Edit - How would you do price discovery ?
I do not know what exactly do you mean but let me add to the OP idea.
Shares of the fund are prices in bitUSD. New ones are issued @ 'Current value'
'Current value' is = bitUSD holdings + #BTSX in position of the fund / current feed price - D
*D is expected donation in the next n days (n=30 days for example).
This formula is grossly underestimating the true future value of the fund, most of the time.
How about this slight improvement. The new customer is give a choice - $100/$200 right now or $125/$250 in the growth fund ‘New user worth’
Any estimate of how much btsx the fund would need to be viable?
Would funds be returned if minimums are not met (within a reasonable time - say 1 month)?
I believe 5% initially (5%of the total BTSX supply will be great). Even with 1% worth trying, IMHO.
We should give the idea a chance for about 9mo before declaring it not working, imo.