Some vague ways that maybe have use to supply/destroy value:
-make main token partialy leveraged(if price rises,price rises more.if falls,falls more)
-if value main token has risin compared to fixed token the excess main tokens get stored by a mechanism in chain for distribution. to fallen price fixed tokens
-contra effect on mine supply(fixed tokens far off? part of new mined coins go in this pool).
-fixed tokens larger fee (the excess fee auto stored for price correction when price is off).
-fixed tokens state is off (transactions fees parialy forced to destroy/burn or higher standart fee).
-coin ico used to correct fixed price.
Topic: Possible protocol altcoin violent price correction (Read 276 times)
Hey fellow bitcoin enthusiasts.
I was wondering why the majority of people staying away from bitcoin.
I could think of a couple of reasons like:
-people don't like the violent price.
-people like things simple like a simple account name instead of all the confusing characters of a public and private address.
-don't like to put effort at start synchroning with the block chain.
-...
So I was thinking how a possible protocol could function to fix the violent price.
Block chains like tether aren't decentralized and you have to trust the owner doesn't go bankrupt or misuses his power.
But a decentralized system doesn't has the possibility to have a real world steady assets like dollars or euros to link to the price.
So why not think of different possibilitys as protocol to fix this.
Any suggestions how this could work?
My idea was 2 chains with one token has the violent speculative price.and one chain a steady token trying to keep the price of a steady currency like dollar.
You can't just give the token a fixed price.because of supply and demand.
So you have to link the token to the value of the speculative based price.
But how would we think of way to make this possible.
The backed value has to come from somewhere and if you find a way to do this.there becomes a problem with the ability to lock a price.the market will manipulate this with pumped unsustainable price to lock.
I was wondering why the majority of people staying away from bitcoin.
I could think of a couple of reasons like:
-people don't like the violent price.
-people like things simple like a simple account name instead of all the confusing characters of a public and private address.
-don't like to put effort at start synchroning with the block chain.
-...
So I was thinking how a possible protocol could function to fix the violent price.
Block chains like tether aren't decentralized and you have to trust the owner doesn't go bankrupt or misuses his power.
But a decentralized system doesn't has the possibility to have a real world steady assets like dollars or euros to link to the price.
So why not think of different possibilitys as protocol to fix this.
Any suggestions how this could work?
My idea was 2 chains with one token has the violent speculative price.and one chain a steady token trying to keep the price of a steady currency like dollar.
You can't just give the token a fixed price.because of supply and demand.
So you have to link the token to the value of the speculative based price.
But how would we think of way to make this possible.
The backed value has to come from somewhere and if you find a way to do this.there becomes a problem with the ability to lock a price.the market will manipulate this with pumped unsustainable price to lock.
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