I find this whitepaper to be far too abstract. Can you describe some real-world examples (or even imaginary-world examples) of how this would work?
Links between hop and real world stem from data submitted by PoS miners. ... PoS Miners are expected to submit true price reports due to their financial interest in hop's success.
This only links "hop" to real-world data. Fine, prices on "hop" are reflective of real-world prices. But...
Hop offers its users the opportunity to exchange units of USD value and bitcion value on a decentralized trustless platform.
Hopdollars and Hopbits sound more like units which have the price of USD and price of bitcoin written on them. Having the price written on it is not what gives it value. What will give them value is the ability to exchange these units for "real" USD, or actual BTC. How will someone exchange hopbits for bitcoins and hopdollars for dollars? Otherwise you would just have a decentralized ledger where people are trading hopbits for hopdollars (but never actual BTC or redeemable USD).