Quote from: directedbit on April 16, 2013, 09:26:16 AM

Guiding principles of EM Coin

Supply adjusting for demand is better.
How?
The mining reward is a factor of the PoW so if the coins become popular, price goes up, more miners will join, reward will go up, more coins will be introduced introduced stabilizing the price. If the price goes down the opposite will happen
...

There is enough great work done by many people to enable a coin with these properties to be built with little effort and a meagre amount of skill. The currency would be as close to a boring public utility as possible and not
a speculative instrument to reward early adopters or traders.

Feedback?

I had the same notion and agree with you 100%. The problem: mining difficulty/hashrate is almost certainly a lagging indicator of price, meaning you could very easily cause a drop in price, followed by a further devaluation because you just flooded the market with new coins. If you could come up with a leading indicator of price and tie the reward to that, I think it would be better.