[croddin]

I think any chip image that you put on an FPGA will run faster if you turn it into an ASIC. Are you thinking self modifying code?

[rch]

Precisely. I would expect that the algorithm itself would change over time, with modifications based partially on the state of the network.

Edit: maybe the modification strategy could provide some 'proof-of-steak' protections, without burdening the system with excessive early adopter advantages.