yes your saying that it wouldn't matter because every one will just vote to do a rolling peg and we can continuously increase the peg to anther higher dollar value. But when the market roll out and the value of the usd keeps dropping then there will be lest bitbays in circulation for the market for some periods of time.As time goes on we would vote more often to off set inflation . with cny we would freeze coin lest often and more bays in circulation for the market, not only that but the value "should" keep going up as it is now avoiding another freeze .Just thinking of the future
.Also look at this website
https://www.cia.gov/library/publications/the-world-factbook/rankorder/2187rank.html it show how much a country net trade in goods and services, plus net earnings. Guess where usa is at.
If I understand you correct, you are arguing that the choice of currency influences how often we have to freeze and release bay. That is not correct other than possibly as a minor influence on a very long term (and no one knows the future). The problems you are addressing are very relevant on the other hand; how often shall we vote for freezing or releasing bay. For instance we will have to release a lot of bay for christmas shopping (some retailers have up to 70% of their yearly sale for christmas), and then we will have to much bay available after christmas.
This is one of the hard ones, and thus one of the reason we still have pegging in the workshop. Obviously it's not practical to vote to often. Voting should be for the major decisions. So we are looking at different combinations of automation and incentives to voluntary freeze, so we don't have to do a voted freeze/release for every fluctuation in the market. The goal is to have a little more bay released than we think is needed at any (most) time. This "surplus" bay we want to be able to control into voluntary freeze/release through incentives to handle fluctuations in the need for bay. It is of course possible to handle this with a buy wall that is big enough, but we want to keep that as small as possible because money locked in a buy wall has a "lost opportunity" cost.
As to your link that shows net trade and earnings, that does not say anything about how much a currency is used. Nr. 3,5, and 6 on that list are oil nations. I'll pick nr. 6, Norway, because I know something about it. Norway has it's own currency, Norwegian kroner (Nkr). But the wast majority of Norways trade is done in US$ and euro. Much of Norways savings are also held in US$ and euro. Nkr is only used domestically. In fact, in alot of countries you would have a hard time buing local currencies for Nkr. The US$ on the other hand is used in the whole world. In several countries it's actually more wanted than the local currency.
@HouseOP: The choice of US$ is not a political statement. In fact I'm not sure if it would be possible to find political topics where the bay team would agree among our self.
