The "gold rush" was engineered in to build up the basic level of hardware needed to make the system useful, and now that there are a lot of bitcoin machines doing transactions we no longer need to hand out a reward for showing up.
Very good point. But I suspect the "gold rush" also was engineered to make the (still anonymous) originators of the system very rich. It's a beautiful thing to not just discover, but to actually *create* a gold mine, then to engineer it to make the initial gold mining far cheaper than for those who follow. In this case, though, the initial "gold" becomes valuable only after a critical mass of miners shows up.
Slashdot Mirror
The "gold rush" was engineered in to build up the basic level of hardware needed to make the system useful, and now that there are a lot of bitcoin machines doing transactions we no longer need to hand out a reward for showing up.
Very good point. But I suspect the "gold rush" also was engineered to make the (still anonymous) originators of the system very rich. It's a beautiful thing to not just discover, but to actually *create* a gold mine, then to engineer it to make the initial gold mining far cheaper than for those who follow. In this case, though, the initial "gold" becomes valuable only after a critical mass of miners shows up.
We can now look forward to even more product placements on TV, such as the carefully aimed Snapple cups on "America's Got Talent".
Brooks' law doubtless applies. To maximize productivity, I recommend that the size of DNA programming teams be limited to two .