The rules are there and have been agreed to, it is not going to change
The reason they are high is for firstly the betting system to be able to work, secondly a large number of games ensures the winner is determined more by skill level and less by luck. In addition, generally speaking the difficulty is finding a time you are both available, the difficulty is not that time bracket you have found to meet in being too short I anticipate that will not change in this event.
I do not want to clutter this thread with people disagreeing with the rules, if you wish to continue this discussion take it to PMs or find me in IRC, when I am online you will be able to find me in #events.