Quote from: ranlo on January 23, 2014, 11:05:27 PM

Quote from: melodiem on January 23, 2014, 10:55:55 PM

I woke up with an idea but its just in thought stage.

Its about "dumping" DEVC on the market and the effect that has on value.

Im not a money market expert but from what I understand, DVC needs to maintain a certain value if it is going to be an effective way to pay developers/creators. Its a given that writers on devtome are going to cash out their DVC..peeps gotta eat, but what if we could somehoe slow the impact on the market?

So, my idea is a fund for developers/creators to be able to exchange their DVC for cash and purchase DVC for cash.

DVC purchased can be held and released to the market in a controlled way over the month (when prices are up?) and cash purchased with DVC could be used to purchase more DVC, creating a fund to pay for the costs of running the fund and (as it grew enough) to fund bounties for future works.

This would require an initial pool of DVC and cash (investors?) and I dont know how to make that profitable for them yet, but Im still thinking Wink

The fact that this could stabilise the price of DVC might be enough? not sure.

I am pretty sure Ive found the software to make this work but I don't have the knowledge to get this whole thing right and I dont even know if this is something the community wants or would support...its just an idea...still thinking, but input would be gratefully received.

I love the idea but I'm not sure how to make it work. There was (or is?) a similar app for Bitcoin, that works in a way that is like this but different. Essentially what that app does is takes the amount of money you deposit and you will ALWAYS have that much, such that:

*You deposit $100 when BTC is $100 each - you have 1 BTC
*BTC goes down to $50 each - you have 2 BTC
*BTC goes up to $200 each - you have 0.5 BTC

When you make a withdrawal/payment, it is based on how much you had deposited. So your value relative to BTC never goes up or down; it is static.

I like this idea too, but the static thing doesn't make sense to me. I will have to do some math, but most of what will need to happen is offsetting volume at various levels to make sure the coins stay around a certain level. Not quite sure how to make that happen, but I am sure someone on walstreet has figured it out