I see difficulty going up Quite a bit which is expected.
But currently on the blockchain we have had 7 blocks a hour. At times less. Which is around 1 block every 10 minutes. If mining Power doesn't rise to the point of Mining Blocks Much quicker will the difficulty stop rising so fast or how does that work. Its hard to think miners would keep going if the difficulty got to the point that we had 7 blocks in 2 hours or more.
Also how does this adversely impact bitcoin as a whole seeing as my last 2 transactions took 30 minutes to over an hour to get just 3 confirmations. Doesn't having confirmations that slow hurt us?
Sometimes, luck play important role too. And for confirmations, even if the difficulty increase it will also take about 10 minute per confirmations, because the difficulty would just change accordingly..