Correct. The amount of hashing power is correlated with how difficult it is to manipulate the network, but not with the rate at which coins are mined or transactions are processed.
I expect this to drop off after the reward halving. It's a constant zero sum game, but I don't expect the halving to propel the price so much that the hashing power is maintainable.
I expect this to drop off after the reward halving. It's a constant zero sum game, but I don't expect the halving to propel the price so much that the hashing power is maintainable.