I urge you to reconsider your vote on the basis of the other comments that myself and others have left on this post proposal now that it has progressed to the in-game governance system.
There are many comments so I don't see which one you are in agreement with. I'm happy to reconsider if I saw any that made sense to me. I'd like to hear your thoughts.
I will say that I don't agree with these stated negatives:
this will drain the DAO of funds and be the end of the DAO if DEC goes lower or we get hacked.
If that happened to any meaningful degree, then the 500k in DAO funds would mean nothing in relation to the roughly $100m in total assets across the board. In other words we are always open to this risk, the DAO funds are irrelevant.
people will sell into it, and buy back later and make a profit.
Meaningless in the overall system. If people buy and sell the same amount of the token, then it doesn't matter. In order for this to be negative, people would have to argue this will make people leave that otherwise wouldn't. With the token trading roughly 86% of par, I don't see how the DAO paying up to 95% would do anything more than give a few people leaving a few extra $s.
people that talk about SPS inflation creating and endless negative loop
I don't agree with this at all. I'm happy to explain if anyone wants me to, but I'm very confident that
On the positive side I think its good to tighten up the slack in the system by having the DAO soak up a SMALL amount of DEC. I certainly don't think its meaningful though, and really not a big deal either way. The only way our whole economy grows is by increasing demand for assets. Right now the game has determined that DEC is the priority, but in reality it doesn't matter which one they picked as they need more assets coming in than leaving.
Again I respect you @holoz0r and would be happy to consider your arguments, so feel free to either write them publicly here or you can also DM me in discord anytime.
I urge you to reconsider your vote on the basis of the other comments that myself and others have left on this post proposal now that it has progressed to the in-game governance system.
There are many comments so I don't see which one you are in agreement with. I'm happy to reconsider if I saw any that made sense to me. I'd like to hear your thoughts.
I will say that I don't agree with these stated negatives:
this will drain the DAO of funds and be the end of the DAO if DEC goes lower or we get hacked.
If that happened to any meaningful degree, then the 500k in DAO funds would mean nothing in relation to the roughly $100m in total assets across the board. In other words we are always open to this risk, the DAO funds are irrelevant.
people will sell into it, and buy back later and make a profit.
Meaningless in the overall system. If people buy and sell the same amount of the token, then it doesn't matter. In order for this to be negative, people would have to argue this will make people leave that otherwise wouldn't. With the token trading roughly 86% of par, I don't see how the DAO paying up to 95% would do anything more than give a few people leaving a few extra $s.
people that talk about SPS inflation creating and endless negative loop
I don't agree with this at all. I'm happy to explain if anyone wants me to, but I'm very confident that
On the positive side I think its good to tighten up the slack in the system by having the DAO soak up a SMALL amount of DEC. I certainly don't think its meaningful though, and really not a big deal either way. The only way our whole economy grows is by increasing demand for assets. Right now the game has determined that DEC is the priority, but in reality it doesn't matter which one they picked as they need more assets coming in than leaving.
Again I respect you @holoz0r and would be happy to consider your arguments, so feel free to either write them publicly here or you can also DM me in discord anytime.