Sure, we users are paying for that block reward. Just like fiat holders are paying for fiat money that's "created out of thin air." Sure, you still have the $100 you put in a mattress 10 years ago, but now it's worth less. Same with BTC -- every newly minted coin debases the worth of your coin by 1/21-millionth.
bitcoiners dont care about the short term inflation every 10 minutes. as they see the overall deflation of every 4 years leading to an ultimate rarity of 21million..
thats why bitcoin should for economics purposes not be compared to fiat. that has no inflation control. but to gold, which miners dig out more gold every day, but know eventually it will run out and every X time they dig it. it gets harder and harder to dig.
EG. 2011 (gpu mining) was like pickaxe mining, 2012 FPGA mining was like dynamite mining. and now ASIC mining is like excavator mining. getting harder and harder to mine which makes the valuation increase, as long as there is demand.
I don't care if "bitcoiners don't care," I care. Fiat users don't care about their fiat being debased either, which doesn't change the fact that fiat is continuously being "created out of thin air." Just like 25 BTC are mined roughly every 9 minutes.
The fact that hashpower is becoming cheaper is as irrelevant to Bitcoin security as the dollar price of BTC -- it's simultaneously becoming cheaper for the potential attacker.
It's irrelevant how much more or less each coin is worth. Hashpower secures the network. We're paying 25BTC every 10 minutes to secure the network now.
If BTC becomes more expensive, that only means the incentive to haxx0r it is proportionally greater, so it's pointless to denominate security in anything *but* BTC. Follow?
its irrelevant how much more or less each coin is worth?
but the first quote was talking about every newly minted coin debasing the worth of the coin...
"we" are not paying for it physically.. as there are 15,000,000 coins in circulation at a $400 average value each.. so 25btc extra is just a 0.000167% impact.
meaning on $400.. every 10 minutes a new reward can affect the value by 0.06c.
Yeah, just like fiat. What's your point?
which if there wasnt demand. speculation on good news days or increase of usefulness.. the price would decline by 6cents every 10 minutes, based on the logic of inflation..
but human decision and overal knowledge of the long term scarcity and deflationary 4 year events, makes that 6cent decrease unnoticable
Please. All the shitcoins (well, most, anyhow) are also based on overall scarcity. And yet... most of them are worth exactly what the name implies: shit.
you seriously believe this 
).