I never understood why the block reward isn't adjusted gradually (each consecutive block having a slightly lower reward), rather than by halving it every X number of blocks. Any idea?
I'm sure someone better qualified can come up with that answer. I just post dick jokes.
Satoshi certainly had amazing foresight in many areas, block rewards falling off a cliff every few years like clockwork doesn't seem very connected to how the real world works to me but there must be a compelling reason why, or maybe it was just a load easier to code.