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RE: GRC Supplementary Developments Proposal
the "trick" you're referring to is used because fiat fails regularly. inflating a price by artificially creating demand is ultimately self defeating. that's one reason why crypto was made in the first place. we will likely not need to use the economic tricks of fiat in a global digital micro-transaction multi-currency economy (buzzwords for googling).
i think there is potential to this project, but please be careful.
@jringo there is a small difference between artificially creating demand and 'converting a demand for product into a demand for currency', these are very separated things.
Here, we are burning real money converted into GRC and then burned, so it's not artificial, but "projected value" that's burned, and more important "projected" against demand of product that relies on main currency within the economy of the product itself.
I needed to explain the difference.
But i do agree it needs to be done very carefully, and not by me, by someone who knows much more.