This will cause a one time inflation spike of 10% on hive, but it's much better than the current system we have, which risks of leading to a lot of inflation

This is highly debatable. Some people, like you for example, might be very concerned about potential high inflation, and would welcome the certainty of a one-time spike. Others who see it more as a risk-benefit balance between potential inflation and potential deflation (with very possibly an overall benefit) would certainly not see a guaranteed 10% inflation hit as a good trade.