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> If we follow your point then the difficulty adds some degree of inflation to the price. I think it's the opposite, difficulty is used to control inflation. T
by UncleEntity 9y ago
> If we follow your point then the difficulty adds some degree of inflation to the price.
I think it's the opposite, difficulty is used to control inflation. Though we could both be talking about different things -- monetary inflation vs price inflation.
> This means today's bitcoin is more valuable than tomorrow's bitcoin.
Yep, all things being equal every time they mine a block every coin becomes that much less valuable due to the increase in supply.
- thisisit 9y agoWe do seem to be talking about two different things. How do you figure difficulty affects the price inflation?