Sorry, but this makes no sense. 5% of today's hashrate could 51% attack the coin.
Seriously, all these discussions lately about changing fundamental stuff just because people are not happy with the price are tiring.
Changing the fundamentals of a coin because you want an immediate increase in price is wrong. Given the stability of XMR despite the fact that it is everything but user friendly for the average Joe, and all the attacks, I'd say the fundamentals in terms of emissions are about perfect.
Seriously, all these discussions lately about changing fundamental stuff just because people are not happy with the price are tiring.
Changing the fundamentals of a coin because you want an immediate increase in price is wrong. Given the stability of XMR despite the fact that it is everything but user friendly for the average Joe, and all the attacks, I'd say the fundamentals in terms of emissions are about perfect.
AMEN
You know what would be an interesting experiment. Actually trying it. Because my theory is that a change like this would make the price go down, exactly the opposite of what people usually proposing such changes intend.
No, I'm not seriously suggesting this for XMR, but I would love to see the experiment happen.
No you don't want to try it, I have seen this experiment happen before, it was after Dogecoin decided not to fix the emission limit, I remember some whales talked to the devs to reconsider at no avail, the result you see today, a dying coin with no hopes, with a community getting its fix of small good news and micro pumps once in a while. A coin need whale and investors.
I personally think inflation is an extremely important thing, that's not yet taken seriously. A defaltionary currency encourages holding (fixed supply, naturally increasing demand=rising price) and not spending, thus the holders hold on to it, until they spent it, which drives the cycle down and the currency will loose more and more rapidly value until it starts again to rise and the cycle of death continues, which no economy can sustain. Just look over at Japan and you can clearly see how much it has failed. While inflation may discourage holders and investors in the early days and drive down the price short teram, it is extremely important "to redistribute the wealth from the holders to the spenders" (Anonymint somewhere in this thread) to allow an exononmy to work properly. The only reason this is working out currently with Bitcoin is that it will take years until it is deflationary and so far it's inflation has worked out to great effect(?)
Perhaps some of what you say may be true in certain cases, but with regards to Bitcoin I think it's fairly clear that the current rate of 10% yearly inflation is doing a fair amount of harm. There doesn't appear to be sufficient demand yet to sustain some of the higher prices that have been touched on by Bitcoin in the last year.
If Bitcoin was fully mined, such as Quark, there would be nobody even remotely interested in buying it, and the price would be down even more, with no sign or prospect of recovery.
