Marty's Ƀent Issue #542: An ode to the difficulty adjustment This is why the difficulty adjustment is so vital to Bitcoin as an incentive system with built-in checks and balances. Without it, Bitcoin's distribution schedule would be unpredictable.
Marty's Ƀent Issue #406: Gather round now Without the ability to adjust the difficulty, assuming that Bitcoin had value and miners were joining the network, blocks would come in way too fast, expediting the issuance to the point where Bitcoin wouldn't be good as a money.
