I think that we can do both approaches. We could support two tokens as a project: DeVCoin and DeVDollar for two different purposes:
- DeVCoin token: speculative, free & wild market!
- DeVDollar token: stable coin for paying beneficiaries
In regards to "stable coin", we could use the trusted USDT token on Stellar:
https://stellar.expert/explorer/public/asset/USDT-GCQTGZQQ5G4PTM2GL7CDIFKUBIPEC52BROAQIAPW53XBRJVN6ZJVTG6VThis is what could happen on every Devcoin round:
- Buy X amount of USDT with external reserves(STEEM, HIVE, SBD, HBD, etc)
- Use half of available USDT to buy DevCoin (build up the buy side)
- Put the other half into the treasury and release an equivalent amount of DeVDollars (1:1 ratio)
Eventually, if we need to issue more DeVCoin tokens, the Devcoin Foundation should burn as much as required Devcoins (the actual coins) from its own reserve (OpenSourceFund + friends).
- develCuy
I'm all for the plan you've come up with. It may need some more fleshing out and refinement but I think that it's a solid plan and would help achieve everything we need in terms of helping DVC become more desirable, thus building up a reason for people to create new use cases (such as gaming sites, shops, etc.), creating a cyclic effect.