Rob, everyone at Biblepay,

I have an idea that I think would be much better than 'opening the floodgates'.  Instead of changing the requirements for mining, I believe we should instead incorporate a concurrent stable coin feature into Biblepay.  The way it would work is to allow people that hold BBP to burn BBP into a stable coin called BBPD.  The value of 1 BBPD=1 USD, and the way you would get BBPD is by burning the value amount of BBP into the equivalent amount of USD.  To keep things simple, say BBP traded for .01 and I had 100 BBP.  Then I could burn 100 BBP into 1 BBPD.  BBPD should also trade as a pair with the USD.  So 1 BBPD:1 USD.  Holders of BBPD would not be allowed to burn their BBPD and remint BBP.  What would be ideal, to get people to want to purchase BBPD over buying BTC and then BBP would be if BBPD would allow the BBPD holder to buy BBP at a discount, say a 20% discount.  Since there will be a difficult time acquiring BBPD, people will still seek to acquire BBP through BTC by paying the full price, because of the diminishing supply over time.  People will want to burn their BBP into BBPD when BBP pumps because they can lock in value without selling to introduce supply.  You would want to only offer the 20% discount to buyers of BBPD and not the BBP burners so that BBP burners cannot just burn their BBP and turn around and buy more BBP for 20% less, so the discount would only happen with a change in ownership from one pool of BBP addresses to another owner's pool of BBP addresses.  

The benefit of BBPD other than offering the buyer of BBPD a 20% discount would be that it would help merchant adoption of cryptocurrency with the ability to lock in BBP price as a stable coin.  So if you actually wanted to buy something with BBP, the merchant would be able to accept your BBP and then immediately burn the BBP into BBPD.  

If (which is doubtful) the entire supply of BBP ever became fully burned, Rob or the development team could reinstantiate the total supply of BBP and convert all holdings of BBPD back to BBP.  If one wanted to remain in BBPD all they would have to do is reburn their transaction back to BBPD.  

So in summary, a stable coin feature should help with the amount of total supply of BBP by giving people incentive to lock in good BBP prices into BBPD.  It should help with demand of BBP because introducing this feature in this way would be a first in crypto.  There is anther Monero fork that is working on a burn and mint stable coin feature but as of today, they are allowing the stable coin holders to remint back into the primary currency, which doesn't enforce a cap on outstanding supply; the total outstanding supply could become well in excess of the total amount mined.  A BBP stable coin feature would help with adoption among merchants.  

Anyway, I hope we consider this idea as a community instead of voting to open the floodgates on mining.