This has been asked very recently:

http://sourceforge.net/mailarchive/forum.php?forum_name=bitcoin-development

And a thousand times on bitcointalk.


On 12/10/13, Jameson Lopp <jameson.l...@gmail.com> wrote:
>
> "no reliance on external data" ... "depending on various factors (coin
> valuation/exchange rate"
>
> ಠ_ಠ
> --
> Jameson Lopp
> Software Engineer
> Bronto Software
>
> On 12/10/2013 11:23 AM, Jan Kučera wrote:
>> Basically there would be no reliance on external data as the network
>> itself
>> would decide on reward height and everybody node would be free to do so.
>> Each network node would determine the popularity on its own depending on
>> various factors (coin valuation/exchange rate, number of transactions and
>> many others) and basically come up with its own block reward value.
>
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-- 
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