Comparing fiat to crypto is apples to oranges. Replacing one fiat with another is not the same thing as replacing fiat with a non-government currency. I think you are arguing details and failing to see the point.
Your emission scheme is just that - a scheme. Why would you want to peg to something you want to replace? That doesn't make sense. My guess is you're an older fellow who just can't wrap your head around life without the USD.
It takes years of brainwashing, like majoring in Economics-style-brainwashing, to think deflationary currencies are bad and elastic money supplies are good. Its the foolishness, if not downright insanity, of thinking that there is a magic algo or philosopher kings who can decide what the volume and value of money should be on any given day rather than leaving it to the market.
Right, let's just get this straight.
The US dollar is not volatile compared to Bitcoin. Furthermore, the volatility in the day that it has typically varies around the same price range, while Bitcoin can swing by huge percentages in the course of a few days.
People here
can imagine a life without USD, but that's just it: imagining. It will take time because Bitcoin's volatility is based on people's confidence, which is not as high as it will be yet.
Sure, it's not 100% accurate (the Big Mac Index is pretty close), but it's a damn good way to determine what the value and spending power of your Bitcoin is and what it has been in the few years that it's existed for.
Bitcoin is volatile in terms of US Dollars. My point to dinofelis is: So what? Why is that a problem?
Another question for dinofelis: Why do people/businesses accept US Dollars in the first place?