Post
Topic
Board Altcoin Discussion
Re: What's the point of reducing block rewards over time?
by
ecliptic
on 17/01/2014, 21:05:33 UTC
The actual reason is to make money of course, everything anyone else says is lies, FUD and disinfo

quark took this to the extreme and it made them millions in less than half a year.

The actual reason is to create a finite supply.
the reason they choke off supply is to raise price for a given demand Wink

of course this greed has gone to the extreme with premine/PoS coins like NXT where they use a block reward that halves every 0 seconds Wink