RE: UVD: A solution to volatility
Glad you're thinking about currencies, but I think you're fundamentally misunderstanding what a store of value is. If you just "pick a number" that signifies what the medium represents, then anyone can just move in an out of that medium at an infinte supply. A perfectly stable store of value comes about as liquidity goes to infinity. This is impossible, but improves when one opens up a completely free market economy in both space AND time (ie exchanges and futures/options contracts)... and most importantly has a significant supply/demand that tries to determine the price of the actual "currency" or "store of value." The U.S. dollar is the dominant global currency because it has the highest liquidity (is accepted in a very high percentage of other countries and dealt with when transacting with Earth's most precious commodity... oil). If a number is just made out of thin air by the community, then there is no market created to price the store of value, and by definition, will never be used.
Thanks for taking the time to study and comment this community project. UVD is not a store of value. It is a tool to establish value without using a currency. Once the value of a transaction is established in UVD (e.g. defining a smart contract between two parties), it can be converted on the fly in any currency at any time by the contract (e.g. when a product is delivered), without being influenced by market volatility. To thrive in a blockchain economy, one has to undo its FIAT beliefs (debt-based) and start to imagine a new value-based economy. Humans systematically use "out of thin air" systems of measurement (e.g. perceived temperature vs reading by a thermometer) to discuss and evaluate subjective perceptions. Value is a subjective measure, even if you are used to transact with currencies or tokens (see note 7). The trick here is to detach the value measurement from the token/currency objective attributes to create a purely subjective and unified tool. I will try to sponsor a proof of concept on EOS testnet and keep you posted. By using the smart contract, it will be easier to grasp UVD as a tool (not a currency).