OK, I just got it. It is not pure proof of burn:
Instead of sending the pawncoin to un-spendable wallet it will be sent directly to pawncoin team and we will list the pawncoin back on the exchange for X the current value and the Btc from the sell will be use to put up buy orders for ePawncoin
However:
Because of this game plan that why we predicted $5-25 for Pawncoin because Pawncoin will be more rare and scarce as more people start to burn it and the team listing it on the exchange X the current rate. for example someone burned 5 Pawncoiin for ePawncoin and the current price was $1, we will sell it back for $2.
Pawncoins will not dissapear and will not be more rare. Because when you sell them on your exchange somebody will buy them and he will have them again back in circulation. The only reasonable thing I see here that if you sell every time on a double price, guys who buy at this price from you will not have interest to dump the coins at lower price. So this way
theoreticaly the price may go forever up.
However, what will happen when all ePawncoins are sold? Then all Pawncoins will be back in ciruclation as you will gave sold all ePawns for Pawns and then sold all Pawns (even on higher prices) for BTC or USD.
So at then end a lot of people will hang in their hands expensively bought Pawncoins, with which they can not buy more ePawncoins because they are all sold out. Then what will prevent them from dumping?
Or maybe here comes the function of the pawnshop, which will accept only Pawns. Will it accept Pawns, not ePawns? If so hopefuly guys will be stimulated to use their pawncoins to trade goods on the pawnshop instead of dumping them. However, for this to work liquidity of pawnshop must be higher than the total Pawncoin capitalisation, if you get me right. Maybe then it is best moment to implement my idea and fix the current last high Pawncoin price to physical goods on the shop. What do you think?
And another question. Is ePawncoin POS?
About time too! Thank you #altcoin ;p
