Quote from: dalamar96 on January 24, 2014, 02:09:01 AM

Quote from: melodiem on January 24, 2014, 02:01:25 AM

Quote from: weisoq on January 24, 2014, 01:31:30 AM

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

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

Your idea is basically for a bank. I'm not sure of the practical workings for that, if only for the fact that if I know the DVC pool is a perpetual buyer at price X, what happens when I'm happy to sell at X-1 (i.e. the pool would need potentially unlimited funds).

Im not sure its a bank, since its not offering to hold funds for anyone (apart from investors) It would be closer to a money exchange if there is a FIAT equivalent but your comment made me think..it has co-operative elements as well.

Its boggling my brain a bit so I'm off to have a little think and try to get this down on paper. Sorry I dont have a clearer view yet but in my head first thing this morning it all just worked.. if I could just find that "Eureka" again Id be right lol

Kinda more reminds me of the Federal Reserve to control inflation and what not...

Maybe it is, I am still not sure, but the federal reserve has different motivations (inflation) the motivation behind this is circulation coins and accepting people obviously NEED to sell their DVC when they get paid out, (or else they would hold them to make more money wouldn't they?)without flooding the market every month.. At the end of the day this is affecting price overall and the people cashing out are not getting the best they could either.

In a FIAT world my gold coin is worth a gold coin...in a Devcoin world its scary how much my one coin can change in value overnight. As someone who is now working from home, I can tell you this is not really a great way to get paid for work...

(yet?)

so ...in this idea, if user A buys DVC to spend on phone cards or mobile phones or websites (any other products available for DVC yet?) and user B sells his DVC for cash, then user A ends up circulating the coins user B cashed in..and the phone-card/mobile phone or website seller has somewhere to cash in those same coins, so they can circulate again, without having to play the "money market" but actually supporting the market by not playing it......kind of ...sorry that's such a simplistic idea, but Im struggling to explain an unformed idea Wink

It would also make DVC based commerce simpler if there was an exchange like this, purchasing DVC should be as easy as cashing them in for it to work. Ideally, if this fund could offer (on average) the median buy price from the exchanges, and list DVC at a higher sell price on the same exchanges, it could have a stabilising effect on the market (depending on volume from what I understand from an earlier post regarding sell and buy sides? please correct me if this is wrong) and potentially bring a return for investors as well as building a fund to support developers/creators that don't really fit the "devcoin developer" model. (for example I would love to see indigenous artists in really remote areas supported by DVC and beyond the reach of red tape BS....but that's a personal dream Wink

And Im no closer to writing this up because I keep coming back to re-read what I already wrote and what you guys have said lol