Will Splinterlands staffers privy to this announcement be barred from unlocking their CL Reward Cards?
This would protect Splinterlands staff from suspicion of insider trading, market manipulation or profiteering.
Will Splinterlands staffers privy to this announcement be barred from unlocking their CL Reward Cards?
This would protect Splinterlands staff from suspicion of insider trading, market manipulation or profiteering.
We're all privy to this announcement; and since nobody had a chance to act on it before now, there's been no opportunity for insider trading.
This announcement will inflate the value of unlocked Chaos Legion Reward cards by allowing a restricted few with large deposits of DEC to capitalise on this announcement.
If Splinterlands staff are allowed to Unlock Chaos Legion Reward Cards, and benefit financially from this decision themselves, to the disadvantage of other players who cannot afford to unlock the cards, then the decision to do this could be seen as an unfair advantage, allowing personal gain.
If everyone were allowed to unlock Reward Cards eventually, it would be more of a level playing field and this would not be a concern.
If Splinterlands staff were barred from unlocking their Reward Cards, then they would not be able to profit from this decision and again, it would not be a concern.
There is a conflict of interest where someone is in a position to make these decisions and is allowed to gain financially.
As a modest holder of staked SPS, I have a financial investment in Splinterlands and have been disadvantaged by this decision as I cannot afford to unlock my reward cards. Worst of all, after 180 days I will be barred from ever being able to unlock these reward cards.
Conflict of interest is a different concept than insider trading.
Having lots of dry powder isn't insider trading. If there was an old ability that synchronised really well with the new abilities, and that old ability was rare; and a staff member bought up a heap of the copies of the cards with the old ability before the new ones are announced, that would be insider trading.
They'd be misusing the knowledge of upcoming changes to benefit themselves at the expense of the people who didn't have that knowledge.
Employees of Splinterlands have created a set of rules and coded the game to implement this change to the game ecosystem.
If this directly benefits employees at the expense of other investors in the game ecosystem then there is something wrong.
A bit like playing Monopoly with friends and making up the rules as you go along to make sure you win the game. Oddly the next time you want to play your friends decline.
We can dance around the financial terminology, it doesn't change what will be implemented, and the possibility that Splinterlands staff could benefit financially from the decisions they have made that directly affect the game economy.
All I have asked for is an assurance that these staff will not abuse their position for personal financial gain.
Having looked at the @MattClarke account, I would place it in the Whale category.
Congratulations! Enjoy your unlocked Reward Cards, Splinterlands Moderator Matt"TwoCastles"Clarke on Discord?
Hmmm, @Matt"TwoCastles"Clarke has also posted in the Discord Splinterlands Server SPS-Treasurers channel.
What would ameliorate your concerns?
A level playing field.
Unlocking all players' CL Reward NFT's eventually, or barring SL Employees from unlocking their Reward NFT's in their main and alt accounts.
That doesn't sound level.