Doing what you suggested would very much destroy any value existing in BTC. The USD is not actually a reference in terms of store of value.
It's deflationary property is a feature, not a flaw.
Not proposing doing anything to Bitcoin, it's an idea for controlling the supply of a new crypto-currency.
| It's deflationary property is a feature, not a flaw.
I studied this while getting my economics degree. Methinks you are missing some important behavioral dynamics related to interest rate interactions with consumption and investment.
Here's a lesson from the fed: http://www.philadelphiafed.org/education/teachers/resources/...
It's tends to not be a popular opinion around here (there are probably a few with vested interests), but Bitcoin as a currency is fatally flawed. It's supply is structured so that Bitcoin perpetually increases in value, thereby perpetually slowing down the velocity of Bitcoin transactions.