Monetary Policy Proposal from benjaminrhoffman 30 Jan 2023 - slight rebasing, no lockup

In the absence of excess demand for goods and services denominated in ECO, there’s no compelling case for a lockup, which would effectively be a transfer from ECO holders ready to transact, to ECO holders committed to not transacting during the lockup period.

The current ECO price is around 1.1% higher than its longest recent plateau, so I propose increasing the supply linearly by 1.1% to compensate. The longer ECO has a relatively stable trading price, the more potential participants should empirically expect future price stability. Once there is a large market of goods and services denominated in ECO, we can use that market data preferentially to trading prices in terms of other currencies to make decisions, but for now the trading price and volume is what we have.