> subject to decline every time the compute power to "mine" the Bitcoins got cheaper
But the network reacts to that by making it more difficult, and thus more expensive, to mine. That's very much not the reason bitcoins become less valuable - assuming the same amount of money being poured into newer/faster mining equipment, it'll always cost the same to mine a block.
But the network reacts to that by making it more difficult, and thus more expensive, to mine. That's very much not the reason bitcoins become less valuable - assuming the same amount of money being poured into newer/faster mining equipment, it'll always cost the same to mine a block.