I'm highly skeptical as to whether freezing coins can actually tame the market forces into a predictable/stable token value, especially with voting. Voting takes time, and the market moves instantly. Through what process do stakeholders determine what amount of coins to freeze, and can we trust them to accurately make that determination? Do you have insight on the incentive/game theory behind this, and perhaps investigated if there is any tragedy-of-the-commons scenario to look out for?
If I remember correctly, NuShares tried to do this and failed spectacularly. Let's not make the same mistakes.
this is nothing like NuShares. They have a centralized peg. First of all, they are closed source, use custodial wallets and do burning and offer insane interest for parking.
This is nothing like that, this is fully decentralized AND dynamic.
First of all votes are counted a few times per day. The markets client already has voting and we used it to decide on a fork. The ones invested are
the ones who have a vested interest in price, volume, stability.
Also you can do freezing based on an algorithm. It's not opt in like Nubits, its forced.
A person with 100 coins who hasn't moved it since it froze 50% when moving it sets aside 50 as frozen and 50 as liquid. The transfer of the liquid coins is thus immediate. If the coins inflate those 50 become more liquid and his frozen 50 become gradually available 1/50th for each 1% increase.
The amount of times we count the vote will determine how fast the coins freezes and unfreezes. If we count 24 times a day and each movement is 1% then it could be 24% (compound) inflation or deflation. If we only count the votes once per day at a change of 1% it is thus 1% max a day.
You will all get the option to download a "demo" client where we can force the freeze on client side so we can all play with it and get an idea for what is going to be the most reasonable freezing system.
These variables are absolutely critical. Its makes a big difference how often votes are counted, how much it deflates in each step etc.
Also there is a way to bypass the law entirely with frozen funds as they can be moved "slowly" so they are really "slowed funds". The slowed funds can be moved under the condition that they are locked for 1 month. I used to think 3 but am now thinking of making it 1. We should decide on that time span too because everything makes a difference.
