> It makes some sense to reward early adopters A fixed block reward (i.e. no halvings) would also have rewarded early adopters to the extent that were fewer mi

> It makes some sense to reward early adopters A fixed block reward (i.e. no halvings) would also have rewarded early adopters to the extent that were fewer miners competing with each other, but would have avoided the large wealth concentration and deter most of the speculation. You're correct to note that PoS is not a coin distribution method and thus made no sense for bitcoin.