What is HERO?

https://steemit.com/bitshares/@Stan/the-hero-from-bitshares-island-5
https://steemit.com/bitshares/@Stan/starship-bitshares-and-its-hero-warp-drive
https://bitsharestalk.org/index.php/topic,24092.0.html

    "BitShares has a new formula pegged asset (FPA) or dreamcoin called the "HERO" that is mathematically defined to appreciate annually by 5%."

HERO formula:

Feed_Price = ONE_USD * (1 + (0.05 * Years_since_launch))

'Arch Nemesis' formula:

//Vars
Launch_Block_Number = Block number close to 'go-live' launch of token.
DAYS_SINCE_LAUNCH = (Block_At_Time_Of_Feed_Update - Launch_Block_Number)/Blocks_In_One_Day

Feed_Price = [ ONE_USD | ONE_XDR ]/(1+(Reduction_Modifier*DAYS_SINCE_LAUNCH))

Why?

This would create an incentive to lend the token into existence and sell it at the feed price, as when the token decreases in value the debt will be lower. Where the HERO asset creates an incentive for buying the token, this would be an incentive to sell it. Likewise, the switch to reducing the feed price every day provides a faster opportunity for lenders to buy back their debt at a decreased price (as BTS could be fluctuating heavily).

Thoughts?

Please do post, I'd love to hear your thoughts.
Have an idea for an alternative Formula Backed Asset? I'd love to hear them!
Got a better name than 'Arch Nemesis'?
Would you trade HERO against Arch Nemesis?
What would be an appropriate reduction_modifier?

MIRRORED: https://steemit.com/bitshares/@cm-steem/for-every-hero-there-is-an-arch-nemesis-idea-for-the-opposite-to-the-hero-fpa

*bump* Has anyone been working on this? All MPA are vulnerable to this problem.

Really it is completely up to @bitcrab @alt who will be witnesses now because of the proxy power they have combined.

This does not sound decentralized. We really need a fairer representation of possible proxies rather than a static list: https://github.com/bitshares/bitshares-ui/issues/135
I think BSIP-005 would also be massively beneficial https://github.com/bitshares/bsips/blob/master/bsip-0005.md

IIRC it was a donation not an investment, guys. You got several sharedrops from your single donation.

I think paying a fixed bitUSD rate would be more sensible than paying in terms of BTS, because the committee is having to reevaluate witness pay at increasing frequencies.

RE: http://roelandp.nl/bitshareswitnesslog/ (Great site BTW):
Would it be possible to indicate historical reliability of price feeds? Perhaps the avg variance and the avg time between price feed updates over x days?
Thanks

Would you consider open-sourcing Cryptofresh if a worker proposal succeeded? Thanks