Did we ever get a definite limit supply?
Yes and No. The same situation - Ethereum
Difficult increase
that makes zero sense. increasing difficulty as network hash rate increases is not going to reduce the output. so long as block time is 13 seconds and the reward is 12 the same number of coins will be minted. they would need to either reduce reward or increase block time...
It makes sense. Difficulty grows on a logarithmic scale
first year - price pril ~8 $
Next year - to the moon
It doesnt make sense.
Difficulty increase as network hashrate increases, coz higher hashrate means faster block time, then DIFFICULTY kicks in to reduce block times and keep them under set range (13 seconds). But as network hashrate grows, that mean more miners join the club and you get less coins as coins are spread out to more people. But each day, same amount of coins enter the market. Doesnt matter is it 1 miner and 0.1 difficulty or 10000000000 miners and 1000T difficulty.