One of the first governance topics we need to discuss is the metric we use for assessing the market value for labor. I propose that the pseudo-stable price point of the liquidity app should be the standard for assessing labor.
Here is an example:
Assume a developer is usually compensated at $60 USD per hour, but is willing to work for PSF tokens. The pseudo-stable price point is 200 tokens-per-BCH, but the actual exchange rate is free to fluctuate.
In this situation, I propose the developer would be compensated at $60 per hour based on the market value of 200 tokens-per-BCH, subject to the market price for BCH.
Assuming the price of BCH is $200/BCH, the math would look like this:
60 $/hr X 1 BCH/$200 X 200 PSF/1 BCH = 60 tokens per hour
This is in contrast to paying them at the current market-price of the token, which will fluctuate, based on the liquidity app. This math would be:
60 $/hr X ? tokens/$ = ?
The value of the token would be in-flux, due to usage of the liquidity app, and could be manipulated over short-periods of time.
By compensating labor based on the pseudo-stable price point, it greatly simplifies the compensation and ensures all parties are being paid fairly, while still respecting the market-value for their labor.
Andrew Goslin started a proposal Sun 29 Nov 2020
Pairing Closed Thu 31 Dec 2020
Global Trade Unit (GTU/PSF) token pair- listed when my site moved from weebley to wp and ( plugin) used for trsfing-
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