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RE: "I like to think the DEC that goes to the DAO burned"

in Splinterlands11 months ago

Just one idea. If we believe in the flyweel and believe in the future of increasing sps price, wouldnt it be good to swap DAO Dec into SPS?
Yes it would increase DEC supply but at the same time take sps from the market into DAO treasury. It would now reduce more SPS supply than later when SPS has a higher value.
What do you think about this?
Swapping DEC into SPS should benefit the flyweel. If not immideately than latest short or mid term.

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That will be market manipulation and someone will go to jail for that and that won't be me. Vugtis wrote the following to Aggy and this is set in stone:

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Hmm did not think about this, but in my oppinion it is not price manipulation. Its more like buying back shares as a company. And it is completely transparent.

One thing I do not understand about this "See DEC in DAO as burned". Hiw is the DAO earning anything of value, to pay SPL for new editions or other tasks, if the DAO cannot use at least parts of its income from these deals?

As I explained in the end, the last sentence of my post, we can. In a distant future with much higher prices when we are flushed in cash, we can.