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Reed | 8 months ago (raw) | root | parent | reply | flag 
 The fact remains that miners are literally being subsidized... It's even called a block subsidy.  And this subsidy does put downward pressure on the price meaning that the supply inflation is literally devaluing all holders Bitcoin.
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Conor21m | 8 months ago (raw) | root | parent | reply | flag +1 
 I get your point, but it's debatable how strong it is and will be in the coming years as the subsidy continues to decrease into irrelevance. 

Also, 21m is the magic number, as per my previous comment. Do you measure how much bitcoin you have as a fraction of 19.8m or 21m? If 21m, then there is no dilution, no inflation. 

Back to miners. They do work, they get paid. I do work, I get paid. Nobody increases supply for work.
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Reed | 8 months ago (raw) | root | parent | reply | flag 
 Yea I'm just pointing out what is literally happening, not what impact it has on human psychology. It absolutely will completely go away in 2140, and will be irrelevant in the next 5-10 years.

But yea today miners are still primarily getting paid via subsidy not by tx fees.  So yes they are doing work and we all agree it's fair and we all agree they they should be subsidized, but we are printing money to pay them.