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
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.
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
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 think this is a interesting idea, your right that the people earning devcoin are going to cash out at some point. How would the cash conversion work? Would I send in coins and have cash shipped to my home? How much is needed and could this qualify as a bounty? Also would you be keeping transaction fees?
Great idea,
-AM