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Comment Re:A metric for price (Score 4, Informative) 290

> If there isn't enough mining going on to produce the mining rewards that should be awarded daily, the difficulty will quarter every two weeks until the rewards are enough to incentivize miners to continue doing so.

The difficulty only gets changed after the number of blocks since the last adjustment have been met. If less people mine, blocks take longer, blocks take longer, adjustment takes longer. So if people keep dropping out, it'll be a lot more than two weeks for the next adjustment.

Comment Yeah, easy for you (Score 4, Insightful) 130

When Mr. Durov sold his stake in VKontakte last December, there was speculation it was worth a few hundred million dollars. Mr. Durov would not give a specific figure, citing a nondisclosure agreement.
[...]
“I’m very happy right now without any property anywhere,” he added. “I consider myself a legal citizen of the world.”

When your net-worth is 7 figures at a minimum, that's a bit easier to do.

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