This idea is aimed to make out of SmartCash more robust and stable financial asset.
Task: achieve better price stability and better image in the eyes of potential users, businesses and add to price stability. Avoid value and reputation losses.
Solution: certain limitation of monthly community budget spending in conjunction to monthly trading volume over all non zero-fee exchanges. Simply speaking, community projects should not be priced more than liquidity allows.
How to calculate the exact numbers? Probably, collective thinking may result in some viable rules.
Further progress: for projects exceeding available monthly budget spending there may be an option with delayed payment solution.
These are just initial thoughts that ideally be developed into something elegant and efficient with help of experienced economists. I think, the solution is a must in the future, yet it may already become a good development starting from here.
If community projects aren’t price-limited, one day SmartCash may see a seemingly awesome expensive project approved by the vast majority, yet being a worst investment ever as most of SmartCash users aren’t intended to be professional investors. This may result in significant price swings, value depreciation and reputation loss. In order to avoid this, any project should be limited in price as community budget is enormous even in comparison to all smart in circulation.