A few ideas have started to be tossed around by players of the
Galactic Milieu along the lines of whether it is time to consider adding some kind of "auxilliary" treasury alongside the "official treasury" from which the game computes a "computed value" for each unit of an asset simply by dividing the total value of the treasury by the number of units minted.
The idea basically is that possibly just having the single treasury plus all the slush funds, so that only usually about half of an asset's total holdings counts as official treasury from which to calculate the value of each of the asset's units minted, is not really sufficing to convey the asset's value, as witnessed by over a decade now of trying to "float" such assets on spot markets.
It is already well known within the Milieu that spot markets are stunningly "inefficient" tools, especially at low trade volumes, for attempting to "discover" value by "discovering" prices.
But not only would it be as difficult for the Milieu to measure actual depth across all known spot markets to arrive at an "auxilliary treasury" value as to attempt to derive value per unit from spot markets, but for no clear reason none of the "aggregator sites" along the lines of CoinMarketCap and CoinGecko do that for us as far as I am aware. Nor come to think of it do they even acknowledge the existence of most of the spot markets on which we can conveniently "list" our assets.
Thus arises the idea that maybe when initially launching a treasury-based asset a civilisation or Corp divide their holdings into three, rather than only two, piles; one to put into an official treasury as already is normal, one to leave in one's slush funds as too is already normal, but a third to put into something to be termed an auxilliary treasury, AUXTR for short.
There had already been some ongoing discussion as to whether the initial holdings should be divided into three parts anyway, with the idea the third part would be the warchest of buy-offers deployed on spot markets to buy back one's asset; so the latest question has become whether or not there should actually be four parts, the buy-side's warchest
and an auxilliary treasury being the third and fourth parts.
Which brings us up to date, where folks are throwing around ideas whereby those latter two parts would both be served by an AUXPOW by having the AUXPOW include a process for withdrawing from it and making that process accessible in the form of some kind of market or auction system so that entities desiring to redeem the asset for its calculated value according to its AUXPOW (as distinct from and separate from and not including its calculate value according to its "official treasury" that is already in place) could do so through some process that gives them some amount of choice as to which exact assets
in the auxilliary treasury, and how many or what proportion of each, the redemption would be paid out in.
Since these seem like matters upon which some ideas and suggestions from outsiders might be helpful, I posted this post...
-MarkM-
