I like that concept, but can only hope to scratch a few mBTC together in time.
But some questions sprung to mind:
What happens to SRF funds that don't find a sell order? Put on hold like missed buys to be fulfilled at next chance or reinvested into more hashing power?
The POS is 1% per year of newly minted coins?
Is it 1% of currently available coins or fixed at 1000 coins per year (1% of 100,000 coins total)
So if the price raises high enough that the SRF wouldn't manage to buy back at least 1% of coins in a year the amount of coins could raise again and together these two mechanisms could form an equilibrium one day, countering market forces with SRF buying back more coins if the price drops, strengthening the bullish forces in a weak market, and with POS adding coins strengthening the bearish forces while SRF being weakened in a strong market?
Interesting indeed.
Hi Tortoise75,
Those are some very good questions. In the case that the sell order book is completely empty, the SRF will be used to boost buy support, and daily revenue will be used to add to the highest buy order in the buy orderbook, until sell orders re-appear so the usual may continue.
The 1% inflation is based off how many coins are in circulation.
In the unlikely but possible chance that DeltaCredit's value will increase by 18,250% from the ICO price(increase in value by 182.5 times, considering that in the worst case scenario the SRF will only be able to purchase 0.5% of the supply per day, based off a constant ICO price), and if the SRF will be unable to at least cover the 1% annual inflation, a hard fork will be implemented to lower the annual inflation rate to 0.1%.
All the best,
Adam
Poll
