I joined the Telegram, the owner greeted me but didn't give me posting access so not sure what is up with that.
So I am posting here being as how evidently the telegram isn't actually looking real hard for any input right now.
I read backwards quite a way, then jumped a big jump farther back and started reading forward, so far I haven't reached the part I'd already read-backward.
This all takes a while, as did reading this thread from start to finish before heading off to join the Telegram channel.
Right now I am looking at posts in Telegram wanting pretty badly to be able to calculate a "price" per COMB token.
The asker wants actually an algorithmically calculated approximation of what it actually cost the last little while to "claim" newly minted COMB tokens.
However as you will see if you kindly take the time to take a look at my sort of "curriculum vitae" page
https://MakeMoney.Knotwork.com/ I have a bit of an agenda of my own, one which I do not consider at all "at odds with" haircomb because just like it was what led me to stumble upon bitcoin way back when before pizza day happened or this forum was set up, my same old long term life's work type agenda is what led me to "stumble upon" haircomb.
The thing is, haircomb seems to be much the very kind of under the radar and/or under-appreciated antique and/or classic coin or token or asset that my
Galactic Milieu loves to adopt.
It just so happens that in the Galactic Milieu we learned long long ago that "spot markets" are notoriously "inefficient" and "irrational" and also that one typically cannot expect, let alone rely upon, players to run around acting as market-makers and arbitrageurs sufficiently industriously and continuously and reliably to be able to make the spot markets actually make much if any sense as a value discovery mechanism for the game or maybe even for much of anything.
Thus, in the Galactic Milieu we use what we refer to as "treasury-based assets", which amounts to kind-of a reverse of the so called "market cap" that sites such as CoinMarketCap and CoinGecko like to use.
Basically in the Milieu we like to provide our assets each with a "treasury", so that we can divide the total value of the "treasury" by the existing number of units of the asset to calculate a value per unit.
I can see of course that haircomb's uncertainty as to how many COMB units have been claimed over the years blurs the numbers, but in the Galactic Milieu we really don't fret much or really maybe at all about supposedly-lost coins, and hey there is at least one cool story behind that, likely actually several, but we can get into them later...
The thing is, for haircomb we can just decide that every possible COMB unit that could have been minted
was minted; heck we could even, if you want to nit-pick, go through all the bitcoin blocks removing from our count any that exhibit absolutely no possible way that block could have minted any COMB, presumably due to not having a single transaction in the block of a type that could conceivably contain a minting of COMB.
So from a Galactic Milieu perspective, if some "civilisation" or "Corp" or clan or guild or society or association or whatever (generically, "group") wanted to adopt COMB as its currency, it would make a whole lot of sense to start out by providing it with a "treasury".
Then it would be relatively trivial to obtain some kind of count, if only simply by assuming each and every bitcoin block since COMB was launched did in fact mint some COMB, of how many COMB could theoretically have been minted; and from that calculate a value per COMB.
Nonetheless, since ideally we don't want to build a treasury so huge that building the buy-side order-books up enough to have the spot market prices be somewhere up toward the value calculated from the "treasury" would prove problematic, it would still be useful to have at least some kind of a ballpark idea of what kind of target value we ought to be aiming at as we build the treasury.
I don't recall off hand at what bitcoin block COMB began, but do remember we probably don't want to just look at what block bitcoin is at at a given moment but also to subtract from that some number of blocks assumed to have been "before COMB's time".
But overall it seems very feasible to whip up a "treasury" that would provide COMB with a per unit value hopefully at least somewhat higher than the typical cost of claiming it, so that if eventual spot markets somehow managed to be efficient enough and rational enough to put its spot market price at least as high as its cost-to-claim our treasury-based calculated value would come out as somewhat higher than that.
We want our treasury-based calculated values to often or even typically be higher than typical spot market prices because if the spot market price were to catch up with the treasury-based calculated value then the civilisation or Corp or clan or guild etc (group) whose currency it supposedly "is" would be justified in putting more stuff into the "treasury" so as to increase the calculated value.
Thus rather than rush them into playing catch-up we might as well try to make the initial treasury already sufficient as it were, putting the "onus" on the builders of the buy-sides of the order-books on the spot markets to play catch-up.
-MarkM-
P.S. Don't fret about where the civ/corp/whatever will get the wherewithal to populate a treasury, remember Milieu folk date way way way back to when even bitcoin itself was ridiculously dirt-cheap...
P.P.S. YL on telegram posted "I want to make a wrapped comb, but I need help with setting up the swap to haircomb portion." In the Milieu we don't mint tokens "on the fly" like example code for e.g. the Stellar platform would have one do; we want to actually have twice as many of the "wrapped" aka "tokenised" thing than we issue tokens representing, so that even after using one half to "redeem" our tokens we still hold the other half that the tokens actually represent, so that our tokens still have their full intended value even after we have "bought them back". Think of it as "200% reserve" as contrasted to the familiar "fractional reserve" typical in planet-Earth banking...
P.P.P.S. Still reading Telegram, I see a long tension about usability and also concerns over number of actual bitcoin-blockchain interactions (likely mostly concerning due to it being relatively a high-fee chain). I already don't use bitcoin a lot and avoid ethereum entirely because of fees but glitches or awkwardness of underlying blockchain/asset is often part of the appeal of tokenised assets. A lot of the coins used in the Galactic Milieu for example are Proof of Work chains thus very expensive to secure, but one can secure those of its coins that you choose to tokenise by putting a block-checksum checkpoint into the clients so they know never to allow a re-org to go back to before that checkpoint, and tokenise only coins dating back to before that checkpoint. That is part of why the Milieu tradition is to only tokenise half of the on-blockchain coins it actually has: it can thus never actually move on the blockchain the ones its tokens actually represent, using the other half of those it actually has to buy back its tokens leaving still one real on the blockchain coin un-moved for the token to represent even after buying back its token. So it being difficult to the point of unlikeliness that "the public" will ever transact actual COMB might not need to be such a big problem to "adoption" as some stuff on the Telegram seems to think or imply if "the public" can very simply and easily transact tokens instead; plus of course using the Stellar platform any user can at any time simply issue their very own COMB IOUs on Stellar for anyone who chooses to trust them for any number of them...
