This block reward decrease is mostly about eliminating the dilution and providing a 30 year incentive to continue mining. If we were to mint all coins within 3 years, miners would only participate with higher minimum transaction fees. Fees like that could cripple a coin before it gets off the ground.
"To extend the amount of time before relying on fee's to support the network."
I like the sounds of that.
Strangely enough we have been almost the entire day at about 2.5 - 3 GHash, .... i can not explain where that comes from at these low CSC market rates???
Myself included but I'm sure anyone who mines reads these forums and knows of the prospects for the future!
Is anyone still mining here? I occasionally use my 280x but its just not powerful enough to be worth the stress on it.