Bitcoin Forum
July 22, 2018, 01:41:50 PM *
News: Latest stable version of Bitcoin Core: 0.16.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: bitcoin production curve  (Read 1418 times)
gubi66
Sr. Member
****
Offline Offline

Activity: 316
Merit: 265



View Profile
September 24, 2013, 05:28:06 AM
 #1

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

Thanks


Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1532266910
Hero Member
*
Offline Offline

Posts: 1532266910

View Profile Personal Message (Offline)

Ignore
1532266910
Reply with quote  #2

1532266910
Report to moderator
1532266910
Hero Member
*
Offline Offline

Posts: 1532266910

View Profile Personal Message (Offline)

Ignore
1532266910
Reply with quote  #2

1532266910
Report to moderator
1532266910
Hero Member
*
Offline Offline

Posts: 1532266910

View Profile Personal Message (Offline)

Ignore
1532266910
Reply with quote  #2

1532266910
Report to moderator
mezzomix
Legendary
*
Online Online

Activity: 2114
Merit: 1067


View Profile
September 24, 2013, 07:01:24 AM
 #2

I think the reason is KISS.
gmaxwell
Staff
Legendary
*
Offline Offline

Activity: 2464
Merit: 1335



View Profile
September 24, 2013, 02:43:33 PM
 #3

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.

Bitcoin will not be compromised
DannyHamilton
Legendary
*
Offline Offline

Activity: 2198
Merit: 1370



View Profile
September 25, 2013, 07:34:20 PM
 #4

Hi everybody,
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.

cp1
Hero Member
*****
Offline Offline

Activity: 616
Merit: 500


Stop using branwallets


View Profile
September 26, 2013, 04:50:10 AM
 #5

I guess it front loads the reward to help with adoption.

Guide to armory offline install on USB key:  https://bitcointalk.org/index.php?topic=241730.0
DannyHamilton
Legendary
*
Offline Offline

Activity: 2198
Merit: 1370



View Profile
September 26, 2013, 04:53:11 AM
 #6

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.

cp1
Hero Member
*****
Offline Offline

Activity: 616
Merit: 500


Stop using branwallets


View Profile
September 26, 2013, 06:44:10 AM
 #7

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.

Guide to armory offline install on USB key:  https://bitcointalk.org/index.php?topic=241730.0
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!