technicalities but I do know they are working on it. First results are in, and what they tested now adjusted fine to the upwards side, but very slowly downwards, tweaking is on the way.

    Hopefully I have not shared anything that is not true, but this is how I came to understand what is going on.
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