Hi everybody,
there is a reason why the bitcoin production curve is not smooth and instead there is an halve every 4 years?

Thanks

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 guess it front loads the reward to help with adoption.

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.