Now that I think about it, it seems like Bitcoin was designed to create this problem. The protocol produces blocks at an (on average) constant rate, but the val

Now that I think about it, it seems like Bitcoin was designed to create this problem. The protocol produces blocks at an (on average) constant rate, but the value of finding a block decreases exponentially. This gives a significant advantage to the initial investor. I understand that the point of this exponential decay was to that, after the currency was bootstrapped, there would be a constant supply. However, couldn't this be accomplished with a constant, or increasing, rate of production in the beginning, then let the rate decline at the end?