A mixed-money solution for Gridcoin adoption, or Gridcoin as coupon.
Businesses can accelerate the adoption of Gridcoin by accepting mixed Gridcoin+USD transactions and establishing gridcoin’s value as a coupon.
Here is an example:
A house painter accepts a Gridcoin as one basis point discount on his price. So for a paint job that would normally cost $2,000, the buyer could contribute a Gridcoin a discount of 0.01% to the USD price. So 500 GRC would reduce the price by $100, a substantially greater value than trading GRC for dollars.
This solves several important problems plaguing Gridcoin
1). Removes the inflation issue
2). A mixed-money purchase derisks a business from exchange rate risk
3). Provides a self interested reason for merchants to accept GRC
4). Encourages the businesses receiving GRC to go spend them, increasing the velocity of money.
5). Creates a parallel exchange rate for GRC that is much more valuable than the GRC on the open market.
I know this is a bit convoluted, and in some ways counter intuitive, but I firmly believe this is a crucial intermediate step to encourage widespread Gridcoin adoption.