+1 for halving all coins in circulation. Would they completely disappear? What would the process be?

It's not even been a week. Nothing is lost, besides a couple of auctions. Continuing on a path that would provide an excessive emission is far more detrimental than causing some level of discomfort with the small group involved right now.

End of the day, if you're here now and have been here . . you're still an early adopter.

I think this would set a strange trend for setting debasement in the currency . . but at this point we're all just a group of people who ran a hash function for a week . . not part of some game-changing currency.

Give it a shot and if it all goes to hell make a new fork.