Dave your response is hard for me to dissect.
I'm all for the DAO making $ - it should! i just don't like the way this proposal wants the DAO to make money. It competes for ROI directly against all those who lock up funds (already with a diminishing return) so they can vote on proposals such as this.
If you gain some momentum with 100 SPS for Riftwatcher packs i will vote - yes. I haven't really thought about that one too much.
edit: Might not have much staked SPS left to vote with if you keep lowering the return though hahaha
edit 2: your 'short term thinking...' sentence triggered me, so i apologies for my edited first response
From a pure investment perspective (where I as the investor want the best yield for myself no matter what else happens around me), the DAO SPS is not liquid (unless we vote to spend it on something like buying DEC for the LPs etc).
So, this proposal removes liquid SPS from the market. It puts it into the hands of an entity that won't sell it.
If the market cap of SPS is $100 million dollars and there are 100 million SPS, then your SPS is worth $1.
The price of SPS is determined based on the demand for the liquid tradeable SPS.
If the DAO (through initiatives like this one) gets 50 million SPS in the scenario above and the demand for SPS remains constant, the price of SPS will go up roughly 100% because people still need it to do other things, but there is 100% less of it around to trade.
And the best part for that scenario is that those of us with the 50,000,000 SPS are all partial owners of the DAO SPS too. It's ours to decide what to do with in the future.
Of that 6% SPS from the staking rewards that the DAO will be accumulating if this proposal passes, most of it will go to the largest stakeholders currently and hopefully they have the game's long term interests at heart, but a decent percentage of it will go to people who don't have SPS long term interests at heart and are just chasing yield to sell SPS for whatever the next shiny thing is.
We know the DAO will always prioritize what it thinks is best for SPS.
Micheal, I'm sorry for triggering you with that comment. You are (and have been) one of the most positive members of the game from the beginning. I meant no disrespect to you (or anyone), and I realize now I should've worded it better.
I understand how you see it and I will think of how I can explain it better.
I certainly don't think this is a proposal that should make you want to sell, I have a lot of SPS myself and I'm not a proponent of "lowering the return" in any way. In fact, my goal with anything that I propose (or vote for) is to make SPS stronger and more valuable. To me that's how we attract and retain players for the future.
Again sorry for triggering you and I hope you have a great day!!! :)