pinhead26

As the price drops, lots of miners are switching off their hardware and the difficulty is dropping. At some point, there will be all this mining hardware "locked and loaded," waiting in the wings while the difficulty drops... Is there a potential attack vector in which a big miner can take advantage of a significant drop in difficulty?

There is no doubt that at this time, Bitcoin is inflationary. The money supply is designed to increase rapidly during the "bootstrapping" phase. It is also designed be less and less inflationary as time goes on, and eventually be deflationary. It will be interesting to see if the original distribution plan Satoshi designed will work or not. Lots of alt coins have different distribution schedules, and will provide interesting trials as the crypto-currency experiment rolls forth.

Thanks for AMAAing, Andreas:

In your opinion, how important is decentralization to the future of Bitcoin? Is it in your top 10 concerns about Bitcoin? What could lead to "bad" centralization, what do we need to do to prevent that and what are the trade-offs in ensuring Bitcoin stays decentralized?

What has to be done to bitcoin? Is it just a single OP code addition?

But predictable or not, could a miner with a huge amount of hash power in a low-difficulty situation attack the network in any way?