Editing Permissioned resource coins (section)

=== Adjusting for price fluctuations ===

By allocating storage space between farmers in a programmable resource coin, it solves the supply problem. But that is still only half of the solution. What good is it to control the supply if you still have a coin whose value fluctuates in price for storage space? A complete solution would therefore need to use a USD-peg… here’s how that might work:

# An oracle signs a USD quote for 1 resource coins every N blocks.
# A payment channel is initialized using the most recent quote as reference.
# Every update to the micropayment channel must use the most recent quote, if it falls behind the payment channel must be closed.

The way to accomplish this is to use bidirectional micropayment channels. What will happen is the amount sent in channels will be adjusted based on fluctuations to the USD quote price, to maintain a stable USD ratio for storage space cost. Thus, the debt that a side owes may be increased or decreased based on changes to the price of the underlying coin.

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