the basic idea behind this is a good one, but there are economics laws that you are ignoring.

You have no way to set a price for a coin. Once it hits an exchange the market will tell you what it's worth unless you are holding the coins hostage or you have the funds in reserve to back each coin. You do not have this.

I admire the thinking here though, and I'm curious how you plan on enforcing this - because I'd like to just print up two million of whatever currency I like as well.