RE: Current Events May 2025
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I have thought a lot about some sort of stable coin as well that could out pace inflation but was tied to an ever expanding revenue stream. I have really racked my brain on it and don't have a great solution.
Possibly a mechanism like the Hive Backed Dollar but instead of paying the funds as earnings it was utilized to slide the buy volume up to a slightly higher price over time so the price keeps going up.
The underlying system would always have to keep expanding and generating more revenue.
Work has to be done or it has to track back to energy or be onboarding more and more active participants and not be viewed as a ponzi or sound like a ponzi.
Me brainstorming has me thinking if there was a sweat coin type economy were people were getting paid for moving around and watching ads and various things like playing games or sports betting but in a lot of ways that already is the HIVE ecosystem. Really i could see it being done as a debt against HIVE like HBD but the price was just set to steadily increase relative to a dollar. And then have similar debt ratio fail safes. The number would generally be up and to the right.
JLP is sort of like that in a way. Seems like it relies on the success of Jupiter and Solana and the expansion of liquidity on Jupiter.
https://www.coingecko.com/en/coins/jupiter-perpetuals-liquidity-provider-token
It's no secret that algo stable coins like HBD make Hive more volatile.
The stability of HBD is outsourced into increased volatility for Hive.
What we require is a volatility derivative that stabilizes the main token.
Basically if the price of the main token gets too high (above targeted projections) then you print the main token out of thin air and use it to buy up the volatility token. And if the price of the main token gets too low you print the volatility token out of thin air to pump the main token. The only question becomes how to exactly manage the targets and the incentives to provide liquidity.
This is the main solution I've been able to think of to provide elasticity to the market.
Unfortunately that's not realistic and exactly why the legacy economy is doomed to fail.
These assets need to be able to find stability and allow the system to get smaller while still operating as intended. Otherwise it's just an ever-expanding cancerous ponzi doomed to collapse.
It's tough to solve for sure because it takes so much energy to produce any value for anything really.
lot's of time, energy, and also a lot of risk
the thing you build could end up being completely worthless
not cool!