In the
Galactic Milieu we like to be able to compute the per coin value of a currency by adding up the total "treasury" or "warchest" of the Nation, Corp, Civilisation or whatever that "issues" the currency and dividing that total by the number of coins minted.
This calculation is of course easier for coins that are no longer "minting" new coins.
Thus for a long time the Ixians within
MUDgaard and the character known as Ix on the
CrossCiv server have been piling up as many assets as they can with which for form an "IXCorp" Corp that can take upon itself the mantle of being the "backer" of IXCoin, the Corp whose full faith and wealth etcetera is supposed, if only within the game, to be in effect the issuer of the "IOUs" known as IXCoins.
I did a search to see whether IXCorp, like so many other Corps within the Milieu, has a thread here, but the only mention of IXCorp a search of the Altcoin Discussion section found was in the "Volume versus Liquidity" discussion thread
https://bitcointalksearch.org/topic/volume-is-anti-liquidity-1303473In DeVCoin's official thread I have posted about a Corp known as DVC, which hopefully will eventually serve to be how we compute the value of a DeVCoin; that is, we will add up the assets of DVC and divide that total by the number of DeVCoins in existence to determine a "fundamental" value of a DeVCoin.
What the Ixian clan and the character known as Ix are trying to do is to pile up enough assets to make it feasible to do the same for IXCoin.
Basically what they need to do initially is pile up assets whose value adds up to 21 million multiplied by the approximate "going rate" that so called "price discovery" (exchanges, markets) has come up with for an IXCoin.
IXCoin having had such pathetically low prices on exchanges lately is actually helpful toward this effort, since it lowers the size of the pile they will need to accumulate in order to be able to be feasible as the "backer" of the coin.
I have just posted a bunch on the DeVCoin thread about how the DVC one is going; I will soon be consulting with Ix and the Ixians and other interesed parties about the proposed IXCorp.
Note that this is all part of the game, to determine the in game value of various in game assets, in no way should it be construed as being a "security" on the mythical
planet known as earth.
-MarkM-