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RE: Hertz Updates - Seeking price feed publishers!
Hertz is similar to bitUSD, except its settlement price fluctuates following a predictable sine wave depending on the time of the month. So the token will fluctuate between $0.86 and $1.14 constantly.
That much I was able to take away from your explanations. I'm wondering what the benefit is to a fluctuating pegged currency? It looks to me that it introduces more complex coins, something that is shown dramatic in the fiat world with the many complex financial instruments that industry created and caused the financial crisis in 2007/2008 and will likely causes future financial crises.
It's a new type of asset, sure but it's by no means anything like the sub prime mortgage crisis.
For one, that was in the trillions of dollars range where as this may be in the small millions if it takes off. Another reason is that the sub prime mortgage crisis was a massive fraudulent operation executed by many centralized banks - bitshares is decentralized, the asset will have proven collateral (not fraudulent) and it will fluctuate within its amplitude range where as the sub prime mortgage crisis was an uncontrollable flash crash once everyone realised they were trading garbage.
Honesty its absurd to compare the two, but if you think hertz could be a trillion dollar marketcap asset then that would mean bitshares would be worth thousands each.
I personally have nothing against new type of assets, and I also didn't intend to compare Hertz to sub prime mortgage crisis. I simple wanted to point out when adding complexity to financial instruments, the mass will not understand it. Heck, the $ sign on Steemit posts is seen by many Steemians as a US$, while it in fact isn't.Many Steemians also think that the $ value is for them, but it isn't. On crypto exchanges, many newbie or unexperienced traders/investors think USDT is US$, but it is't. That said, I do appreciate you algorithm based asset and I hope it'll gain traction! :)