making remaining coins 1000x more valuable, I have nothing against.
Besides, coins are still being mined, and it would make it so much more profitable.
That's short term thinking, we looking to compete, and this looks like a very desperate move, if not an outright fishy move... Would Mercbay start off the project with the bitcoin blockchain? If they will, and it holds, we can then verify their authenticity. Otherwise, this more or less a predatory move.
Protip: if someone would want to really teach us a lesson, they would push huge amount of hashing power and derail whole blockchain, or
at least push it to astronomically high diff often enough to make us leave it.
^ +1