It doesn't really front load the reward any more than a smooth curve.
It's not by a ton, but at the first reward halving it's generated about 25% more bitcoins than a smooth curve would have.
Topic: bitcoin production curve (Read 1493 times)
It's not by a ton, but at the first reward halving it's generated about 25% more bitcoins than a smooth curve would have.
I guess it front loads the reward to help with adoption.
It doesn't really front load the reward any more than a smooth curve.
I guess it front loads the reward to help with adoption.
Hi everybody,
there is a reason why the bitcoin production curve is not smooth and instead there is an halve every 4 years?
Thanks
there is a reason why the bitcoin production curve is not smooth and instead there is an halve every 4 years?
Thanks
Since Satoshi is no longer around answering questions, any answer you get is just going to be an educated guess.
My guess?
The math is easier that way.
You can make a bunch of arguments either way. E.g. piecewise constant makes it easier to justify capital purchases, simplifies accounting. etc.
I think ultimately it doesn't matter much... and the geometric decline is much easier to implement without numerical precision issues gumming things up.
I think ultimately it doesn't matter much... and the geometric decline is much easier to implement without numerical precision issues gumming things up.
I think the reason is KISS.
Hi everybody,
there is a reason why the bitcoin production curve is not smooth and instead there is an halve every 4 years?
Thanks
there is a reason why the bitcoin production curve is not smooth and instead there is an halve every 4 years?
Thanks
Jump to: